South Korea 2-Ethylhexanol Market Outlook

the south korean 2-ethylhexanol market is expected to grow at a steady pace over the next 12 years supported by a growing demand across its multiple downstream industries. 2-ethylhexanol is an important industrial chemical used in a variety of applications ranging from plastics manufacturing to the formulation of cosmetics. 2-ethylhexanol has been gaining greater prominence in south korean as a number of local conglomerates have been switching to its usage for their production purposes. this shift has led to a rapid increase in the production of various polymers, polymer additives, lubricants and adhesives. for instance, polyethylene, a plastic used for packaging, is now more commonly produced with the usage of 2-ethylhexanol. 2-ethylhexanol is also increasingly being used in the production of surfactants, solvents and lubricant additives. its usage in the production of surfactants is mainly driven by their sustainable and environmental friendly nature of the ingredients. similarly, its application as a lubricant and a solvent has also been increasing as it is environmentally friendly and its excellent chemical properties make it ideal for a variety of industrial applications. in terms of imports, south korea is a major importer of 2-ethylhexanol mainly sourcing it from other asian countries. moreover, south korea is expected to grow further as the recent trend of bio-based 2-ethylhexanol emerges as the synthetic derivative finds it increasingly difficult to keep up with the regularly updated environmental regulations related to its use in production. the price of 2-ethylhexanol in south korea is expected to remain relatively stable over the forecast period as its usage continues to increase with the further progression of local industries. aside from that, with both domestic and international companies eyeing the domestic market, the availability of 2-ethylhexanol is soon expected to be abundant in the market leading to awards for more competitive pricing options. overall, the outlook of 2-ethylhexanol market in south korea is optimistic as the industry continues to grow at a steady pace for the forecast period of 2018 to 2032. as the production and usage of 2-ethylhexanol increases, it is expected that south korea will have an even greater access to its benefits and derivative products in the coming years.