Global 2-Ethylhexanol Market - Size, Share and Forecast (2017 - 2022)
The growing demand for plasticizers in industrial applications is driving the global 2-ethylhexanol (2-EH) market. 2-Ethylhexanol is a colorless liquid, which is rarely soluble in water and highly soluble in organic solvents. It is industrially produced through aldol condensation of n-butyraldehyde, and subsequent hydrogenation of hydroxyaldehyde. It is used to manufacture low volatility esters, such as, dioctylphthalate. It is also used in low volatility solvents for resins, vegetable oils, animal fats, resins, and petroleum derivatives.Notable Developments in the Market
In January 2017, INEOS acquired Arkema’s Oxo Alcohol business, which included the acquisition of Arkema’s stake in Oxochimie producing oxo alcohols (butanol and 2-ethyl hexanol). Why Purchase the Global 2-Ethylhexanol Market Report?
Know about: the latest regulations & policies of 2-ethylhexanol market. Analyzing various market perspectives with the help of Porter’s five forces analysis. Which segment, on the basis of application, is expected to dominate the 2-ethylhexanol market? Which region is expected to witness the fastest growth during the forecast period? dentify the latest developments, market shares, and strategies employed by the major market players, such as: China National Petroleum Corporation LG Chem Limited Saudi Basic Industries Corporation BASF SE
The major driving factor for 2-ethylhexanol market is the growing demand for the production of phthalate and non-phthalate plasticizers that have important industrial applications. Another important driver for this market is the presence of stringent emission norms that are pushing the demand for high-performance fuels, and further fueling the 2-EH nitrate production. The market is further boosted by the development of Low-Pressure Oxo Technology that can be used for the production of 2-ethylhexanol. Increasing carbon emission levels, along with concerns for developing fuel-efficiency, has presented various opportunities for the growth of 2-EH as a fuel and lube additive, by serving as a cetane improver in diesel engines. On the basis of application type, plasticizers segment held the highest market share, due to various industrial applications of plasticizers.
The major challenge for the global acrylic fibers market is the toxic nature of 2-EH that results in dizziness, headache, throat irritation, and sore eyes. Environmental and health concerns have led to the restrictions on production of dioctyl phthalate (DOTP) in Asian (Korea and Japan) and North American (the United States and Canada) markets.
Areas with Scope for 2-Ethylhexanol Market
Geographically, Asia-Pacific occupied the largest share in the 2-ethylhexanol market, due to the growing demand for manufacturing of plasticizers that can be used in various industrial applications. China held the highest share in the global market. In Europe, the market is dominated by the 2-EH acrylate and 2-EH nitrate applications, as these plasticizers are used to reduce emission levels.