Global 2-Ethylhexanoic Acid Market Size By Production, By Application, By End User, By Geographic Scope And Forecast
Report Highlights
2-Ethylhexanoic Acid Market Size And Forecast
2-Ethylhexanoic Acid Market was valued at USD 551 Million in 2019 and is projected to reach USD 578.7 Million by 2027, growing at a CAGR of 0.6 % from 2020 to 2027.
Global 2-Ethylhexanoic Acid Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The major factor driving the growth of the 2-ethyl hexanoic acid market is the growing investments in the construction industry. The construction of huge structures requires the usage of glass on a large scale. Since 2-ethyl hexanoic-based acid is extensively employed in the production of glass, the development of new construction projects will continue to boost the demand for the compound shortly. Moreover, regulatory norms about the content of volatile organic compounds (VOCs) in paints and coatings are getting more stringent, and more importance is being laid on the use of water-based coatings. Thus, regulatory norms encouraging the adoption of eco-friendly paints in construction projects are positively affecting the growth of the 2-ethyl hexanoic acid market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global 2-Ethylhexanoic Acid Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global 2-Ethylhexanoic Acid Market Competitive Landscape
The Global 2-Ethylhexanoic Acid Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, The Dow Chemical Company, Eastman Chemical Company, JXDC Chemical Co., Ltd., Perstorp Holding AB, Oxea Corporation, Elekeiroz S.A., KH Neochem Americas, Inc. and Shenyang Zhangming Chemical Co. Ltd., Qingan, and Others.
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