Global 2-Ethylhexanol (2-EH) Market Size to worth USD 8.60 Billion by 2033: Market Study Report

Global 2-Ethylhexanol (2-EH) Market Size to worth USD 8.60 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global 2-Ethylhexanol (2-EH) Market Size is Expected to Grow from USD 6.43 Billion in 2023 to USD 8.60 Billion by 2033, at a CAGR of 2.95% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global 2-Ethylhexanol (2-EH) Market Size, Share, and COVID-19 Impact Analysis, By Application (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Others), By End-Use (Building & Construction, Electrical & Electronics, Automotive, Personal Care, Food & Beverage, Agriculture, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

2-Ethylhexanol, an amber-colored liquid with high water solubility, is crucial for lubricant, plasticizer, and chemical product production, with N-Butyraldehyde condensed with aldol and hydrogenated. Urbanization and consumer purchasing power are driving the 2-ethylhexanol (2-EH) market, and stringent pollution laws are driving up demand for high-performance fuels. Future expansion is also anticipated to be driven by the plasticizer manufacturing sector. The market is anticipated to grow as a result of developing markets and technological developments. Growth in the chemical sector is anticipated in the upcoming years as a result of increasing supply and research and development. The 2-Ethylhexanol (2-EH) market is expanding because of the building industry's increased need for paints and coatings. Its use in a variety of industries, including rubber, plastics, vehicles, construction, personal services, and medications, as well as improvements in infrastructure in developing nations, are responsible for the growth. However, 2-ethylhexanol is a volatile organic molecule that causes health issues for aquatic species and indoor air quality since it is extremely irritating to the skin, eyes, and respiratory system.

The plasticizers segment is predicted to hold the greatest market share through the forecast period.

Based on the application, the 2-ethylhexanol (2-EH) market is classified into plasticizers, 2-EH acrylate, 2-EH nitrate, and others. Among these, the plasticizers segment is predicted to hold the greatest market share through the forecast period. Although plasticizers are used in many products, such as printing inks, latex and rubber sealants, and acrylic paints, their use is limited because of their potential for harm. The 2-EH market is anticipated to gain from the anticipated rise in plasticizer demand brought about by the expansion of the plastics sector in Asia Pacific.

The automotive segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the end-use, the 2-ethylhexanol (2-EH) market is divided into building & construction, electrical & electronics, automotive, personal care, food & beverage, agriculture, and others. Among these, the automotive segment is anticipated to hold the greatest market share during the projected timeframe. 2-ethylhexanol is used as a fuel and lube additive in automobiles to reduce CO2 emissions and minimize environmental risks. It is used for plasticized PVC, underbody coating, seats, and filter housing. It also processes 2-EH nitrate, a diesel fuel improver, reducing combustion latency, noise, shock loads, and fuel consumption.

North America is estimated to hold the largest share of the 2-ethylhexanol (2-EH) market over the forecast period.

North America is estimated to hold the largest share of the 2-ethylhexanol (2-EH) market over the forecast period. Rising immigration, growing housing and automobile demand, and the need for coatings in the world's top automotive and aerospace industries are all predicted to contribute to North America's projected substantial rise and increase in demand for 2-ethylhexanol.    

Asia Pacific is predicted to have the fastest CAGR growth in the 2-ethylhexanol (2-EH) market over the forecast period. The Asia Pacific market for 2-ethylhexanol is expected to grow rapidly due to increasing demand from various sectors. China's economic potential is driving this growth, making it the world's largest market for 2-EH. As demand increases, local manufacturers are increasing their production capacity.

Company Profiling

Major key players in the 2-ethylhexanol (2-EH) market include OXEA GmbH, LG Chem Ltd., BASF SE, China Petroleum & Chemical Corp (Sinopec Corporation), Eastman Chemical Company, Nan Ya Plastics Corp., GrupaAzoty S.A., INEOS Holdings Limited, SABIC, Mitsubishi Chemical Corporation, and Tianjin BohuaYongli Chemical Industry Co., Ltd., and Others. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 2-ethylhexanol (2-EH) market based on the below-mentioned segments:

Global 2-Ethylhexanol (2-EH) Market, By Application

• Plasticizers
• 2-EH Acrylate
• 2-EH Nitrate
• Others

Global 2-Ethylhexanol (2-EH) Market, By End-Use

• Building & Construction
• Electrical & Electronics
• Automotive
• Personal Care
• Food & Beverage
• Agriculture
• Others

Global 2-Ethylhexanol (2-EH) Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa