The Report “Asia-Pacific 2-Ethylhexanol Market (2-EH) by Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, and Others) & Countries - Trends and Forecasts to 2019”, is estimated to reach $5,693.7 million by 2019, growing at a CAGR of 4.4% from 2014 to 2019.
Browse through the TOC of the Asia-Pacific 2-Ethylhexanol Market for an analysis of industry trends and segments, with the help of various tables and figures.
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2-Ethylhexanol (EH) is a colorless, combustible liquid that is poorly soluble in water, but soluble in most organic solvents. It is produced by a three-step process involving the aldol self-condensation of n-butyraldehyde, followed by dehydration and hydrogenation. N-butyraldehyde itself is produced by the catalytic hydroformylation of propylene with synthesis gas. It is an important feedstock used to manufacture various chemicals that further serve diverse industries that include automotive, paints, building & construction, and various other manufacturing industries.
The rapid industrialization in the developing countries of the Asia-Pacific region, combined with the rapid economic growth, owing majorly to various industries such as chemicals, automobiles, and building & construction, among others, is expected to drive the demand for 2-ethylhexanol in Asia-Pacific in the coming years. 2-EH is a petrochemical that is not available in different grades or with any particular specifications. It implies that the product is identical, irrespective of the supplier or the manufacturer; hence, companies find it very difficult to enter or sustain in the market. In this situation, competitive pricing is the only way by which companies obtain an edge over competitors. The leading companies are always trying to reduce prices, which is creating greater demand in the market, and is thus a major market driver in this region.
The report comprehensively covers the Asia-Pacific 2-ethylhexanol market, which has been segmented on the basis of applications, ingredients, and countries. The major applications of 2-ethylhexanol include 2-ethylhexyl acrylate, 2-ethylhexyl nitrate, and plasticizers. By ingredients, the market has been categorized into propylene and syngas. The major countries covered in the report are India, China, Taiwan, South Korea, and Japan, among others.
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