2-Ethylhexanol (2-EH) Market: Overview

2-ethylhexanol is a high boiling point, low volatility solvent for fats, waxes, insecticides and dyes. It is a colorless liquid that is soluble in organic solvents and has emollient properties. It is primarily used to manufacture low volatility esters such as dioctyl phthalate. It is a key ingredient for manufacturing plasticizers, lubricants and other chemical products. It is industrially produced through aldol condensation of n-butyraldehyde, and subsequent hydrogenation of hydroxyaldehyde. It has applications in coatings and heavy metal industries. It is used as an octane booster when reacted with nitric acid. 2-ethylhexanol is a key feedstock for manufacturing a range of chemicals which is further used in industries such as construction, automotive and paints among others. It is used as a wetting agent in the textile industry. There is high demand for 2-ethylhexanol from the plasticizer manufacturing industry.

2-Ethylhexanol (2-EH) Market: Drivers

Application of 2-ethylhexanol include plasticizers, 2-EH acrylate, 2-EH nitrate and others which are extensively used in various industries. Growing demand for chemicals across various industries is in turn, expected to drive the demand for 2-ethylhexanol. Additionally, stringent norms on industrial emissions are driving the demand for high performance fuels which in turn, is expected to augment 2-ethylhexanol nitrate production. Furthermore, growth in the coatings industry is anticipated to fuel the demand for 2-ethylhexanol in the near future. However, the declining trends of dioctyl phthalate may curb the demand for 2-ethylhexanol over the next few years. Furthermore, it is toxic to humans when exposed and results in dizziness, headache, throat irritation and sore eyes. Thus, regulations on the use of 2-ethylhexanol may hamper the market within the forecast period.

2-Ethylhexanol (2-EH) Market: Region-wise Outlook

The 2-ethylhexanol market is expected to demonstrate substantial growth within the forecast period thanks largely to the promise shown by China – a country that is driving the demand not only in APAC but also worldwide. In 2012, Asia Pacific consumed 60% of the global production of this 2-EH.

Moreover, the rising demand for phthalate plasticizers in emerging economies such as China, Vietnam, India, and Indonesia may stimulate the demand for 2-ethylhexanol in the near future. Growing chemical industry applications have been the top growth enabler for demand in North America. In the region, the U.S. and Canada are seen as major contributors to demand and revenue. Europe follows North America in terms of demand for 2-ethylhexanol. The demand in these regions is driven by 2-ethylhexanol acrylate and 2-Ethylhexanol nitrate manufacturing segments, which are used in adhesives and paints. In Europe, the demand is dominated by 2-EH acrylate and 2-EH nitrate.

The Rest of the World market is forecast to show strong growth over in terms of demand through the report’s forecast period. This will be the result of the higher spending power of consumers in the Middle East and North Africa. Growth in the construction activities across the globe is pushing the demand for 2-ethylhexanol within the forecast period.

2-Ethylhexanol (2-EH) Market: Key Players

Some of the key companies which manufacture 2-Ethylhexanol acrylate are Dow Chemical Company, Eastman Chemical Company, Zak S.A, Chengdu XiYa Chemical Technology Co., Ltd., Tianjin Zhongxin Chemtech Co., Ltd. and Meryer (Shanghai) Chemical Technology Co., Ltd. among many others.

Dow Chemical manufactures 2-ethylhexanol which is mainly used in coatings and in extractant production of heavy materials. Eastman Chemical Company manufactures 2-ethylhexanol for dispersing agents in pigments pastes. Zak SA produces 2-ethylhexanol which is used in the refining industry to improve the cetane number. It is also used in the production of anti-foam agents and forming agents.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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