Global 2-Ethylhexanoic Acid Market - Mumbai

Global 2-Ethylhexanoic Acid Market was valued US$ XX Bn. in 2019 and is estimated to grow at CAGR of 6.3 %, to reach US$ XX Bn. during the forecast period from 2020 to 2027.

Global 2-Ethylhexanoic Acid Market

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2-Ethylhexanoic Acid C8H16O2 is a colourless aliphatic carboxylic acid industrially used to manufacture lipophilic metal derivatives and widely used as a wood preservative, and Plasticizers.

The report covers worldwide 2-Ethylhexanoic Acid Market size in value and volume with market dynamics by region. All the segments and their detailed evaluation of the trend’s opportunities, challenges, consolidation, and factors affecting the market analyzed in the report.

The factors driving the growth of the 2-ethyl hexanoic acid market is the growing demand of polyvinylchloride (PVC) plasticizers and synthetic lubricants from the end-use industries and huge investments in the construction industry including commercial complexes, airports, hotels as to growing population, changing lifestyle and presence of large manufacturers. 2-ethyl hexanoic-based acid is largely used in the production of paints & glass for construction. Advancements of new construction projects and the adoption of environmental-friendly paints in construction will positively affect the growth of the 2-ethyl hexanoic acid market over the next five years. Furthermore, the rise in population and growing awareness about personal hygiene offers lucrative growth opportunities as 2-Ethylhexanoic acid is widely used as lubricant & emollient in cosmetics and personal care products.

On the contrary, High cost on production and fluctuating price of raw material coupled with stringent regulation & regulatory approvals required for product development hampers the growth of the global 2-Ethylhexanoic Acid market.
Global 2-Ethylhexanoic Acid Market: Market Segmentation

The report covers competitive analysis of the 2-Ethylhexanoic Acid Market in each of the geographical segments thereby providing insight into a market share of the countries.

Based on Application, PVB plasticizers hold the largest share of XX % in term of revenue and is expected to grow at a CAGR of XX % during the forecast period from 2019 to 2027. Thanks to growing demand in the glass industry. PVB plasticizers tend to show excellent shine, high tensile strength, and transparency to the glass. Surging use of PVB in construction & infrastructure sectors is expected to upsurge the demand for 2-ethylhexanoic acid in the coming forecast.

Based on End-User, paints and coatings industries held a Market share of XX % in 2019 and is expected to grow significantly owing to preventing corrosion and environmentally friendly nature as it uses water-based coatings which is less harmful and does not emit volatile organic compounds (VOCs), unlike oil-based coatings. Thus, growing infrastructure development and rising residential construction enlarge the demand for water-based coatings which in turn boost the growth in the upcoming forecast.

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