Global 2-Ethylhexanol Market is valued at approximately USD 5.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.9% over the forecast period 2022-2029. 2-Ethylhexanol is an organic compound with the chemical formula C8H18O that is a branched eight-carbon chiral alcohol. It is a colourless liquid that dissolves in most organic solvents compared to water. The increasing demand for 2-ethylhexanol acrylate, flourishing growth of the automotive sector, and increase in disposable income are the prominent factors that are accelerating the market growth around the world.
According to a Statista analysis, in 2017 it was estimated that the global automotive industry generated a revenue of USD 5,315 billion, which is expected to reach USD 8,931 billion by 2030. Consequentially, the development of the automotive industry is propelling the demand for 2-Ethylhexanol, which, in turn, accelerates market development worldwide. Moreover, the growing investments in R&D activities and rising demand from the manufacturing sector are presenting various lucrative prospects for market growth over the forecasting years. However, restricted growth of Dioctyl Phthalate (DOP) is hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global 2-Ethylhexanol Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the thriving growth of the end-use industries and development of the emerging economies such as India and China. Whereas, Latin America is expected to grow with the highest CAGR during the forecast period. Factors such as the rising middle-class population, coupled with the increasing demand for houses, cars, and apartments are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
The Dow Chemical Co.
BASF SE
Eastman Chemical Company
Sigma-Aldrich
SABIC Industries Ltd.
Tianjin Zhongxin Chemtech Co., Ltd.
Mitsubishi Chemical Corporation
LG Chem, Ltd.
Formosa Plastic Group
INEOS Holdings Limited
Recent Developments in the Market:
In June 2022, Perstorp- a leading speciality chemicals innovator announced the launch of the world's first 2-Ethylhexanol partly based on renewables. The product is a 25% renewable raw material as per the traceable mass balance concept, which is designed to lessen the carbon footprint via the value chain and is used to support sustainable sourcing of renewable and recycled raw materials.
Global 2-Ethylhexanol Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the market's future growth. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Plasticizers
2-EH Acrylate
2-EH Nitrate
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
