Global 2- Ethylhexanol (2-EH) Market, By Application (Plasticizers, 2-Ethylhexyl Acrylate, 2-Ethylhexyl Nitrate, Others), End User (Construction/Remodelling, Automotive Production, Original Equipment, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global 2-Ethylhexanol (2-EH) Market
Data Bridge Market Research analyses the 2-ethylhexanol (2-EH) market will exhibit a CAGR of 5.6% for the forecast period of 2022-2029.
2-Ethylhexanol is a white liquid that is quite soluble in water and soluble in a variety of organic solvents. 2-Ethylhexanol is an important ingredient in the production of lubricants, plasticizers, and other chemical products. Aldol condensation of n-butyraldehyde and subsequent hydrogenation of hydroxy aldehyde are used in commercial production. It's mostly used to make dioctyl phthalate and other low-volatility esters. Coatings and the heavy metal industries both use it. 2-Ethylhexanol (2-EH) possesses a number of distinguishing characteristics, including high sturdiness, long-term stability, low volatility, and low cost.
The rise in the development of LP Oxo technology will influence the growth rate of the 2-ethylhexanol (2-EH) market. The surging demand for chemicals from various end-use industries and high demand for coating and paint like 2-ethylhexanol (2-EH) from the construction sector are the key elements driving market expansion. The 2-ethylhexanol (2-EH) market is also being driven by factors such as the growing level of disposable income and increasing urbanization. Furthermore, strict norms on industrial emissions will increase the demand for high performance fuels and will further enhance the growth rate of 2-ethylhexanol (2-EH) market. Also, high demand from plasticizer manufacturing industries will act as a major factor influencing the growth of 2-ethylhexanol (2-EH) market.
Moreover, technological advancement and modernization will create beneficial opportunities for the growth of the 2-ethylhexanol (2-EH) market. Additionally, untapped potential in emerging market will provide lucrative opportunities for market’s growth.
However, fluctuation in the prices of raw material will hamper the 2-ethylhexanol (2-EH) market’s growth rate. Also, reduction in the trends of dioctyl phthalate and regulations on the utilization of 2-ethylhexanol (2-EH) will further pose challenges to the growth of 2-ethylhexanol (2-EH) market. The side effects of 2-ethylhexanol (2-EH) on humans such as dizziness, headache, sore eyes and throat irritation will act as market restrains and further impede the growth rate of 2-ethylhexanol (2-EH) market.
This 2-ethylhexanol (2-EH) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 2-ethylhexanol (2-EH) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 2-Ethylhexanol (2-EH) Market Scope and Market Size
The 2-ethylhexanol (2-EH) market is segmented on the basis of application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the 2-ethylhexanol (2-EH) market is segmented into plasticizers, 2-ethylhexyl acrylate, 2-ethylhexyl nitrate and others.
- Based on end user, the 2-ethylhexanol (2-EH) market is segmented into construction/remodelling, automotive production, original equipment and other.
2-Ethylhexanol (2-EH) Market Country Level Analysis
The 2-ethylhexanol (2-EH) market is analysed and market size, volume information is provided by country, application and end user as referenced above.
The countries covered in the 2-ethylhexanol (2-EH) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the 2-ethylhexanol (2-EH) market and will continue to flourish its trend of dominance due to the growth in the demand for phthalate plasticizers in emerging economies such as China, India, Indonesia and Vietnam. Additionally, technological development and high disposable income will increase the growth rate of the market in this region. North America is expected to grow during the forecast period of 2022-2029 due to the rising number of applications of chemical industry and increase in construction activities in this region.
The country section of the 2-ethylhexanol (2-EH) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global 2-Ethylhexanol (2-EH) Market Share Analysis
The 2-ethylhexanol (2-EH) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 2-ethylhexanol (2-EH) market.
Some of the major players operating in the 2-ethylhexanol (2-EH) market are Shandong Haiwang Chemical Co., Ltd, TIANJIN ZHONGXIN CHEMTECH CO.,LTD.(ZX CHEMTECH), Formosa Plastics Corporation, OQ Chemicals GmbH, SABIC, LG Chem, Dow, BASF SE, Eastman Chemical Company, Merck KGaA, Mitsubishi Chemical Corporation., Elekeiroz, Grupa Azoty S.A., INEOS, Evonik Industries AG, Exxon Mobil Corporation, Arkema, Sasol Limited, and The Andhra Petrochemicals Limited., among others.
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