- Purity ≥ 99%
- Purity < 99%
2-Ethyl Hexyl Acetate Market size was valued at USD 220 million in 2022 and is poised to grow at a CAGR of 4.4% over 2023-2029. 2-Ethylhexyl Acetate is a clear, polar solvent with low volatility, suitable as a carrier solvent for nitrocellulose production and many other natural and synthetic resins used in a wide range of industrial applications. The growing demand for paints and coatings owing to the increase in the construction of residential and commercial buildings is anticipated to drive the market. Furthermore, the increased usage of automotive coatings, adhesives, and sealants in the automotive industry that are formulated from 2-EthylHexyl Acetate is anticipated to propel the market during the forecast period.
According to ACEA, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Additionally, opportunities for the development and commercialization of environmentally friendly and sustainable solvents, such as bio-based 2-Ethylhexyl Acetate, are being created by rising environmental concerns and legislation. Currently, the adoption of low-VOC and eco-friendly coatings, paints, and adhesives compared to other solvents is becoming popular in the market. But, the increased and volatile price of raw material along with the increased health concerns related to solvent handling and exposure in industrial settings may hinder the market growth. However, the increased demand for paints & coatings from the automotive and aerospace industry, increasing demand for cleaners, cosmetics, and personal care products, chemical industrial growth and growth in automotive and transportation industry are anticipated to burgeon the market during forecast years.
Fastest Growing Market
The market is expected to rise owing to the increased usage of industrial solvents in various industries especially the paints and coatings industry, which is expected to grow during the forecast period. Furthermore, due to its decreased VOC content, it is a favoured substitute for conventional solvents like chlorinated solvents. In the leather industry, 2-ethylhexyl acetate is frequently used as a dyeing and finishing solvent where it helps with film formation and flow. The increased demand for construction in developing and developed countries drives the 2-EthylHexyl Acetate market. The market for industrial solvents has increased as a result of rapid industrial growth, particularly in emerging economies. Both established and emerging regions are seeing an increase in the use of special-purpose paints and coatings.
The 2-ethyl hexyl acetate market valued at USD 220 million in 2022 and is expected to grow at 4.4% CAGR over the forecast period 2023 – 2029.
The growing demand for paints and coating owing to the increase in the construction of residential and commercial buildings is anticipated to drive the market.
Eastman, BASF, Dow Chemical Company, Arkema, Chemoxy International, Polynt, Hallalpooyan Company, Jiangsu Jurong Chemical, Suzhou Shengyu Chemical, Silver Fern Chemical are a few companies operating in 2-EthylHexyl Acetate market.
North America is anticipated to grow with 4.5% CAGR over the forecast period 2023-2029.