Indonesia 2-Ethylhexanol Market Outlook

in indonesia, 2-ethylhexanol market outlook is expected to remain positive in the forecast period 2018-2032, with the growing demand for solvent-based polyamide materials. this is supported by an ever-increasing demand from the paint, coatings, agricultural and automotive industries. these industries have displayed an inclination towards 2-ethylhexanol due to its several advantages, such as the ability to dissolve different types of polyamides and their copolymers resins, as well as a wide range of thermoplastics and rubber-based materials. additionally, 2-ethylhexanol is a low-viscosity liquid that do not easily evaporate and provides excellent protection against uv radiation. what is fortunate, the availability of the product will remain high in the country, thus addressing the short-term needs of the aforementioned industries. this is due to the continuous efforts of leading players in the industry to increase their production capacity. in addition to conducting operational expansions and technological adaptations in the country, the major players are focusing on bringing down the length of production cycle, enhancing product quality and diversifying product portfolio. indonesians are still very reluctant to make the switch to renewable energy, which is a hindrance to the market growth. in the near future, price wars among the domestic players in the industry may prevail. this is due to the steady competition among domestic and foreign companies operating in the market. the price decline is mainly caused by the low-cost production process used by foreign players, along with an increased application of the product, which has led to oversupply in many parts of the market. overall, although the 2-ethylhexanol market in indonesia is witnessing growth due to the expanding demand from the paint, coatings, agricultural and automotive industries, it is expected that the market will witness several changes in terms of pricing and production due to the presence of competition in the near future.