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Base Year
Historical Year
Forecast Year
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.
Global 2-Ethylhexanol Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 6.05 |
Market Size 2032 | USD Billion | 9.54 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.2% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 6.0% |
CAGR 2024-2032 - Market by Country | India | 6.9% |
CAGR 2024-2032 - Market by Country | China | 5.8% |
CAGR 2024-2032 - Market by Application | 2-EH Acrylate | 5.7% |
CAGR 2024-2032 - Market by End Use | Paint and Coatings | 5.9% |
Market Share by Country 2023 | Italy | 3.1% |
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.
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.
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.
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.
CAGR 2024-2032 - Market by | Country |
India | 6.9% |
China | 5.8% |
Canada | 5.1% |
France | 4.1% |
Italy | 3.7% |
USA | XX% |
UK | XX% |
Germany | XX% |
Japan | 3.6% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Competitive Landscape |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 6.05 billion in 2023.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9.54 billion by 2032.
The major market drivers include rising renovation activities and growth of packaging industries.
The key trends fuelling the growth of the market include heavy investments by various market players towards research and development activities and rising requirement for adhesives across various sectors.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of 2-ethylhexanol include 2-EH acrylate, 2-EH nitrate, and plasticisers, among others.
The key players in the market are 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, and The Andhra Petrochemicals Limited, among others.
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