According to ChemAnalyst report, “Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, The 2-Ethylhexanoic Acid market is likely to expand and grow to reach 380 thousand tonnes by 2032 at a healthy CAGR of 3.08% in the forecast period. In the upcoming years, it is predicted that with rising infrastructure development and an increase in the number of automobiles, the demand for paints & coating will rise which will most likely fuel the market for 2-Ethylhexanoic Acid market in the forecast period.

2-Ethylhexanoic acid is a colourless, viscous oil. It is obtained as a racemic mixture. During industrial manufacture, propylene is utilised as a precursor to produce 2-ethylhexanoic acid. The liquid has a mild scent and is a member of the carboxylic acid family. It is used largely as a chemical intermediary in the manufacture of stabilisers, plasticizers, paint driers, synthetic oils, polyvinyl chloride (PVC), and catalysts. This acid is most commonly used as a drier for odourless paints, inks, varnish, and enamel paints in the form of metallic salts (cobalt and manganese). Manufacturing adhesives and sealants, corrosion inhibitors, intermediates, anti-scaling agents, lubricating additives, and process regulators are some of the other applications.

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The market for 2-Ethylhexanoic acid is primarily driven by its use in the paints and coatings sector. These coatings are used in a variety of industries, including automotive, furniture, marine, aerospace, and general-purpose. The automotive sector is booming internationally, and this is likely to fuel the 2-Ethylhexanoic acid market expansion in the next years, thanks to rising vehicle production and sales. The construction industry is likely to fuel increased demand for paints and coatings, bolstering market growth in the coming years.

The 2-Ethylhexanoic Acid market is divided into three segments: end-use, sales channel, and geography. The global 2-Ethylhexanoic Acid market is segmented by end-use into Paints and Coatings, Personal Care and Cosmetics, Lubricants, Plasticizers, and Others. Paints and coatings have been the most successful segment of these businesses. The Paints and Coatings industry will account for around 35% of the market in 2022. Furthermore, Personal Care and Cosmetics are significant consumers of 2-Ethylhexanoic Acid.

Based on region-wise consumption, Asia Pacific dominates the 2-Ethylhexanoic Acid market with a consumption of approximately 42% of the global 2-Ethylhexanoic Acid market in 2022. 2-Ethylhexanoic Acid as a PVB plasticizer, 2-ethylhexanoic acid offers great transparency, long durability, high tensile strength, and elasticity Due to the growing usage of PVB films and sheets in the infrastructure and building & construction end-use in developing countries like India, China, and Japan, the 2-Ethylhexanoic Acid will most likely expand in the forecast period till 2032. Moreover, Asia Pacific also dominates as the producer of the global 2-Ethylhexanoic Acid market due to factors like low-cost of labour and raw material in countries like Malaysia being the key player.

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“Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, the significant players in the 2-Ethylhexanoic Acid market include are BASF PETRONAS Chemicals Sdn. Bhd., The Perstorp Group, BASF, The Eastman Chemical Company, Elekeiroz, JXDC Chemical CO.,LTD., KH Neo Chem, Co. Ltd., and others.

“Consistently growing demand for paints & coatings for application in various industries augments the 2-Ethylhexanoic Acid market growth in the forecast period. The primary application of this acid is in the form of metallic salts as driers in paints which are further employed by various industries such as automotive, construction, metal, and general use. Currently, Asia Pacific is the leading consumer of this acid and is anticipated to maintain its position owing to fast-paced construction activities and an increase in the sale of vehicles in the forecast period till 2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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