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

The 2-Ethylhexanol Market is segmented by Application (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Other Applications), Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

2-Ethylhexanol Market Snapshot

2-Ethylhexanol Market - 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-ethylhexanol is expected to grow at a CAGR of less than 5% during the forecast period. Major factors driving the market studied are rising demand for plasticizers from, stringent regulations on industrial emissions.

  • The untapped market of 2-ethylhexanol as a fuel and lube additive to act as an opportunity to the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as China, India, etc.

Scope of the report

The 2-ethylhexanol market report includes:

By Application
Plasticizers
Phthalate
Non-phthalate
2-EH Acrylate
2-EH Nitrate
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand of Plasticizers

  • The largest application segment for the 2-ethyl hexanol market is the plasticizer, the plasticizer is further sub-segmented under phthalate and non-phthalate plasticizers. 
  • Phthalates, which are based on phthalic acid, are the main types of plasticizers used to cater to a broad range of processing and performance requirements of a large number of markets. Phthalates segment has accounted for over 50% of the global consumption of plasticizers.
  • Non-phthalates are plasticizers that are free of phthalates. Non-phthalates include DOTP diethylehexyl terephthalate (DEHT), diisononyl cyclohexane dicarboxylate (Hexamoll DINCH), bio-based plasticizers, such as a line of soy-based plasticizers. 
  • Owing to their ability to decrease the viscosity, improve the flexibility, durability, longevity, and utility of the material to which they are added, plasticizers are widely adopted in various industrial applications.
  • Plasticizers are mostly used in industrial applications, such as construction/remodeling, automotive production, and original equipment manufacture (OEM).
  • The surging demand for end user, such as the construction industry, is further helpful in fueling market growth for plasticizers, which in turn drives the demand for global 2-ethylhexanol market in the near future.

2-Ethylhexanol Market Segmentation Trends

Asia-Pacific to Drive the Market Growth

  • Asia-Pacific held the largest share in the 2-ethyl hexanol market. In the Asia-pacific, China alone accounts for almost half of the regional 2-Ethylhexanol Market share.
  • The demand for 2-ethyl hexanol in the region is majorly driven by the 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-ethyl hexanol market.
  • For instance, China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in recent years. Under the 13th five-year plan, the government of China is rapidly increasing infrastructure for railways, highways, waterways, airports, and urban rail.
  • Also, China is the largest producer of the automobile in the world, with the presence of manufacturing bases of almost all the leading automobile companies. The Chinese automotive industry recorded a negative growth rate in 2018 and 2019. However, with upcoming projects on hybrid and EV vehicles, the automotive sector in China will see an upsurge in growth rate over the years.
  • The electronics manufacturing industry is continually shifting toward China, as a result of low cost and increasing demand for electronics products. Growing household income in the country has led to increasing demand for electronic products.
  • The large market size, along with the significant growth rate of Asia-Pacific, is quite instrumental in expansion of the global 2-ethyl hexanol market.
2-Ethylhexanol Market Regional Trends

Competitive Landscape

The global 2-ethylhexanol market is a consolidated market. The major companies include BASF SE, China Petrochemical Corporation (Sinopec), Dow, Eastman Chemical Company, and SABIC, among others.

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 Rising Demand for Plasticizers

      2. 4.1.2 Stringent Regulations on Industrial Emissions

    2. 4.2 Restraints

      1. 4.2.1 Highly Toxic Nature

      2. 4.2.2 Decrease in the Trends of Dioctyl Phthalate

    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 By Application

      1. 5.1.1 Plasticizers

        1. 5.1.1.1 Phthalate

        2. 5.1.1.2 Non-phthalate

      2. 5.1.2 2-EH Acrylate

      3. 5.1.3 2-EH Nitrate

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & 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 BASF SE

      2. 6.4.2 China Petrochemical Corporation (Sinopec)

      3. 6.4.3 Dow

      4. 6.4.4 Eastman Chemical Company

      5. 6.4.5 Elekeiroz

      6. 6.4.6 Formosa Plastic Group

      7. 6.4.7 Grupa Azoty

      8. 6.4.8 INEOS

      9. 6.4.9 LG Chem

      10. 6.4.10 Merck KGaA

      11. 6.4.11 Meryer (Shanghai) Chemical Technology Co. Ltd

      12. 6.4.12 Mitsubishi Chemical Corporation

      13. 6.4.13 OXEA GmbH

      14. 6.4.14 SABIC

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

    1. 7.1 Untapped Market of 2-EH as a Fuel and Lube Additive

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The 2-Ethylhexanol Market market is studied from 2016 - 2026.

The 2-Ethylhexanol 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.

BASF SE, China Petrochemical Corporation (Sinopec), Dow, Eastman Chemical Company, SABIC are the major companies operating in 2-Ethylhexanol Market.

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