2-Ethylhexyl Acrylate Market Size, Share & Demand Forecast 2024-2031
The 2 Ethylhexyl Acrylate Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends.
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What is the projected growth of the Global 2 Ethylhexyl Acrylate market?
Global 2-Ethylhexyl Acrylate Market reached US$ 1.3 billion in 2023 and is expected to reach US$ 2.2 billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.
What is 2 Ethylhexyl Acrylate Market?
The 2-Ethylhexyl Acrylate Market revolves around a key monomer used in adhesives, paints, coatings, and sealants. Known for its flexibility, weather resistance, and strong adhesion properties, it is widely applied in construction, automotive, and packaging industries. Market growth is driven by increasing demand for high-performance polymers, industrial coatings, and eco-friendly formulations.
Who are the major players in the 2 Ethylhexyl Acrylate market?
The prominent players in 2 Ethylhexyl Acrylate market research report are:
BASF SE, Asahi Kasei Corporation, Ascend Performance Materials, Compass Chemical, Evonik Industries AG, Solvay SA, Merck KGa, E. I. Du Pont De Nemours Inc., Invista and Ashland Global Holdings, Inc.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In 2022, BASF began constructing a new manufacturing facility in Verbund, China, which will house production units for Glacial Acrylic Acid (GAA), Butyl Acrylate (BA), and 2-Ethylhexyl Acrylate (2-EHA). Expected to be operational by 2025, the plant will have a production capacity of 100,000 tons of 2-EHA, further strengthening BASF's footprint in the region.
In 2022, BPCL shipped its first batch of 2-EHA from its Kochi Refinery to Asian Paints and Visen Industries India. The refinery, which started production in 2021, is the country's sole manufacturer of 2-EHA, with an installed capacity of 10,000 tons, catering to the growing demand for this key chemical in various industries.
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Market Segments
By Type: 99.0% Purity, 99.5% Purity, Others.
By Application: Paints and Inks, Adhesives, Construction, Textile Chemicals, Automotive, Others.
The 2 Ethylhexyl Acrylate industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global 2 Ethylhexyl Acrylate Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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