Global 2-Ethylhexanol Market Size 2025, Forecast To 2034
5 Mar, 2025
What Has Been the Progress and Growth of the 2-Ethylhexanol Market in Recent Years?
The 2-ethylhexanol market has seen considerable growth due to a variety of factors.
• The market size of 2-ethylhexanol has seen significant expansion in the recent past. Its growth is projected to escalate from $5.93 billion in 2024 to $6.34 billion in 2025, showing a compound annual growth rate (CAGR) of 6.9%. The surge in growth during the historical period can be accredited to factors such as the production of plasticizers, the coating and paint industry, plastic manufacturing, surfactants and detergents, and chemical intermediates.
What Can Be Expected from the 2-Ethylhexanol Market in the Coming Years?
The 2-Ethylhexanol market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for 2-ethylhexanol is projected to experience robust expansion in the upcoming years, reaching $8.54 billion by 2029 at a 7.7% compound annual growth rate (CAGR).
The surge during the forecast period is due to factors such as the growing use of cleaning products, the transition towards eco-friendly chemistry, worldwide economic influences, changes in regulations, and an increase in the demand for adhesives. Notable trends expected during the forecast period include the use of high-quality paints and coatings, industrial growth in emerging markets, the application of adhesives and sealants, the use in the automotive sector, and the employment of surfactants in detergents.
What Are the Critical Driver Fuelling The 2-Ethylhexanol Market's Growth?
The advancing auto industry is likely to propel the 2-ethylhexanol market in the future. The auto industry includes businesses engaged in the creation, distribution, retail, and servicing of motor vehicles. 2-ethylhexanol, known for its flexibility, toughness, and longevity, is employed in the production of plasticized PVC (polyvinyl chloride) in cars, thereby escalating its demand. For instance, as per the European Automobile Manufacturers Association, a Belgium-based organization, North America's automotive production stood at 13.596 million vehicles in May 2023. The number shot up to 14.901 million units by 2022, signifying a noticeable 9.6% annual growth in regional automobile production. Consequently, the expanding auto industry is fueling the rise of the 2-ethylhexanol market.
How Is The 2-Ethylhexanol Market segmented?
The 2-ethylhexanol market covered in this report is segmented –
1) By Type: Sapphire, Ruby, Emery
2) By Delivery Form: Bulk Containers, Flexitanks, Drums Or IBC(Intermediate Bulk Containers)
3) By Application: Plasticizers, Non-phthalate, Phthalate, 2-EH Nitrate, 2-EH acrylate, Other Applications
4) By End-User: Paint And Coatings, Adhesives, Chemicals, Building And Construction, Other End Users
Subsegments:
1) By Sapphire: Synthetic Sapphire, Natural Sapphire
2) By Ruby: Synthetic Ruby, Natural Ruby
3) By Emery: Natural Emery, Synthetic Emery
What New Trends Are Influencing The 2-Ethylhexanol Market?
In the 2-ethylhexanol market, the primary trend driving popularity is product innovation. The predominant corporations in the 2-ethylhexanol market are concentrating on introducing novel applications of 2-ethyl hexanol to solidify their market standing. For example, in June 2022, Perstorp, a chemical industry based in Sweden, unveiled a 2-ethyl hexanol product mainly utilizing 25% of renewable raw materials, in line with a traceable mass balance approach. This pioneering product grade is the first globally to partially base 2-ethyl hexanol on renewable organic ingredients. It enhances Perstorp's reputation as a provider of sustainable solutions, catering to the increasing demand for more eco-friendly options in various applications.
Who Are the Key Players In The 2-Ethylhexanol Market?
Major companies operating in the 2-ethylhexanol market include:
• The Dow Chemical Company
• BASF SE
• Eastman Chemical Company
• Saudi Basic Industries Corporation
• Grupa Azoty S.A.
• Mitsubishi Chemical Corporation
• LG Chem Ltd.
• Tianjin Bohua Yongli Chemical Industry Co. Ltd.
• Henan GP Chemicals Co. Ltd.
• Mosselman S.A.
• Oltchim S.A.
• Sigma-Aldrich Co. LLC
• SIBUR International GmbH
• Elekeiroz S.A.
• Shazand Petrochemical Company
• The Andhra Petrochemicals Ltd.
• Azotowe KATMdzierzyn
• Formosa Plastic Group
• Merck KGaA
• Meryer (Shanghai) Chemical Technology Co. Ltd.
• OQ Chemicals
• Sinopec
• Shandong Jianlan Chemical
• China National Offshore Oil Corporation
• INEOS Group
• Sasol Limited
• ExxonMobil Chemical
• Evonik Industries AG
• Shell PLC
• Mitsui Chemicals Crop & Life Solutions Inc.
• PJSC SIBUR Holding
What Is The Most Dominant Region In The 2-Ethylhexanol Market?
Asia-Pacific was the largest region in the 2-ethylhexanol market in 2024. The regions covered in the 2-ethylhexanol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.