Global Demand For 2-Ethylhexanol Is Being Fueled By A Considerable Increase in the Usage of Plasticizers for Construction, Automobiles, Plastic, Rubber, and Pharma Industries

Rockville, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The 2-Ethylhexanol Market revenues were estimated at US$ 6.5 Bn in 2021 and is anticipated to grow at a CAGR of 6.8% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 13 Bn.

The key revenue drivers which affect the demand for 2-Ethylhexanol include an increase in the demand of plasticizers, acrylate, nitrate and strict industrial emissions laws in various countries.

The key application for 2-Ethylhexanol Market include Plasticizers where the rise is seen due to the increase in the market for flexible polyvinyl chloride. The market for plasticizers is also increasing due to the increase of 2-Ethylhexanol usage in various industries such as rubber, paints, pharmaceutical and construction. Besides, the market is also increasing due to the increased public awareness about non-phthalate plasticizers.

Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7920

Key Takeaways from the Study

• 2-Ethylhexanol Market was valued at US$ 6.5 Bn in 2021. According to Fact.MR, 2-Ethylhexanol Market revenue would increase 1.9X between 2022 and 2032, reaching roughly US$ 13 Bn in 2032.

• In terms of Application, Plasticizers application is projected to account for the highest projected CAGR of over 5.5%.

• In terms of region, North America accounted for the largest market, growing at a CAGR of 5.6% during 2017 – 2032.

• US is the dominant country in 2-Ethylhexanol Market with an absolute dollar growth opportunity of over US$ 1.8 Bn. Behind U.S., the market in China is expected to register an absolute dollar growth of US$ 988.3 Mn.

Get Customization on this Report for Specific Research Solutions:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7920

Competitive Landscape

Some of the key players operating in the 2-Ethylhexanol Market include The Dow Chemical Co, BASF SE, Eastman Chemical Company, Mitsubishi Chemical Corporation, LG Chem Ltd, Sigma-Aldrich, SABIC Industries, Grupa Azoty, Zak S.A., and Formosa Plastic Group.

Some of the recent developments in the 2-Ethylhexanol Market are:

• In September 2021, Arkema was purchased by US-based food company Cargill Inc for an undisclosed sum. The company will be able to offer a wider range of products to its customers in the plastics, automotive, medical, furniture, flooring, and specialty chemicals industries as a result of this combination of Arkema's production capabilities and Cargill's bio-industrial knowledge.
  
  

• In January 2019, The Adani Group and BASF have formed a joint venture to build a Rs 16,000 crore factory in Gujarat's Mundra to serve the petrochemical market. With this investment, production facilities for oxo-C4 (butanols and 2-ethylhexanol), propane dehydrogenation (PDH), glacial acrylic acid (GAA), and other downstream products were built, developed, and operated.
  

Prominent Players

• The Dow Chemical Co

• BASF SE

• Eastman Chemical Company

• Mitsubishi Chemical Corporation

• LG Chem Ltd

• Sigma-Aldrich

• SABIC Industries

• Grupa Azoty

• Zak S.A

• Formosa Plastic Group

Get Full Access of Complete Report:
https://www.factmr.com/checkout/7920

2-Ethylhexanol Industry Segmentation

• By Application:

  • Plasticizers

  • 2-EH Acrylate

  • 2-EH Nitrate

  • Other Applications

• By Region:

  • North America

  • Latin America

  • Europe

  • APAC

  • MEA
    

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the 2-Ethylhexanol Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in 2-Ethylhexanol Market in terms of Application (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, Catalyst and Other Applications) and in terms of Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Check out more related studies published by Fact.MR Research:

Ethyl Polysilicate Market - The global market for ethyl polysilicate is expected to grow at a CAGR of more than 4%, reaching a valuation of more than US$ 450 Million during 2022-2032.

Ethyl Acrylate Market - The present market shares of ethyl acrylate account for USD 8.63 Billion. The market is expected to grow with a CAGR of 6.2% for the forecast duration. The Ethyl Acrylate market is expected to reach USD 16.73 Billion by the end of 2032.

Vinyl Flooring Plasticizers Market - The global vinyl flooring plasticizers market is estimated at USD 1,349 million in 2022 and is forecast to reach USD 1,880 million by 2032, growing with a CAGR of 3.2% from 2022-2032.

Non-Phthalate Plasticizers Market - the widespread use of non-phthalate plasticizers in wall coverings and floors contributes considerably to the increased growth of the global non-phthalate plasticizer industry.

Magnesium Nitrate Hexahydrate Market - Global magnesium nitrate hexahydrate consumption volume surpassed over 1,413 Kilo tons during 2021. The magnesium nitrate hexahydrate market value is anticipated to grow at a CAGR of 3.8% over the forecast period of 2022 to 2032.

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Yash Pathak
Email : yash@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube