Quarterly Update on Global 2-Ethylhexanol Market
For the Quarter Ending September 2020
The Asian 2-Ethylhexanol (2-EH) market moved steadily in Q3FY20 as economies took a road to recovery from the pandemic blows. China and most of the Southeast Asian countries reported a strong price increase buoyed by hike in the feedstock Propylene Oxide as they entered the September month. Chinese players registered incredible gains in the downstream plasticizers demand. However, Chinese 2-EH players are expecting restricted supplies in the October month and further price rise due to scheduled plant turnarounds.
The third quarter showed mixed results in the North American 2-EH market while the players continued to navigate the impact of double whammy due to COVID-19 and Hurricane Laura across major economies. Outlook remained pressured owing to hurt sentiments in the United States while major players like Eastman announced price increase for the 2-EH amid an increase in the upstream Propylene values. Regional demand for the plasticizers picked up from the downstream construction and automobile-manufacturing sectors making 2-EH manufacturers go along with the crests and trough on the path of recovery.
2-EH availability seemed better in Q3 2020 after planned and unplanned production outages in the region in the previous quarter. However, impacted derivative markets are yet to respond to the good news. The European 2-EH players reported better exports, thereby limiting the local availability. Demand outlook is projected to remain quite healthy for the October month from the paints and coatings sector, as well as from the fuel additives as players stand cautious amid uneven economic situation due to rising coronavirus cases.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for 2-Ethylhexanol is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
2-Ethylhexanol price is correlated with the price trend of crude oil, demand-supply fundamentals, feedstock Propylene and with that of its downstream derivatives such as plasticizers etc.
Basic details and information on financial performance of leading global players in the 2-Ethylhexanol market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
News & Deals
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
ChemAnalyst gathers information through primary research surveys conducted with various 2-Ethylhexanol manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global 2-Ethylhexanol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global 2-Ethylhexanol market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
Finally, region-specific markets for 2-Ethylhexanol are analyzed and region-wise demand pattern is tracked.
2-Ethyl Hexanol (2-EH) is an 8-carbon oxo-alcohol also known as octanol. It possesses high boiling point and slow evaporation rate and is a versatile solvent with excellent reactivity as a chemical intermediate. It is majorly used in the production of plasticizers which are widely consumed across the construction, automotive and appliance industries. Plasticizers made from the 2-EH include di-ethylhexyl phthalate (DEHP) and di-ethylhexyl adipate (DEHA), Dioctyl phthalate (DOP), dioctylterephthalate (DOTP), trioctyl trimellitate (TOTM) and dioctyl adipate (DOA) which are used for polyvinyl chloride (PVC) materials used across several downstream industries. It also serves as a chain terminator during synthesis of condensation polymers and as dispersing agent for pigments and pastes. Most of the 2-EH produced worldwide is by catalytic hydroformulation of propylene with synthesis gas using rhodium catalysts rather than the conventional cobalt hydrocarbonyl catalysts used earlier.