Global 2-Ethylhexanol (EH) Market was valued at US $ 6.1 Billion in 2022 and is expected to reach US $ 8.1 Billion by 2030 growing at a CAGR of 3.6% during the forecast period 2023 – 2030.
The 2-ethylhexanol (EH) market is a multifaceted and dynamic sector within the chemical industry. EH, a nearly odorless and colorless liquid, serves as a linchpin in various applications across a spectrum of industries. Its primary role lies in the production of plasticizers, enhancing the flexibility and durability of plastic materials. The plasticizers segment is a notable driver of the EH market, responding to the increasing demand for plastics in construction, automotive, and consumer goods. EH's influence extends to paints and coatings, where it elevates adhesion, durability, and flexibility, enhancing coatings' resistance to wear and tear. This segment has experienced substantial growth, propelled by the expansion of the construction and automotive sectors. Moreover, EH contributes to adhesives, improving their adhesive properties and overall performance, and finds applications in various chemical intermediates, showcasing its versatility.

The market also aligns with sustainability trends, with EH used in the formulation of water-based coatings and eco-friendly products, ensuring compliance with environmental regulations. Adaptability to changing regulatory requirements is a hallmark of the EH market, guaranteeing safety and compliance in diverse applications. Its global demand footprint spans various geographic regions and industry sectors. Furthermore, innovation and ongoing research drive the EH market, spurring the development of novel formulations and applications, thereby advancing technology. In conclusion, the 2-ethylhexanol market is a multifaceted landscape, underpinned by versatile applications, environmental considerations, regulatory adaptability, and a strong commitment to research and innovation, serving as a critical component in numerous industries, from plastics to coatings and beyond.

Some of the benefits of designing a 2-Ethylhexanol (EH) Market include:

• Diverse Utility: EH exhibits remarkable versatility, finding applications across an array of industries, including paints, plastics, adhesives, and chemical intermediates, rendering it an indispensable component in numerous contexts.
• Enhanced Product Performance: EH is renowned for its capacity to elevate product performance, notably in the realm of coatings. It enhances adhesion, flexibility, and durability, fortifying coatings against wear and tear.
• Sustainable Compatibility: EH plays a pivotal role in the development of eco-friendly products, particularly water-based coatings, aligning seamlessly with sustainability and environmental regulations.
• Regulatory Flexibility: The EH market is adaptable and can readily respond to shifting regulatory requirements, including constraints on hazardous substances. It offers compliant alternatives for a wide range of applications.
• Universal Appeal: Demand for EH extends its reach across diverse geographic regions and industry sectors, contributing to a robust and dependable market for both producers and suppliers.
• Driving Innovation: The EH market fosters a culture of continual research and innovation, propelling the creation of fresh formulations and applications, thereby facilitating technological progress.

COVID -19 Impact

The impact of the COVID-19 pandemic on the 2-ethylhexanol (EH) market was multifaceted. The global supply chain disruptions, prompted by lockdowns and restrictions, temporarily hindered EH production and distribution. Reduced demand across various industries, including automotive, construction, and manufacturing, resulted from economic uncertainties and lockdown measures. Some EH end-use sectors, such as automotive and aviation, were significantly affected, leading to decreased EH consumption. However, the pandemic also led to surges in specific sectors, most notably in healthcare and pharmaceuticals, where the demand for EH-containing products like sanitizers and disinfectants saw a notable increase.

Pricing in the EH market was influenced by the dynamic market conditions during the pandemic, potentially experiencing fluctuations. As economies began to recover and adapt to the new normal, certain industries, particularly construction, gained momentum due to government investments in infrastructure projects to stimulate economic growth. The pandemic underscored the importance of health and safety, leading to a heightened focus on EH and related chemicals for various applications, particularly those related to sanitization and hygiene. In summary, while the COVID-19 pandemic initially presented challenges for the EH market, including disruptions and reduced demand, it also revealed opportunities in segments emphasizing health and safety. As economies continue their recovery and adaptation, the EH market is anticipated to regain its stride, particularly in industries related to construction and hygiene.

Factors Driving the Market

Drivers

Increasing demand for 2-ethyl hexanol acrylate from the paint and coatings

The surging demand for 2-ethylhexanol acrylate in the paint and coatings industry plays a pivotal role in propelling the growth of the 2-ethylhexanol (EH) market. As construction and infrastructure development projects continue to expand worldwide, the need for high-performance coatings and paints is on the rise. 2-ethylhexanol acrylate, known for enhancing adhesion, flexibility, and weather resistance in coatings, is in high demand, particularly in architectural and industrial painting applications. The consistent growth of the paint and coatings sector, driven by advanced formulations and the industry's shift towards eco-friendly, water-based coatings, positions EH as an essential component, thus driving market expansion. With a global reach and consumer preferences leaning towards top-quality coatings, the demand for EH spans multiple regions, ensuring the EH market's growth is not confined to specific geographical areas. In summary, the increasing utilization of 2-ethylhexanol acrylate in the paint and coatings industry is a substantial catalyst for the EH market's growth, underpinned by the industry's expansion, technological innovation, and evolving consumer expectations. For instance, In 2021, the global paint and coatings industry boasted an estimated valuation of around $160 billion. Projections indicate that by 2029, the market's value is set to exceed $235 billion in the sector. This remarkable growth is primarily underpinned by a burgeoning demand within the construction industry, further bolstered by increasing requirements in various markets, including automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings.

Challenges

Restricted Use of Plasticizers in Various Regions, such as North America and Europe

The restricted use of plasticizers in regions such as North America and Europe exerts a substantial influence on the 2-ethylhexanol (EH) market. With these restrictions in place, EH's role as a versatile chemical gains prominence as industries explore alternative applications. EH's adaptability allows it to find utility beyond its traditional use as a plasticizer, spurring growth in sectors like coatings, adhesives, and specialty chemicals. This shift in demand within the chemicals market encourages innovation and research as manufacturers seek solutions that meet evolving regulatory requirements while delivering desired properties. Furthermore, the global EH market dynamics are shaped by varying regulations in different regions, enabling EH producers to respond to diverse demands. The need for compliance with stringent regulations promotes EH as a regulatory-friendly alternative. As industries diversify the use of EH across various applications and regions, they can navigate the changing regulatory landscape effectively, ensuring the market's adaptability and continued growth.

Trends

Rise in the development of LP Oxo technology

The growth of the 2-ethylhexanol (EH) market is significantly boosted by the increasing development and adoption of LP Oxo (Low-Pressure Oxo) technology. LP Oxo technology offers numerous advantages that contribute to the market's expansion. It enhances production efficiency, allowing for higher EH yields while minimizing resource consumption, making it a cost-effective solution. Additionally, the technology aligns with sustainability goals by reducing environmental impact, including lower emissions of greenhouse gases and pollutants. As EH production capacity increases with LP Oxo technology, it can better meet the growing demand in various industries. The cost-competitiveness, versatility, and commitment to innovation that LP Oxo technology represents also attract investors and customers, further driving market growth. In summary, LP Oxo technology plays a pivotal role in enhancing EH production and fostering market growth, addressing the increasing demand for 2-ethylhexanol across multiple sectors.

Market Segmentation

By Application

• The Plasticizers dominated the 2-Ethylhexanol (EH) Market in 2022.
• The 2-EH Acrylate is the fastest growing segment, growing at a CAGR of 10.7% during the forecast period.

By Application, the global 2-Ethylhexanol (EH) Market is divided into Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Other Applications.
In 2022, the plasticizers segment held a dominant position, representing nearly 56.72% of the total global market revenue. Plasticizers find extensive application in paints, rubber products, adhesives & sealants, and printing inks. Their use in all these applications is subject to strict regulations due to safety concerns. The burgeoning plastics industry, particularly in the Asia Pacific region, is expected to be a driving force behind the increasing demand for plasticizers, consequently benefiting the 2-EH market.

The 2-EH acrylate sector is poised for substantial growth throughout the forecast period. This compound, 2-ethylhexyl acrylate, serves as a crucial monomer in the chemical industry for producing polymers and copolymers. These, in turn, are further processed to create aqueous polymer dispersions. These polymer dispersions find utility across a spectrum of applications, including adhesives and binding agents in paints. Furthermore, 2-EH acrylate plays a pivotal role in various sectors, encompassing coatings, plastics, textiles, and construction applications, such as floor coatings and road-marking materials.

By End-user

• The Paint and Coating segment dominated the 2-Ethylhexanol (Eh) Market in 2022.
• Adhesives is the fastest growing segment, growing at a CAGR of 6.9% during the forecast period.

By End-Use Industries the 2-Ethylhexanol (EH) Market is divided by Paint and Coatings, Adhesives, Industrial Chemicals, and Other End Users.

The primary consumer of 2-ethylhexanol (EH) is the paint and coatings industry. EH plays a crucial role in a diverse range of paint and coating formulations, encompassing applications such as automotive paints, architectural coatings, and industrial finishes. Its incorporation enhances the flexibility, longevity, and water resistance of these coatings.

Meanwhile, the segment exhibiting the swiftest growth in EH utilization is the adhesives industry. EH finds widespread application in the manufacturing of various adhesive types, including hot melt adhesives, pressure-sensitive adhesives, and water-based adhesives. This utilization contributes to the enhancement of adhesion and overall adhesive performance.

By Region

• The APAC region dominated the 2-Ethylhexanol (Eh) Market in 2022.
• The North America region is the fastest growing segment, growing at a CAGR of 8.45% during the forecast period.

By region, the global 2-Ethylhexanol (EH) Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.
The Asia Pacific region dominated the market in 2022, capturing a significant revenue share of 60.2%. Projections suggest that this region will maintain its leading position and is expected to achieve a decent market value by 2030. It's also poised to be the swiftest growing market, primarily driven by escalating demand for 2-ethylhexanol across various industries. This is driven by the increasing demand for phthalate plasticizers, particularly in emerging economies like China, India, Indonesia, and Vietnam. Moreover, the ongoing technological advancements and rising levels of disposable income are set to further boost the growth trajectory in this region.

In 2022, Europe secured its position as the second-largest consumer in the global market, contributing to 16.5% of the market share. Anticipated growth in demand for 2-EH acrylate, a key component in acrylic coatings, within the construction and paints & coatings industries, is expected to be a driving force behind the increased demand for 2-ethylhexanol throughout the forecast period. It's worth noting that due to stringent regulations imposed by the EU and REACH concerning the potential adverse effects of the product on human health and the environment, the use of DOP/DEHP is restricted within the region. This regulatory action is likely to exert a negative influence on the product market during the forecast period. Europe is foreseen to experience consistent growth during the forecast period. Regulatory dynamics and the preferences of end-users have compelled European coating companies to innovate by offering multifunctional and sustainable solutions, along with value-added services for their customers. This trend is expected to have a positive influence on the European market in the coming years. Furthermore, the growth of protective and automotive coating industries in the region is set to stimulate demand for these products.

Competitive Landscape

The global 2-Ethylhexanol (EH) Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• Dow Inc.

Dow Chemical Company, now officially known as Dow Inc., stands as a prominent American multinational corporation headquartered in Midland, Michigan, within the United States. It ranks among the world's top three chemical manufacturers. Dow Inc. specializes in the production of a diverse array of chemical products, encompassing plastics, petrochemicals, specialty chemicals, and agricultural solutions. These products find utility in a wide range of industries, including packaging, infrastructure development, and consumer care. Dow traces its origins back to 1897 when chemist Herbert Henry Dow, based in Midland, Michigan, devised an innovative method for extracting bromine from underground brine deposits. In its initial stages, Dow's product lineup was limited to bleach and potassium bromide. However, the company rapidly broadened its offerings to include an array of chemicals, such as magnesium chloride and caustic soda.

• BASF SE

BASF SE, a multinational chemical corporation based in Ludwigshafen, Germany, holds the distinction of being the largest chemical manufacturer globally. With a vast global presence, BASF boasts a workforce of more than 111,000 employees and conducts its operations in over 90 countries. The company's extensive product portfolio encompasses a diverse array of chemicals, spanning plastics, petrochemicals, specialty chemicals, and agricultural offerings. These products find application across a wide spectrum of industries, including automotive, construction, electronics, and the food and beverage sector. BASF is unwavering in its dedication to sustainability, actively striving to minimize its environmental footprint and develop sustainable innovations. The company has established a firm commitment to achieving net-zero greenhouse gas emissions by the year 2050.

• Eastman Chemical Company

Eastman Chemical Company is a multinational corporation based in Kingsport, Tennessee, USA, with a rich history dating back to its establishment in 1920. This company specializes in the production of a wide spectrum of advanced materials, chemicals, and fibers designed for a multitude of everyday applications. Eastman operates on a global scale and maintains a workforce of approximately 14,500 employees worldwide.

• SABIC
• Mitsubishi Chemical Corporation
• LG Chem
• INEOS
• NAN YA PLASTICS CORPORATION
• OQ Chemicals GmbH
• Elekeiroz
• Grupa Azoty ZakÅ‚ady Azotowe KÄ™dzierzyn SpóÅ‚ka Akcyjna
• Sigma-Aldrich
• Exxon Mobil Corporation
• Andhra Petrochemicals Limited
• Saudi Basic Industry Corporation
• Arkema
• Formosa Plastics Corporation
• TIANJIN ZHONGXIN CHEMTECH CO.,LTD.
• Shandong Haiwang Chemical Co., Ltd
• Merck KGaA

Recent Developments

• In December 2022, the Saudi Basic Industries Corporation (SABIC) inaugurated a new industrial chemicals facility in Jeddah. This state-of-the-art factory is poised to bolster Saudi Arabia's standing as a reliable source of safe plasticizers, which find extensive application in various manufacturing processes and plastic-related industries. The Saudi Industrial Chemicals Factory holds the distinction of being the first of its kind in the Kingdom of Saudi Arabia to employ SABIC's ethyl hexanol (2-EH) in the production of dioctyl terephthalate (DOTP), a crucial component in the manufacturing of plasticizers.
• In September 2022, Anqing Shuguang Petrochemical Oxo (Anqing) obtained a licensing agreement from Johnson Matthey (JM) and Dow, enabling them to manufacture approximately 200 kta of 2-ethyl hexanol and 25 kta of iso-butyraldehyde. This license marks the second LP Oxo License for Anqing and represents the 23rd instance of LP Oxo Technology being employed in China. The license is intended to facilitate the expansion of Anqing's oxo business in response to the growing demand in the oxo alcohol market. The new plant is scheduled to commence operations in 2024. Anqing had initially adopted LP Oxo Technology in 2016 for the production of 100 kta of 2-ethyl hexanol, 115 kta of normal butanol, and 23 kta of iso butanol.

Global 2-Ethylhexanol (EH) Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL 2-ETHYLHEXANOL (EH) MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL 2-ETHYLHEXANOL (EH) MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL 2-ETHYLHEXANOL (EH) MARKET, BY APPLICATION

5.1 Overview

5.2 Plasticizers, 2-EH Acrylate

5.3 2-EH Nitrate, and Other Applications

6 GLOBAL 2-ETHYLHEXANOL (EH) MARKET, BY END USER

6.1 Overview

6.2 Paint and Coatings

6.3 Additives

6.4 Industrial Chemicals

6.5 Other End Users

7 GLOBAL 2-ETHYLHEXANOL (EH) MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 Dow

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 BASF SE

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 Eastman Chemical Company

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4  SABIC

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 Mitsubishi Chemical Corporation

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6 LG Chem

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 INEOS

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 NAN YA PLASTICS CORPORATION

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9 OQ Chemicals GmbH

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10 Elekeiroz

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 Grupa Azoty ZakÅ‚ady Azotowe KÄ™dzierzyn SpóÅ‚ka Akcyjna

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 Sigma-Aldrich

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13 Exxon Mobil Corporation

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14  Saudi Basic Industry Corporation

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Andhra Petrochemicals Limited

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 Arkema

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 Formosa Plastics Corporation

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 TIANJIN ZHONGXIN CHEMTECH CO.,LTD.

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 Shandong Haiwang Chemical Co., Ltd

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Merck KGaA

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global 2-Ethylhexanol Market Segmentation

Ethylhexanol by Application: Market Size & Forecast 2023-2030

• Plasticizers
• 2-EH Acrylate
• 2-EH Nitrate
• Other Applications

Ethylhexanol by End Users: Market Size & Forecast 2023-2030

• Paint and Coatings
• Adhesives
• Industrial Chemicals
• Other End Users

Ethylhexanol by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• Dow Inc.
• BASF SE
• Eastman Chemical Company
• SABIC
• Mitsubishi Chemical Corporation
• LG Chem
• INEOS
• NAN YA PLASTICS CORPORATION
• OQ Chemicals GmbH
• Elekeiroz
• Grupa Azoty ZakÅ‚ady Azotowe KÄ™dzierzyn SpóÅ‚ka Akcyjna
• Sigma-Aldrich
• Exxon Mobil Corporation
• Andhra Petrochemicals Limited
• Saudi Basic Industry Corporation
• Arkema
• Formosa Plastics Corporation
• TIANJIN ZHONGXIN CHEMTECH CO.,LTD.
• Shandong Haiwang Chemical Co., Ltd
• Merck KGaA