2-ETHYLHEXANOL (2-EH) MARKET by APPLICATIONS (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & GEOGRAPHY — Trends & Forecasts to 2018
Total Page:16
File Type:pdf, Size:1020Kb
2-ETHYLHEXANOL (2-EH) MARKET BY APPLICATIONS (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & GEOGRAPHY — Trends & Forecasts to 2018 MarketsandMarkets [email protected] www.marketsandmarkets.com 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright © 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages | 2 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 1 EXECUTIVE SUMMARY The global 2-EH industry is witnessing high growth on an account of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. It is largely used in industries such as plasticizers, 2-EH acrylate, and 2-EH nitrate. TABLE 1 2-EH: MARKET SIZE, BY GEOGRAPHY, 2011–2018 (KT) CAGR% Region 2011 2012 2013 2018 (2013-2018) Asia-Pacific XX XX XX XX XX Europe XX XX XX XX XX North America XX XX XX XX XX ROW XX XX XX XX XX Total XX XX XX XX XX Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis The overall global market for 2-EH was estimated at about XX KT in 2012 and is further forecasted to augment at XX KT by 2018 growing at a projected CAGR of XX% from 2013 to 2018. Asia-Pacific dominated the global 2-EH market and consumed around XX KT in 2012 and is expected to grow at an estimated CAGR of XX% from 2013 to 2018. Subsequently, Europe and North America were among the major consumers, with an estimated consumption of about XX KT and XX KT in 2012. ROW is expected to be the fastest growing 2-EH market, with the highest CAGR of XX% during the forecast period. The demand of 2-EH in Asia-Pacific and ROW is primarily driven by growing use of plasticizers while 2-EH acrylate and 2-EH nitrate production segments are the key drivers of 2-EH demand in Europe and North America. MarketsandMarkets Sample Pages | 3 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 TABLE 2 2-EH : MARKET SIZE, BY GEOGRAPHY,2011–2018 ($MILLION) CAGR% Region 2011 2012 2013 2018 (2013-2018) Asia-Pacific XX XX XX XX XX Europe XX XX XX XX XX North America XX XX XX XX XX ROW XX XX XX XX XX Total XX XX XX XX XX Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis The global 2-EH market was estimated at about $XX million in 2012 and is further expected to reach $XX million by 2018, growing at a projected CAGR of XX% from 2013 to 2018. Asia- Pacific led the global 2-EH market by accounting for about XX% of the total value in 2012 and is expected to grow at an estimated CAGR of XX% for the forecast period. Europe and North America constitute the second and third largest markets for 2-EH with a value of about $XX million and $XX million in 2012. These two regions collectively accounted for about XX% of the total value garnered by the global 2-EH market in 2012. North American 2-EH market is expected to grow at a fast pace and is estimated to post growth rate of XX% from 2013 to 2018. The drivers of the industry are identified as growing demand in Asia-Pacific and growth in 2-EH acrylate industry. The restraining factor is identified as negative trends of DOP in Europe and North America. The major issue pertaining to the market is shrinking grounds for small capacity plants. Industry players are following strategies such as capacity expansions and technological innovations to address the demands generated by end-user industries in developing countries. Key participants in the market include SINOPEC (China), OXEA GmbH (Germany), LG Chem Ltd. (South Korea), Eastman Chemical Company (U.S.), BASF SE (Germany), and Formosa Plastics Group (Taiwan). MarketsandMarkets Sample Pages | 4 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 2 PREMIUM INSIGHTS This chapter highlights points within the global 2-EH market and business space. This industry is growing at a fast pace mainly due to high demand in China. The next set of illustrations will brief about the major activities in the 2-EH industry. 2.1 2-EH MARKET SEGMENTS The global demand for 2-EH is segmented on the basis of geography and applications. The basic overview of segmentation is illustrated in the figure below. FIGURE 1 2-EH MARKET SEGMENTS 2-EH Market Segmentation Application Geography Plasticizers Asia-Pacific 2-EH Acrylate Europe 2-EH Nitrate North America Others ROW Decreasing Order of Revenue Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Pages | 5 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 2.2 2-EH MARKET DYNAMICS There are certain factors that prevail in the market which decide the pace at which it progresses. The key dynamics of 2-EH market are highlighted in the figure below. FIGURE 2 2-EH: MARKET DYNAMICS . Growing demand in Asia-Pacific . Negative trends of DOP in Europe & North . Growth in 2-EH acrylate industry America Global 2-EH Market . DOTP market development . Shrinking grounds for small . Strict norms pushing the demand capacity plants f or high performance fuels . Forward integration Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis The above factors may enable a firm to strategically target various opportunities in the market and the key factors that may enable 2-EH players to have an edge over the others in the near future. MarketsandMarkets Sample Pages | 6 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 FIGURE 3 2-EH: MARKET SHARE (VOLUME), BY REGION, 2012 & REGIONAL DEMAND, 2011–2018 2018 2018 2013 2013 2012 2012 2011 2011 XX XX XX XX XX XX XX XX XX XX XX XX XX XX Demand (KT) XX% Demand (KT) Asia-Pacific XX% Europe XX% North America XX% ROW 2018 2018 2013 2013 2012 2012 2011 2011 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX Demand (KT) Demand (KT) Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis The above figure shows the region wise split of global 2-EH market. Asia-Pacific is the leading region in terms of 2-EH consumption, followed by Europe and North America. Further, it shows the current demand and forecast for 2018 in each region. MarketsandMarkets Sample Pages | 7 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 2.3 2-EH APPLICATIONS MARKET 2-EH is a feedstock for manufacturing various industrial chemicals including plasticizers, 2-EH acrylate, and 2-EH nitrate. It is also used as a direct solvent. The figure below shows the share of each application in its consumption. FIGURE 4 2-EH MARKET SHARE (VOLUME), BY APPLICATION, 2012-2018 2012 (%) 2018 (%) XX XX XX XX XX XX XX XX XX Plasticizers XX 2-EH XX Acrylate XX 2-EH XX Nitrate XX XX Others XX Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Pages | 8 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 3 MARKET OVERVIEW 3.1 INTRODUCTION 2-Ethylhexanol (2-EH) is an eight carbon branched chain oxo alcohol having a high boiling point and slow evaporation rate. It is a versatile solvent with an excellent reactivity as a chemical intermediate and on account of this tremendous reactivity, 2-EH is widely used in the industry as a feedstock for manufacturing plasticizers, 2-EH acrylate and 2-EH nitrate. It is also used as dispersing agent for pigment pastes. The consumption trends of 2-EH have changed considerably in the recent years, which is majorly due to the restriction imposed by various regulatory bodies on the use of phthalate plasticizers. The market has picked up the pace due to strong growth shown by 2-EH acrylate industry due to budding construction industry. Also, the use of 2-EH nitrate as a cetane improver has contributed significantly in the demand growth of 2-EH. 3.2 VALUE CHAIN ANALYSIS The 2-EH value chain starts with crude oil by-product and moves all the way to end-users through manufacturing and distribution processes. FIGURE 5 2-EH MARKET VALUE CHAIN Raw Materials Technology Distributors End Use . Propylene . Oxo-synthesis of . Companies For producing . Syngas (Co+H2) propylene followed involved in chemicals & by aldol distribution of 2-EH materials including condensation, . Plasticizers (DOP, dehydration, and DOTP, etc.) hydrogenation . 2-EH Acrylate . 2-EH Nitrate . Others Source: Secondary Research and MarketsandMarkets Analysis MarketsandMarkets Sample Pages | 9 2-Ethylhexanol (2-EH) Market – By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, & Others) & Geography — Trends & Forecasts to 2018 The main raw materials that are used for 2-EH manufacturing are propylene and syngas, both are crude oil by-products.