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India 2-Ethylhexanol Market Size, Share to Grow at a CAGR of 6.00% by FY2035 | ChemAnalyst

The India 2-Ethylhexanol Market is likely to reach around 210 thousand tonnes by FY2035, at a CAGR of 6.00% during the forecasted period.


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ChemAnalyst

7 days ago | 4 min read

According to ChemAnalyst report, “India 2-Ethylhexanol Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The India 2-Ethylhexanol Market is likely to reach around 210 thousand tonnes by FY2035, at a CAGR of 6.00% during the forecasted period. The end-user industries like Plasticizer (DOP), 2 EHA Derivatives, and Lubricant Additive are anticipated to further propel the 2-Ethylhexanol Market in India in the forthcoming years.

2-Ethylhexanol (2 EHA) is a colourless, combustible liquid that is soluble in most organic solvents but poorly soluble in water. It is produced by a three-step process involving the aldol self-condensation of n-butyraldehyde followed by dehydration and hydrogenation. 2-Ethyl hexanol is employed as a solvent to manufacture plasticizers like vinyl chloride plasticizer, and bis(2-ethyl hexyl) phthalate. Additionally, 2 EHA is also used to make 2-ethyl hexyl acrylate for application in adhesives and paints. 2 EHA also serves as a chain terminator during condensation polymerization and as an intermediate for manufacturing plasticizers such as Di-Octyl Phthalate (DOP), Di-Methylphenyl Phthalate (DEHP), Di-Ethylhexyl Adipate (DEHA), etc. DOP is a plasticizer commonly used in the Poly Vinyl Chloride (PVC) industry.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-2-ethylhexanol-2-eh-market-93

Rapid industrialization owing to increasing foreign investments and government policies to support the country’s petrochemical sector is being viewed as the key market growth stimulant in the forecast period. Increasing demand for PVC which is a key constituent of our day-to-day items like children’s toys, cables, upholstery, footwear, etc. is anticipated to further propel the 2 EHA demand in the forecast period. Increased consumption of DOP by various industries applications such as medical tubing, blood collection bags, cable and wires, carpet back coatings, flooring, and adhesives would also propel the demand for 2 EHA in the forthcoming years.

The India 2-Ethylhexanol Market is segmented based on end-use, sales channel, and region. Based on end-use, the India 2-Ethylhexanol market is segregated into Plasticizer (DOP), 2 EHA Derivatives, Lubricant Additive, and Others. As of FY2022, Plasticizer (DOP) segment is leading the 2 EHA market with a market share of approximately 67%, followed by the 2 EHA Derivatives industry. Furthermore, DOTP and PVC demand for medical applications such as gloves floor covering, etc., also contributes to the market. With the government’s keen focus on strengthening India’s petrochemicals sector and making it a “self-reliant” country, the market for 2 EHA is likely to show remarkable growth in the upcoming years.  

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Regionally, the Indian 2-Ethylhexanol market is segregated into four regions based on regional consumption: West, South, North, and South. In the historic period of FY2015-FY2022, North India has been leading the market. In FY2022, North India held about 77 percent of the market. Cities like Delhi, Ludhiana, Chandigarh, Lucknow, and others have good consumption efficiency owing to the presence of 2-ethyl hexanol-consuming factories in these locations. Moreover, Gujarat and Maharashtra, also have significant consumption rates due to the presence of a prominent plasticizers market.

 “India 2-Ethylhexanol Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” Major players fulfilling the 2-Ethylhexanol demand in India are The Andhra Petrochemicals Limited and Bharat Petroleum Corporation Limited.

“The rapidly increasing demand of 2-Ethylhexanol as a feedstock to manufacture plasticizers such as dioctyl phthalate (DOP) and Di-Ethylhexyl Phthalate (DEHP) which are further employed by various industries is anticipated to boost the India 2-Ethylhexanol Market in the forecast period until FY2035. With new expansion and construction projects running in the country, the demand for plasticizers and plastics is anticipated to rise, which will most likely expand the India 2-Ethylhexanol market in the forthcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.


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