[262 Pages Report] Future Market Insights (FMI) has forecast the 2-EthylHexyl acetate market to grow with a year on year growth of 4.5% in 2022 reaching a value of about US$ 228.5 Mn by 2022 end. The global sales is anticipated to witness a considerable CAGR of 4.6% during the period of 2022 and 2029.
| Report Attributes | Details |
|---|---|
| 2-EthylHexyl Acetate Market Size (2021A) | US$ 218.6 Mn |
| 2-EthylHexyl Acetate Sales (2022E) | US$ 8.5 Mn |
| Projected 2-EthylHexyl Acetate Market (2029F) | US$ 312.2 Mn |
| Value CAGR (2022-2029) | 4.6% |
| Collective Value Share: Top 3 Countries (2022E) | 42.9% |
2-Ethylhexyl acetate is widely used as a solvent in screen inks and printing inks. Over the years, printing inks have witnessed increase in demand from flexographic, sheet-fed, and screen printing applications mainly due to the increased demand from packaging industry. Growing consumption of screen & printing inks is estimated to propel the demand for 2-Ethylhexyl acetate. Considering this, FMI has forecasted the global 2-EthylHexyl acetate Market sales to reach a valuation of US$ 783.6 Mn in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.4% |
| H1,2022 Projected (P) | 4.5% |
| H1,2022 Outlook (O) | 4.6% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 10 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 20 ↑ |
Future Market Insights presents a half yearly comparison and review analysis for market dynamics and industry trends of 2 ethyl hexyl acetate market. Chemical industrial growth and growth in automotive and transportation industry are creating new growth avenues for the market.
Increasing consumption of screen & printing inks and demand for paints and coatings in the automotive and aerospace industry are the key driving factors of 2 ethyl hexyl acetate market.
Furthermore, increasing demand for cleaners, cosmetics, and personal care products are also contributing to the growth of the market. Some of the key trends witnessed in the market include product development and innovation, expansion of production capacities & merger activities which are likely to influence the market growth.
The market of ethyl hexyl acetate is estimated to witness a CAGR of magnitude 4.6% during the second half of 2022, an increase of 10 bps as compare to the earlier projections for the same period.
Rising preference for 2 ethyl hexyl acetate in the printing ink industry and demand for paints & coatings from the automotive and aerospace industry is expected to create more opportunities in the forecast period. In addition to this, 2 ethyl hexyl acetate is expected to grow in popularity during the forecast period due to its lower toxicity than traditional solvents.
Despite these positive prospects, there are some likely challenges that stay ahead for the industry, which include rregulations in production and applications of chemicals, growing prices of these chemicals, supply constraints owing to Russia and Ukraine conflict and others.
Sales of 2-EthylHexyl acetate increased at a 4.6% CAGR, between 2014 and 2021, owing to the significant growth in the demand from the end users. Furthermore, outbreak of the COVID-19 pandemic, which reduced demand for 2-EthylHexyl acetate in 2020 and 2021, sales prospects were hampered, which also resulted in the low growth outlook as compare to forecast growth rate.
Rising preference for 2-EthylHexyl acetate in printing ink industry and demand of paints & coatings from automotive and aerospace industry continues to boost the market as it holds a key share in the consumption of 2-EthylHexyl acetate which is estimated to create immense opportunities for the manufacturers during the forecast period.
All industries have suffered and seen a decline as a result of Covid-19, but the market is expected to grow significantly in the forecast period due to increased consumption from end use industries, which is expected to boost demand for 2-ethylhexyl acetate. Furthermore, Lower price ranges, on the other hand, will continue to influence sales of solvent-borne coatings, which will benefit the 2-ethylhexyl acetate market.
2-Ethylhexyl acetate is expected to grow in popularity during the forecast period due to its lower toxicity than traditional solvents. Traditional solvents have higher levels of aromatic content and, as a result, have higher levels of volatile organic components (VOCs).
Aromatic content in 2-Ethylhexyl acetate, on the other hand, is extremely low. Because of the low aromatic content, the solvent is odourless, has a lower VOC content, and has a lower toxicity than traditional solvents. As a result, 2-ethylhexyl acetate is a safer alternative to traditional solvents like chlorinated solvents.
The covid-19 pandemic has had a negative impact on the global economy, causing numerous business lines to be disrupted due to decreased demand from various end-use industries, as well as restrictions. Lockdown regulations have harmed many industries, including printing inks, leather, and paints and coatings. Lower demand for the product has resulted from a decrease in consumer demand and a low manufacturing sector production rate.
All of this has had a significant impact on the supply chain network, which has had an impact on economic growth. However, the market is expected to grow at a faster rate in the forecast period due to rising consumption of 2-EthylHexyl acetate in various applications, and it is expected to continue growing in the future due to the compound's significant use in some upcoming applications.
Principal Consultant
As per FMI, the U.S. is projected to witness more than 22% share in the global market of 2-ethylhexyl acetate. 2-EthylHexyl acetate consumption is expected to lead by North America throughout the forecast period, owing to increasing use from paints & coatings industries. U.S. is a one of the major country in terms of consumption of 2-EthylHexyl acetate in the global market.
Over the forecast period, the U.S. market for industrial solvents is expected to grow moderately. The flexibility of application across various industries such as building and construction, food and beverages, and personal care is expected to drive the growth of the U.S. market.
Furthermore, the demand for cleaners, cosmetics & personal care products, and printing inks is expected to grow at a significant rate. Growth of these industries is expected to significantly driving demand for 2-Ethylhexyl acetate in U.S. Owing to the higher demand for coatings and printing inks, U.S. is expected to create a valuation in the market of about US$ 64.9 Mn by the year 2029 .
Through 2029, the sales of 2-EthylHexyl acetate is predicted to rise at a significant pace and Germany is having a market share of 24.0% in the overall Europe market in 2022. Many market participants in the region are developing capacity development methods, improving market growth potential.
The German hydrocarbon solvents market is being driven by rising product consumption in rapidly growing industries such as printing inks, paints and coatings, and automobiles & transportation. In terms of volume, rising demand from the region's automotive and aerospace industries is a major factor driving market demand.
Thus, during the forecast period, the demand for hydrocarbon solvents is expected to be fueled by the growth of the European paints and coatings industry. Owing to the these factors 2-EthylHexyl acetate sales in Germany is estimated to reach about US$ 15.8 Mn by the year 2029.
The East Asia market is a key market that accounts for a major share in the global 2-Ethylhexyl acetate market. China’s market of 2-EthylHexyl acetate is projected to grow with a growth rate of 5.8% during the period of 2022 and 2029.
Increasing demand for printing inks, growth of automotive industry, and increasing consumption of cosmetics and personal care products in China, are key factors that are expected to drive growth of the 2-Ethylhexyl acetate market over the forecast period. In the global paints and coatings market, China is the largest market in East Asia, are also the fastest growing coating markets in the world.
The industrial solvent segment is expected to grow at a prominent value of 4.6% CAGR, over the forecast period of 2022 to 2029. Industrial solvent accounts for 76.1 percent of the 2-ethylhexyl acetate market in 2022, as it is used as an industrial solvent in the paints and coatings industry, which is expected to grow during the forecast period.
It is a preferred alternative to traditional solvents such as chlorinated solvents due to its lower VOC content. 2-ethylheyxl acetate is widely used as a dyeing and finishing solvent in the leather industry, where it aids in film formation and flow.
By application, automotive & aerospace segment is projected to reach an estimated value of US$ 113.3 Mn by the end of 2029. 2-Ethylhexyl acetate is used as a solvent in the paints & coatings industry. Paints & coatings have witnessed increased demand from automotive & transportation industry. Paints & coatings are crucial in automotive OEMs as well as aftermarket. Thus, increase in automotive production is estimated to be an important parameter, driving the growth of 2-Ethylhexyl acetate market.
Rapid industrial growth, especially in emerging economies, has elevated the demand for industrial coatings. Special purpose paints & coatings are also gaining popularity in developed as well as developing regions.
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Over the past few years, a shift of manufacturers and their focus towards emerging regions has been witnessed to meet the increasing demand of monopropylene glycol. Several key players are also focusing on expanding their production capacities, launching of innovative products, and focusing on mergers & acquisition.
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*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022-2029 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East and Africa (MEA), East Asia, South Asia and Oceania. |
| Key Countries Covered | U.S.,Canada,Brazil ,Mexico, Rest of LA, Germany, Italy, France, U.K., Spain, BENELUX, Russia, Rest of Europe, India, ASEAN,China, South Korea, Japan, GCC Countries,Northern Africa, Turkey, South Africa, Rest of MEA. |
| Key Segments Covered | Purity, Application, End Use Industry, and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
By Purity :
By Application :
By End Use Industry :
By Region :
The globalmarket of 2-EthylHexyl acetate is expected to total US$ 228.5 Mn in 2022.
The 2-EthylHexyl acetate sales has been estimated to exhibit growth rate of 4.6% between 2022 and 2029 on value basis.
By Application, Industrial Solvent is expected to contribute significant growth share to the overall market in 2022. The segment is expected to account for about 76.1% of the global consumption of 2-Ethylhexyl Acetate.
BASF SE, Eastman Chemical Company, Chemoxy International Ltd, Polynt SpA , Changzhou Xiaqing Technological Co., Ltd. and others are the key market players. Further the key platers have been estimated to account for about 60% of the global market share.
The demand in China is expected to increase by 5.8% CAGR between 2022 and 2029 on value basis.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. FMI Analysis and Recommendation 2. Market Overview 2.1. Taxonomy 2.2. Market Definition 3. Key Market Trends 4. Key Success Factors 5. Global 2-Ethylhexyl Acetate Market Demand Analysis 2014-2021 and Forecast, 2022 – 2029 5.1. Historical Market Volume Analysis, 2014–2021 5.2. Current and Future Market Volume Projections, 2022 – 2029 5.3. Y-o-Y Growth Trend Analysis 6. Global 2-Ethylhexyl Acetate Market - Pricing Analysis 7. Global 2-Ethylhexyl Acetate Market Demand (in Value or Size in US$ Mn) Analysis 2014-2021 and Forecast, 2022 – 2029 7.1. Historical Market Value (US$ Mn) Analysis, 2014–2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022 – 2029 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.3. Value Chain Analysis 8.4. Market Dynamics 9. Global 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029, By Purity 9.1. Introduction 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Purity, 2014–2021 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Purity, 2022 – 2029 9.3.1. Purity ≥ 99% 9.3.2. Purity < 99% 9.4. Market Attractiveness Analysis By Purity 10. Global 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029, By Application 10.1. Introduction 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014–2021 10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2022 – 2029 10.3.1. Industrial Solvents 10.3.2. Performance Chemicals 10.4. Market Attractiveness Analysis By Application 11. Global 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029, by End Use 11.1. Introduction 11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2014–2021 11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2022 – 2029 11.3.1. Automotive & aerospace 11.3.2. Paints & Coatings 11.3.3. Leather Industry 11.3.4. Cleaners & Paint Stripping System 11.3.5. Others 11.4. Market Attractiveness Analysis By End Use 12. Global 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014–2021 12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022 – 2029 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. South Asia 12.3.5. East Asia 12.3.6. Oceania 12.3.7. Middle East & Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 13.4.1. By Country 13.4.1.1. U.S. 13.4.1.2. Canada 13.4.2. By Purity 13.4.3. By Application 13.4.4. By End Use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Purity 13.5.3. By Application 13.5.4. By End Use 13.6. Drivers and Restraints - Impact Analysis 14. Latin America 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Purity 14.4.3. By Application 14.4.4. By End Use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Purity 14.5.3. By Application 14.5.4. By End Use 14.6. Drivers and Restraints - Impact Analysis 15. Europe 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. U.K. 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Russia 15.4.1.8. Rest of Europe 15.4.2. By Purity 15.4.3. By Application 15.4.4. By End Use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Purity 15.5.3. By Application 15.5.4. By End Use 15.6. Drivers and Restraints - Impact Analysis 16. South Asia 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 16.4.1. By Country 16.4.1.1. India 16.4.1.2. ASEAN 16.4.1.3. Rest of South Asia 16.4.2. By Purity 16.4.3. By Application 16.4.4. By End Use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Purity 16.5.3. By Application 16.5.4. By End Use 16.6. Drivers and Restraints - Impact Analysis 17. East Asia 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 17.4.1. By Country 17.4.1.1. China 17.4.1.2. Japan 17.4.1.3. South Korea 17.4.2. By Purity 17.4.3. By Application 17.4.4. By End Use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Purity 17.5.3. By Application 17.5.4. By End Use 17.6. Drivers and Restraints - Impact Analysis 18. Oceania 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 18.4.1. By Country 18.4.1.1. Australia 18.4.1.2. New Zealand 18.4.2. By Purity 18.4.3. By Application 18.4.4. By End Use 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Purity 18.5.3. By Application 18.5.4. By End Use 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014–2021 19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 – 2029 19.4.1. By Country 19.4.1.1. GCC Countries 19.4.1.2. Turkey 19.4.1.3. Northern Africa 19.4.1.4. South Africa 19.4.1.5. Rest of Middle East and Africa 19.4.2. By Purity 19.4.3. By Application 19.4.4. By End Use 19.5. Market Attractiveness Analysis 19.5.1. By Country 19.5.2. By Purity 19.5.3. By Application 19.5.4. By End Use 19.6. Drivers and Restraints - Impact Analysis 20. Emerging Countries 2-Ethylhexyl Acetate Market Analysis 2014-2021 and Forecast 2022 – 2029 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. China 2-Ethylhexyl Acetate Market Analysis 20.2.1. Introduction 20.2.2. Pricing Analysis 20.2.3. PEST Analysis 20.2.4. Market Volume and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 20.2.4.1. By Purity 20.2.4.2. By Application 20.2.4.3. By End Use 20.3. India 2-Ethylhexyl Acetate Market Analysis 20.3.1. Introduction 20.3.2. Pricing Analysis 20.3.3. PEST Analysis 20.3.4. Market Volume and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 20.3.4.1. By Purity 20.3.4.2. By Application 20.3.4.3. By End Use 20.4. Mexico 2-Ethylhexyl Acetate Market Analysis 20.4.1. Introduction 20.4.2. Pricing Analysis 20.4.3. PEST Analysis 20.4.4. Market Volume and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 20.4.4.1. By Purity 20.4.4.2. By Application 20.4.4.3. By End Use 21. Competition Landscape 21.1. Market Analysis by Tier of Companies (2-Ethylhexyl Acetate) 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.5. Competition Dashboard 21.6. Company Profile 21.6.1. BASF SE 21.6.2. Eastman Chemical Company 21.6.3. Chemoxy International Ltd. 21.6.4. Polynt SpA 21.6.5. Changzhou Xiaqing Technological Co., Ltd. 21.6.6. Vijay Ajmera Group 22. Assumptions and Acronyms Used 23. Research Methodology
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2-EthylHexyl Acetate Market
