2 Ethylhexyl Acrylate Market Report Outlines Revenue Share, SWOT Analysis and Players like BASF SE, Asahi Kasei Corporation, Ascend Performance Materials

2 Ethylhexyl Acrylate Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the 2 Ethylhexyl Acrylate market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global 2 Ethylhexyl Acrylate market from 2024 to 2031, and what is the market value expected to change by 2031?

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?

2-Ethylhexyl acrylate is an organic compound and a colorless liquid that is primarily used as a monomer in the production of polymers and copolymers for coatings, adhesives, and sealants. It is known for its excellent adhesion properties, flexibility, and resistance to water and chemicals, making it suitable for various industrial applications. This compound is commonly utilized in the formulation of pressure-sensitive adhesives, paints, and inks, contributing to improved performance and durability in end products.

Growth Driver

The automobile industry significantly drives the demand for 2-ethylhexyl acrylate, commonly used in vehicle paints, adhesives, and sealants. Factors like rising disposable income, population growth, and technological advancements are contributing to increased global automotive production and sales, thereby boosting demand for this chemical. Ongoing R&D efforts focus on improving the performance, durability, and environmental sustainability of 2-ethylhexyl acrylate-based products. These technological innovations lead to the development of new formulations and applications, further enhancing market prospects for 2-ethylhexyl acrylate.

Key Players:

Profiles of some of the major players in the global 2 Ethylhexyl Acrylate market, which include 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.

Industry Development:

In 2022, BASF commenced construction on a new manufacturing site in Verbund, China, which will produce Glacial Acrylic Acid (GAA), Butyl Acrylate (BA), and 2-Ethylhexyl Acrylate (2-EHA).

The plant is expected to start operations in 2025, with a production capacity of 100,000 tons of 2-EHA. Meanwhile, in the same year, BPCL announced the shipment of its first batch of 2-EHA from its Kochi Refinery to Asian Paints and Visen Industries India. This factory, which began production in 2021, is the only manufacturer of 2-EHA in India, with an installed capacity of 10,000 tons.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global 2 Ethylhexyl Acrylate market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Type: 99.0% Purity, 99.5% Purity, Others

By Application: Paints and Inks, Adhesives, Construction, Textile Chemicals, Automotive, Others

Regional Break out:

☞ 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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➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviors.

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