2-EH Industry Size, Share, Demand & Growth by 2033
The 2-EH industry is estimated to capture a CAGR of 6.8% during the forecast period. The market is estimated to reach a valuation of US$ 12.7 billion by 2033, improving from the current valuation of US$ 6.5 billion in 2023.
How is the Demand for 2-EH Increasing in
the Chemical Sector?
Several factors
significantly drive the demand for 2-EH in the chemical sector. These factors
are:
- Growing
Construction and Infrastructure Projects: The demand for 2-EH rapidly grows in the chemical
sector as a plasticizer for PVC resins. It is widely used for PVC-based
materials such as fitting and pipes during the forecast period.
- Increasing
Demand for Coatings and Paints: The increasing demand for coatings and paints in the chemical sector
is fueling the global market. 2-EH is a key component with solvent
properties, coalescing abilities, and viscosity control. The various
sectors, such as automotive, industrial, and construction applications,
increase the demand for 2-EH.
- Growing
Apparel and Textile Industry: The rising demand for 2-EH as a plasticizer and solvent in printing
and dyeing processes drives the market growth. The rising global
population is surging the textile and apparel industry, increasing the
adoption of 2-EH.
- Emerging
Economies: The growing
industries, urbanization, and infrastructure activities are increasing the
demand for chemical products, including 2-EH. The increasing construction
and automotive sectors in countries are fueling the global market.
- Shifting
Regulations Landscape: The government imposed stringent regulations on environmental safety
on several chemical ingredients. Various companies seek to comply with
regulations that increase the preferences of 2-EH in certain applications.
These are a few factors that
increase the demand for 2-EH in the chemical sector. The market is estimated to
be influenced by economic conditions, advanced technologies, and geographical
developments during the forecast period.
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Key Takeaways in 2-EH Market:
- The 2-EH market is estimated to secure a
valuation of US$ 12.7 billion with a CAGR of 6.8% during the forecast
period.
- The United States is dominating the global
market by securing a maximum share of 16.6% by 2033.
- Germany is anticipated to capture a share of
8.9% of the global market by 2033.
- With a share of 3.2%, Japan is driving the
global market during the forecast period.
- Australia is estimated to register a share of
0.7% in the global market during the forecast period.
How Are Key Players Adding Value in the
Global Market?
The market is highly
fragmented by several essential players globally. These players are innovating
various improved and unique products by adopting several marketing
methodologies. These methodologies are mergers, collaboration, product
launches, partnerships, and acquisitions.
These prominent players are
taking feedback to improve their product gap. They are focused on consumers’
requirements and take their efforts to satisfy their desire. These players
advertise and promote their products and services online and offline platforms.
They visit trade shows, seminars, and exhibitions are enhance their brand
reputation and increase sales volume.
About the Chemicals and Materials Division
at Future Market Insights (FMI)
The chemicals and materials division of Future Market
Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and
materials industry. This exhaustive coverage extends from commodity, bulk,
specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives,
recycling and renewable technology developments, and supply-demand-trade
assessment. Our research studies serve as referencing market guidelines for
chemical manufacturers, research institutions, channel partners, and government
bodies for developing — ‘The Way Forward’.
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recipient of the Stevie Award, and a member of the Greater New York Chamber of
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