Rising Demand from Construction Industry Drives 2-ethylhexyl Acrylate Market
The global 2-ethylhexyl acrylate market, along with its end products, has witnessed a significant growth in the past few years and this growth is estimated to increase in the coming years. 2-ethylhexyl acrylate is one of the basic organic chemical raw materials mainly used in the production of coatings, adhesives, superabsorbents, thickeners, plastic additives, and so on. The quality, high efficiency, and weatherability are some of the major features that drive the demand for 2-ethylhexyl acrylate market, globally; and the upcoming safety regulations & innovative techniques for its use will be the key influencing factors for the global 2-ethylhexyl acrylate market in the coming years.The 2-ethylhexyl acrylate market is experiencing enormous growth, which is expected to continue in the coming years, mainly driven by the rapidly-growing Asia-Pacific, Europe, and North American regions. A considerable amount of investments have been made by various market players to serve the end-user application industries of the market for the coming years. The Asia-Pacific region accounted for 38% of the global demand in 2014. The region is further expected to show high growth during the forecast period of 2014 to 2019, mainly owing to the high growth potential of countries such as China and India. This trend is expected to continue in the coming years as this segment is closely linked with infrastructure investment and China is expected to see 40% of future global infrastructure investment.Almost 36% of the total 2-ethylhexyl acrylate demand was for the surface coatings applications in 2014. The adhesives & sealants segment is expected to be the fastest-growing segments during the given forecast period, primarily due to its high penetration across all the regions.
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