According to Market Research Reports Search Engine, the global 2-Ethylhexanol market is anticipated to witness significant market valuation and a robust growth rate during the period of assessment 2017-2025. The 2-Ethylhexanol market has seen positive growth trend since past years. In 2016, the global 2-Ethylhexanol market was valued at around US$ 7 Bn and is reflected a value of about US$ 7.5 Bn by 2017. The global market for 2-Ethylhexanol is estimated to touch a valuation of more than US$ 12 Bn by the end of the year of assessment. The global market is poised to grow at a robust rate to register a robust value CAGR of 6.0% throughout the period of forecast. This growth is pushed by the use of 2-Ethylhexanol in various applications owing to its superior characteristics, increasing demand for 2-Ethylhexanol in solvent applications and chemical intermediates, growing use in agrochemical applications and growth in the extractive metallurgy operations.
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Chemical intermediaries and solvents to fuel the growth of the global 2-Ethylhexanol market in the coming years
The research is comprised of analysis pertaining to various market segments, of which the application category represents the adoption scenario of 2-Ethylhexanol in various industrial applications across the globe. The use of 2-Ethylhexanol in chemical intermediaries and solvents is expected to rise in the coming years. The chemical sector growth is expected to contribute to the growth of the global 2-Ethylhexanol market. The adoption of 2-Ethylhexanol in chemical intermediaries and solvents is expected to generate a revenue of more than US$ 9 Bn by the end of the year of assessment (2025). In 2017, the chemical intermediaries and solvents application segment stood a value of around US$ 5.5 Bn. This 1.6x growth in revenue from this segment can be attributed towards increasing use of esters of 2-Ethylhexanol as feed stock in the manufacturing of lubricants and plasticizers. Apart from esters, 2-Ethylhexanol is also used in the manufacturing of other chemical intermediaries such as glycol ethers and acrylates. The chemical intermediaries and solvents application segment is projected to grow at a faster pace to reflect a value CAGR of 6.1% throughout the period of assessment, 2017-2025.
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Tug of war between agrochemicals and metallurgy segments to be observed in the coming years
2-Ethylhexanol is also used in agrochemicals and metallurgy sectors. 2-Ethylhexanol are used in pesticides in the agrochemical sector. In metallurgy, 2-Ethylhexanol is used in the manufacturing of extractants that are used in the extraction of heavy metals. The agrochemical segment reflected a value of about US$ 444 Mn in 2017 and is estimated to reach a value of more than US$ 685 Mn by the end of the year of assessment (2025), growing at a value CAGR of 5.5% throughout the period of assessment. On the other front, the metallurgy segment is poised to register a steady growth rate during the forecast period to reach an estimation a bit lower than US$ 685 Mn by 2025 end. The agrochemical segment contribution to the global market’s growth is comparatively larger than the metallurgy segment.
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