Market Overview:
The global 2-ethyl hexyl lactate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for 2-ethyl hexyl lactate in various applications such as coatings, additives, and others. In terms of region, North America is expected to lead the global 2-ethyl hexyl lactate market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
2-Ethyl Hexyl Lactate is a clear, colorless liquid that has a faint fruity odor. It is used as an artificial flavor in food and beverage products.
Purity:97%:
2-Ethylhexyl lactate, also known as 2-EH or EH, is a transparent liquid with a mild pleasant odor. It is insoluble in water and ethanol but forms an easily soluble solution in diethyl ether. The product has an optical purity of more than 99% and imparts no color to the reaction mixture.
Purity:90%:
2-Ethylhexyl lactate or Purity:90% is a transparent liquid with a mild odor. It is used as an industrial solvent and in pharmaceuticals. The product has applications in various industries including cosmetics, rubber, and oil where it is used as solvents for paints & coatings; fragrances; printing inks; adhesives & sealants among others.
Application Insights:
The other application segment includes plasticizers, adhesives and sealants, coatings, inks and printing inks. The coating segment is expected to witness the fastest growth over the forecast period followed by additive. Other applications include industrial cleaners (household cleaning products), deodorizers (personal hygiene products) and lubricants (automotive).
Coating was the largest application of 2-ethyl hexyl lactate accounting for over 30% of global consumption in 2015. It is widely used as a film former or hardener depending upon its purity level which comprises either alkyl ammonium groups or primary amine groups respectively.
Regional Analysis:
Asia Pacific was the largest market for GEH with a revenue share of over 40.0% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing product demand from various application industries in emerging economies such as China, India, and Japan. In addition, growing industrialization coupled with rising living standards has resulted in an increase in consumer spending on household goods including paints and coatings which will propel industry growth over the coming years.
The European 2-ethyl hexyl lactate (EHLC) market is anticipated to grow at a significant rate due to stringent government regulations regarding VOC emissions coupled with environmental concerns pertaining towards these compounds especially during manufacturing processes and end-use applications are driving industry growth across Europe particularly Germany, U.K.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, personal care products, and pharmaceuticals
- Rising awareness about the benefits of 2-ethyl hexyl lactate among consumers
- Growing popularity of natural ingredients in cosmetic formulations
- Technological advancements in the production of 2-ethyl hexyl lactate
- Expansion of distribution channels
Scope Of The Report
Report Attributes
Report Details
Report Title
2-Ethyl Hexyl Lactate Market Research Report
By Type
Purity:97%, Purity:90%
By Application
Coating, Additive, Other
By Companies
BASF, Eastman, Changzhou XiaQing Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global 2-Ethyl Hexyl Lactate Market Report Segments:
The global 2-Ethyl Hexyl Lactate market is segmented on the basis of:
Types
Purity:97%, Purity:90%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Additive, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Eastman
- Changzhou XiaQing Chemical
Highlights of The 2-Ethyl Hexyl Lactate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity:97%
- Purity:90%
- By Application:
- Coating
- Additive
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 2-Ethyl Hexyl Lactate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
2-Ethyl Hexyl Lactate is a chemical compound with the formula C6H10O4. It is a colorless liquid that has a sweet, fruity odor. 2-Ethyl Hexyl Lactate is used in cosmetics and as a food additive to improve flavor and stability.
Some of the major players in the 2-ethyl hexyl lactate market are BASF, Eastman, Changzhou XiaQing Chemical.
The 2-ethyl hexyl lactate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 2-Ethyl Hexyl Lactate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 2-Ethyl Hexyl Lactate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 2-Ethyl Hexyl Lactate Market - Supply Chain
4.5. Global 2-Ethyl Hexyl Lactate Market Forecast
4.5.1. 2-Ethyl Hexyl Lactate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 2-Ethyl Hexyl Lactate Market Size (000 Units) and Y-o-Y Growth
4.5.3. 2-Ethyl Hexyl Lactate Market Absolute $ Opportunity
5. Global 2-Ethyl Hexyl Lactate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
5.3.1. Purity:97%
5.3.2. Purity:90%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 2-Ethyl Hexyl Lactate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
6.3.1. Coating
6.3.2. Additive
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 2-Ethyl Hexyl Lactate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global 2-Ethyl Hexyl Lactate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global 2-Ethyl Hexyl Lactate Demand Share Forecast, 2019-2026
9. North America 2-Ethyl Hexyl Lactate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
9.4.1. Coating
9.4.2. Additive
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
9.7.1. Purity:97%
9.7.2. Purity:90%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America 2-Ethyl Hexyl Lactate Demand Share Forecast, 2019-2026
10. Latin America 2-Ethyl Hexyl Lactate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
10.4.1. Coating
10.4.2. Additive
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
10.7.1. Purity:97%
10.7.2. Purity:90%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America 2-Ethyl Hexyl Lactate Demand Share Forecast, 2019-2026
11. Europe 2-Ethyl Hexyl Lactate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
11.4.1. Coating
11.4.2. Additive
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
11.7.1. Purity:97%
11.7.2. Purity:90%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maret Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe 2-Ethyl Hexyl Lactate Demand Share, 2019-2026
12. Asia Pacific 2-Ethyl Hexyl Lactate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
12.4.1. Coating
12.4.2. Additive
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
12.7.1. Purity:97%
12.7.2. Purity:90%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific 2-Ethyl Hexyl Lactate Demand Share, 2019-2026
13. Middle East & Africa 2-Ethyl Hexyl Lactate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Application
13.4.1. Coating
13.4.2. Additive
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa 2-Ethyl Hexyl Lactate Market Size and Volume Forecast by Type
13.7.1. Purity:97%
13.7.2. Purity:90%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa 2-Ethyl Hexyl Lactate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global 2-Ethyl Hexyl Lactate Market: Market Share Analysis
14.2. 2-Ethyl Hexyl Lactate Distributors and Customers
14.3. 2-Ethyl Hexyl Lactate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eastman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Changzhou XiaQing Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook