Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

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%

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.

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%

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

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:

  • Application
  • End Use
  • Region
Breakup by Application
  • 2-EH Acrylate
  • 2-EH Nitrate
  • Plasticisers
  • Others
Breakup by End Use
  • Paint and Coatings
  • Adhesives
  • Industrial Chemicals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

*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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Key Questions Answered in the Report

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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