Market Overview
The market for 2-ethylhexanol is expected to grow at a global CAGR of less than 5% during the ongoing forecast period that ends in 2028. Major factors driving the market include the rising demand for plasticizers and the stringent regulations on industrial emissions. The untapped 2-ethylhexanol market acts as a fuel and lube additive.
Owing to the product’s ability to decrease the viscosity, and offer other features like the improvement in the degree of flexibility, durability, longevity, and utility of the material, plasticizers are widely adopted in industrial applications. Plasticizers, as a part of the market, are mostly used in industrial applications that extend to activities like construction/remodeling, automotive production, and others like original equipment manufacturer (OEM). There has been a surge in the demand for end users, like the construction industry, which helps fuel market growth for plasticizers. It in turn drives the demand for the global 2-ethylhexanol market.
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Market Segmentation
The 2-ethylhexanol market is witnessing a propelling market need that can be attributed to the functioning of the following market segments.
Application-based segmentation
The global market is segmented based on its use in the form of industry applications such as plasticizers, 2-EH acrylate, 2-EH nitrate, amongst many others. Each application of the market segment has been playing a major role in the market expansion during the ongoing period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 Application
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
Continue…
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Regional Analysis
The Asian Pacific region of the global market is emerging as the largest consumer of 2-Ethylhexanol. As a market product, it is being consumed more than 60.0% of the total global consumption. In 2012, among all the countries, China, as a part of the APAC region, leads the functioning of the global market, which consumed the maximum volume of 2-EH. The global market functioning and volume are comparatively low in the ROW region. However, the region is expected to show the highest CAGR of about 6.2% during the ongoing forecast period that ends in 2028, followed by Asia-Pacific.
Some of the prominent regions of the 2-ethylhexanol market are Elekeiroz S.A. (Brazil), Formosa Plastic Group (Taiwan), amongst others like Grupa Azoty (Poland), LG Chem Limited (South Korea), and OXEA GmbH (Germany).
Geographical segmentation
A country-level segmentation is done for both 2-Ethylhexanol and its applications to study the market scope for geographical regions that are segmented as Asia-Pacific, North America, Europe, and ROW. Further, the market is witnessing a prominent expansion for its functions in key countries including the U.S., Canada, Mexico, Germany, Brazil, U.K., Italy, Poland, and many others like China, Japan, South Korea, Taiwan, Frame, along with India, and Saudi Arabia.
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Industry News
Also, China, as a part of the global market is the largest producer of automobiles in the world, along with the presence of manufacturing bases for all the leading automobile companies. The Chinese automotive industry, as a part of the APAC region, has recorded a negative growth rate in 2018 and 2019. However, with upcoming projects on variations like hybrid and EV vehicles, the automotive sector in China will see an upsurge in growth rate. The electronics manufacturing industry is likely to be continually shifting toward China. This is a result of low cost and increasing demand for the variety of electronics products. Growing household income is another prominent factor driving the market growth.
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