Global 2-Ethylhexanol Market Report and Forecast 2024-2032

2-Ethylhexanol Market Size

The global 2-ethylhexanol market size reached approximately USD 6.05 billion in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 9.54 billion by 2032.

Key Trends in the Market

2-ethylhexanol (2-EH) is an organic compound that is soluble in most organic solvents, the colourless eight carbon chiral alcohol is used as a precursor for production of chemicals such as plasticisers and emollients, among others. The chemical formula for 2-ethyhexanol is C8H18O.

• The major players of the market are heavily investing in the research and development activities in order to improve product specification, develop simpler methods to process 2-ethylhexanol, and to improve their application scope, bolstering the 2-ethylhexanol market demand.

• The rising applications of 2-ethylhexanol in the development of chemicals such as plasticisers, that find applications in various sectors including construction, pharmaceuticals, rubber, automotive, and personal care is supporting the market expansion.

• The rising population, growing urbanisation, and increasing disposable incomes of consumers in countries such as India and China have augmented the demand for new houses and the requirement for renovating old buildings, offering lucrative growth opportunities to the market.

• The utilisation of 2-ethyhexane in the production of acrylic polymers that have high sunlight and weathering resistance and water resistance is further supporting the market expansion in various regions across the globe.

2-Ethylhexanol Market Analysis

Based on application, the market is divided into 2-EH acrylate, 2-EH nitrate, and plasticisers, among others. By end use, the market is classified into paint and coatings, adhesives, and industrial chemicals, among others. On the basis of region, the 2-ethylhexanol market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• BASF SE

• The Dow Chemical Company

• Eastman Chemical Company

• Mitsubishi Chemical Corporation

• Saudi Basic Industries Corporation

• INEOS Capital Limited

• Nan Ya Plastics Corporation

• Grupa Azoty Kedzierzyn

• The Andhra Petrochemicals Limited

• Others

Market Share by Application

Plasticisers accounted for a significant 2-ethylhexanol market share over the historical period and are expected to do so over the forecast period as well owing to their rising applications in paints, adhesives and sealants, rubber products, and printing inks. They act as an additive and are used for increasing the flexibility and durability of the plastic materials. DOP and DOA plasticisers, prepared using 2-ethylhexanol are widely used in various sectors including construction, packaging, automotive, and textiles. The expansion of these sectors is also boosting the demand for 2-ethylhexanol across the globe.

Market Share by Region

The Asia Pacific is anticipated to account for a significant share of the market owing to the rapid industrial and economic growth in countries such as India and China. Rising disposable incomes and increasing renovation activities have propelled the requirement for paints and coatings and adhesives, supporting the market expansion. The expansion of the food and beverages, consumer goods, and cosmetics sectors have increased the demand for adhesives for packaging applications, aiding the 2-ethylhexanol market growth in the Asia Pacific.

Competitive Landscape of 2-Ethylhexanol Industry

BASF SE was founded in 1865 and is headquartered in Rhineland-Palatinate, Germany. The portfolio of the chemical manufacturing company comprises of various segments including industrial solutions, nutrition and care, chemical materials, agricultural solutions, and surface technologies, among others.

The Dow Chemical Company is a chemical manufacturing company that was founded in 1897 and is headquartered in Michigan, United States. The company produces and supplies raw materials for products in various industries including electronics, oil and gas, agricultural and automotive, among others.

Eastman Chemical Company was established in 1920 and has their headquarters located in Tennessee, United States. The speciality chemical manufacturing company produces a wide range of products found in items essential for everyday use.

Other 2-ethylhexanol market key players include Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, INEOS Capital Limited, Nan Ya Plastics Corporation, Grupa Azoty Kedzierzyn, and The Andhra Petrochemicals Limited, among others.

Key Highlights of the Report