Key Players: BASF SE (Germany), Elekeiroz S.A. (Brazil), Formosa Plastic Group (Taiwan), Grupa Azoty (Poland), China National Petroleum Corporation (China), Eastman Chemical Company (U.S.), LG Chem Limited (South Korea)
(PRWEB) August 17, 2014
The report, “2-Ethylhexanol (2-EH) Market by Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Others) & Geography - Trends and Forecasts to 2018” defines and segments the global 2-EH market with analysis and forecasting of the global consumption volume and value.
Browse 70 market data tables and 24 figures spread through 140 pages and in-depth TOC on “2-Ethylhexanol (2-EH) Market - Trends and Forecasts to 2018.”
The 2-Ethylhexanol market is quite fragmented due to the presence of a large number of players. Asia-Pacific is the biggest market of 2-EH and is also the second fastest growing, after the ROW market. The market is expected to show a significant growth in the future and with this anticipation, more than 500.0 KT of upcoming capacities are in the planning phase. Various market players have integrated their plants so as to reduce the impact of external environment on plant economics.
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2-EH acrylate is employed as a raw material for manufacturing various paints, coatings, and adhesives, so the budding construction industry is ultimately pushing the demand for 2-EH acrylates at a notable pace. Various companies are investing to establish 2-EH acrylate facilities in order to serve the high anticipated demand in the future that includes the planned capacity of 50.0 KT in Saudi Arabia and a 40.0 KT plant in Singapore by Perstorp AB. This might give a huge opportunity to 2-EH market players where they can strengthen their market position by providing sustainable raw material supply to 2-EH application segments.
In terms of development activities, Eastman Chemical Company (U.S.) and OXEA GmbH were the most active players from 2010 to 2013 with a share of 17.6% each of the total tracked development activities. In order to strengthen its market position and meet the increasing demand of 2-EH, Eastman Chemical Company undertook various expansion and acquisition activities. These companies emphasized to meet the demand of the market by adopting alternative manufacturing technology and create a strong position in the emerging market by achieving sustainable development.
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Globally, 2-EH acrylate producer’s consumption is expected to grow at a CAGR of about 5.8% to 2018. In Europe, nearly 40.0% of the total 2-Ethylhexanol demand is by 2-EH acrylate manufacturers, which is far above the global average.
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