Global 2-Ethylhexanoic Acid Market, By Production (Butyraldehyde-Based, Octanol-Based, Others), Application (Plasticizers, Synthetic Lubricants, Polyvinylchloride (PVC) Stabilizers, Paint Dryers, Emollients, Corrosion Inhibitors, Drugs, Others), End User (Chemicals, Paints and Coatings, Personal-care and Cosmetics, Agrochemicals, Plastics, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global 2-Ethylhexanoic Acid Market
The 2-ethylhexanoic acid market size is expected to grow at a compound annual growth rate of 2.46% for the forecast period of 2021 to 2028. Data Bridge Market Research report on 2-ethylhexanoic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
2-ethylhexanoic acid is a carboxylic acid having the molecular formula C8H16O2. It is a type of a colorless organic compound which have relatively high boiling point, mild odor, and is immiscible in water and is soluble in organic solvents.
The rise in consumption of polyvinyl butyral (PVB) and polyvinylchloride (PVC) is expected to influence the growth of the 2-ethylhexanoic acid market. In line with this, the rise in the demand for 2-Ethylhexanoic acid as it used as plasticizer and stabilizer for these compounds are also anticipated to act as key determinants favoring the growth of the 2-ethylhexanoic acid market over the forecast period of 2021 to 2028. Also the, increase in the demand for paint dryer from paints and coatings industry and high consumption of synthetic lubricants are also expected to positively impact the growth of the 2-ethylhexanoic acid market. The major factor accountable for the growth of the market is the widespread utilization of the product in the in the production of glass.
However, the high capital cost for setting up the production facility and prices of the raw materials utilized in the generation of the acid are likely to act as key restraints towards 2-ethylhexanoic acid market growth rate in the forecast period of 2021 to 2028, whereas the rise in the number of regulatory approvals required for product development can challenge the growth of the 2-ethylhexanoic acid market in the above mentioned forecast period.
Furthermore, the rise in the investments in the construction industry, increase in the demand for plasticizers and stabilizers from the end use industries associated with increase in the consumption of synthetic lubricants are expected to offer a variety of growth opportunities for the 2-ethylhexanoic acid market in the above mentioned forecast period.
This 2-ethylhexanoic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the 2-ethylhexanoic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 2-Ethylhexanoic Acid Market Scope and Market Size
The 2-ethylhexanoic acid market is segmented on the basis of production, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of production, the 2-ethylhexanoic acid market is segmented into butyraldehyde-based, octanol-based and others.
- The application segment for 2-ethylhexanoic acid market is segmented into plasticizers, synthetic lubricants, polyvinylchloride (PVC) stabilizers, paint dryers, emollients, corrosion inhibitors, drugs and others.
- Based on end user, the 2-ethylhexanoic acid market is segmented into chemicals, paints and coatings, personal-care and cosmetics, agrochemicals, plastics, pharmaceuticals and others.
2-Ethylhexanoic Acid Market Country Level Analysis
The 2-ethylhexanoic acid market is analyzed and market size, volume information is provided by country, production, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the 2-ethylhexanoic acid market because of the high growth in use of 2-ethylhexanoic acid in chemicals, paints and coatings and cosmetic industries associated with the presence of developing countries such as India and China. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rise in the demand for bio-based products so as to support sustainable development.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 2-Ethylhexanoic Acid Market Share Analysis
The 2-ethylhexanoic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 2-ethylhexanoic acid market.
The major players covered in the 2-ethylhexanoic acid market report are BASF SE, Dow, Eastman Chemical Company, JYT Chemical, Perstorp, OQ Chemicals GmbH, Elekeiroz, KH Neochem Co., Ltd., Shenyang Zhangming Chemical Co. Ltd., Silver Fern Chemical Inc., CHEMVERA SPECIALITY CHEMICALS PVT., LTD., ALPHA CHEMIKA, Merck KGaA, TCI Chemicals (India) Pvt. Ltd., NATIONAL ANALYTICAL CORPORATION, Alfa Aesar, Thermo Fisher Scientific, and Monarch Chemicals Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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