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Asia-Pacific 2-Ethylhexanol Market Size, Share & Trends Analysis Report By Application (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Other Applications), By End Use, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 135 Pages
  • December 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6033864
The Asia Pacific 2-Ethylhexanol Market is expected to witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,205.00 kilo tonnes, showcasing a growth of 24.9% (2020-2023).

2-Ethylhexanol serves as a key intermediate in the production of numerous industrial chemicals, particularly phthalate and non-phthalate plasticizers, acrylates, and esters. These chemicals are extensively used in manufacturing PVC products, lubricants, and surfactants. Its chemical properties, such as high boiling point and solvency, make it suitable for diverse chemical processes. Industrial sectors, including textiles, packaging, and electronics, benefit from the adaptability of products derived from 2-ethylhexanol. Hence, in China, 175.12 kilo tonnes of 2-Ethylhexanol are expected to be utilized in industrial chemicals by the year 2031.



The China market dominated the Asia Pacific Industrial Chemicals Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $221.2 million by 2031. The Japan market is registering a CAGR of 5.1% during 2024-2031. Additionally, the India market would capture a CAGR of 6.7% during 2024-2031.

Bio-based plasticizers are increasingly considered environmentally friendly alternatives to traditional petrochemical-based plasticizers, promoting sustainability within packaging, construction, and healthcare industries. Another notable adoption trend is the increasing application of 2-ethylhexanol in the pharmaceutical and food industries. While its use is limited in these sectors, its role as an excipient in drug formulations and as a food-grade solvent has grown as regulatory bodies set more stringent guidelines for food safety and quality.

The market is influenced by several trends that shape its demand and growth. As industries and consumers become more environmentally conscious, the demand for sustainable alternatives to conventional chemicals has risen. The 2-ethylhexanol market is no exception, with companies investing in bio-based alternatives derived from renewable resources. Bio-based plasticizers, for example, are increasingly popular as they are considered safer for human health and the environment. The trend toward green chemistry is expected to continue as regulatory bodies enforce stricter environmental policies.

The market is significantly influenced by India's chemical and petrochemical industry. India is becoming a major player in the global chemical industry, with a market size estimated at $215 billion and projected to reach $300 billion by 2025. The production of major chemicals and petrochemicals reached 26,570 MT in 2022-23 (up to September 2022), reflecting the sector's robust growth. The expanding chemical industry in India increases the availability and application of 2-ethylhexanol in various sectors, including plasticizers, coatings, and adhesives. Given the rising demand for construction materials and automotive components in India’s rapidly growing economy, the compound's role in manufacturing flexible PVC products is particularly crucial.

The increased production and application of 2-ethylhexanol in these major economies drive market growth and innovation. As automotive manufacturers and chemical producers seek to meet the rising demand for high-performance and durable products, the consumption of 2-ethylhexanol is expected to rise significantly. In conclusion, the rising automotive production in China and the growth of the chemical industry in India are pivotal factors propelling the market.

List of Key Companies Profiled

  • BASF SE
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Saudi Basic Industries Corporation (SABIC)
  • Exxon Mobil Corporation
  • Arkema S.A.
  • Celanese Corporation
  • LyondellBasell Industries Holdings B.V.
  • INEOS Group Holdings S.A.
  • Eastman Chemical Company

Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Plasticizers
  • 2-EH Acrylate
  • 2-EH Nitrate
  • Other Applications
By End Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Paints & Coatings
  • Adhesives
  • Industrial Chemicals
  • Other End-uses
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • China
  • Japan
  • Indiaa
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific 2-Ethylhexanol Market, by Application
1.4.2 Asia Pacific 2-Ethylhexanol Market, by End Use
1.4.3 Asia Pacific 2-Ethylhexanol Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific 2-Ethylhexanol Market by Application
4.1 Asia Pacific Plasticizers Market by Country
4.2 Asia Pacific 2-EH Acrylate Market by Country
4.3 Asia Pacific 2-EH Nitrate Market by Country
4.4 Asia Pacific Other Applications Market by Country
Chapter 5. Asia Pacific 2-Ethylhexanol Market by End-use
5.1 Asia Pacific Paints & Coatings Market by Country
5.2 Asia Pacific Adhesives Market by Country
5.3 Asia Pacific Industrial Chemicals Market by Country
5.4 Asia Pacific Other End-uses Market by Country
Chapter 6. Asia Pacific 2-Ethylhexanol Market by Country
6.1 China 2-Ethylhexanol Market
6.1.1 China 2-Ethylhexanol Market by Application
6.1.2 China 2-Ethylhexanol Market by End-use
6.2 Japan 2-Ethylhexanol Market
6.2.1 Japan 2-Ethylhexanol Market by Application
6.2.2 Japan 2-Ethylhexanol Market by End-use
6.3 India 2-Ethylhexanol Market
6.3.1 India 2-Ethylhexanol Market by Application
6.3.2 India 2-Ethylhexanol Market by End-use
6.4 South Korea 2-Ethylhexanol Market
6.4.1 South Korea 2-Ethylhexanol Market by Application
6.4.2 South Korea 2-Ethylhexanol Market by End-use
6.5 Australia 2-Ethylhexanol Market
6.5.1 Australia 2-Ethylhexanol Market by Application
6.5.2 Australia 2-Ethylhexanol Market by End-use
6.6 Indonesia 2-Ethylhexanol Market
6.6.1 Indonesia 2-Ethylhexanol Market by Application
6.6.2 Indonesia 2-Ethylhexanol Market by End-use
6.7 Rest of Asia Pacific 2-Ethylhexanol Market
6.7.1 Rest of Asia Pacific 2-Ethylhexanol Market by Application
6.7.2 Rest of Asia Pacific 2-Ethylhexanol Market by End-use
Chapter 7. Company Profiles
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 The Dow Chemical Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 DuPont de Nemours, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Eastman Chemical Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 SABIC (Saudi Arabian Oil Company)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 SWOT Analysis
7.6 Exxon Mobil Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Arkema S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Celanese Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 LyondellBasell Industries Holdings B.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. INEOS Group Holdings S.A.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

Companies Mentioned

  • BASF SE
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Saudi Basic Industries Corporation (SABIC)
  • Exxon Mobil Corporation
  • Arkema S.A.
  • Celanese Corporation
  • LyondellBasell Industries Holdings B.V.
  • INEOS Group Holdings S.A.
  • Eastman Chemical Company

Methodology

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