Market Size of 2-Ethyl Hexanol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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2-Ethylhexanol Market Analysis
The market for 2-ethyl hexanol is projected to register a CAGR of more than 5% during the forecast period.
- COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- Increasing demand for 2-ethyl hexanol acrylate from the paint and coatings, adhesive, and construction industries is expected to drive the market during the forecast period. On the other hand, the market expansion is likely to be hampered by the restricted use of plasticizers in various regions, such as North America and Europe.
- The rising demand for chemicals across various industries is expected to provide opportunities for the 2-ethyl hexanol market in the coming years. The Asia-Pacific region dominates the market worldwide, with countries like China, India, and Japan being the biggest consumers.
2-Ethylhexanol Industry Segmentation
2-ethyl hexanol is also known as octanol. It is an 8-carbon higher alcohol species that is usually always soluble in organic solvents but poorly soluble in water.
The 2-ethyl hexanol market is segmented by application, end-user, and geography. By application, the market is segmented into plasticizers, 2-EH acrylate, 2-EH nitrate, and other applications. By end-user, the market is segmented into paint and coatings, adhesives, industrial chemicals, and other end-users. The report also covers the market size and forecasts in 15 countries across major regions.
For each segment, market sizing and forecasts have been done based on revenue (USD million).
| Applications | |
| Plasticizers | |
| 2-EH Acrylate | |
| 2-EH Nitrate | |
| Other Applications |
| End-User | |
| Paint and Coatings | |
| Adhesives | |
| Industrial Chemicals | |
| Other End-Users |
| Geography | ||||||||
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2-Ethyl Hexanol Market Size Summary
The 2-ethyl hexanol market is poised for steady growth, driven by increasing demand from the paint and coatings, adhesive, and construction sectors. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue expanding. The Asia-Pacific region, particularly countries like China, India, and Japan, dominates the global market, fueled by robust industrial activities and urbanization processes. The rising demand for 2-ethyl hexyl acrylate, a key derivative, is anticipated to further boost market growth, as it is extensively used in various applications such as resins for pressure-sensitive adhesives and coatings for paper, textiles, and leather.
Despite the promising growth prospects, the market faces challenges due to restrictions on the use of plasticizers in regions like North America and Europe. However, the expanding packaging industry, especially in India, and the ongoing construction boom in China are expected to drive demand. The market is partially consolidated, with major players like Ineos, Mitsubishi Chemical Corporation, SABIC, Eastman Chemical Company, and Dow playing significant roles. Recent developments, such as SABIC's new industrial chemicals facility in Saudi Arabia and Anqing Shuguang Petrochemical's expansion in China, highlight the strategic efforts to enhance production capabilities and meet the growing global demand for 2-ethyl hexanol.
2-Ethyl Hexanol Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for 2-EH Acrylate
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1.1.2 Increasing Consumption of Plasticizers
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1.2 Restraints
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1.2.1 Restricted Use of Plasticizers in Various Regions, such as North America and Europe
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Applications
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2.1.1 Plasticizers
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2.1.2 2-EH Acrylate
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2.1.3 2-EH Nitrate
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2.1.4 Other Applications
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2.2 End-User
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2.2.1 Paint and Coatings
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2.2.2 Adhesives
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2.2.3 Industrial Chemicals
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2.2.4 Other End-Users
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Aregentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle-East and Africa
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2-Ethyl Hexanol Market Size FAQs
What is the current 2-Ethyl Hexanol Market size?
The 2-Ethyl Hexanol Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in 2-Ethyl Hexanol Market?
INEOS, Mitsubishi Chemical Corporation, SABIC, Eastman Chemical Company and Dow are the major companies operating in the 2-Ethyl Hexanol Market.
