The global 2-ethylhexanol market has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be ascribed to the growth in plasticizers production, the coating and paint industry, plastic manufacturing, surfactants and detergents, as well as chemical intermediates.
The global 2-ethylhexanol market is expected to see strong growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be linked to the rising usage of cleaning products, a shift towards green chemistry, global economic factors, the impact of regulatory changes, and an increased demand for adhesives. Major trends expected in the forecast period encompass the use of quality paints and coatings, industrialization in developing markets, the adoption of adhesives and sealants, increased usage in the automotive sector, and a growing demand for surfactants in detergents.
The projected growth of the automotive industry is set to drive the 2-ethylhexanol market's expansion. The automotive sector encompasses various fields linked to the production, distribution, retail, and maintenance of motor vehicles. Due to its adaptable, robust, and long-lasting qualities, 2-ethylhexanol finds application in manufacturing plasticized PVC (polyvinyl chloride) for use in automobiles. This utilization is anticipated to surge, supported by statistics from May 2022, as reported by CEIC Data, revealing a production of 9.17 million motor vehicle units in the US during December 2021. Consequently, the burgeoning automotive industry plays a pivotal role in propelling the demand for 2-ethylhexanol.
Anticipated growth in the construction industry is expected to act as a catalyst for the expansion of the 2-ethylhexanol market. The construction sector encompasses the strategic processes involved in planning, designing, assembling, and erecting physical structures, facilities, or infrastructure. In this industry, 2-ethylhexanol serves as a plasticizer employed in the production of polyvinyl chloride (PVC), utilized for manufacturing pipes, cables, roofing materials, and flooring. For example, projections from September 2021 by Oxford Economics, a UK-based economic information services company, suggest an estimated 42% increase, equating to $4.5 trillion, in global construction output by 2030, reaching a substantial USD 15.2 trillion. Hence, the burgeoning construction industry significantly contributes to the upsurge in the 2-ethylhexanol market.
Innovative product development stands out as a prominent trend driving the 2-ethylhexanol market's popularity. Leading enterprises within the 2-ethylhexanol domain focus on pioneering applications of this compound to fortify their market standing. For instance, in June 2022, Perstorp, a chemical industry giant based in Sweden, introduced a novel variation of 2-ethylhexanol primarily sourced from 25% renewable raw materials, following a traceable mass balance concept. This groundbreaking product grade marks the world's inaugural 2-ethylhexanol variant predominantly derived from renewable natural resources, further solidifying Perstorp's role as a sustainable solutions provider, catering to the escalating demand for more eco-friendly alternatives across diverse applications.
Prominent entities within the 2-ethylhexanol market prioritize product innovation, notably emphasizing renewable-based variants like 2-Ethylhexanol, aiming to deliver dependable services to their clientele. Renewable-derived 2-ethylhexanol (2-EH) stands as an eco-friendly substitute for fossil fuel-derived 2-EH, demonstrating versatility in various applications, encompassing plasticizers, coatings, and specialized chemicals. For instance, in October 2023, Perstorp, a Swedish chemicals enterprise, unveiled 2-EH Pro 100, engineered to curtail carbon emissions across its value chain, championing sustainable sourcing methods encompassing renewable and recycled raw materials. This groundbreaking product line comprises 100% renewable components, including Evyron T100, Neeture N100, and Valeric Acid Pro 100, secured through traceable mass balance principles.
In October 2022, PETRONAS Chemicals Group, a leading chemicals producer headquartered in Malaysia, completed the acquisition of Perstorp AB for an undisclosed sum. This strategic acquisition was aimed at fortifying PCG's global foothold, particularly bolstering its position within the Asia-Pacific markets. Perstorp AB, hailing from Sweden, specializes in the manufacturing and provision of specialty chemicals.
Major companies operating in the 2-ethylhexanol market report are The Dow Chemical Company, BASF SE, Eastman Chemical Company, Saudi Basic Industries Corporation, Grupa Azoty S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Tianjin Bohua Yongli Chemical Industry Co. Ltd., Henan GP Chemicals Co. Ltd., Mosselman S.A., Oltchim S.A., Sigma-Aldrich Co. LLC, SIBUR International GmbH, Elekeiroz S.A., Shazand Petrochemical Company, The Andhra Petrochemicals Ltd., Azotowe KATMdzierzyn, Formosa Plastic Group, Merck KGaA, Meryer (Shanghai) Chemical Technology Co. Ltd., OQ Chemicals, Sinopec, Shandong Jianlan Chemical, China National Offshore Oil Corporation, INEOS Group, Sasol Limited, ExxonMobil Chemical, Evonik Industries AG, Shell PLC, Mitsui Chemicals Crop & Life Solutions Inc., PJSC SIBUR Holding
Asia-Pacific was the largest region in the 2-ethylhexanol market in 2023. The regions covered in the 2-ethylhexanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 2-ethylhexanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary varieties of 2-ethylhexanol include sapphire, ruby, and emery. Scientifically, rubies are identified as corundum, a rock-forming mineral that exists in a crystalline form of aluminum oxide (Al2O3). This crystalline structure features two aluminum atoms and three oxygen atoms arranged in a closely packed hexagonal configuration. Various delivery forms are available for 2-ethylhexanol, including bulk containers, flexitanks, drums, or IBC. These forms find application in a range of uses, such as plasticizers, both non-phthalate and phthalate, 2-ethylhexanol nitrate, 2-ethylhexanol acrylate, among other applications. End-users of this compound span industries like paint and coatings, adhesives, chemicals, building and construction, and other sectors.
This report provides 2-ethylhexanol market statistics, including 2-ethyl hexanol industry global market size, regional shares, competitors with a 2-ethylhexanol market share, detailed 2-ethylhexanol market segments, market trends and opportunities, and any further data you may need to thrive in the 2-ethyl hexanol industry. This 2-ethylhexanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 2-ethylhexanol market consists of sales of 2-ethyl-1-hexanol, 2-ethylhexyl alcohol, isooctanol, and octyl alcohol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global 2-ethylhexanol market is expected to see strong growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be linked to the rising usage of cleaning products, a shift towards green chemistry, global economic factors, the impact of regulatory changes, and an increased demand for adhesives. Major trends expected in the forecast period encompass the use of quality paints and coatings, industrialization in developing markets, the adoption of adhesives and sealants, increased usage in the automotive sector, and a growing demand for surfactants in detergents.
The projected growth of the automotive industry is set to drive the 2-ethylhexanol market's expansion. The automotive sector encompasses various fields linked to the production, distribution, retail, and maintenance of motor vehicles. Due to its adaptable, robust, and long-lasting qualities, 2-ethylhexanol finds application in manufacturing plasticized PVC (polyvinyl chloride) for use in automobiles. This utilization is anticipated to surge, supported by statistics from May 2022, as reported by CEIC Data, revealing a production of 9.17 million motor vehicle units in the US during December 2021. Consequently, the burgeoning automotive industry plays a pivotal role in propelling the demand for 2-ethylhexanol.
Anticipated growth in the construction industry is expected to act as a catalyst for the expansion of the 2-ethylhexanol market. The construction sector encompasses the strategic processes involved in planning, designing, assembling, and erecting physical structures, facilities, or infrastructure. In this industry, 2-ethylhexanol serves as a plasticizer employed in the production of polyvinyl chloride (PVC), utilized for manufacturing pipes, cables, roofing materials, and flooring. For example, projections from September 2021 by Oxford Economics, a UK-based economic information services company, suggest an estimated 42% increase, equating to $4.5 trillion, in global construction output by 2030, reaching a substantial USD 15.2 trillion. Hence, the burgeoning construction industry significantly contributes to the upsurge in the 2-ethylhexanol market.
Innovative product development stands out as a prominent trend driving the 2-ethylhexanol market's popularity. Leading enterprises within the 2-ethylhexanol domain focus on pioneering applications of this compound to fortify their market standing. For instance, in June 2022, Perstorp, a chemical industry giant based in Sweden, introduced a novel variation of 2-ethylhexanol primarily sourced from 25% renewable raw materials, following a traceable mass balance concept. This groundbreaking product grade marks the world's inaugural 2-ethylhexanol variant predominantly derived from renewable natural resources, further solidifying Perstorp's role as a sustainable solutions provider, catering to the escalating demand for more eco-friendly alternatives across diverse applications.
Prominent entities within the 2-ethylhexanol market prioritize product innovation, notably emphasizing renewable-based variants like 2-Ethylhexanol, aiming to deliver dependable services to their clientele. Renewable-derived 2-ethylhexanol (2-EH) stands as an eco-friendly substitute for fossil fuel-derived 2-EH, demonstrating versatility in various applications, encompassing plasticizers, coatings, and specialized chemicals. For instance, in October 2023, Perstorp, a Swedish chemicals enterprise, unveiled 2-EH Pro 100, engineered to curtail carbon emissions across its value chain, championing sustainable sourcing methods encompassing renewable and recycled raw materials. This groundbreaking product line comprises 100% renewable components, including Evyron T100, Neeture N100, and Valeric Acid Pro 100, secured through traceable mass balance principles.
In October 2022, PETRONAS Chemicals Group, a leading chemicals producer headquartered in Malaysia, completed the acquisition of Perstorp AB for an undisclosed sum. This strategic acquisition was aimed at fortifying PCG's global foothold, particularly bolstering its position within the Asia-Pacific markets. Perstorp AB, hailing from Sweden, specializes in the manufacturing and provision of specialty chemicals.
Major companies operating in the 2-ethylhexanol market report are The Dow Chemical Company, BASF SE, Eastman Chemical Company, Saudi Basic Industries Corporation, Grupa Azoty S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Tianjin Bohua Yongli Chemical Industry Co. Ltd., Henan GP Chemicals Co. Ltd., Mosselman S.A., Oltchim S.A., Sigma-Aldrich Co. LLC, SIBUR International GmbH, Elekeiroz S.A., Shazand Petrochemical Company, The Andhra Petrochemicals Ltd., Azotowe KATMdzierzyn, Formosa Plastic Group, Merck KGaA, Meryer (Shanghai) Chemical Technology Co. Ltd., OQ Chemicals, Sinopec, Shandong Jianlan Chemical, China National Offshore Oil Corporation, INEOS Group, Sasol Limited, ExxonMobil Chemical, Evonik Industries AG, Shell PLC, Mitsui Chemicals Crop & Life Solutions Inc., PJSC SIBUR Holding
Asia-Pacific was the largest region in the 2-ethylhexanol market in 2023. The regions covered in the 2-ethylhexanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 2-ethylhexanol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary varieties of 2-ethylhexanol include sapphire, ruby, and emery. Scientifically, rubies are identified as corundum, a rock-forming mineral that exists in a crystalline form of aluminum oxide (Al2O3). This crystalline structure features two aluminum atoms and three oxygen atoms arranged in a closely packed hexagonal configuration. Various delivery forms are available for 2-ethylhexanol, including bulk containers, flexitanks, drums, or IBC. These forms find application in a range of uses, such as plasticizers, both non-phthalate and phthalate, 2-ethylhexanol nitrate, 2-ethylhexanol acrylate, among other applications. End-users of this compound span industries like paint and coatings, adhesives, chemicals, building and construction, and other sectors.
This report provides 2-ethylhexanol market statistics, including 2-ethyl hexanol industry global market size, regional shares, competitors with a 2-ethylhexanol market share, detailed 2-ethylhexanol market segments, market trends and opportunities, and any further data you may need to thrive in the 2-ethyl hexanol industry. This 2-ethylhexanol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 2-ethylhexanol market consists of sales of 2-ethyl-1-hexanol, 2-ethylhexyl alcohol, isooctanol, and octyl alcohol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. 2-Ethylhexanol Market Characteristics3. 2-Ethylhexanol Market Trends and Strategies31. Global 2-Ethylhexanol Market Competitive Benchmarking32. Global 2-Ethylhexanol Market Competitive Dashboard33. Key Mergers and Acquisitions in the 2-Ethylhexanol Market
4. 2-Ethylhexanol Market - Macro Economic Scenario
5. Global 2-Ethylhexanol Market Size and Growth
6. 2-Ethylhexanol Market Segmentation
7. 2-Ethylhexanol Market Regional and Country Analysis
8. Asia-Pacific 2-Ethylhexanol Market
9. China 2-Ethylhexanol Market
10. India 2-Ethylhexanol Market
11. Japan 2-Ethylhexanol Market
12. Australia 2-Ethylhexanol Market
13. Indonesia 2-Ethylhexanol Market
14. South Korea 2-Ethylhexanol Market
15. Western Europe 2-Ethylhexanol Market
16. UK 2-Ethylhexanol Market
17. Germany 2-Ethylhexanol Market
18. France 2-Ethylhexanol Market
19. Italy 2-Ethylhexanol Market
20. Spain 2-Ethylhexanol Market
21. Eastern Europe 2-Ethylhexanol Market
22. Russia 2-Ethylhexanol Market
23. North America 2-Ethylhexanol Market
24. USA 2-Ethylhexanol Market
25. Canada 2-Ethylhexanol Market
26. South America 2-Ethylhexanol Market
27. Brazil 2-Ethylhexanol Market
28. Middle East 2-Ethylhexanol Market
29. Africa 2-Ethylhexanol Market
30. 2-Ethylhexanol Market Competitive Landscape and Company Profiles
34. 2-Ethylhexanol Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 2-ethylhexanol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for 2-ethylhexanol? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Sapphire; Ruby; Emery2) By Delivery Form: Bulk Containers; Flexitanks; Drums Or IBC(Intermediate Bulk Containers)
3) By Application: Plasticizers; Non-phthalate; Phthalate; 2-EH nitrate; 2-EH acrylate; Other Applications
4) By End-User: Paint and Coatings; Adhesives; Chemicals; Building and Construction; Other End Users
Key Companies Mentioned: The Dow Chemical Company; BASF SE; Eastman Chemical Company; Saudi Basic Industries Corporation; Grupa Azoty S.A
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- The Dow Chemical Company
- BASF SE
- Eastman Chemical Company
- Saudi Basic Industries Corporation
- Grupa Azoty S.A.
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- Tianjin Bohua Yongli Chemical Industry Co. Ltd.
- Henan GP Chemicals Co. Ltd.
- Mosselman S.A.
- Oltchim S.A.
- Sigma-Aldrich Co. LLC
- SIBUR International GmbH
- Elekeiroz S.A.
- Shazand Petrochemical Company
- The Andhra Petrochemicals Ltd.
- Azotowe KATMdzierzyn
- Formosa Plastic Group
- Merck KGaA
- Meryer (Shanghai) Chemical Technology Co. Ltd.
- OQ Chemicals
- Sinopec
- Shandong Jianlan Chemical
- China National Offshore Oil Corporation
- INEOS Group
- Sasol Limited
- ExxonMobil Chemical
- Evonik Industries AG
- Shell PLC
- Mitsui Chemicals Crop & Life Solutions Inc.
- PJSC SIBUR Holding
Methodology
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