Published on : Nov 07, 2019
Albany, New York, November 7, 2019: 2-ethylhexanol products are referred as inert ingredients used in pesticide products that are not used in food. Pesticide products used in food sector also contain it but with limitation setup by regulatory bodies. 2-ethylhexanoll is used in agriculture as agrochemicals such as pesticides.
Different factors including use in chemical intermediates and application in coatings and paints industry account for the growth in demand for 2-ethylhexanol. Demand of 2-ethyl hexyl acrylate by manufacturers acts a primary source that propels the global 2-ethylhexanol market. Plasticizer manufacturing intermediate and solvent are two of the major applications of 2-ethylhexanol that drive its consumption in chemical intermediates category. An array of factors including rise in chemical industries, growth of agrochemical industries, increased metallurgy activities and urbanization fuel the demand of 2-ethylhexanolk in end use industries.
Global 2-ethylhexanol market amounted to ?US$ 8.6Bn by 2019 end and is anticipated to grow at healthy CAGR for the forecast period 2019-2029. An intelligence report titled, “Global Market Study on 2-Ehylhexanol: Chemical Intermediates & Solvent Applications – Major Demand Drivers” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Developing nations contribute in market growth
Asia Pacific and North America form two major geographical segments of global 2-ethylhexanol market as both the regions have witnessed rapid expansion in industrial infrastructure and chemical industries over past decade. Various sectors including coatings & paints, metallurgy extraction, agrochemicals, chemical intermediates and solvents contribute to the growth in demand for 2-ethylhexanol. Moreover, many developing nations that include India, China and Brazil are undergoing stable economic growth along with increased urbanization that propels global 2-ethylhexanol market growth. China is expected to drive huge 2-ethylhexanol consumptions in Asia pacific region.
Key stake holders profiled in global 2-ethylhexanol market include BASF SE, LG Chem Ltd., Mitsubishi Chemical Corporation, Sigma-Aldrich Co., The Andhra Petrochemicals Ltd. and Shazand Petrochemical Company.
Global 2-ethylhexanol market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global 2-ethylhexanol market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global 2-ethylhexanol market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global 2-ethylhexanol market.
An insightful and deep-dive assessment of the competitive assessment of the Global 2-ethylhexanol market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global 2-ethylhexanol market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global 2-ethylhexanol market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global 2-ethylhexanol market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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