2-Ethylhexanol-Europe constitute 17.5% of Global 2-Ethylhexanol market and are poised to grow its market share to 16.1% by the end of year 2018.
(PRWEB) July 05, 2014
2-Ethylhexanol (2-EH) is a colorless, combustible liquid that is poorly soluble in water but soluble in most organic solvents. The 2-Ethylhexanol market has grown considerably during the past few years, and is expected to grow at a rapid pace in the next five years, mainly driven by growing demand in the Asia-Pacific region.
2-EH acrylate is employed as a raw material for manufacturing various paints, coatings, and adhesives. Thus, the budding construction industry is ultimately pushing the demand for 2-EH acrylates at a notable pace. Therefore, growing 2-EH acrylate demand is a major driver for rising demand for 2-EH.
Top six players accounted for about 36.8% of the global market in 2012. BASF SE (Germany), China National Petroleum Corporation (China), Eastman Chemical Company (U.S.), Elekeiroz S.A. (Brazil), Formosa Plastic Group (Taiwan), Grupa Azoty (Poland), LG Chem Limited (South Korea), OXEA GmbH (Germany), Saudi Basic Industries Corporation (Saudi Arabia), and China Petroleum & Chemical Corporation (China) are some of the leading players of this market.
The European chemical industry is a significant part of European countries’ overall economy, and is traditionally, the world leader in chemical production. In 2012, the 2-EH market value in Europe was $1,249.19 million, and is projected to grow at a CAGR of about 4.5%, during the period 2013 and 2018. Germany has been the major consumer of 2-EH in Europe, followed by France and U.K. Budding demand by 2-EH acrylate manufacturers and increasing demand of 2-EH nitrate is pushing the demand of 2-EH in the region at a considerable pace.
Browse through the market data tables, figures and detailed ToC on the “European 2-Ethylhexanol Market”.
North American 2-Ethylhexanol Market
North America is a diversified market for chemicals due to presence of numerous giant companies in the region.
The plasticizers manufacturing segment contributed the highest to the market, and is estimated to grow at a CAGR of over 7% in the next 5 years. The future growth of the industry would be augmented by the investments in chemical and petrochemical projects, due to recent boom in the shale gas and oil slates in the U.S. and Canada.
Asia-Pacific 2-Ethylhexanol Market
Asia-Pacific is the largest market of 2-Ethylhexanol across the globe, which consumes more than 60.0% of the total global demand. It is also the prime market for most of the end-user products of 2-EH. The region is further expected to show a very high growth in the future, mainly due to high growth potential of the Chinese market. The market is expected to show a significant growth in the future and with this anticipation, more than 500 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.
Asia-Pacific dominated the global 2-EH market and consumed around 2,138.9 KT in 2012, and is expected to grow at an estimated CAGR of 5.9% from 2013 to 2018.
The demand of 2-Ethylhexanol in the region is dominated by plasticizers manufacturers (phthalate and non-phthalate), which consume about 80.0% of the regional demand.
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