2-Ethylhexanol Pricing Report

2-Ethylhexanol Prices December 2023

The USA 2-Ethylhexanol market saw many struggles in the fourth quarter of 2023 and thus the prices fluctuated. The reduction of prices was a result of low demand from the downstream PVC sector. This situation was exacerbated by the abundant supply of raw materials, essential to produce 2-Ethylhexanol, in the face of disruptions in the supply chain caused by unexpected shutdowns at major propylene feedstock plants, such as Dow Chemical and BASF Total Energies Petrochemicals. Nevertheless, OQ Chemicals initiated a price increase on 2-Ethylhexanol in November signaling some recovery signs in the market. Moreover, stronger construction sector demand anticipated stability in market conditions. 2-Ethylhexanol price, did, however, increase by the quarter end to 1835 USD/MT FOB Louisiana in the USA, proving the market strength and expectations of the recovery period.

The price of 2-ethylhexanol in China for Q4 2023 reached 1803 USD/MT in December. The prevailing economic conditions, as indicated by the slight decline in China’s manufacturing industry PMI during this period, attributed to a weakened demand for the product. Notably, in China, which witnessed substantial changes in prices, the 2-ethylhexanol market experienced a decline with prices diminishing throughout the quarter. This decline was attributed to a combination of factors including reduced demand from downstream industries and an augmented supply resulting from new production capacities.

2-Ethylhexanol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “2-Ethylhexanol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 2-ethylhexanol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 2-ethylhexanol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

2-Ethylhexanol Market Analysis

The global 2-ethylhexanol market size reached US$ 6.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9.2 Billion, at a projected CAGR of 4.60% during 2023-2032.

One of the important factors that drive the market growth of 2- ethylhexanol globally is the strong demand in several end-use industries including paints, coatings, adhesives, and sealants. According to an article in The Financial Express, the Indian paints and coatings industry is expected to witness a growth of 10-12% in FY24. The sector with a market size of over INR 65,000 crores is poised for growth, led by the improvement in consumer sentiment and economic recovery. There is a high possibility that the Indian paints and coatings industry will grow to Rs 1 lakh crore within the next 5 years from the current Rs 62,000 crore, as mentioned in Akzo Nobel India’s annual report. Moreover, the rising use of 2-ethylhexanol as a biofuel additive is an ascendant trend that is a significant growth driver. In addition, the expansion of the construction industry, along with the use of 2-ethylhexanol in products like plasticizers and 2-EH acrylate is significantly influencing the market growth. For instance, the Indian construction sector is going through a major change where the adoption of sustainable practices like building green buildings and application of gypsum board drywalls are being used in construction. This shows that consumers like products made from 2-ethylhexanol that are long-lasting and efficient. According to an article in The Economic Times, the “Cool Roof Policy” is a unique policy for buildings that will make them heat resilient and save energy, was announced by the Telangana government. It is a great step in the manufacturing and usage of 2-ethylhexanol due to modern technology advancements. Consumers also have an interest in products that are derived from 2-ethylhexanol that are durable and perform well, and, as a result, the market is growing. In addition, great progress in the production and application of 2-ethylhexanol due to modern technological achievements is promoting the development of the market. The growing application of 2-ethylhexanol in high-value markets like top coatings and specialty chemicals has fueled the market. The demand for personalized and customized product formulations of 2-ethylhexanol is growing at an even faster pace, thus boosting the overall market growth. The increasing applications of 2-ethylhexanol in both household and industrial use, particularly in emerging economies, are driving the 2-ethylhexanol market growth globally.

2-Ethylhexanol News

The report covers the latest developments, updates, and trends impacting the global 2-ethylhexanol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 2-ethylhexanol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.  

Latest developments in the 2-Ethylhexanol industry:

• In November 2023, Dow Chemical Inc. is set to begin an $11.5-billion facelift and expansion of its Edmonton-area chemicals plant next year, with the company claiming the facility will be the world’s first ethylene cracker that produces net-zero greenhouse emissions.
• In February 2024, Eastman Chemical Company announced a long-term agreement with Nord Pal Plast SA part of Dentist Group, a leading Italian multinational company specializing in the recovery and mechanical recycling of PET packaging waste.

Product Description

2-Ethylhexanol (2-EH) is an organic compound, a higher aliphatic alcohol of the molecular formula C8H18O. This is an odorless liquid that has no color and is poorly water-soluble but miscible with almost all organic solvents. The major application of 2-ethylhexanol lies in the production of plasticizers, especially, dioctyl phthalate (DOP) and dioctyl terephthalate (DOTP) which are necessary to produce flexible PVC. Also, it is an essential compound in the synthesis of 2-ethylhexyl acrylate, which is a part of paints, varnishes, and adhesives. It is used in the production of lubricants, herbicides, and other specialty chemicals. The fact that the compound is not very volatile and that it improves the fluidity and flexibility of polymers highlights the compound’s usefulness in different industrial applications, thus making it an important chemical in the manufacturing sector.

Regional Coverage

The report provides a detailed analysis of the 2-ethylhexanol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global 2-Ethylhexanol Price

The report offers a holistic view of the global 2-ethylhexanol pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.  

Europe 2-Ethylhexanol Price

The European market of 2-Ethylhexanol (2-EH) suffered significant challenges, and low demand, as well as over-supply, were the main factors defining it. The economic slowdown throughout the region resulted in a decline in industrial production, which reduced the need for oxo-alcohols, especially in sectors like paints and coatings. The increase in propylene feedstock prices added more pressure on producers forcing them to adjust production and tighten the profit margins. Maintenance activities of major producers introduced more complexities to the market. Although there was a short burst of market dynamics after an announcement of a price increase by a major chemical company, the prevailing sentiment was bearish due to the low demand and average supply levels. The positive sentiment coming from the automotive industry demand did not help in balancing the effects of the general economic conditions and inflation concerns as a result the market prices had a huge decline reflecting the persistent tough market situation.

This analysis can be extended to include detailed 2-ethylhexanol price information for a comprehensive list of countries.

North America 2-Ethylhexanol Price  

The North American 2-Ethylhexanol market was challenged by several issues, most notably a dip in demand from the PVC segment and abundant availability of raw materials that resulted in price attrition. Supply chain disruptions were also worsened by unexpected shutdowns of critical propylene feedstock units. Yet, despite these challenges, there were indications of a possible revival of the market, which was brought to light by the announcement of one of the industry leaders about a price rise for 2-Ethylhexanol which is a signal of the positive course of the market. Further, positive forecasts about growing demand in the construction sector brought some hope for better market situations, even though the difficulties are being faced. The market’s strength was clear in its capacity to show signals of revival which assured a bright future in the face of failure.

Specific data on 2-ethylhexanol prices within the United States and Canada can also be provided.

Middle East and Africa 2-Ethylhexanol Price

The report explores the 2-ethylhexanol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on 2-Ethylhexanol prices for countries can also be provided.

Asia Pacific 2-Ethylhexanol Price  

In the Asia Pacific region, the 2-ethylhexanol market faced a mix of challenges and dynamics that influenced its pricing trends. Major shutdowns of feedstock propylene plants significantly constrained the supply, while diminished demand from key downstream industries, such as construction and PVC sectors, further impacted the market. Economic indicators, notably a decline in the manufacturing industry's performance, signaled weakened demand for 2-Ethylhexanol. This period saw a notable decline in prices, driven by these demand-supply imbalances and the commencement of new production capacities that augmented supply. Maintenance shutdowns at propylene plants also played a crucial role in affecting the availability of raw materials, reinforcing the bearish market conditions. Despite these challenges, there were signs of stability and potential upward price adjustments, hinting at a complex interplay of market forces within the region.

This analysis can be further extended to include detailed 2-ethylhexanol prices for a comprehensive list of countries within the region.

Latin America 2-Ethylhexanol Price

The analysis of 2-ethylhexanol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.  

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of 2-ethylhexanol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.  
• The study examines factors affecting 2-ethylhexanol price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.  
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.  
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the 2-ethylhexanol industry.