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).
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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/remodeling, and original equipment manufacturers (OEMs).
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. 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.
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Market leaders are focusing on catering to major end-use industries such as building & construction, paints & coatings, marine, and transportation, in order to gain momentum in this landscape.
With the growing presence of regional players as well as global leaders in the global 2-ethylhexanol market, which is likely to lead to market fragmentation in the coming years.
Similar to any fragmented market, small- and medium-sized businesses are expected to face intense competition from top chemical companies in the global 2-ethylhexanol market. Small players are establishing their stronghold in regional markets, while global players are leveraging their large distribution networks for expanding their customer bases.
The Dow Chemical Company – an American multinational chemical corporation headquartered in Midland, Michigan, United States – is a leading player in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol to mainly cater to the coatings industry, and also in the heavy metals extractant production plants.
Eastman Chemical Company – an American company primarily involved in the chemical industry – is another major stakeholder in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol that is commonly used in the production of dispersing agents used in pigments pastes.
Another leading player – Zak?ady Azotowe K?dzierzyn is a chemical company based in the city of K?dzierzyn, Opole Voivodeship, southwest Poland. The company offers 2-ethylhexanol to end users in the refining industry, where it is used for enhancing the cetane number, while it also caters to antifoam and foaming agents companies.
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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
- Non-phthalate
- Phthalate
- 2-EH nitrate
- 2-EH acrylate
- Others
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