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The 2-EthylHexyl Acetate Market is estimated to expand at a CAGR of 4% throughout the assessment period, 2019-2029.
Growing in renovation and construction projects have exalted the paints & coatings demand, decorative in addition to protection purposes. This, consecutively, is improving the importance of the 2-ethylhexyl acetate market in the paints & coatings sector, due to its high miscibility quotient.
“2-ethylhexyl acetate is efficiently being utilized as an alternative to conventional solvents that has comparatively more prominent levels of volatile organic components (VOCs). Growing regulations concerning VOC components will push the 2-ethylhexyl acetate demand in the coming years.” – FMI analyst.
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2-Ethylhexyl Acetate Market- Critical Takeaways
COVID-19 Impact on 2-Ethylhexyl Acetate Market
The COVID-19 pandemic has notably impacted the production of 2-Ethylhexyl Acetate acetate in the global market due to supply chain disruptions, factory shutdowns, and unpredictability and fluctuations in prices of raw material supplies. Furthermore, manufacturing plants are worker-dense as the majority of the operations cannot be carried out remotely. To address the social distancing concerns, amid the crisis, manufacturers are ascertaining and executing a safe distance amid workers through staggered shifts.
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Prominent companies identified in the 2-Ethylhexyl Acetate acetate market are BASF SE, Chemoxy International Ltd., Eastman Chemical Company, and Polynt SpA, among others. The global market is notably consolidated with a handful of leading companies attaining higher market shares. Leading companies stay focused on augmenting supply chains for acquiring raw materials within the sector. Companies are also aiming technological and product innovations, along with customized product launches to fortify their base in the global 2-Ethylhexyl Acetate acetate market.
2-EthylHexyl Acetate Market Market By Category
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5. Global 2-Ethylhexyl Acetate Market Demand Analysis 2014-2021 and Forecast, 2022 – 2029
The study offers readers a comprehensive assessment of the 2-Ethylhexyl Acetate market. Global, regional and national-level analysis of the latest trends influencing the 2-Ethylhexyl Acetate market is covered in this FMI report. The study provides insights according to purity (Purity ≥ 99% and Purity < 99%), application (industrial solvents and performance chemicals), and end users(Automotive & Aerospace, Paints & Coatings, Leather Industry, Cleaners & Paint Striping Systems and Others) across six key regions (North America, Latin America, Europe, China, Asia Pacific excluding China, and Middle East & Africa).
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post 2-Ethylhexyl Acetate Market sales to reach US$ 783.6 Mn in 2029; Growing usage in the automotive & aerospace and automotive refinish coatings sector appeared first on Future Market Insights.
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