2-Ethylhexanol Market - Forecast(2022 - 2027)
2-Ethylhexanol Market size is forecast to reach $9.1 billion by 2026, after growing at a CAGR of 6.7% during the forecast period from 2021-2026. Globally, increasing usage of 2-ethylhexanol due to its emollient properties and high boiling point for the production of plasticizers , lubricants, and other chemical products is anticipated to drive the market. A significant portion of 2-ethylhexanol generated is used as a precursor to the synthesis of diester bis (2-ethylhexyl) phthalate (DEHP), a plasticizer. Since it is a fatty alcohol, its esters appear to have emollient properties. Furthermore, the growing demand for chemicals across various industries and stringent norms on industrial emissions is anticipated to create new opportunities for the growth of the 2-ethylhexanol industry in the forecast era. Impact of Covid-19 The COVID-19 pandemic and resulting stoppage of development operations affected the availability of several chemicals in the year 2020. Also, trade disruptions had a s...