This 2-Ethylhexanol market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving 2-Ethylhexanol market.
Increasing Demand in the Plasticizers Industry Boosts Consumption of 2-Ethylhexanol
Large amounts of 2-ethylhexanol produced around the world is utilized in the manufacturing of various types of plasticizers such as phthalate and non-phthalate plasticizers. Among these types of plasticizers, phthalates are basically phthalic acid, and they are utilized in a wide range of end-use industries owing to its processing and performance characteristics.
Leading players in the 2-ethylhexanol market are noting that phthalates account for nearly half the global consumption of plasticizers, and consequently, they are aiming to capitalize on the growing demand for 2-ethylhexanol in the phthalates industry. On the other hand, non-phthalates are plasticizers that do not include any phthalates but comprise of various other components such as diisononyl cyclohexane dicarboxylate (Hexamoll DINCH), bio-based plasticizers, and diethylhexyl terephthalate (DEHT).
Taking into consideration that plasticizers are commonly used across various applications owing to their chemical properties such as durability, flexibility, utility of materials, and longevity, leading players in the 2-ethylhexanol market are aiming to cater to the specific needs of players in the plasticizers industry. In the coming years, the demand for 2-ethylhexanol is expected to remain significantly high in areas such as automotive production, construction/remodelling, and original equipment manufacturers (OEMs).
Burgeoning Applications in Construction and Paints & Coatings Landscape will Uphold the e-Ethylhexanol Market
2-ethylhexanol is one of the most commonly used chemicals in the manufacturing of other industry-grade chemical components such as acrylate, plasticizers, and nitrate. These components find immense applications in different industrial landscapes including automotive, construction, plastic, pharmaceuticals, and rubber. While most stakeholders are focusing on bolstering their investments in these end-use applications, increasing growth of the construction and paints & coatings industries is expected to influence major trends in the global 2-ethylhexanol market in the coming years.
Increasing disposable incomes of consumers in developing countries, especially in the Asia Pacific region, is triggering various construction activities and infrastructure development across these geographies. Being among the most important raw materials of different construction materials, the demand for 2-ethylhexanol is expected to remain high in the construction industry. Furthermore, the demand is also gaining momentum in the paints & coatings industry, as their applications in the automotive industry are contributing to the rise in consumption of 2-ethylhexanol across this industry.
2-Ethylhexanol Market: Region-wise Analysis
Based on the geographical factors, the 2-ethylhexanol market is broadly divided into seven regions - North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The Asia Pacific region holds the largest share in growth of the 2-ethylhexanol market, where China remains a dominant player - accounting for nearly half the revenue share of the 2-ethylhexanol market in Asia Pacific.
In developing countries across Asia Pacific including China, India, Indonesia, and Vietnam, the demand for 2-ethylhexanol is mainly driven by its applications in the plasticizers industry. Furthermore, the building & construction industry in the industry in Asia Pacific is undergoing an architectural boom, creating new potential for 2-ethylhexanol manufacturers in the region. Leading players are expected to focus on offering 2-ethylhexanol for commercial construction and low-cost housing projects in Asia Pacific, to gain momentum in the region.
China is expected to emerge as the top market for 2-ethylhexanol, as the governing bodies in the country are bolstering the development of infrastructures across various sectors. The government of China introduced its 13th five-plan plan, which shows the rapid development of roadways, highways, railways, waterways, urban rails, and airports in the country. Furthermore, the country is also a global leader in automotive production, which also opens new growth opportunities for the manufacturers of 2-ethylhexanol in China.
2-Ethylhexanol Market: Competitive Landscape
- Dow Chemical Company
- INEOS Holdings Limited
- Chengdu XiYa Chemical Technology Co., Ltd.
- Formosa Plastic Group
- Eastman Chemical Company
- Tianjin Zhongxin Chemtech Co., Ltd.
- Eastman Chemical Company
- Elekeiroz S.A.
- Mitsubishi Chemical
- Zak S.A,
- Meryer (Shanghai) Chemical Technology Co.,
Market leaders are focusing on catering to major end-use industries such as building & construction, paints & coatings, marine, and transportation, in order to gain momentum in this landscape.
With the growing presence of regional players as well as global leaders in the global 2-ethylhexanol market, which is likely to lead to market fragmentation in the coming years. Similar to any fragmented market, small- and medium-sized businesses are expected to face intense competition from top chemical companies in the global 2-ethylhexanol market. Small players are establishing their stronghold in regional markets, while global players are leveraging their large distribution networks for expanding their customer bases.
The Dow Chemical Company - an American multinational chemical corporation headquartered in Midland, Michigan, United States - is a leading player in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol to mainly cater to the coatings industry, and also in the heavy metals extractant production plants.
Eastman Chemical Company - an American company primarily involved in the chemical industry - is another major stakeholder in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol that is commonly used in the production of dispersing agents used in pigments pastes. Another leading player - Zak?ady Azotowe K?dzierzyn is a chemical company based in the city of K?dzierzyn, Opole Voivodeship, southwest Poland. The company offers 2-ethylhexanol to end users in the refining industry, where it is used for enhancing the cetane number, while it also caters to antifoam and foaming agents companies.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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2-Ethylhexanol Market: Segment Analysis
The 2-ethylhexanol market can be segmented on the basis of the following:
- 2-EH nitrate
- 2-EH acrylate
Frequently Asked Questions
What research methodology is used to develop the 2-Ethylhexanol Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the 2-Ethylhexanol Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.