Global 2-Ethylhexanol Market 2019-2023
2-Ethylhexanol is type of oxo alcohol with eight- carbon branched chains. It is a colorless liquid with mild odor and high boiling point. It has high solubility in various organic solvents.
Technavio’s analysts forecast the global 2-ethylhexanol market to grow at a CAGR of 5.03% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global 2-ethylhexanol market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of 2-ethylhexanol in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 2-Ethylhexanol Market 2019-2023
Technavio recognizes the following companies as the key players in the global 2-ethylhexanol market: BASF, DowDuPont, Eastman Chemical Company, INEOS, Mitsubishi Chemical, SABIC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing adoption of biodegradable mulches. Farmers are moving toward eco-friendly alternatives such as biodegradable mulches due to the challenges related to the disposal of agricultural films.”
According to the report, one of the major drivers for this market is the increase in demand from developing countries. The vendor in the market are shifting their manufacturing activities to these developing countries, due to chap labor, availability of raw material and less stringent government regulations and policies.
Further, the report states that one of the major factors hindering the growth of this market is the threat of substitutes. The preference for these plasticizers in various applications, such as paints and coatings, automotive, and adhesive and sealants, is expected to hinder the growth.
Eastman Chemical Company