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Market Overview of Global 2-Ethylhexyl Acrylate market:
According to our latest research, the global 2-Ethylhexyl Acrylate market looks promising in the next 5 years. As of 2022, the global 2-Ethylhexyl Acrylate market was estimated at USD 1422.46 million, and it's anticipated to reach USD 1534.64 million in 2028, with a CAGR of 1.27% during the forecast years.
Influence of COVID-19 Outbreak on 2-Ethylhexyl Acrylate Industry Development
The impact of COVID-19 on the 2-Ethylhexyl Acrylate industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely impeded, production plans have been severely impeded, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee income have been damaged.
The negative impact of COVID-19 on SMEs is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of the enterprise and may affect production and sales. Some enterprises have difficulty operating and even go bankrupt.
The final impact of the epidemic on the 2-Ethylhexyl Acrylate industry will depend on when the epidemic is controlled. However, so far, the turning point has not yet arrived, and the negative impact of the epidemic on the global industrial chain has already emerged. Therefore, we expect the 2-Ethylhexyl Acrylate industry to experience negative growth this year.
Challenges
The 2-Ethylhexyl acrylate industry is very competitive. Some companies with cost or technological advantages are less affected. However, as more and more companies launched similar products, competition between similar products intensified, and some developing countries also experienced price wars. If the newly entered company does not have a strong capital background and mature sales channels, it is difficult to gain a place in the market.
The development of the world economy is mainly attributed to the development of world trade. The development of world trade depends to a great extent on the good relations between various economic entities. If the main economic entities conflict, it will not only affect political, cultural and technological exchanges, but also increase trade frictions, and may even hinder the globalization process and the development of the world economy. 2-Ethylhexyl acrylate industry will also be affected.
The best examples is the trade war between China and the United States in recent years. In this dispute, the United States and China imposed tariffs on each other 's goods that worth hundreds of billions of dollars. US President Donald Trump has long accused China of engaging in unfair trade practices and theft of intellectual property rights; in China, there is a feeling that the United States is trying to curb its rise as a global economic power. The two countries have still not reached an agreement on the interests of both parties, but the uncertainty of the trade war has hurt businesses and suppressed the global economy.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
The top three companies are BASF, Arkema, Formosa Plastics Corp with the revenue market share of 19.85%, 16.15% and 7.73% in 2019.
BASF is a German chemical company and the largest chemical producer in the world. The BASF Group has subsidiaries and joint ventures in more than 80 countries, and has six integrated production bases and 390 other production bases in Europe, Asia, Australia, the Americas and Africa. Its headquarters is located in Ludwigshafen, Germany. BASF has customers in more than 190 countries / regions and provides products for various industries. As of the end of 2019, the company employed nearly 120,000 employees and has more than 54,000 employees in Germany.
Arkema is a specialty chemicals and advanced materials company headquartered in France. Founded in 2004, Arkema has more than 20,000 employees in 55 countries and regions, 13 research centers around the world, and nearly 140 production plants in Europe, North America and Asia, and other parts of the world. Arkema is divided into three business units: coating solutions, industrial chemicals and performance products.
Segmentation Overview:
Among different product types, Content 99%-99.8% segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Adhesives segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global 2-Ethylhexyl Acrylate market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global 2-Ethylhexyl Acrylate Market Report:
Market Size Estimates: 2-Ethylhexyl Acrylate market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: 2-Ethylhexyl Acrylate market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the 2-Ethylhexyl Acrylate market
Segment Market Analysis: 2-Ethylhexyl Acrylate market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: 2-Ethylhexyl Acrylate market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the 2-Ethylhexyl Acrylate Market: Revenue and sales volume of major countries in each region
2-Ethylhexyl Acrylate Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the 2-Ethylhexyl Acrylate market in major regions.
2-Ethylhexyl Acrylate Industry Value Chain: 2-Ethylhexyl Acrylate market raw materials & suppliers, manufacturing process, distributors, downstream customers
2-Ethylhexyl Acrylate Industry News, Policies & Regulations
Key players in the global 2-Ethylhexyl Acrylate market are covered in Chapter 12:
Taixing Jurong Chemical
Ashland
Suzhou Shengyu Chemical
Shanghai Huayi Acrylic Acid
Eastman
KH Chemicals
Formosa Plastics
Arkema
Mitsubishi Chemical
Sunvic Chemical
SRL Chemical
Zhejiang Satellite Petrochemical
Nippon Shokubai
The Toagosei Group
Henan Gp Chemicals
Triveni Chemicals
LG Chem
DowDuPont
BASF
In Chapter 2 and Chapter 15.1, based on types, the 2-Ethylhexyl Acrylate market from 2018 to 2028 is primarily split into:
Purity Grade 98.0%
Purity Grade 99.0%
Others
In Chapter 3 and Chapter 15.2, based on applications, the 2-Ethylhexyl Acrylate market from 2018 to 2028 covers:
Coatings
Textiles
Paper Industry
Leather
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the 2-Ethylhexyl Acrylate market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028