Global 2-Ethylhexyl Methacrylate (2-EHMA) Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The 2-Ethylhexyl Methacrylate (2-EHMA) market is witnessing significant growth due to its expanding applications in industries such as automotive, adhesives, coatings, and construction. This versatile chemical compound, often used as a monomer in the production of polymers and resins, is experiencing rising demand due to its ability to enhance product durability, flexibility, and water resistance. 2-EHMA is widely used in the formulation of acrylic adhesives, paints, and coatings, particularly in automotive industries where durability and performance are critical.
The market for 2-EHMA is driven by several key factors. First, the increasing demand for adhesives and coatings in construction and automotive industries, where strong, durable materials are essential, is significantly boosting the market growth. Additionally, the ongoing trend towards sustainable and eco-friendly products is pushing companies to explore innovative formulations that incorporate 2-EHMA for its superior properties. The shift toward waterborne coatings, which are considered more environmentally friendly compared to solvent-based alternatives, is also contributing to the rising consumption of 2-EHMA in these sectors.
Another driver for this market's expansion is the growing need for 2-EHMA in high-performance polymers used in the manufacturing of consumer goods and industrial products. The demand for products like paints, coatings, and adhesives that are resistant to extreme weather conditions, abrasion, and UV degradation is rising, which makes 2-EHMA an essential ingredient in these formulations.
Geographically, the Asia-Pacific region is leading the 2-EHMA market due to the rapid industrialization, growing automotive sector, and booming construction activities. In countries like China and India, the demand for adhesives and coatings is escalating, thus driving the growth of 2-EHMA production and consumption.
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Mitsubishi Rayon
Evonik
NOF Corporation
BASF Group
MITSUBISHI GAS CHEMICAL
Kyoeisha Chemical
Fushun Anxin Chemical
Shanghai Hechuang Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2-Ethylhexyl Methacrylate (2-EHMA) Market
Paints and Coatings
Adhesive and Sealants
Fiber Treatment Agents
Others
Based on Types the Market is categorized into Below types that held the largest 2-Ethylhexyl Methacrylate (2-EHMA) market share In 2023.
Esterification Type
Transesterification Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2-Ethylhexyl Methacrylate (2-EHMA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2-Ethylhexyl Methacrylate (2-EHMA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2-Ethylhexyl Methacrylate (2-EHMA) Market, By Type
6. Global 2-Ethylhexyl Methacrylate (2-EHMA) Market, By Application
7. Global 2-Ethylhexyl Methacrylate (2-EHMA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 2-Ethylhexyl Methacrylate (2-EHMA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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