The key players in the North American 2-EH Market include Eastman Chemical Company (U.S.), BASF SE (Germany), OXEA (Germany), and The Dow Chemical Company (U.S.).
(PRWEB) March 24, 2015
The North American 2-Ethylhexanol Market is projected to reach a value of $1,438.0 million by 2019, at a CAGR of 3.9% between 2014 and 2019.
Browse through the TOC of North American 2-Ethylhexanol Market for an analysis of industry trends, segments & forecasts.
2-Ethylhexanol (2-EH) is a colorless, combustible liquid that is produced by a three-step process involving the aldol self-condensation of n-butyraldehyde, followed by dehydration and hydrogenation. Its main application segment includes plasticizers, 2-EH acrylate, 2-EH nitrate, and others.
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The factors that are driving the growth of 2-EH market in North America include increasing applications, technological advancements, increase in the number of domestic manufacturers, and increasing government support.
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The U.S. dominates the 2-EH market in North America with a market share of 73.4% in 2014. This large share is attributed to the availability of cheap raw materials and emerging new markets. Mexico and Canada are estimated to witness significant growth in coming years with the allied industries expected to stabilize the overall business needs in the respective regions.
The report presents the North American 2-EH market forecast in terms of value and volume. This analysis covers the important developments, expansions, agreements, and mergers & acquisitions in the market in recent years.
The NA 2-EH market was valued at $1,117.1 million in 2014, and is projected to reach $ 1,438.0 million by 2019, registering a CAGR of 5.2% between 2014 and 2019. The high demand across the industries, such as automobile sector, manufacturing industries, rubber, chemical, pharmaceuticals, and other industries will increase the overall 2-Ethylhexanol (2-EH) market consumption.
The key players in the North American 2-EH market are Eastman Chemical Company (U.S.), The Dow Chemical Company (U.S.), OXEA (Germany), and BASF SE (Germany).
Asia-Pacific 2-Ethylhexanol Market
The 2-EH market in Asia-Pacific is expected to grow at a CAGR of 4.4% from 2014 to 2019. The emergence of Dioctyl Phthalate (DOTP) as substitute to phthalate plasticizers and the increasing demand for phthalate plasticizers in Asia-Pacific are the key drivers for the growth of the Asia-Pacific market for 2-EH. Continuous technological advancements and innovations in the applications of 2-EH and the increasing plant capacities of the leading players with the help of the LP Oxo technology from Dow & Davy have proved to be helpful in the growing demand of 2-EH.
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