2-Ethyl Hexanol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The 2-Ethyl Hexanol Market is segmented by Application (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Other Applications), End User (Paint and Coatings, Adhesives, Chemicals, Building and Construction, and Other End Users), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

2-ethyl hexanol - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market for 2-ethyl hexanol is expected to register a CAGR of over 5% during the forecast period. The major factor driving the market growth is the increasing demand for 2-EH acrylate from various end-user industries. Moreover, the consumption of plasticizers for the manufacturing of polyvinyl chloride products is driving the demand for the product in the market. The recent outbreak of the COVID-19 is expected to impact the market and foil the growth of the market during the period of forecast.

  • The 2-EH acrylate segment is expected to grow during the forecast period, owing to its applications in different end-user industries, such as paint and coatings, and adhesives.
  • Asia-Pacific is expected to have the largest market share with the major consumption from countries such as China, India, and Japan.

Scope of the Report

The 2-ethyl hexanol market report includes:

Applications
Plasticizers
2-EH Acrylate
2-EH Nitrate
Other Applications
End User
Paint and Coatings
Adhesives
Chemicals
Building and Construction
Other End Users
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Aregentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for 2-EH Acrylate to Propel the Market

  • The demand for 2-EH acrylate from various end-user industries is predicted to increase the product demand in the market during the forecast period. It is used for manufacturing products in industries, such as paint & coatings, construction, and adhesives.
  • In 2019, the global paints and coatings market value is assessed to be around USD 153.9 billion, and it is expected to reach a market value of USD 200 billion by 2025.
  • The global adhesives market value is projected to reach a staggering value of USD 55.8 billion by the end of 2025.
  • By 2020, the total construction activities spending is anticipated to be approximately USD 11.9 trillion, accounting for 13% of the world’s total GDP. It is forecasted to reach a value of USD 14 trillion by the end of 2024.
  • All the aforementioned factors are expected to drive the global 2-ethyl hexanol market during the forecast period.
2-Ethyl Hexanol Market Revenue Share

Asia-Pacific to be the Largest Market for 2-Ethyl Hexanol

  • Asia-Pacific is expected to have the largest market share in the 2-ethyl hexanol market during the forecast period.
  • In 2019, India’s paint industry was the second largest in the world, with a total trade value of approximately INR 57.1 trillion (~USD 0.75 trillion).
  • China is the largest chemical producer in the world, representing over 24% of the chemicals produced. In 2019, all income generated by China from the sales of chemicals was anticipated to be worth more than USD 1,340 billion.
  • It is forecasted that the real estate business in India is projected to reach a market value of USD 180 billion by the end of 2020.
  • Asia-Pacific accounts for 46% of the total spending occurring globally in the building and construction industry, with China contributing the highest from the region, as well as across the world.
  • Thus, the rising demand from various industries is expected to drive the market in the region during the forecast period.
2-Ethyl Hexanol Market Regional Trends

Competitive Landscape

The 2-ethyl hexanol market is partially consolidated. Some of the players operating in the 2-ethyl hexanol market include INEOS, Mitsubishi Chemical Corporation, SABIC, Eastman Chemical Company, and Dow.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for 2-EH Acrylate

      2. 4.1.2 Increasing Consumption of Plasticizers

    2. 4.2 Restraints

      1. 4.2.1 Outbreak of COVID-19 Could Foil the Market Growth

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Applications

      1. 5.1.1 Plasticizers

      2. 5.1.2 2-EH Acrylate

      3. 5.1.3 2-EH Nitrate

      4. 5.1.4 Other Applications

    2. 5.2 End User

      1. 5.2.1 Paint and Coatings

      2. 5.2.2 Adhesives

      3. 5.2.3 Chemicals

      4. 5.2.4 Building and Construction

      5. 5.2.5 Other End Users

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Aregentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow

      2. 6.4.2 BASF SE

      3. 6.4.3 Eastman Chemical Company

      4. 6.4.4 SABIC

      5. 6.4.5 Mitsubishi Chemical Corporation

      6. 6.4.6 LG Chem

      7. 6.4.7 INEOS

      8. 6.4.8 NAN YA PLASTICS CORPORATION

      9. 6.4.9 OXEA GmbH

      10. 6.4.10 Elekeiroz

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The 2-Ethyl Hexanol Market market is studied from 2016 - 2026.

The 2-Ethyl Hexanol Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

INEOS, Mitsubishi Chemical Corporation, SABIC, Eastman Chemical Company, Dow are the major companies operating in 2-Ethyl Hexanol Market.

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