2-Ethylhexanol is a colorless liquid that is poorly soluble in water and in most organic solvents. It has numerous applications such as flavors, solvents, and fragrances and especially as a precursor for the production of other chemicals such as emollients and plasticizers. It possesses a high boiling point, insecticides, low volatility solvent for fats, waxes, and dyes. It has applications in coatings and heavy metal industries and also used as an octane booster when reacted with nitric acid.
MARKET SCOPE
The "Global 2-Ethylhexanol Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the 2-ethylhexanol market with detailed market segmentation by application, and geography. The report provides key statistics on the market status of the leading 2-ethylhexanol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global 2-ethylhexanol market is segmented into plasticizers, solvent, chemical intermediate, and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for chemicals across various industries, including paints & coatings, adhesives, and construction industries.
- Growth in the coatings industry.
Restraints:
- The toxic nature of 2-ethylhexanol, when exposed to humans, may result in dizziness, headache, throat irritation, and sore eyes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 2-ethylhexanol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 2-ethylhexanol market in these regions.
IMPACT OF COVID-19 ON 2-ETHYLHEXANOL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the 2-ethylhexanol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from 2-ethylhexanol market are anticipated to lucrative growth opportunities in the future with the rising demand for 2-ethylhexanol in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 2-ethylhexanol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- China National Petroleum Corporation
- Eastman Chemical Company
- Elekeiroz Sa
- Formosa Plastics Group
- Grupa Azoty Spólka Akcyjna
- Lg Chem Limited
- Oxea Gmbh
- Saudi Basic Industries Corporation
- Sinopec
- SABIC
- Mitsubishi Chemical Corporation
- Tianjin Bohua Yongli Chemical Industry Co., Ltd
- Perstorp Orgnr
- Henan GP Chemicals Co.,Ltd
- Mosselman s.a.
- Oltchim S.A.
- Sigma-Aldrich Co. LLC.
- Sibur
- Shazand Petrochemical Company