2-Ethylhexanoic Acid Market to Surpass USD 1.7 Million by 2031 at 6.3% CAGR

The global 2-ethylhexanoic acid market was valued at over USD 908.6 million in 2020 and is projected to expand at a CAGR of 6.3% from 2021 to 2031. Driven by growing demand across coatings, plastics, and chemical intermediates applications, the market is expected to surpass a value of USD 1.7 million by the end of 2031.

Metal soaps for paint driers and automotive coolants are bolstering the demand for 2-ethylhexanoic acid (2-EHA). Manufacturers are investing in capacity expansions to meet the demand for PVC (polyvinyl chloride) stabilizers, wood preservatives, and catalysts for pharmaceuticals & polyurethane.

Dive Deeper into Data: Get Your In-Depth Sample Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37172

The growing uncertainty stemming from the coronavirus pandemic is affecting business activities in the 2-ethylhexanoic acid market. Manufacturers are striving to establish a balanced relationship with suppliers and ecosystem partners to ensure business continuity. They are unlocking income sources in key revenue generating applications such as synthetic lubricants, paint dryers, healthcare drugs, and the likes.

Key Findings of the Market Report

• Plasticizers represent the largest application segment, holding approximately 31.4% of the market share, primarily driven by the production of PVB films for laminated safety glass.

• The Butyraldehyde production method remains the dominant route due to its cost-effectiveness and high conversion rates compared to the octanol-based method.

• Above 99% Purity grade dominates the market with a 68.9% share, as industries like pharmaceuticals and high-end electronics require ultra-low impurity levels.

• Asia-Pacific held a commanding 43.5% global share in 2024, supported by massive infrastructure investments and automotive production in China and India.

Global 2-Ethylhexanoic Acid Market: Growth Drivers

• Automotive Fleet Expansion: 2-EHA is a vital component in long-life coolants and corrosion inhibitors. The global recovery of vehicle production and the specific thermal management needs of Electric Vehicles (EVs) are boosting demand.

• Construction & Infrastructure: The "Housing for All" initiatives in emerging economies have increased the demand for architectural glass. 2-EHA is essential for making the plasticizers that give safety glass its transparency and durability.

• Shift to Non-Phthalate Plasticizers: Regulatory pressure against traditional phthalates has pushed manufacturers toward 2-EHA-based esters, which are seen as safer alternatives for consumer goods, flooring, and medical devices.

• Performance Lubricants: In the aerospace and industrial sectors, 2-EHA is used to synthesize esters for lubricants that require high thermal stability and low volatility.

Global 2-Ethylhexanoic Acid Market: Regional Landscape

• Asia-Pacific: Leading the global market, this region benefits from being the world's manufacturing hub. China and India are the primary consumers, where 2-EHA is heavily used in the booming local paints, coatings, and PVC industries.

• Europe: This region is a major exporter and a pioneer in green chemical standards. Strict VOC (Volatile Organic Compound) regulations are driving the development of bio-based 2-EHA and eco-friendly paint driers.

• North America: Growth is steady, fueled by the aerospace industry's demand for synthetic lubricants and a robust renovation market in the residential construction sector.

Global 2-Ethylhexanoic Acid Market: Key Players

The market is highly concentrated, with the top five producers controlling over 65% of the global market share.

• BASF SE
• Perstorp Holding AB
• OQ Chemicals (formerly Oxea)
• Eastman Chemical Company
• KH Neochem Co., Ltd.
• Elekeiroz S.A.
• The Dow Chemical Company
• JXDC Chemical Co., Ltd.

Key Developments

• 2025 Expansion: BASF PETRONAS Chemicals doubled its 2-EHA production capacity at its Kuantan, Malaysia plant to 60,000 metric tons per year to meet surging demand in the APAC region.

• Sustainability Focus: Perstorp has increased its focus on "Pro-Environment" solutions, integrating renewable raw materials into its carboxylic acid production lines to reduce the carbon footprint of downstream plasticizers.

• Regulatory Shifts: Increasing scrutiny from the ECHA (European Chemicals Agency) regarding the handling of 2-EHA has led to significant R&D investments in closed-loop manufacturing and safer handling technologies.

Global 2-Ethylhexanoic Acid Market: Segmentation

By Production Method

• Butyraldehyde Method (Market Leader)
• Octanol Method
• Others

By Application

• PVB Plasticizers
• Synthetic Lubricants
• Paint Driers
• PVC Stabilizers
• Corrosion Inhibitors
• Pharmaceuticals/Drugs

By End User

• Automotive & Transportation
• Construction & Building
• Paints & Coatings
• Personal Care & Cosmetics
• Chemical Intermediates

By Region

• North America (US, Canada)
• Europe (Germany, UK, France)
• Asia Pacific (China, India, Japan)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=37172<ype=S

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.