Ethyl Hexanol Prices

Ethyl Hexanol Prices December 2023

In the fourth quarter of 2023, the price of ethyl hexanol in the United States reached 1040 USD/MT by December. Similarly, in Europe, the ethyl hexanol prices hit 1310 USD/MT in the same month. South East Asia also saw ethyl hexanol prices reaching 1035 USD/MT during Q4 2023.

Ethyl Hexanol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethyl Hexanol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ethyl hexanol 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 the spot price of ethyl hexanol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethyl hexanol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethyl hexanol 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.

Ethyl Hexanol Market Analysis

The global ethyl hexanol 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.

• The extensive use of 2-EH in the production of plasticizers, particularly di-2-ethylhexyl phthalate (DEHP), which are essential in manufacturing flexible PVC products is driving the growth of the market. The growing demand for PVC in construction, automotive, and consumer goods is influencing the need for 2-EH. For instance, in December 2023, INEOS Inovyn introduced NEOVYN, the new PVC range with a reduced carbon footprint meeting 2030 market targets on GHG reductions. BIOVYNTM, their current bio-attributed PVC, is optimized to progressively reach a carbon-neutral footprint, becoming the net zero option. For circularity, RECOVYNTM completes the new Sustainable PVC Portfolio, intending for customers aiming to increase recycled content with PVC.
• The expanding construction industry, especially in emerging economies, is boosting the demand for PVC products like pipes, cables, and flooring which is further increasing the need for 2-EH alpha plasticizer precursor. According to the Industry report, the construction sector grew by 13.3% in July-September 2023 compared to the same period in 2022 and by 7.9% compared to the previous quarter, driving up the country's GDP. In general, there was a 24% increase in new residential projects being launched. Forecasts for the whole of 2023 reveal a robust 9.6% real-term expansion.
• The growing automotive sector is enhancing the demand for flexible and durable plastic components, which rely on plastic sizes made from 2-EH which is influencing the market growth. Components such as interior trim, wiring, and hoses benefit from the use of flexible PVC. According to The Economic Times, in March 2024, the Indian auto industry produced a total of 23,25,959 units, covering passenger vehicles, three-wheelers, two-wheelers, and quadricycle. Passenger vehicles accounted for 3,68,086 units, three-wheelers saw 56723 units, and two-wheelers dominated for 1,48,579 units sold during the domestic sales for the month of March 2024. During the first quarter of 2024, the industry produced a total of 73,94,417 units, spanning passenger vehicles, commercial vehicles, 3 Wheelers, two Wheelers, and quadricycles. Passenger vehicles recorded 11,35,501 units, commercial vehicles reached 2,68,294 units, 3 Wheelers stood at 1,64,844 units, and two Wheelers maintained a strong performance with 45 flat 3523 units sold during domestic sales for January to March 2024.

Ethyl Hexanol News

The report covers the latest developments, updates, and trends impacting the global ethyl hexanol 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 ethyl hexanol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethyl hexanol price trend.

Latest developments in the ethyl hexanol industry:

• In May 2024, Dow and SCG Chemicals, or SCGC announced the signing of a first-of-its-kind memorandum of understanding (MOU) circularity partnership in the Asia Pacific region to transform 200KTA of plastic waste into circular products by 2030.
• In February 2024, BASF strengthened its partnership with OQEMA, one of Europe’s leading chemical distributors, about BASF’S standard amines portfolio excluding ethanolamines in the UK and Ireland, effective January 1, 2024. The companies, which have enjoyed a productive partnership in Germany and Eastern Europe for over 2 decades, will now join forces in the UK combining OQEMA’s extensive distribution and sales network and in-depth local market knowledge with BASF’s ability to deliver high-quality, competitively priced products at scale.

Product Description

Ethyl hexanol, specifically 2-ethylhexanol (2-EH) refers to a branched, eight-carbon alcohol commonly used as an industrial chemical. It appears as a colorless, clear liquid with a mild, pleasant odor and is slightly soluble in water but highly soluble in organic solvents. It is primarily used as a precursor in the production of plasticizers, which are substances added to plastics to increase their durability and flexibility. It is notably employed to produce di-2-ethylhexyl phthalate (DEHP), an extensively employed plasticizer in the manufacture of PVC (polyvinyl chloride) products. It serves as a solvent in coatings, paints, and inks due to its good solvency properties. It is also employed in the production of adhesives, surfactants, and lubricants. Its role in enhancing the performance characteristics of various materials makes it a valuable chemical in the industrial sector.

Regional Coverage

The report provides a detailed analysis of the ethyl hexanol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast 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 ethyl hexanol price trend. 

Global Ethyl Hexanol Price

The report offers a holistic view of the global ethyl hexanol pricing trends in the form of ethyl hexanol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of ethyl hexanol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethyl hexanol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ethyl Hexanol Price

European ethyl hexanol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed ethyl hexanol price information for a comprehensive list of countries.

North America Ethyl Hexanol Price

The analysis of ethyl hexanol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific ethyl hexanol historical data within the United States and Canada can also be provided.

Middle East and Africa Ethyl Hexanol Price

The report explores the ethyl hexanol 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 ethyl hexanol prices for countries can also be provided.

Asia Pacific Ethyl Hexanol Price

The ethyl hexanol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This ethyl hexanol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ethyl Hexanol Price

The analysis of ethyl hexanol 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 ethyl hexanol 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 ethyl hexanol price trend, 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. The ethyl hexanol price charts ensure our clients remain at the forefront of the industry.