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2-Ethylhexanol Global Market Analysis, Trends, Growth, Research And Forecast 2033
2-Ethylhexanol Global Market
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. 2-Ethylhexanol Market Report Structure
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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