2-Ethylhexanol (2-EH) Market to Observe Strong Development by 2024
2-ethylhexanol
is a high boiling point, low volatility solvent for fats, waxes,
insecticides and dyes. It is a colorless liquid that is soluble in
organic solvents and has emollient properties. It is primarily used
to manufacture low volatility esters such as dioctyl phthalate. It is
a key ingredient for manufacturing plasticizers, lubricants and other
chemical products. It is industrially produced through aldol
condensation of n-butyraldehyde, and subsequent hydrogenation of
hydroxyaldehyde. It has applications in coatings and heavy metal
industries. It is used as an octane booster when reacted with nitric
acid. 2-ethylhexanol is a key feedstock for manufacturing a range of
chemicals which is further used in industries such as construction,
automotive and paints among others. It is used as a wetting agent in
the textile industry. There is high demand for 2-ethylhexanol from
the plasticizer manufacturing industry.
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Application
of 2-ethylhexanol include plasticizers, 2-EH acrylate, 2-EH nitrate
and others which are extensively used in various industries. Growing
demand for chemicals across various industries is in turn, expected
to drive the demand for 2-ethylhexanol. Additionally, stringent norms
on industrial emissions are driving the demand for high performance
fuels which in turn, is expected to augment 2-ethylhexanol nitrate
production. Furthermore, growth in the coatings industry is
anticipated to fuel the demand for 2-ethylhexanol in the near future.
However, the declining trends of dioctyl phthalate may curb the
demand for 2-ethylhexanol over the next few years. Furthermore, it is
toxic to humans when exposed and results in dizziness, headache,
throat irritation and sore eyes. Thus, regulations on the use of
2-ethylhexanol may hamper the market within the forecast period.
The
2-ethylhexanol market is expected to demonstrate substantial growth
within the forecast period thanks largely to the promise shown by
China – a country that is driving the demand not only in APAC but
also worldwide. In 2012, Asia Pacific consumed 60% of the global
production of this 2-EH.
Moreover,
the rising demand for phthalate plasticizers in emerging economies
such as China, Vietnam, India, and Indonesia may stimulate the demand
for 2-ethylhexanol in the near future. Growing chemical industry
applications have been the top growth enabler for demand in North
America. In the region, the U.S. and Canada are seen as major
contributors to demand and revenue. Europe follows North America in
terms of demand for 2-ethylhexanol. The demand in these regions is
driven by 2-ethylhexanol acrylate and 2-Ethylhexanol nitrate
manufacturing segments, which are used in adhesives and paints. In
Europe, the demand is dominated by 2-EH acrylate and 2-EH nitrate.
The
Rest of the World market is forecast to show strong growth over in
terms of demand through the report’s forecast period. This will be
the result of the higher spending power of consumers in the Middle
East and North Africa. Growth in the construction activities across
the globe is pushing the demand for 2-ethylhexanol within the
forecast period.
Some
of the key companies which manufacture 2-Ethylhexanol acrylate are
Dow Chemical Company, Eastman Chemical Company, Zak S.A, Chengdu XiYa
Chemical Technology Co., Ltd., Tianjin Zhongxin Chemtech Co., Ltd.
and Meryer (Shanghai) Chemical Technology Co., Ltd. among many
others.
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Dow
Chemical manufactures 2-ethylhexanol which is mainly used in coatings
and in extractant production of heavy materials. Eastman Chemical
Company manufactures 2-ethylhexanol for dispersing agents in pigments
pastes. Zak SA produces 2-ethylhexanol which is used in the refining
industry to improve the cetane number. It is also used in the
production of anti-foam agents and forming agents.
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