Global Market Study on 2-Ethylhexanol: Chemical Intermediates & Solvent Applications - Major Demand Drivers


2- Ethylhexanol  Market
  • Published On : Sep-2019 |
  • Pages : 163 Pages |
  • Format : 2- Ethylhexanol  Market 2- Ethylhexanol  Market 2- Ethylhexanol  Market 2- Ethylhexanol  Market

The global demand for 2-ethylhexanol is directly correlated to its increasing application in chemical intermediates, coatings & paints industry among others. While 3/4th of the global 2-ethylhexanol consumption is accounted by chemical intermediates & solvents, 2-ethylhexanol is also widely used during the manufacturing process. Moreover, rising demand from manufacturers of 2-ethyl hexyl acrylate, which is used in the manufacturing of emulsion paints and surface coatings, have propelled the market growth for 2-ethylhexanol.

Furthermore, developing regions, such as South Asia and Pacific and MEA, are estimated to witness a steady growth spurred by rapid economic development. These regions are estimated to hold a prominent share in the 2-ethylhexanol market during the forecast period. Moreover, the Asia Pacific region had substantially gained significant market share compared to North America & Europe.

global 2 ethylhexanol market

Safe 2-EH Characteristics Driving Applicability in Agrochemicals

2-ethylhexanol products have been listed as ‘Inert Ingredients Permitted for Use in Non-food Use Pesticide Products, and in Food Use Pesticide Products with Limitations’ under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) by regulatory bodies, such as the U.S. EPA. This has been translating into preferred applications of 2-ethylhexanol in agrochemicals, such as pesticides.

Upsurge in Extractive Metallurgy Operations Fueling Market Growth

Recently, there has been an impressive volume growth in the chemical intermediates & solvents segment of the 2-ethylhexanol market, which is directly contributing to the growth of 2-ethylhexanol market. Furthermore, esters of 2-ethylhexanol have also been gaining increasing importance as a feedstock in the manufacturing of plasticizers and lubricants. These factors are expected to continue to drive this segment’s growth in the global 2-ethylhexanol market in the near future.

Low Volume Delivery Requirements Pushing Consumption Volume

2-ethylhexanol delivery requirements for smaller quantities ranging from 1,000 to less than 10,000 liters entails the use of small drum volumes or intermediate bulk containers (IBCs) for delivery. Besides, IBCs are reusable, can be easily stacked, are easy to handle during transport, and have been proven to be a preferred choice in case of small deliveries over short distances. As a result, distributors of relatively smaller volumes of 2-ethylhexanol have been preferring drums & IBCs as the mode of delivery to their clients, such as small-scale manufacturing plants that produce coatings, paints, plastics, agrochemicals, etc.

Local/Regional Distributors Playing a Vital Role in Efficient Sales Deliveries

Expansion of business by manufacturers of 2-ethylhexanol into new geographical locations has been translating into business opportunities for local & regional distributors to collaborate with manufacturers for more efficient and fast sales deliveries, thereby augmenting the market size. This is expected to positively impact the market in near future.

Advancing Technologies Penetrating the Field of 2-EH Manufacturing

LP Oxo (Low pressure oxo alcohols) technology is proving to be a leading technology for use in the manufacture of oxo alcohols, such as 2-Ethylhexanol, from olefins. In the near future, this is expected to contribute to the growth of 2-ethylhexanol in agrochemical applications as well.

Asia Pacific’s Market Set to Witness Robust Growth

In terms of market attractiveness by CAGR index, the Asia Pacific region is expected to remain the most attractive, over the forecast period. A high growth rate due to considerable industrial activity in the region is expected to contribute to the rising demand. Massive demand for 2-ethylhexanol from countries such as China, India and the Rest of Asia Pacific are expected to contribute to the growth of the regional market.

The Asia Pacific region had substantially gained significant market share compared to North America & Europe historically as well.

Analyzing the Increasing Influence of Regional Players

The global 2-Ethylhexanol market is evenly balanced between large players, who hold ~40-50% share in the overall market, with presence through regional and local distributors. Key strategies are the expansion of production capacities and focus on mergers and acquisitions to increase their global and regional footprint in the 2-Ethylhexanol market.

The Analyst’s Viewpoint

A widespread view of the 2-ethylhexanol market has led analysts to conclude that the market is growing at an impressive rate with Asia Pacific and North America holding a large share of the global 2-ethylhexanol market. The Asia Pacific 2-ethylhexanol market is expected to be an opportunistic market in terms of sales. Increasing demand from chemical manufacturing and agrochemical industry will positively impact the 2-ethylhexanol market.

The 2-ethylhexanol market is characterized by the presence of few big players from Europe and the Asia Pacific region. The flexitanks sector is expected to dominate the global 2-ethylhexanol market throughout the forecast period. However, the impact of unfavorable regulations encouraging the adoption of 2-ethylhexanol substitutes are likely to hinder the market growth globally.

Technological innovations by key market participants will also give impetus to the 2-ethylhexanol market. The scope of increasing applications related to the use of 2-ethylhexanol is estimated to bolster the growth of the market during the forecast period.

Persistence Market Research (PMR) recently published a market study on the global market for 2-ethylhexanol. The study provides detailed assessment on the key market dynamics, including the drivers, trends, opportunities restraints, and detailed information about the 2-ethylhexanol market structure. The market study presents exclusive information about how the 2-ethylhexanol market will grow during the forecast period of 2019-2029.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the 2-Ethylhexanol market during the forecast period.

The study is relevant for stakeholders in the 2-ethylhexanol market, including 2-ethylhexanol manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the 2-ethylhexanol market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in PMR’s study.

The study also includes statistics as well as facts related to the macro as well as microeconomic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the 2-ethylhexanol market. Furthermore, small businesses and new entrants in the 2-ethylhexanol market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the 2-Ethylhexanol Market

PMR’s study on the 2-ethylhexanol market is divided into three significant segments, such as delivery form, application and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Delivery Form

Application

   Region

  • Bulk Containers
  • Coatings and Paints
  • North America
  • Flexitanks
  • Chemical Intermediates and Solvents
  • Latin America
  • Drums/IBC
  • Agrochemicals
  • Europe
  • Metallurgy
  • Asia Pacific
  • Middle East and Africa (MEA)

Key Questions Answered in PMR’s 2-Ethylhexanol Market Report

  • Which regions will continue to remain the most profitable regional markets for 2-ethylhexanol market players?
  • Which factors will induce a change in the demand for 2-Ethylhexanols during the assessment period?
  • How will changing trends impact the 2-Ethylhexanol market?
  • How can market players capture the low-hanging opportunities in the 2-Ethylhexanol market in developed regions?
  • Which companies are leading the 2-ethylhexanol market?
  • What are the winning strategies of stakeholders in the 2-ethylhexanol market to upscale their position in this landscape?

2-Ethylhexanol Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the 2-Ethylhexanol market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.

Secondary resources referred to analysts during the production of the 2-ethylhexanol market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the 2-ethylhexanol market, and makes PMR’s projection on the growth prospects of the 2-ethylhexanol market more accurate and reliable.

Companies covered in 2- Ethylhexanol Market Report

Company Profiles 

  • OXEA GmbH
  • LG Chem Ltd.
  • BASF SE
  • China Petroleum & Chemical Corp (Sinopec Corporation)
  • Eastman Chemical Company 
  • Nan Ya Plastics Corp. 
  • Grupa Azoty S.A. 
  • INEOS Holdings Limited
  • SABIC
  • Mitsubishi Chemical Corporation
  • Tianjin Bohua Yongli Chemical Industry Co., Ltd
  • Perstorp Orgnr
  • Henan GP Chemicals Co.,Ltd
  • Mosselman s.a.
  • Oltchim S.A.
  • Sigma-Aldrich Co. LLC.
  • Sibur
  • Elekeiroz S.A.
  • Shazand Petrochemical Company
  • The Andhra Petrochemicals Ltd.

 

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