Press release
2-Ethylhexanol Market: Robust Growth, CAGR 7.7%, Market Size of $8.54 billion by 2029
2-Ethylhexanol Market
What Is The Projected Market Size Of The Global 2-Ethylhexanol Market And Its Growth Rate?
The 2-ethylhexanol market demonstrates a strong growth trajectory with key statistics as:
- From $5.93 billion in 2024, the market will grow to $6.34 billion in 2025 with a CAGR of 6.9%
- The market is expected to further grow to $8.54 billion by 2029, with a CAGR of 7.7%.
What Is Driving The Growth In The 2-Ethylhexanol Market?
The rise in the automotive industry significantly fuels the growth of the 2-ethylhexanol market. The industry, encompassing vehicle production, distribution, retail, and maintenance, heavily relies on 2-ethyl hexanol in the fabrication of plasticized PVC in automobiles due to its flexibility, strength, and durability. The year-over-year rise of 9.6% in vehicle production in North America, as reported by the European Automobile Manufacturers Association in May 2023, underpins the growing demand for 2-ethylhexanol.
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Who Are the Key Players Driving 2-Ethylhexanol Market Growth?
The major companies operating in the 2-ethylhexanol market include:
- 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.
What Are The Key Trends In The 2-Ethylhexanol Market?
The key trends influencing the 2-ethylhexanol market include:
- Evolving quality paints and coatings
- Industrialization in emerging markets
- Rising usage of adhesives and sealants
- Increasing use in the automotive sector
- Surfactants for detergents.
What Are The Segments Of The Global 2-Ethylhexanol Market?
The 2-ethylhexanol market is segmented by:
- Type: Sapphire, Ruby, Emery
- Delivery Form: Bulk Containers, Flexitanks, Drums, or IBC
- Application: Plasticizers (Non-phthalate, Phthalate), 2-EH Nitrate, 2-EH Acrylate, Other Applications
- End-User: Paint And Coatings, Adhesives, Chemicals, Building And Construction, Other End Users.
Which Region Leads The 2-Ethylhexanol Market?
Asia-Pacific was the largest region in the 2-ethylhexanol market in 2024. The regions analyzed in the 2-ethylhexanol market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The 2-Ethylhexanol Market Global Market Report?
- Market Size Analysis: Analyze the 2-Ethylhexanol Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 2-Ethylhexanol Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall 2-Ethylhexanol Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the 2-Ethylhexanol Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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