2-Ethylhexanol Market, Covid-19 Outbreak, Industry Overview, Applications, Segmentation, Regional Analysis, Key Players and Forecast to 2023

Market Synopsis:

2-ethylhexanol has a high boiling point and evaporates slowly. It has low volatility and enhances the flow and gloss of baking enamels, majorly used as a dispersing agent for pigment pastes. 2-ethylhexanol is an adaptable solvent featuring excellent reactivity as a chemical intermediate. It functions as a chain terminator in synthesizing condensation polymers and as an intermediate for plasticizers.

The recent trend of replacing solvent-based products with waterborne acrylic products owing to stringent air emission regulations is projected to boost the demand for 2-ethylhexanol. The application of waterborne coatings over solvent-based coatings offers serval advantages such as soap clean-up, less hazardous waste disposal & associated costs, and reduced solvent exposure.

Further, 2-ethylhexanol excellent reactivity as an intermediate and properties such as defoaming, wetting, dispersing characteristic and slow evaporation rate makes it ideal application for adhesives and sealants, automotive parts & accessories, construction chemicals, plasticizer and lubricants. These properties are expected to favor the demand for 2-ethylhexanol during the forecast period.

Regional Analysis:

Global 2-Ethylhexanol Market has been studied based on five regions, namely Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia-Pacific is projected to be the leading market for 2-ethylhexanol during the forecast period. Rapid industrialization and urbanization are the key factors expected to boost the growth of the regional market. The demand for 2-ethylhexanol in the region is majorly from the plasticizers industry. The North American and European markets are expected to witness significant growth in terms of CAGR during the review period owing to the increasing application of 2-ethylhexanol in paints & coatings, chemicals, and plastic industries. In addition, the market in the Middle East & Africa is projected to witness steady growth during the forecast period.

Market Segmentation:

The global 2-ethylhexanol market has been segmented based on application and region. Based on application, the global market has been divided into plasticizers, ethylhexyl acrylate, 2-ethylhexyl nitrate, and others. The plasticizers is expected to be the major application segment registering a healthy CAGR owing to its wide usage as an additive, as well as in polyvinyl chloride (PVC) applications. Around 90% of 2-ethylhexanol produced is used in plasticizers for PVC.

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Key Players

Some of the prominent players in the global 2-ethylhexanol market are BASF SE (Germany), Sinopec (China), Eastman Chemical Company (US), Formosa Plastics Corporation (Japan), LG Chem (South Korea), OXEA GmbH (Germany), Mitsui Chemicals, Inc. (Japan), China National Petroleum Corporation (China), Elekeiroz (Brazil), SABIC (Saudi Arabia), Nan Ya Plastics Corporation (Japan), INEOS (UK), and Arak Petrochemical Corporation (Iran).

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