세계의 2-에틸헥산올 시장 예측(-2032년) : 등급, 공급 형태, 용도, 최종 사용자, 지역별 분석

According to Stratistics MRC, the Global 2 Ethylhexanol Market is accounted for $6.7 billion in 2025 and is expected to reach $8.9 billion by 2032 growing at a CAGR of 4.1% during the forecast period. 2-Ethylhexanol (2-EH) is a branched, eight-carbon fatty alcohol with the molecular formula C8H18O. It appears as a clear, colorless liquid with a mild, sweet odor. Primarily used as a precursor for plasticizers like di(2-ethylhexyl) phthalate (DEHP), it enhances the flexibility of plastics, especially PVC. Additionally, 2-EH serves in coatings, adhesives, lubricants, and as a solvent in various chemical processes. It is produced industrially through aldol condensation of n-butyraldehyde.

According to Statista, the global market volume of 2-ethylhexanol (2-EH) was approximately 4.48 million metric tons in 2022 and is projected to reach around 5.49 million metric tons by 2030.

Market Dynamics:

Driver:

High demand for plasticizers

The 2-ethylhexanol market is primarily driven by the high demand for plasticizers, especially as a key raw material in the production of polyvinyl chloride (PVC) goods. Industries such as construction, automotive, and packaging are expanding rapidly, fueling the need for flexible and durable materials where 2-ethylhexanol-derived plasticizers are essential. Furthermore, the growth in the paints, coatings, and adhesives sectors amplifies market demand. Additionally, ongoing urbanization and infrastructure development in emerging economies further bolster the consumption of 2-ethylhexanol in various end-use applications.

Restraint:

Volatility in raw material prices

Fluctuations in crude oil prices and supply chain disruptions directly impact the cost structure of 2-ethylhexanol production. Moreover, these price swings can erode profit margins for manufacturers and create uncertainty in long-term planning. Additionally, the market faces challenges from environmental and health regulations, which may further affect the availability and cost of raw materials, thereby restraining steady market growth.

Opportunity:

Expanding use in high-performance coatings and sealants

With its excellent solvency and compatibility, 2-ethylhexanol is increasingly being adopted in advanced formulations for industrial, automotive, and construction coatings. Furthermore, as industries seek products with enhanced durability and resistance to environmental factors, the demand for high-performance coatings utilizing 2-ethylhexanol is expected to rise. Additionally, the growing trend toward multifunctional and sustainable solutions in the coatings sector opens avenues for innovation and market expansion.

Threat:

Global shift toward bio-based and sustainable chemicals

Regulatory pressures, coupled with increasing environmental awareness, are prompting industries to seek alternatives to traditional petrochemical-derived products. Moreover, the adoption of stricter environmental standards and the development of eco-friendly plasticizers and solvents challenge the long-term demand for conventional 2-ethylhexanol. Additionally, the slow adoption of green technologies in some sectors may delay this transition, but the overall trend toward sustainability remains a significant threat to market growth.

Covid-19 Impact:

The Covid-19 pandemic had a negative impact on the 2-ethylhexanol market, primarily due to global lockdowns and supply chain disruptions. Manufacturing activities slowed down, and demand from key end-use sectors such as construction, automotive, and paints and coatings declined sharply. Additionally, logistical challenges and workforce shortages further hindered production and distribution. However, as restrictions eased and industrial activities resumed, the market began to recover, with demand gradually returning to pre-pandemic levels, reflecting resilience and adaptability within the industry.

The technical grade segment is expected to be the largest during the forecast period

The technical grade segment is expected to account for the largest market share during the forecast period. This dominance is attributed to its extensive use in industrial applications, particularly in the manufacturing of plasticizers, which are integral to PVC production. Furthermore, technical-grade 2-ethylhexanol is widely employed in the synthesis of acrylates, nitrates, and other industrial chemicals due to its high purity and performance characteristics. Additionally, the growing demand from construction reinforces the segment's leading position.

The flexitanks segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the flexitanks segment is predicted to witness the highest growth rate. Flexitanks offer significant advantages for bulk transportation of chemicals like 2-ethylhexanol, including cost efficiency, reduced risk of contamination, and ease of handling. Moreover, the increasing globalization of chemical trade and the need for flexible, scalable logistics solutions are driving the adoption of flexitanks. Additionally, as manufacturers and distributors seek to optimize supply chains and minimize losses, the flexitanks segment is poised for rapid expansion.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. This leadership is driven by robust industrial growth, especially in China, India, and Japan, where demand from construction, automotive, and chemical industries is exceptionally strong. Furthermore, rising disposable incomes, urbanization, and government-led infrastructure initiatives further stimulate market demand. Additionally, the presence of major manufacturing hubs and expanding production capacities in Asia Pacific reinforce its position as the largest consumer and producer of 2-ethylhexanol globally.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. This growth is fueled by rapid industrialization, increasing investments in infrastructure, and the expansion of end-use industries such as plastics, coatings, and automotive manufacturing. Moreover, China's construction boom and India's burgeoning chemical sector are pivotal in driving this accelerated growth. Additionally, favorable government policies and the shift toward high-value industrial products contribute to the region's dynamic market expansion.

Key players in the market

Some of the key players in 2 Ethylhexanol Market include Dow, BASF SE, Eastman Chemical Company, SABIC, Mitsubishi Chemical Corporation, LG Chem, INEOS, NAN YA Plastics Corporation, OQ Chemicals GmbH, Elekeiroz S.A., Formosa Plastics Corporation, China National Petroleum Corporation, China Petroleum & Chemical Corporation (Sinopec), Grupa Azoty, Sigma-Aldrich, Arkema, Sasol Limited and Evonik Industries AG.

Key Developments:

In February 2025, Eastman announced an off-list price increase of $0.05 per pound or $0.11 per kilogram on Eastman(TM) 2-Ethylhexanol, Eastman(TM) N-Butyl Alcohol, and Eastman(TM) N-Isobutyl Alcohol for North America and Latin America,1 effective February 15, 2025. The increase was attributed to elevated operating costs, particularly in raw materials.

In October 2024, BASF PETRONAS Chemicals inaugurated its second 2-ethylhexanoic acid production line in Kuantan, Malaysia. While primarily for 2-ethylhexanoic acid, the announcement mentions oxo products are key products from the site, and 2-ethylhexanol is a related oxo alcohol used in various applications including plasticizers and 2-ethylhexanoic acid production. The expansion doubles the annual production capacity for 2-ethylhexanoic acid to 60,000 metric tons.

In August 2024, BASF signed a Memorandum of Understanding (MoU) with UPC Technology Corporation (UPC) to strengthen strategic cooperation on plasticizer alcohols and catalysts. As part of this agreement, BASF will supply 2-Ethylhexanol and N-Butanol to UPC from its new Oxo plant at the Zhanjiang Verbund site in China, which is set to start up in 2025. This collaboration aims to support UPC's growing market demands, especially in South China, and explore sustainable solutions.

Grades Covered:

• Technical Grade
• Pure Grade

Delivery Forms Covered:

• Bulk Containers
• Flexitanks
• Drums or IBC

Applications Covered:

• Plasticizers
• 2-Ethylhexyl Acrylate (2-EHA)
• 2-Ethylhexyl Nitrate (2-EHN)
• Other Applications

End Users Covered:

• Paints and Coatings
• Adhesives and Sealants
• Agriculture
• Chemical Manufacturing
• Building and Construction
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global 2 Ethylhexanol Market, By Grade

• 5.1 Introduction
• 5.2 Technical Grade
• 5.3 Pure Grade

6 Global 2 Ethylhexanol Market, By Delivery Form

• 6.1 Introduction
• 6.2 Bulk Containers
• 6.3 Flexitanks
• 6.4 Drums or IBC

7 Global 2 Ethylhexanol Market, By Application

• 7.1 Introduction
• 7.2 Plasticizers
  • 7.2.1 Dioctyl Phthalate (DOP)
  • 7.2.2 Dioctyl Terephthalate (DOTP)
  • 7.2.3 Diisononyl Phthalate (DINP)
  • 7.2.4 Other Plasticizers
• 7.3 2-Ethylhexyl Acrylate (2-EHA)
• 7.4 2-Ethylhexyl Nitrate (2-EHN)
• 7.5 Other Applications

8 Global 2 Ethylhexanol Market, By End User

• 8.1 Introduction
• 8.2 Paints and Coatings
• 8.3 Adhesives and Sealants
• 8.4 Agriculture
• 8.5 Chemical Manufacturing
• 8.6 Building and Construction
• 8.7 Other End Users

9 Global 2 Ethylhexanol Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Dow
• 11.2 BASF SE
• 11.3 Eastman Chemical Company
• 11.4 SABIC
• 11.5 Mitsubishi Chemical Corporation
• 11.6 LG Chem
• 11.7 INEOS
• 11.8 NAN YA Plastics Corporation
• 11.9 OQ Chemicals GmbH
• 11.10 Elekeiroz S.A.
• 11.11 Formosa Plastics Corporation
• 11.12 China National Petroleum Corporation
• 11.13 China Petroleum & Chemical Corporation (Sinopec)
• 11.14 Grupa Azoty
• 11.15 Sigma-Aldrich
• 11.16 Arkema
• 11.17 Sasol Limited
• 11.18 Evonik Industries AG