Global 2-Ethylhexyl Acrylate Market - 2023-2030

Market Overview

The global 2-ethylhexyl acrylate market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 8.43% during the forecast period (2023-2030).

A 2-ethyl hexyl acrylate is known to undergo free-radical solution polymerization with methyl methacrylate to form pressure-sensitive adhesives. It is a useful feedstock for chemical synthesis, as it readily undergoes addition reactions with a wide range of organic and inorganic compounds. The 2-ethylhexyl acrylate is a higher alkyl acrylate comonomer, which imparts glass transition temperature or well below room temperature and has flexibility, elasticity and hydrophobic nature.

Unique features contributed to copolymer compositions include low-temperature flexibility, water resistance, good weathering characteristics and UV (sunlight) resistance. The primary applications of 2-ethylhexyl acrylate include multiple adhesives, especially pressure-sensitive adhesives (PSA), paint & coatings, caulks & sealants, textile & paper finishes and printing inks.

Market Dynamics

Increasing demand for 2-ethylhexyl acrylate in adhesives

2-EHA is used in the production of adhesives. The respective adhesives are commonly used in the construction and automotive industries, as they are easy to apply, have low VOC emissions and can be cleaned up with water. 2-EHA is a key component in the production of adhesives, as it improves the final product's adhesion, flexibility and durability. As a result, as the adforementioned end-user vertical grow, the demand and sales of 2-EHA based adhesives grow exponentially. Thus, increasing demand for 2-ethylhexyl acrylate in adhesives is a major market driver.

Health issues associated with 2-ethylhexyl acrylate

The exposure to 2-ethyl hexyl have been said to cause skin, eye and throat reactions and, in some cases, serious health consequences such as cancer, development issues, neurological damage, cellular damage, reproductive toxicity and organ system toxicity. The above health-related issues pose a major challenge to the 2-ethyl hexyl market as they reduces its applications, thereby its demand and sales.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global 2-ethylhexyl acrylate market is segmented based on type, application and region.

Growing demand for coatings, adhesives and sealants from the automotive industry

2-Ethyl hexyl acrylate market by application is segmented into paints and inks, adhesives, construction materials, textile chemicals, automotive, construction industries and others. In the forecast period, the automotive segment is expected to show a significant share in the 2-ethyl hexyl acrylate market. 2-ethyl hexyl acrylate (2-EHA) is a type of acrylate monomer commonly used in the automotive industry to produce various coatings, adhesives and sealants.

Geographical Analysis

The highly skilled workforce, huge customer base and easy access to raw materials

The major plastic chemicals, petrochemicals and personal care manufacturers are planning to shift their manufacturing bases in the growing economies of Asia-Pacific, such as India, China and South Korea, owing to low-cost labor and easy availability of raw materials at a cheap production cost. China is leading in Asia-Pacific due to its world-leading manufacturing industry. Many global corporations across various industrial domains are based in China.

China and India are leading global producers of plastics, chemicals, petrochemicals and personal care. The highly skilled workforce, huge customer base and easy access to raw materials have propelled the region's industrial development. Many foreign investors commenced manufacturing facilities in the region due to low production costs. It is the one major factors contributing to the growth of the 2-ethyl hexyl acrylate market in Asia-Pacific.

Competitive Landscape

The major global players in the market include: BASF SE, Asahi Kasei Corporation, Ascend Performance Materials, Compass Chemical, Evonik Industries AG, Solvay SA, Merck KGaA, E. I. Du Pont De Nemours Inc., Invista and Ashland Global Holdings, Inc.

Why Purchase the Report?

• To visualize the global 2-ethylhexyl acrylate market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of 2-ethylhexyl acrylate market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global 2-ethylhexyl acrylate market report would provide approximately 53 tables, 50 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies