In China, various companies received the license for the LP Oxo technology from Dow & Davy. This helped the companies to meet the increasing demand from the end-users of non-phthalate plasticizers in the country. In February 2013, Sinopec obtained the license for the LP Oxo technology to produce 100.0 KT of 2-EH, which was to be used as intermediates for the production of non-phthalate plasticizers at the Anhui Province in China.
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In September 2011, LG Chem Limited planned to expand its acrylic acid plant in Yeosu to a capacity of 360.0 KT by 2012. This resulted in the company meeting the demand for 2-EH acrylate esters and 2-EH, which are manufactured from acrylic acid.
China holds the largest share of the Asia-Pacific 2-EH market. This large share is attributed to various factors, such as increasing use of plasticizers, 2-EH nitrate, 2-EH acrylate, and other applications of 2-EH in the country.
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In-depth profiling of the key players have been conducted in this market analysis, along with the recent developments (including plant capacity expansions, agreements, collaborations, and joint ventures) and strategies adopted by the players to sustain and strengthen their positions in the Asia-Pacific 2-EH market.
The major participants in the 2-EH market include Sinopec Limited (China), LG Chem Limited (South Korea), Shandong Jianlan Chemical Company (China), Tianjin Soda Plant (China), Daqing Petrochemical Company (China), and Nan Ya Plastics Corp (Taiwan).
