Global 2-Ethylhexanol Market - Segmented by Application and Geography - Growth, Trends, and Forecast (2018 - 2023)
The market for 2-ethylhexanol is expected to register a significant growth during 2018 to 2023 (the forecast period).The significant growth will be majorly driven by the growing demand for plasticizers in industrial applications.
Growing Demand for Plasticizers in Industrial Applications
The major driving factor for 2-ethylhexanol market is the high demand for production of phthalate and non-phthalate plasticizers, which have important industrial applications, like construction/remodeling, automotive production, and original equipment manufacture (OEM). The largest application segment for 2-ethylhexano market is the plasticizer dioctyl phthalate (DOP), which is used in the manufacture polyvinyl chloride (PVC) products. The growing PVC industry is set to fuel the market growth of the global 2-ethylhexanol market in the forecast period.
2-Ethylhexanol (2-EH) Acrylate Application Segment to Fuel the Market Growth
Among the other applications, 2-EH Acrylate holds the highest market growth rate of the global 2-ethylhexanol market. 2-EH acrylate is majorly used as a reactive building block to produce polymer coatings, adhesives and sealants, superabsorbents, thickeners, and plastic additives. The greatly growing demand for coatings, adhesives and sealants from the end user, like the construction industry, is further helpful in fueling market growth for 2-EH acrylate, which in turn drives the demand for global 2-ethylhexanol market in the near future.
Asia-Pacific to Ignite the Market Growth
By geography, Asia-Pacific held the largest share in the 2-ethylhexanol market. In Asia-pacific, China alone accounts for almost half of the regional market share. The demand for 2-ethylhexanol in the region is majorly driven by growing demand for plasticizers in emerging economies, like China, India, Vietnam, and Indonesia. It even registers the second-highest growth rate in the global 2-ethylhexanol market. The large market size, along with the significant growth rate of Asia-Pacific, is quite instrumental in expansion of the global 2-ethylhexanol market.
Key Developments in the Market
March 2018: Oxea aims to annually produce 60,000 metric ton of dioctyl terephthalate (DOTP), a general purpose non-ortho-phthalate plasticizer, in Europe by the end of 2019. To that effect, Oxea has entered into a cooperation with Oxxynova, a manufacturer of dimethyl terephthalate (DMT).
January 2017: INEOS planned to acquire Arkema’s Oxo Alcohol business, which will include the acquisition of Arkema’s stake in Oxochimie, producing oxo alcohols (butanol and 2-ethyl hexanol).
Major Players: BASF Corporation, China National Petroleum Corporation, LG Chem Limited, Saudi Basic Industries Corporation, INEOS, amongst others.
Reasons to Purchase this Report
Identify the current and future prospects of the global 2-ethylhexanol market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information of the segment that is expected to dominate the market
Identify the region that is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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