2-Ethylhexanol Market Size Expected to Surge with Increased Adoption by 2032

The 2-Ethylhexanol Market's global sales in 2021 were estimated at US$6.5 billion, with a 6.8% growth rate anticipated in 2022–2032.

By 2032, the market is anticipated to be valued at US$13 billion. 2. The ethylenehexanol market for plasticisers is anticipated to produce the most income, with a predicted compound annual growth rate (CAGR) of 7.4% from 2022 to 2032.

The primary use of 2-Ethylhexanol is in plasticisers, where growth is attributed to the expanding demand for flexible polyvinyl chloride. The growing use of 2-Ethylhexanol in a variety of industries, including rubber, paints, pharmaceuticals, and construction, is also driving up the market for plasticisers. In addition, the market is growing as a result of more public knowledge about non-phthalate plasticisers.

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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.

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.

Old Source: https://www.globenewswire.com/news-release/2023/02/06/2602202/0/en/Sales-of-2-Ethylhexanol-Market-Is-Expected-To-Reach-a-Valuation-of-US-13-Billion-by-2032-Mentions-Fact-MR.html