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2-Ethylhexanol (2-EH) Market - New Revenue Pockets
2-Ethylhexanol is an organic compound which is an oxo alcohol used in the production of various products. It is an eight carbon alcohol and is a colorless clear liquid that is almost insoluble in water but is well soluble in organic solvents. It is used to manufacture various chemicals that further serve diverse industries that include automotive, paints, and building & construction. Its main application segments include manufacturing of plasticizers, 2-EH acrylate, 2-EH nitrate, and others.
China is the most populated country in the world and the second biggest economy with a high GDP growth. With an enormous economic growth, owing majorly to various industries such as chemical, automobiles, building & construction, and others, the consumption of 2-EH is expected to rise rapidly in the future. China consumes around 31.0% of the global 2-EH which is expected to grow at a CAGR of around 6.4% from 2013 to 2018. This considerable demand growth is driving the 2-EH industry significantly.
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.
DOTP is among the leading products with high demand growth anticipations in the future. As 2-EH is a major feedstock for manufacturing DOTP, its market is supposed to bounce back at a considerable pace once it is commercialized at a global level. This could be an opportunity for market players on which they can capitalize in the future. With a foresight to minimize the environmental hazards occurring profusely due to harmful emissions, 2-EH has emerged as a fuels and a lube additive to CO2 emissions by vehicles. One of the most prominent routes is the production of 2-EH nitrate from 2-EH which can be further employed as a cetane improver in diesel; hence, reducing the emission levels. More than 20.0% of the European demand for 2-EH is by 2-EH nitrate manufacturers that indicate the focus of regional market players to develop it as an alternate to reduce emission levels. The other regions are also incorporating such route which is ultimately driving the demand for 2-EH.
2-Ethylhexanol (2-EH) Market by Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Others) & Geography - Trends and Forecasts to 2018
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