Global 2-Ethylhexanol market size 2024, Forecast To 2033
27 Feb, 2024
The 2-ethylhexanol market size has witnessed robust growth in recent years, escalating 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 finds its roots in various sectors including plasticizers production, coating and paint industry, plastic production, surfactants and detergents, and chemical intermediates. The market is poised for substantial expansion in the coming years, projected to reach$7.85 billion in 2028 with a CAGR of 7.1%. This anticipated growth stems from the escalating usage of cleaning products, a shift towards green chemistry, global economic factors, regulatory changes impact, and increased demand for adhesives. Major trends in the forecast period encompass quality paints and coatings, industrialization in developing markets, adhesives and sealants usage, automotive sector utilization, and surfactants for detergents.
Global 2-Ethylhexanol Market Key Driver
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. The 2023 market size of the 2-ethylhexanol market was significant, as it surged due to the increasing demands from the automotive sector. Furthermore, the 2024 market size is anticipated to exhibit further growth owing to the sustained expansion of the automotive industry.
Get A Free Sample Of The Global 2-Ethylhexanol Market ReportGlobal 2-Ethylhexanol Market Segments
The global 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
By Geography: The regions covered in the 2-ethylhexanol market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major 2-Ethylhexanol Industry Players
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
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2-Ethylhexanol Market Overview
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.
2-Ethylhexanol Global Market Report 2023 provides data on the global 2-ethylhexanol market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The 2-ethylhexanol market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.