Global 2-Ethylhexanol Market Outlook

the global market outlook of 2-ethylhexanol (2eh) is expected to have steady growth in the coming years. this market growth is largely attributed to an increasing demand from the paints and coatings industry. 2eh is widely used as a solvent and plasticizer for alkyd resins in paints and coatings. it is also used in the production process of various chemicals like carboxylic acid esters and phthalate esters. the market is projected to witness a further spurt in demand as it can be used in processing legumes, vegetables, oils, and fats. the global market for 2eh is driven by rising demand from india, china and western european countries owing to their significant investments in infrastructure development. another driver for the market growth includes stable economic condition backed by supportive government policies. moreover, favorable circumstances in automotive, construction and other industry activities are also responsible for increasing demand for 2eh. the global 2eh market is also highly influenced by changing weather and technological advancements. technological advancements have enabled increased efficiency of manufacturing processes resulting in lower production costs. rapid expansion of industrial activities and consequent growth in demand have resulted in higher demand for 2eh on a global scale. moreover, the increasing preference for bio-based 2eh is also likely to boost its demand in the global market. however, environmental policies and stringent regulations for the use of hazardous substances such as phthalates are expected to restrain the market growth in the near future. moreover, volatile prices of raw materials can prove to be an impediment to the market growth. also, availing of substitute 2eh from places of low taxes may provide a challenge to the production companies. additionally, the market faces certain logistical issues due to limitation on the transportation of hazardous substances. the major players in the global 2eh market include basf, cargill, dowdupont, shell, and eastman. they are actively engaged in research and development activities to manufacture cost-effective and environment-friendly 2eh. companies operating in the market are involved in strategic partnerships and collaborations to expand their market reach.