Overview and Scope
2-Ethylhexanol is an 8-carbon branched-chain oxo alcohol having a high boiling point and sluggish evaporation charge. It serves as a sequence terminator in synthesizing condensation polymers and as an intermediate for plasticizers.
Sizing and Forecast
The 2-ethylhexanol market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to plasticizers production, coating and paint industry, plastic production, surfactants and detergents, chemical intermediates.
The 2-ethylhexanol market size is expected to see strong growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing cleaning product usage, shift towards green chemistry, global economic factors, regulatory changes impact, rise in adhesive demand.. Major trends in the forecast period include quality paints and coatings, industrialization in developing markets, adhesives and sealants usage, automotive sector usage, surfactants for detergents.
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Segmentation & Regional Insights
The 2-ethylhexanol market covered in this report is segmented –
1) By Type: Sapphire, Ruby, Emery
2) By Delivery Form: Bulk Containers, Flexitanks, Drums Or IBC(Intermediate Bulk Containers)
3) By Application: Plasticizers, Non-phthalate, Phthalate, 2-EH nitrate, 2-EH acrylate, Other Applications
4) By End-User: Paint And Coatings, Adhesives, Chemicals, Building And Construction, Other End Users
Asia-Pacific was the largest region in the 2-ethylhexanol market in 2023. The regions covered in the 2-ethylhexanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing automotive industry is expected to boost the 2-ethylhexanol market going forward. The automotive sector encompasses industries related to motor vehicle production, distribution, retailing, and maintenance. Due to its flexibility, strength, and durability, 2-ethyl hexanol is utilized in the fabrication of plasticized PVC (polyvinyl chloride) in automobiles, which is expected to increase demand for 2-ethyl hexanol. For instance, in May 2022, according to an article published by CEIC Data, a US-based provider of macro and micro economic data insights, 9.17 million units of motor vehicles were produced in the US in December 2021, according to reports. Therefore, the growing automotive industry is driving the growth of the 2-ethylhexanol market.
Key Industry Players
Major companies operating in the 2-ethylhexanol market report are The Dow Chemical Company, BASF SE, Eastman Chemical Company, Saudi Basic Industries Corporation, Grupa Azoty S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Tianjin Bohua Yongli Chemical Industry Co. Ltd., Henan GP Chemicals Co. Ltd., Mosselman S.A., Oltchim S.A., Sigma-Aldrich Co. LLC, SIBUR International GmbH, Elekeiroz S.A., Shazand Petrochemical Company, The Andhra Petrochemicals Ltd., Azotowe KATMdzierzyn, Formosa Plastic Group, Merck KGaA, Meryer (Shanghai) Chemical Technology Co. Ltd., OQ Chemicals, Sinopec, Shandong Jianlan Chemical, China National Offshore Oil Corporation, INEOS Group, Sasol Limited, ExxonMobil Chemical, Evonik Industries AG, Shell plc, Mitsui Chemicals Crop & Life Solutions Inc., PJSC SIBUR Holding
The 2-ethylhexanol market report table of contents includes:
1. Executive Summary
2. 2-Ethylhexanol Market Characteristics
3. 2-Ethylhexanol Market Trends And Strategies
4. 2-Ethylhexanol Market – Macro Economic Scenario
5. Global 2-Ethylhexanol Market Size and Growth
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26. South America 2-Ethylhexanol Market
27. Brazil 2-Ethylhexanol Market
28. Middle East 2-Ethylhexanol Market
29. Africa 2-Ethylhexanol Market
30. 2-Ethylhexanol Market Competitive Landscape And Company Profiles
Top Major Players:
- The Dow Chemical Company
- BASF SE
- Eastman Chemical Company
- Saudi Basic Industries Corporation
- Grupa Azoty S.A
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