What is Global 2-Ethylhexyl Methacrylate Market?
The Global 2-Ethylhexyl Methacrylate Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. 2-Ethylhexyl Methacrylate is a type of methacrylate ester that has a wide range of applications in various industries. It is a colorless liquid with a mild ester odor and is used as a raw material in the production of polymers and resins. The global market for 2-Ethylhexyl Methacrylate is growing due to its increasing demand in various industries such as paints and coatings, adhesives and sealants, fiber treatment agents, and others. However, the market is also facing some challenges such as the fluctuating prices of raw materials and stringent environmental regulations. Despite these challenges, the market is expected to grow in the coming years due to the increasing demand for 2-Ethylhexyl Methacrylate in emerging economies and the development of new applications.
Esterification Type, Transesterification Type in the Global 2-Ethylhexyl Methacrylate Market:
The Global 2-Ethylhexyl Methacrylate Market is segmented into two types based on the production process: Esterification Type and Transesterification Type. The Esterification Type involves the reaction of methacrylic acid with 2-ethylhexanol to produce 2-Ethylhexyl Methacrylate. This process is widely used due to its simplicity and cost-effectiveness. On the other hand, the Transesterification Type involves the reaction of methyl methacrylate with 2-ethylhexanol to produce 2-Ethylhexyl Methacrylate. This process is more complex and expensive compared to the Esterification Type, but it offers a higher yield and purity of the product. The choice of the production process depends on various factors such as the availability of raw materials, the required product quality, and the cost of production.
Paints And Coatings, Adhesive And Sealants, Fiber Treatment Agents, Others in the Global 2-Ethylhexyl Methacrylate Market:
The Global 2-Ethylhexyl Methacrylate Market finds its usage in various areas such as Paints and Coatings, Adhesive and Sealants, Fiber Treatment Agents, and Others. In the Paints and Coatings industry, 2-Ethylhexyl Methacrylate is used as a raw material in the production of acrylic resins which are used in various types of paints and coatings due to their excellent adhesion, durability, and resistance to UV radiation. In the Adhesive and Sealants industry, 2-Ethylhexyl Methacrylate is used in the production of adhesives and sealants due to its excellent adhesion properties. In the Fiber Treatment Agents industry, 2-Ethylhexyl Methacrylate is used in the treatment of fibers to improve their properties such as strength, durability, and resistance to chemicals. In the Others category, 2-Ethylhexyl Methacrylate is used in various other applications such as plasticizers, lubricants, and others.
Global 2-Ethylhexyl Methacrylate Market Outlook:
The global 2-Ethylhexyl Methacrylate market, valued at US$ 84 million in 2022, is projected to reach a value of US$ 100.1 million by 2029. This represents a compound annual growth rate (CAGR) of 2.5% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for 2-Ethylhexyl Methacrylate in various industries such as paints and coatings, adhesives and sealants, fiber treatment agents, and others. The market is dominated by the top three manufacturers who collectively hold a market share of about 70%. In terms of product type, the Transesterification Type is the largest segment, accounting for over 65% of the market. This dominance can be attributed to the higher yield and purity of the product obtained through the Transesterification process.
| Report Metric | Details |
| Report Name | 2-Ethylhexyl Methacrylate Market |
| Accounted market size in 2022 | US$ 84 in million |
| Forecasted market size in 2029 | US$ 100.1 million |
| CAGR | 2.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Mitsubishi Rayon, Evonik, NOF Corporation, BASF Group, MITSUBISHI GAS CHEMICAL, Kyoeisha Chemical, Fushun Anxin Chemical, Shanghai Hechuang Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
