Market Research Blog – Page 15645 – New Product Development

Stool Management Systems Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2031

According to Future Market Insights (FMI), the demand for stool management systems is expected to rise significantly, reaching a market value of USD$ 166.5 Mn by the end of 2021.

Stool management systems are designed for bed ridden patients with fecal incontinence, a condition commonly known as bowel incontinence. These systems are used to prevent infections and reduce nursing time requirements.

The stool management systems are advantageous for older adults and patients suffering from constipation and fecal incontinence. Furthermore, it is also helpful for bed-ridden patients who may have been subject to aliments such as strokes, paralysis, or spinal injury.

According to the World Bank, approximately 700 million people were aged 65 and above in the world in 2019. Consequently, the overall high incidence of geriatric populations is resulting in the expansion of the patient pool and the resultant increase in the demand for stool management systems globally.

Fecal incontinence issues are common around the world and it has a notable burden on the economy and healthcare systems of society. The condition has impacted the economic system including hospital charges and nursing charges. Stool management systems help in reducing the nursing time and other hospital expenses.

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Key players are focusing on strengthening their mergers and acquisition portfolios, in addition to advancement in technologies and new product launches. Europe holds the highest share in the market due to a vast target demographic, the presence of major market players, and high healthcare expenditure in the region.

Key Takeaways from Stool Management Systems Market Study

Systems are key to revenue generation in the stool management systems market surpassing accessories. They are likely to account for 63% value share by the end of the forecast period.
Luer-lock syringes will lead, with a valuation of over US$ 16 Bn by the end of 2021 owing to security in drug administration processes.
The U.S. accounts for more than 92% share in the North America market, and will witness growth backed by presence of a well-established healthcare sector.
Germany and France are leading countries in Europe and will account for more than 18% and 16% of the Europe market respectively in 2021.
Australia is the largest and fastest growing market in Oceania, exhibiting 6.2% CAGR during the forecast period.

Who is Winning?

The global stool management systems market is set to expand due to the rising number of people suffering from stool related ailments. Leading organizations within the market are set to focus on research for healthcare systems to offer increasingly effective treatment options for superior patient outcomes.

Some of the leading players in the stool management systems market include B. Braun Melsungen AG, Becton Dickinson, ConvaTec, Inc., Hollister Incorporated, Prosyn International Ltd., Consure Medical and others.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Blood Warmer Devices Market 2017: Global Industry Analysis, Size, Share, Growth, Trends And Forecast To 2026

According to a study by Future Market Insights (FMI), the global blood warmer devices market is anticipated to witness steady growth. The market is estimated to increase to 5.0% CAGR throughout the forecast period 2017-2026. Moreover, the market is also estimated to bring in US$ 223.5 million revenue by the end of 2026. Owing to the increasing incidence of trauma incidents, bypass surgeries, thyroid, orthopedic surgeries, and diabetes, the use of blood warming devices is also rising. The devices are also being used largely for treatment and prevention of complications such as hemorrhage and hypothermia. However, stringent government regulations and lack of awareness about the blood warming devices are some of the factors hampering the growth of the market.

Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood warming devices. Manufacturers are also working on new business strategies in order to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in a number of complications.

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Forecast Highlights on the Global Blood Warmer Devices Market

The global blood warmer devices market is segmented on the basis of end user, product type, application, and region. Based on the product type, the segment includes intravenous warming system, surface warming system and blood warming accessories. Among these, surface warming system is expected to be the widely accepted product in the global blood warmer devices market. By the end of 2026, surface warming system is estimated to surpass US$ 100 million revenue.

On the basis of end user, the segmentation consists of hospitals, blood banks, home care settings and others. Hospitals are expected to be the largest users of the blood warmer devices. By the end of 2017, hospitals are estimated to account for nearly two-third of the revenue share.

Based on the application, the market is segmented into home care, preoperative care, acute care, new born care and other application. Blood warming devices are expected to find the largest application in the preoperative care. By the end of 2026, preoperative care segment is estimated to reach nearly US$ 100 million revenue.

Geographically, the market is segmented into Europe, North America, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and Latin America. Among these, North America is expected to dominate the global blood warmer devices market during the forecast period 2017-2026. Increasing occurrence of hypothermia among ageing population and infants in the U.S. is one of the factors driving the growth in North America. Growth in trauma cases and surgeries is also contributing towards the growth of the market in the region.

Key Market Player Competing to Sustain in the Market

The report offers a detailed profile of some of the key market players in the global blood warmer devices market such as 3M Company, Smiths Medical, The 37 Company, GE Healthcare, Emit Corporation, Stryker Corporation, Geratherm Medical, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Biegler GmbH, Belmont Instrument, Keewell Medical Technology Co. Ltd., and Baxter International Inc. (Gambro). These key players are continuously working on new business strategies to offer better product and compete in the global market.

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Microneedle Drug Delivery Systems Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2030

Emerging applications of microneedle drug delivery systems are expected to fuel their demand over the next decade. According to a recent report published by Future Market Insights (FMI), the global microneedle drug delivery systems market will grow at a CAGR of 6.6% between 2020 and 2030. The market is witnessing surging demand in the field of pharmacy and cosmetics.

The rising incidence of diseases such as cancer, diabetes, migraine, and others and the need to accurately administer medications are driving the market. Additionally, the demand for minimally invasive and painless treatment methods is expected to bode well for the market.

The report uncovers hidden growth opportunities. It also highlights potential threats to the market players. Some of the key takeaways from the report are highlighted below.

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Key Takeaways from the Report

Solid microneedles are expected to lead the market during forecast period of 2020-2030 among product type
Hospitals are the leading end users of microneedle drug delivery systems, with specialty clinics gaining popularity.
Specialty clinics are expected to grow at an accelerated rate as one of the key end users of microneedle drug delivery systems
North America is the largest market for microneedle drug delivery systems. Along with Europe, it is expected to cover more than 70% of the market by end of 2030.
East Asia is expected to be the fastest growing regional market during the next decade.

Covid 19 Restricting Pace of Growth

The onset of pandemic has disturbed the entire business ecosystem. With productions coming to a halt and supply chains disrupted due to lack of transport, manufacturers of microneedle drug delivery systems are impacted in a big way.

Also, because of several restrictions by governments like social distancing, doctors and practitioners are choosing to avoid any surgical treatments which are not absolutely and immediately necessary.

Furthermore, cosmetic field which is another major user of microneedle drug delivery systems is also impacted as almost all treatments under their umbrella are considered to be not urgent.

Who is winning?

The key market players in microneedle drug delivery systems market include the 3M Company, Becton, Dickinson and Company, Zosano Pharma Corporation, Raphas co. ltd., Nanopass Tech, Corium International, Inc., Valeritas, Inc., Nitto Denko Corporation, Microdermics, Inc., TheraJect Inc., Vaxxas Pty Ltd., Endoderma Ltd., QuadMedicine, SNvia Co., Ltd., Small Lab and AdminMed Nano BioSciences LLC

Consolidating their positions through mergers, acquisitions and new product launches, global microneedle drug delivery systems market players rely heavily on new product innovation and differentiation for gaining an edge over their competitors.

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Therapeutic Nuclear Medicines Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2028

Increasing acceptance of therapeutic nuclear medicines (or radiopharmaceuticals) among industry experts will remain a prominent factor encouraging their adoption. Though associated with a negligible risk factor, radiopharmaceuticals are likely to witness growing recommendation owing to no proven significant adverse effects.

In the backdrop of the growing criticality of a more reliable, safer, and lesser harmful line of treatment for cancers, therapeutic nuclear medicines are being increasingly perceived as the potential treatment for cancer patients. Moreover, consistently surging instances of bone metastases further supports adoption growth, in the therapeutic nuclear medicines market.

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Just-under 10% Annual Growth Projected for Radiopharmaceuticals Adoption

A recent market research intelligence by Future Market Insights focuses on the deep-dive evaluation of global therapeutic nuclear medicines landscape, emphasizing the analysis of the most influential factors responsible for surging acceptance of radiopharmaceuticals in treating a range of cancers and a few other chronic conditions.

The study projects robust progress for the global radiopharmaceuticals market in coming years, reportedly driven by remarkable adoption in the treatment of prostate cancer. In 2019, the global demand for therapeutic nuclear medicines is expected to grow at a 9.7% annual rate, and maximum adoption is estimated by cancer research institutes at a global level.

North America, jointly with Western Europe, represents more than 65% share of the total market value.
Outpacing developed regional markets, the radiopharmaceuticals market in China and emerging economies across Asia Pacific, Latin America, and Middle East & Africa are slated for higher year on year revenue growth of over 12% in 2019 and ahead.
China is reportedly the most lucrative market for penetration of therapeutic nuclear medicines, which is attributed to an expanding cancer patient pool in the country and a consistently surging rate of radiopharmaceuticals recommendation.

Top Three Companies Account for More than 87% Market Value Share

A highly consolidated marketplace, global therapeutic nuclear medicines landscape is dominated by Bayer AG that currently accounts for just-under 80% revenue share in market. The top three players include GE Healthcare and Novartis AG other than Bayer, which collectively cover over 87% of the total valuation of radiopharmaceuticals market. While exceptional sales and success rate of Xofigo have been prominently retaining Bayer’s top position in the global market, strategic acquisitions are identified to be the key strategy behind Novartis’ success at a global level.

Exceptional Growth Projections for Thyroid & Brain Cancer

While over half the global market value is accounted by the adoption of therapeutic nuclear medicines for treatment of prostate cancer, bone metastases also accounts for sizable revenue generation in the market. Brain tumor and thyroid cancer are likely to emerge highly lucrative targets for manufacturers of therapeutic nuclear medicines, according to the report.

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Nylon Films Market Perspective, Comprehensive Analysis, Growth and Forecast 2019-2029

The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.1% over the forecast period of 2019-2029.

The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food. The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging.

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Key Takeaways of Nylon Films Market Study

According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2019, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.

Nylon Films Market: Competition Landscape

Unitika Ltd., Winpak, Toray Plastics Inc., Hyosung Corporation, Kolon Industries, and Honeywell International LLC are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.

Japan-based packaging converter UNITIKA Ltd. will be expanding its capacity from 16,500 tons/year to 26,500 tons/year for its Indonesia-based manufacturing plant in early 2020. However, several regional and unorganized manufacturers may enter the nylon films market through strategic collaborations to compete with global players armed with regional pricing strategies.

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Tempeh Market Trend 2019, Growth, Leading Companies with Impact of Covid-19, Business Scenario, Emerging Dynamics, Industry Share and Revenue Forecast by 2026

The global tempeh market was valued at US$ 3,842.8 Mn in 2019. The market has exhibited a considerable rise during 2013 -2018 and the trend is likely to continue as the market exhibits a CAGR of 6.1% between 2019 and 2026. The rising demand for meat analogs that are similar in texture and taste of meat is aiding the growth of the market.

Nearly 16% of the world population takes soybean, while several are concentrating on getting accustomed to the intake of plant-based products on most occasions. From the past few years, tempeh producers have amplified production across their manufacturing facilities. Besides this, soy-based food materials such as tempeh and tofu are gaining traction in the market. Soy-based foods such as tofu and tempeh also provide an economic advantage, starting from farming to the advertisements.

The tempeh market is witnessing rising demand as consumers are looking for natural food products that will improve their health. Furthermore, customers are showing interest in GMO-Free and organic products in the food and beverage industry which provides distinctive mouthfeel along with health benefits.

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Key Takeaways from Tempeh Market Study

According to FMI study’s on the tempeh market, a large consumer base is looking for products that are naturally sourced. Tempeh is a fermented food product and falls under the category of functional foods, which grabs the rapidly rising consumer interest for healthy lifestyle and healthy food. Thus, the demand for tempeh is surging.
The global tempeh market has been segmented based on source, where the soybean-based tempeh holds the major share. However, in the upcoming period, the multi-grain based segment is projected to show optimistic growth in due to its rising application in different food products.
Based on nature, the global tempeh market is segmented into organic and conventional types. Due to growing health concern, consumers are looking for products that are grown naturally and are free from chemicals and are not genetically modified.
The global tempeh market is studied on the basis of flavor, in this category the market share for plain is higher than herbs& spiced category.
In terms of product type, the fresh type segment accounted for 85% of the total tempeh market share.
Europe and APAC are expected to lead the global tempeh market in terms of value. The demand for tempeh is considerably high in North America, which is anticipated to show a high growth rate in the upcoming years. Due to the increasing number of flexitarian/ vegan population, the demand is expected to increase in North America. The Latin America market, dominated by Brazil, is also exhibiting high demand for tempeh.

Who is winning?

Turtle Island Foods, Inc., Henry’s Tempeh, Nutrisoy Pty Ltd, Totally Tempeh, Mighty Bean Tempeh Sunshine Coast, Margaret River Tempeh, Byron Bay Tempeh, Organic Village Food, Tempeh Temple, Primasoy, Gwen Tempeh, Rhapsody Natural Foods, Lalibela Farm Tempeh, SBC Tempeh Manufacturers, TOFU Manufaktur Nagel GmbH, Alive & Healing Inc., Impulse Tempeh, Natural Oriental Fresh Foods BV, and Schouten Europe B.V. are some of the key market players.

Leading companies operating in the tempeh market are aiming at regional expansion via targeting the local distributers to upscale their tempeh sales and to provide high-quality products to the customers.

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Advanced Distribution Management Systems Market Analysis (COVID-19 Analysis) – Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2029

The global advanced distribution management systems market is expected to witness a CAGR of 19% over the forecast period (2019-2029).

Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster. These systems provide situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly changing network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways of Advanced Distribution Management Systems Market Study

The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth

The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2018, the global demand for electricity increased by 4% to more than 23,000 TWh. Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

More Valuable Insights on Advanced Distribution Management Systems Market

FMI’s report on the advanced distribution management systems market is segmented into four major sections – solution (ADMS platforms and services), application (supervisory control & data acquisition, distribution management systems, outage management systems, and distributed energy resource management systems, geospatial information systems, and fault location and isolation & service restoration), and industry (transportation & logistics, energy & utilities, oil & gas, manufacturing, and others), across seven regions, to help readers understand and evaluate lucrative opportunities in the advanced distribution management systems market.

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Auto-Injectors Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Anaphylactic shock is the most common chronic disease in Europe and North America region. Allergy UK says, approximately 20% of patients struggle with anaphylactic reaction in Europe. Anaphylactic shock requires adrenaline auto injector devices to be treated. Adrenaline auto injectors are sold under various brands, such as Emerade, Epipen and Jext in the UK. The global auto injectors market was valued at US$ US$ 1,700 Mn, in terms of value, in 2016, according to the latest research by Future Market Insights (FMI). The report on auto injectors further projects significant growth potential with average year-on-year growth rate of 15.1% through 2026.

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Auto injectors are an effective mode of administration for intramuscular drugs. User friendly attributes of auto injectors reduce the burden of carrying conventional needles and syringes. However, limited awareness regarding proper use of auto injectors and high price of branded products are some of the important factors curbing the adoption of auto injector devices in emergency applications. Based on research conducted by the McGill University’s Health Centre Research Institute, allergic patients procuring EpiPen for emergency are not actually using the product as quickly as they should.

Further, a number of patients visiting the emergency department due to severe anaphylaxis reaction are already administered epinephrine, says the Journal of Allergy and Clinical Immunology. Failure to use auto injectors at the right time is mainly due to lack of knowledge about signs of anaphylaxis. Such lack of awareness about the disease and product creates significant challenges, in terms of product adoption, for the manufacturers. Apart from higher pricing, limited shelf life of auto-injector pen & under supply of products (Ex. EpiPen) are the major challenges hindering the patient preference for auto injectors in emergency.

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Increasing innovations in materials and device functions of auto-injectors are driving the expansion of the auto injector market. In September 2015, Bayer HealthCare reported the launch of Betaconnect- an electronic auto injector for the treatment of relapsing-remitting multiple sclerosis (RRMS). This auto injector offers complete drug dosage for improved compliance and potentially reduce the overall cost. The SHL Group offers a variety of auto injectors that can accommodate changes in injections, such as larger volumes, high viscosity and others. The auto-injector manufacturers are focusing on improving the functionality of auto-injectors to improve disease management and treatment.

Fierce competition in the auto injectors market due to the patient protection act has created an oligopolistic market environment. As a result, brands, such as EpiPen auto-injector, BD Physioject disposable auto injector, etc., have maintained their ranks in the market. However, recent patient expiration and increasing pressure from government bodies will led to reduction in auto injector prices and thus, reduce the profitability for branded manufacturers. Generic auto injectors are expected to present high growth opportunities for investors due to growing support from private insurance providers. Insurance services providers are dropping coverage on highly priced auto injectors and covering newly launched half priced generics. Overall revenue from pre-filled syringes is expected to grow during the forecast period due to rising need for targeted and sustained drug delivery. New entrants must comprehensively study the Auto Injectors market to penetrate and sustain in the price sensitive market. The study of the market scenario will provide insights about the business opportunities

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FMI has segmented the global auto injector market by product type, indication, distribution channel & regions. In terms of revenues, pre-filled auto injectors will hold substantial market share over the forecast period. On the contrary, the Fillable auto-injectors segment will exhibit limited investment opportunities, in terms of revenue, through 2026.

This FMI report covers some of the key companies operating in the auto injectors market, such as Sanofi, Pfizer, Inc., Becton, Dickinson and Company, Mylan N.V., Novartis AG, Janssen Global Services, LLC, Antares Pharma, Amgen Inc. Bayer AG, & Eli Lilly and Company.

Solid Board Market 2019 (COVID-19 Impact Analysis Included) Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2029

The rising demand for solid boards can be attributed to their increasing application for manufacturing packaging and promotional products such as boxes, layer pads, and POP displays. Solid boards are mostly preferred for manufacturing boxes, as they have a flat and compact structure and better printability. Moreover, solid boards are made from recycled paper and are also fully recyclable. Key drivers driving the growth of the solid board market are point-of-sale appeal and cost-effective packaging solutions, coupled with sustainability offered by solid boards over alternatives such as plastic or metal products. Moreover, rising consumer preference for eco-friendly products has boosted the demand for solid boards for manufacturing packaging & promotional products on a global scale.

On the back of these factors, the solid board market is projected to register a CAGR of 4.3% during the forecast period, and reach a valuation of US$ 13.2 Bn by 2029.

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Key Insights of Solid Board Market Study

Solid board made from virgin paper holds more than half of the total market share among all segments by material type in the global solid board market, as this type can be easily be cut and is suitable for printing. This segment is estimated to expand 1.2X its current value by 2023.
As per FMI analysis, the boxes segment is identified as the most preferred application of solid boards for packaging, as consumers are concerned about the environmental impact of packaging waste.
The food & beverage industry is projected to remain the key consumer for players in the solid board market during the forecast period, and is expected to grow by 1.5X its current value by 2029. Increased consumption of food & beverages such as fresh produce and frozen food in developed countries is anticipated to accelerate the demand for solid boards during the forecast period.

Solid Board Market: Competition Landscape

Smurfit Kappa Group, International Paper, VPK Packaging Group NV, Metsä Board, and Sappi Limited are tier-1 market players operating in the global solid board market. Holmen Group, Billerudkorsnas AB, Mugler Masterpack Crimmitschau GmbH, WestRock Company, and Stora Enso have been identified as tier-2 market players in the global market. However, several unorganized and regional manufacturers may enter the solid board market through mergers or collaborations to compete with global players.

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2-EthylHexyl Acetate Market Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2029

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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