According to a new report, published by KBV research, The Global 2-Ethylhexanol Market size is expected to reach $8.98 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,307.47 kilo tonnes, experiencing a growth of 24.5% (2020-2023).
The Plasticizers segment is leading the Global 2-Ethylhexanol Market by Application in 2023; thereby, achieving a market value of $5.53 billion by 2031. Plasticizers are substances added to materials, particularly plastics, to increase flexibility, workability, and durability. 2-ethylhexanol is a primary ingredient in producing phthalate-based plasticizers, extensively used in manufacturing products such as vinyl flooring, electrical cables, automotive parts, and various consumer goods. The dominance of the plasticizers segment highlights the ongoing demand from industries reliant on flexible, durable plastic materials.
The Adhesives segment registers a CAGR of 5.2% during (2024 - 2031). Adhesives used in various industries, including packaging, automotive, and construction, often rely on 2-ethylhexanol as a chemical intermediate to produce effective bonding agents. This segment's substantial revenue share reflects the growing demand for adhesives in various industrial and consumer applications. As the construction, packaging, and automotive industries expand, the need for high-quality, durable adhesives continues to drive the demand for 2-ethylhexanol.
Full Report: https://www.kbvresearch.com/2-ethylhexanol-market/
The Asia Pacific region dominated the Global 2-Ethylhexanol Market by Region in 2023; thereby, achieving a market value of $4.7 billion by 2031. The Europe region is expected to witness a CAGR of 4.2% during (2024 - 2031). Additionally, The North America region would obtain a CAGR of 4.6% during (2024 - 2031).
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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