Press release
2-Ethylhexanol Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
2-Ethylhexanol
The Business Research Company offers in-depth market insights through 2-Ethylhexanol Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 2-ethylhexanol market size 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 growth in the historic period can be attributed to plasticizers production, coating and paint industry, plastic production, surfactants and detergents, chemical intermediates..
The 2-ethylhexanol market size 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 growth in the forecast period can be attributed to increasing cleaning product usage, shift towards green chemistry, global economic factors, regulatory changes impact, rise in adhesive demand.. Major trends in the forecast period include quality paints and coatings, industrialization in developing markets, adhesives and sealants usage, automotive sector usage, surfactants for detergents..
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Market Segmentation:
The 2-ethylhexanol market covered in this report is segmented -
1) By Type: Sapphire, Ruby, Emery
2) 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
Major Driver - Surging Automotive Industry Propels Demand For 2-Ethylhexanol In Plasticized Pvc Applications
The growing automotive industry is expected to boost the 2-ethylhexanol market going forward. The automotive sector encompasses industries related to motor vehicle production, distribution, retailing, and maintenance. Due to its flexibility, strength, and durability, 2-ethyl hexanol is utilized in the fabrication of plasticized PVC (polyvinyl chloride) in automobiles, which is expected to increase demand for 2-ethyl hexanol. For instance, in May 2022, according to an article published by CEIC Data, a US-based provider of macro and micro economic data insights, 9.17 million units of motor vehicles were produced in the US in December 2021, according to reports. Therefore, the growing automotive industry is driving the growth of the 2-ethylhexanol market.
Competitive Landscape:
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
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Top Trend - Perstorp Leads 2-Ethylhexanol Market With Groundbreaking Renewable Product, Redefining Sustainability In Chemical Solutions
Product innovations are the key trends in gaining popularity in the 2-ethylhexanol market. Major companies operating in the 2-ethylhexanol market are focused on developing innovative applications of 2-ethyl hexanol to strengthen their position in the market. For instance, in June 2022, Perstorp, a Sweden-based chemical industry launched 2-ethyl hexanol primarily based on 25% renewable raw cloth according to a traceable mass balance idea. This innovative product grade is the world's initial 2-ethyl hexanol part of the way founded on inexhaustible natural substances, building up Perstorp's situation as a supportable arrangement's supplier fulfilling the developing need for additional practical choices in different applications.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 2-Ethylhexanol Market Characteristics
3. 2-Ethylhexanol Market Trends And Strategies
4. 2-Ethylhexanol Market - Macro Economic Scenario
5. 2-Ethylhexanol Market Size And Growth
…..
27. 2-Ethylhexanol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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