2-EthylHexyl Acetate Market Snapshot

[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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How The Market Progressed Till June 2022?

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.

2014-2021 2-EthylHexyl Acetate Market Outlook Compared to 2022-2029 Forecast

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.

2-EthylHexyl Acetate Market

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.

How Will 2-EthylHexyl Acetate Gaining Traction Over Conventional Solvents?

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.

What Was The Impact Of COVID-19 Crisis On 2-EthylHexyl Acetate Market?

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.

Nikhil Kaitwade
Nikhil Kaitwade

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Country-Wise Insights

What is the Demand Outlook for 2-EthylHexyl acetate in the U.S.?

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 .

What is the Expected Growth Rate of the Market of 2-EthylHexyl acetate in Germany?

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.

Why is China Considered a key market for Propyl Acetate?

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.

Category-Wise Insights

How will the growing demand of  2-Ethylhexyl acetate as an Industrial solvent will impact the market?

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.

How the Increasing Usage of 2-EthylHexyl acetate in end use industry like paints & coatings will Impact the market?

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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Competitive Landscape

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.

For Instance,

  • In March, Taminco Corporation, a wholly-owned subsidiary of Eastman, launched TamiSolve NxG (NxG), a novel next-generation high-performance solvent with a favorable safety, health, and environmental profile as compared to NMP and NEP.
  • In June, BASF SE and siHealth Ltd partnered to market personalized technology to the personal care industry.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.

Scope Of 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
  • BASF SE
  • Eastman Chemical Company
  • Chemoxy International Ltd.
  • Polynt SpA
  • Changzhou Xiaqing Technological Co., Ltd.
  • Vijay Ajmera Group
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

2-EthylHexyl Acetate Market Market By Category

By Purity :

  • Purity ≥ 99%
  • Purity < 99%

By Application :

  • Industrial Solvents
  • Performance Chemicals

By End Use Industry :

  • Automotive & aerospace
  • Paints & Coatings
  • Leather Industry
  • Cleaners & Paint Stripping System
  • Others

By Region :

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

Frequently Asked Questions

What is the current size of global market of 2-Ethylhexyl Acetate?

The globalmarket of 2-EthylHexyl acetate is expected to total US$ 228.5 Mn in 2022.

What is the cosnumption outlook for 2-EthylHexyl acetate during the forecast period?

The 2-EthylHexyl acetate sales has been estimated to exhibit growth rate of 4.6% between 2022 and 2029 on value basis.

Which application segment is expected to contribute significant growth share to 2-EthylHexyl acetate in 2022?

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.

Who are the top players in the 2-EthylHexyl acetate Market market and what is their total share?

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.

What is the market outlook of 2-EthylHexyl acetate Industry in China?

The demand in China is expected to increase by 5.8% CAGR between 2022 and 2029 on value basis.

Table of Content
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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