Large amounts of 2-ethylhexanol produced around the world is utilized in the manufacturing of various types of plasticizers such as phthalate and non-phthalate plasticizers. Among these types of plasticizers, phthalates are basically phthalic acid, and they are utilized in a wide range of end-use industries owing to its processing and performance characteristics.
Leading players in the 2-ethylhexanol market are noting that phthalates account for nearly half the global consumption of plasticizers, and consequently, they are aiming to capitalize on the growing demand for 2-ethylhexanol in the phthalates industry. On the other hand, non-phthalates are plasticizers that do not include any phthalates but comprise of various other components such as diisononyl cyclohexane dicarboxylate (Hexamoll DINCH), bio-based plasticizers, and diethylhexyl terephthalate (DEHT).
Taking into consideration that plasticizers are commonly used across various applications owing to their chemical properties such as durability, flexibility, utility of materials, and longevity, leading players in the 2-ethylhexanol market are aiming to cater to the specific needs of players in the plasticizers industry. In the coming years, the demand for 2-ethylhexanol is expected to remain significantly high in areas such as automotive production, construction/remodelling, and original equipment manufacturers (OEMs).
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Large amounts of 2-ethylhexanol produced around the world is utilized in the manufacturing of various types of plasticizers such as phthalate and non-phthalate plasticizers. Among these types of plasticizers, phthalates are basically phthalic acid, and they are utilized in a wide range of end-use industries owing to its processing and performance characteristics.
Leading players in the 2-ethylhexanol market are noting that phthalates account for nearly half the global consumption of plasticizers, and consequently, they are aiming to capitalize on the growing demand for 2-ethylhexanol in the phthalates industry. On the other hand, non-phthalates are plasticizers that do not include any phthalates but comprise of various other components such as diisononyl cyclohexane dicarboxylate (Hexamoll DINCH), bio-based plasticizers, and diethylhexyl terephthalate (DEHT).
2-ethylhexanol is one of the most commonly used chemicals in the manufacturing of other industry-grade chemical components such as acrylate, plasticizers, and nitrate. These components find immense applications in different industrial landscapes including automotive, construction, plastic, pharmaceuticals, and rubber. While most stakeholders are focusing on bolstering their investments in these end-use applications, increasing growth of the construction and paints & coatings industries is expected to influence major trends in the global 2-ethylhexanol market in the coming years.
2-Ethylhexanol Market: Region-wise Analysis
Based on the geographical factors, the 2-ethylhexanol market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The Asia Pacific region holds the largest share in growth of the 2-ethylhexanol market, where China remains a dominant player – accounting for nearly half the revenue share of the 2-ethylhexanol market in Asia Pacific.
In developing countries across Asia Pacific including China, India, Indonesia, and Vietnam, the demand for 2-ethylhexanol is mainly driven by its applications in the plasticizers industry. Furthermore, the building & construction industry in the industry in Asia Pacific is undergoing an architectural boom, creating new potential for 2-ethylhexanol manufacturers in the region. Leading players are expected to focus on offering 2-ethylhexanol for commercial construction and low-cost housing projects in Asia Pacific, to gain momentum in the region.
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China is expected to emerge as the top market for 2-ethylhexanol, as the governing bodies in the country are bolstering the development of infrastructures across various sectors. The government of China introduced its 13th five-plan plan, which shows the rapid development of roadways, highways, railways, waterways, urban rails, and airports in the country. Furthermore, the country is also a global leader in automotive production, which also opens new growth opportunities for the manufacturers of 2-ethylhexanol in China.
2-Ethylhexanol Market: Competitive Landscape
- Dow Chemical Company
- INEOS Holdings Limited
- SABIC
- Chengdu XiYa Chemical Technology Co., Ltd.
- Formosa Plastic Group
- Eastman Chemical Company
- Tianjin Zhongxin Chemtech Co., Ltd.
- Eastman Chemical Company
- Elekeiroz S.A.
- Mitsubishi Chemical
- Zak S.A,
- Meryer (Shanghai) Chemical Technology Co.,
2-Ethylhexanol Market: Segment Analysis
The 2-ethylhexanol market can be segmented on the basis of the following:
By Type
- Sapphire
- Ruby
- Emery
By Application
- Plasticizers
- 2-EH nitrate
- 2-EH acrylate
- Others
Report Highlights
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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