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2-Ethylhexanoic Acid (2-EHA)

2-Ethylhexanoic Acid (2-EHA) Prices Overview

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2-Ethylhexanoic Acid (2-EHA) Prices Overview

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Market Overview

Quarterly update on the global 2-Ethylhexanoic Acid market

For the Quarter Ending December 2020

Asia

The demand of higher carboxylic acids in the Asian markets remained high with prices witnessing an upswing supported by strong demand prospects during Q4 2020. In China, product availability seemed hampered amidst production related constraints heard across several upstream (Propylene) units. Market players reported favourable buying sentiments as restocking activity by downstream plasticizer manufacturers was high throughout the quarter. Prevailing demand and supply imbalance in December prompted a major producer to raise its offers for 2-EHA by USD 100 per MT w.e.f. January 2021. 2-EHA is widely used as an intermediate in the production of plasticizers, PVC stabilizers, lubricants, cosmetics and drying additives for coatings.

North America

2-EHA market in the Americas remained well supported in terms of pricing throughout the fourth quarter. Some manufacturers were heard revising their offered prices several times within Q4 to match pace with the surge observed in raw material pricing. Demand-supply situation seemed dented under the seasonal hurricanes which caused supply chain disruptions and container shortages across Asia. In October 2020, leading oxo-alcohol and intermediates manufacturer positively revised the price of 2-EHA by USD 100-111/metric ton for all its shipments across North America. Due to an overall increase in the production cost and tight supply situation, the trend remained likewise in almost all the American countries.

Europe

The European 2-EHA market showed a substantial growth in Q4 2020 despite looming uncertainties due to surging COVID-19 infections exacerbated by the emergence of new virus strain and fresh lockdowns imposed in some highly infected countries. The demand was primarily driven by pigments and plasticizer industries. OQ Chemicals, Germany’s leading 2-EHA producer revised its offered rates for 2-Ethylhecanoic Acid by USD 116/Mt w.e.f. mid-November due to persistent tightness in the product supply by a consistent demand rise.

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Services

Market Analysis

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-Ethylhexanoic Acid (2-EHA) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the 2-Ethylhexanoic Acid (2-EHA) 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.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various 2-Ethylhexanoic Acid 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-Ethylhexanoic Acid 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-Ethylhexanoic Acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for 2-Ethylhexanoic Acid are analyzed and region-wise demand pattern is tracked.

About

2-Ethylhexanoic Acid (chemical formula C8H16O2) is a carboxylic acid possessing a C8 carbon chain. It is a colourless viscous oil with mild odour having melting point of -83°C. It is an organic intermediate used for the production of several industrial chemicals serving plethora of downstream applications. It is added in esters for manufacturing Polyvinylbutyral (PVB) film plasticizers and synthetic lubricants, in metal salts for paint dryers, in automotive coolants, cosmetic emollients skincare products for moisturizing etc. Cobalt and manganese are the most popularly used driers. It is also used as an intermediate in pharmaceutical preparations. 2-Ethylhexanoic acid is industrially produced from Propylene, which is hydroformylated to produce butyraldehyde. Aldol condensation of the butyraldehyde produces 2-ethylhexenal, which is hydrogenated to yield 2-ethylhexanal. Oxidation of 2-ethylhexanal yields 2-Ethylhexanoic Acid.

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2-Ethylhexanoic Acid (2-EHA) Prices Overview