The global 2-ethylhexanoic acid market was valued at US$ 850.38 Mn in 2017 and is anticipated to expand at a CAGR of 6.3% from 2018 to 2026, according to a new report titled ‘2-Ethylhexanoic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) . The global 2-ethylhexanoic acid market is driven by rise in the demand for PVB plasticizers and PVC stabilizers. Asia Pacific accounts for a major share of the global 2-ethylhexanoic acid market.
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Increase in demand for 2-ethylhexanoic acid for use as PVB plasticizers to fuel the 2-ethylhexanoic acid market
The plasticizers market in Asia Pacific is expanding, with several regional and medium-sized companies being highly active in the region. Plasticizers with high polarity such as 2-ethylhexanoic acid are highly compatible with PVB (polyvinylbutyral). Demand for 2-ethylhexanoic acid for use in the manufacture of PVB plasticizers is on the rise. PVB plasticizers are, in turn, used in the glass industry. Use of 2-ethylhexanoic acid as a PVB plasticizer imparts superior impact resistance and high tensile strength to the end-product. Rising use of PVB films and sheets in building & construction and infrastructure industries is expected to augment the demand for 2-ethylhexanoic acid during the forecast period.
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Increase in demand for 2-ethylhexanoic acid for PVC stabilization applications to fuel the global 2-ethylhexanoic acid market
Rising demand for chemical stabilizers such as 2-ethylhexanoic acid is ascribed to the ability of 2-ethylhexanoic acid to prevent the elimination of hydrogen and chlorine molecules from the PVC. PVC stabilizers are employed in various applications such as pipes and fittings, window profiles, rigid and semi-rigid films, wires, cable coatings, and flooring. Currently, the demand for PVC stabilizers such as 2-ethylhexanoic acid is driven by significant growth of the building & construction industry in Asia Pacific. 2-Ethylhexanoic acid is suitable for use from environment, health, and safety aspects. These factors are enhancing the demand for 2-ethylhexanoic acid for use in PVC stabilizers.
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Use of 2-ethylhexanoic acid as a corrosion inhibitor presents a key growth opportunity for the 2-ethylhexanoic acid market
Automotive engine cooling systems contain a variety of metals such as copper, brass, steel, cast iron, aluminum, magnesium, and their alloys. Chances of a corrosive attack on such metals is high, due to presence of various ions, high temperatures and pressures, and high flow rates in a majority of cooling systems. Use of 2-ethylhexanoic acid as a corrosion inhibitor prevents failure of engine components. This is anticipated to provide attractive growth opportunities to the 2-ethylhexanoic acid market during the forecast period.
Chemical segment to dominate global 2-ethylhexanoic acid market
Chemical applications of 2-ethylhexanoic acid primarily include polyvinylbutyral plasticizers and PVC stabilizers. When used as a plasticizer, 2-ethylhexanoic acid improves the solubility of polyvinylbutyral. This, in turn, helps in the glass manufacturing process. 2-Ethylhexanoic acid has the ability to prevent emission of hydrogen and chlorine. Thus, it is ideal for use as a PVC stabilizer. 2-Ethylhexanoic acid is used as a chemical intermediate in the manufacture of synthetic lubricants.
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