High boiling point and good solvent power of 2-ethylhexyl acetate maket it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.
The global 2-ethylhexyl market is expected to witness decent growth at a CAGR of 4% over the forecast period of 2019–2029, and reach a valuation of US$ 310 Mn by 2029.
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Key Takeaways of 2-Ethylhexyl Acetate Market Study
- Purity ≥ 99% is observed to be most-preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenario.
- 2-ethylhexyl acetate is used as a brightener in leather processing, and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
- 2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
- Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.
2-Ethylhexyl Acetate Market: Competition Analysis
The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. Adoption of integrated business models for controlling the procurement of raw material and supply chain network is one of the key strategies adopted by leading market players. Continuous product & technological innovation and development of customized solutions are few of the key trends being observed in the market. Some of the key players identified in the 2-ethylhexyl acetate market are Chemoxy International Ltd., BASF SE, Polynt SpA, and Eastman Chemical Company, among others.
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