2-Ethylhexanol Prices

2-Ethylhexanol Prices June 2024

The 2-ethylhexanol prices in the United States for Q2 2024 reached 2535 USD/MT in June. During the quarter, 2-ethylhexanol prices increased significantly due to higher production costs associated with rising propylene prices during a regional heatwave. Consistent demand from sectors such as plasticizers, as well as summer cooling requirements, also contributed to price increases.

The price trend for 2-ethylhexanol in Japan for Q2 2024 settled at 1330 USD/MT in June. The market encountered the sharpest price drops across the Asia Pacific in Q2 2024, attributed to relaxed supply conditions and weaker demand from automotive and construction sector. With an oversupply of propylene, production costs fell, maintaining downward pressure on prices, while seasonal construction peaks did not materialize as anticipated.

In Germany, the 2-ethylhexanol prices for Q2 2024 reached 1345 USD/MT in June. The market experienced significant price declines as producers increased supply post-disruptions. With reduced demand from construction and plasticizer industries, compounded by less favorable weather for construction activities, prices followed a consistent downtrend, reflecting the broader European market’s bearish stance by the quarter's end.

2-Ethylhexanol Prices December 2023

The 2-ethylhexanol prices in the USA for Q4 2023 reached 1,835 USD/MT in December. The market struggled in the fourth quarter of 2023, primarily because of declining demand from the PVC sector and adequate raw material stockpiles. Disruptions from unexpected propylene plant shutdowns also played a role. However, a price rise announced by OQ Chemicals in November and anticipated demand from construction signaled potential market recovery.

The price trend for 2-ethylhexanol in China for Q4 2023, reached 1,803 USD/MT in December. The market was influenced by a slowdown in manufacturing and reduced need from construction and PVC sectors. Feedstock shortages due to plant shutdowns exacerbated the situation, although increased supply from new capacities provided some balance. A slight price stabilization was observed, indicating possible future price increases.

Regional Coverage

The report provides a detailed analysis of the 2-ethylhexanol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the 2-ethylhexanol price trend.

Global 2-Ethylhexanol Price

The report offers a holistic view of the global 2-ethylhexanol pricing trends in the form of 2-ethylhexanol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into 2-ethylhexanol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 2-ethylhexanol price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed 2-ethylhexanol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe 2-Ethylhexanol Price

Q2 2024: 

In the second quarter of 2024, the market for 2-ethylhexanol in Europe experienced a noticeable price decrease. Key producers in the market ramped up production, increasing the supply levels. At the same time, declining propylene costs and reduced production expenses both contributed to downward pressure on prices. Furthermore, stabilized routes of trade, particularly through the Red Sea, facilitated smoother product flows and balanced market availability. In Germany, weak demand from the construction and plasticizer industries, along with unfavorable weather conditions impacting construction activities, resulted in fluctuating prices. This consistent oversupply, along with lower seasonal demand, contributed to a downward trend in prices. By the end of the quarter, these factors reinforced a bearish pricing environment for 2-Ethylhexanol in Europe. 

Q4 2023:

The market was characterized by subdued needs and an ample supply. Economic slowdown across the region led to reduced industrial activity, impacting the demand for oxo-alcohols in downstream industries like paints and coatings. Producers faced squeezed profit margins due to high propylene feedstock costs, which prompted adaptations in production levels. Total Energies' maintenance turnaround in Belgium further influenced market dynamics. Although there was a slight increase in market activity in November, owing to an announced price hike from OQ Chemicals, the market sentiment remained pessimistic due to continued low requirements and inflation concerns. The automotive sector showed some resilience, but extensive economic challenges continued to weigh heavily on the market.

This analysis can be extended to include detailed 2-ethylhexanol price information for a comprehensive list of countries.

North America 2-Ethylhexanol Price

Q2 2024: 

During Q2 2024, the 2-ethylhexanol market in North America experienced an increase in prices, primarily due to the increased production costs. The surge in propylene prices was driven by a heightened power demand caused by a regional heatwave, which further raised production expenses. Additionally, supply chain disruptions from plant repairs and force majeure events limited product availability, contributing to the price increases. In the United States, prices fluctuated considerably as a result of steady but the moderate demand, particularly from sectors such as construction and plasticizers. The seasonal summer demand for cooling systems indirectly affected propylene demand, keeping prices high.

Q4 2023:

In Q4 2023, the North America 2-ethylhexanol market faced notable difficulties, including reduced need from the PVC industry, which pushed prices downward. Despite adequate supplies of raw materials and existing inventories, the market was further strained by an unexpected closing of propylene feedstock factories, impacting supply chains. However, signs of recovery emerged when OQ Chemicals announced an increment of 2-ethylhexanol prices in November. This announcement, along with expectations of rising demand in the construction sector, hinted at a potential market rebound. Even though challenges persisted, there were encouraging indications that the market could experience improvement in the upcoming months.

Specific 2-ethylhexanol historical data within the United States and Canada can also be provided.

Middle East and Africa 2-Ethylhexanol Price

Q2 2024: 

The report explores the 2-ethylhexanol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices. 

Q4 2023:

The report explores the 2-ethylhexanol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on 2-ethylhexanol prices for countries can also be provided.

Asia Pacific 2-Ethylhexanol Price

Q2 2024: 

In Q2 2024, the 2-ethylhexanol market in the Asia Pacific region faced challenges due to significant price declines. This downturn was largely driven by an oversupply and weak demand from key sectors, such as automotive and construction. The abundant availability of propylene feedstock kept production costs low, contributing to falling prices. Japan experienced significant price drops, impacted by a lack of construction activity because of speculative investments and delays in policy during election season. As a result, prices continued to decline throughout the quarter, with excess supply overshadowing the demand. The closing prices reflected a bearish market sentiment, indicating caution regarding any potential short-term recovery. 

Q4 2023:

In the Asia-Pacific region, the 2-ethylhexanol sector during the Q4 2023 was shaped by multiple factors, including ongoing feedstock shortages due to shutdowns at key propylene plants. The market also saw weaker requirement from downstream industries such as construction and PVC, influenced by broader economic scenarios and a reduction in manufacturing activity, particularly in China. Despite a temporary stabilization, the market was generally bearish, affected by a mix of lowered demand and increased supply from novel manufacturing capacities. Maintenance shutdowns in the region further restricted the accessibility of raw materials, contributing to an overall subdued market. By the end of the quarter, there were slight indications of a possible upward trend in prices.

This 2-ethylhexanol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America 2-Ethylhexanol Price

Q2 2024: 

The analysis of 2-ethylhexanol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks. 

Q4 2023:

The analysis of 2-ethylhexanol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

2-Ethylhexanol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “2-Ethylhexanol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of 2-ethylhexanol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of 2-ethylhexanol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of 2-ethylhexanol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 2-ethylhexanol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

2-Ethylhexanol Market Analysis

The global 2-ethylhexanol market size reached US$ 6.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9.2 Billion, at a projected CAGR of 4.60% during 2023-2032.

One of the important factors that drive the market growth of 2- ethylhexanol globally is the strong demand in several end-use industries including paints, coatings, adhesives, and sealants. According to an article in The Financial Express, the Indian paints and coatings industry is expected to witness a growth of 10-12% in FY24. The sector with a market size of over INR 65,000 crores is poised for growth, led by the improvement in consumer sentiment and economic recovery. There is a high possibility that the Indian paints and coatings industry will grow to Rs 1 lakh crore within the next 5 years from the current Rs 62,000 crore, as mentioned in Akzo Nobel India’s annual report. Moreover, the rising use of 2-ethylhexanol as a biofuel additive is an ascendant trend that is a significant growth driver. In addition, the expansion of the construction industry, along with the use of 2-ethylhexanol in products like plasticizers and 2-EH acrylate is significantly influencing the market growth. For instance, the Indian construction sector is going through a major change where the adoption of sustainable practices like building green buildings and application of gypsum board drywalls are being used in construction. This shows that consumers like products made from 2-ethylhexanol that are long-lasting and efficient. According to an article in The Economic Times, the “Cool Roof Policy” is a unique policy for buildings that will make them heat resilient and save energy, was announced by the Telangana government. It is a great step in the manufacturing and usage of 2-ethylhexanol due to modern technology advancements. Consumers also have an interest in products that are derived from 2-ethylhexanol that are durable and perform well, and, as a result, the market is growing. In addition, great progress in the production and application of 2-ethylhexanol due to modern technological achievements is promoting the development of the market. The growing application of 2-ethylhexanol in high-value markets like top coatings and specialty chemicals has fueled the market. The demand for personalized and customized product formulations of 2-ethylhexanol is growing at an even faster pace, thus boosting the overall market growth. The increasing applications of 2-ethylhexanol in both household and industrial use, particularly in emerging economies, are driving the 2-ethylhexanol market growth globally.

2-Ethylhexanol News

The report covers the latest developments, updates, and trends impacting the global 2-ethylhexanol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 2-ethylhexanol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the 2-ethylhexanol price trend.

Latest developments in the 2-Ethylhexanol industry:

• In November 2023, Dow Chemical Inc. is set to begin an $11.5-billion facelift and expansion of its Edmonton-area chemicals plant next year, with the company claiming the facility will be the world’s first ethylene cracker that produces net-zero greenhouse emissions.
• In February 2024, Eastman Chemical Company announced a long-term agreement with Nord Pal Plast SA part of Dentist Group, a leading Italian multinational company specializing in the recovery and mechanical recycling of PET packaging waste.

Product Description

2-Ethylhexanol (2-EH) is an organic compound, a higher aliphatic alcohol of the molecular formula C8H18O. This is an odorless liquid that has no color and is poorly water-soluble but miscible with almost all organic solvents. The major application of 2-ethylhexanol lies in the production of plasticizers, especially, dioctyl phthalate (DOP) and dioctyl terephthalate (DOTP) which are necessary to produce flexible PVC. Also, it is an essential compound in the synthesis of 2-ethylhexyl acrylate, which is a part of paints, varnishes, and adhesives. It is used in the production of lubricants, herbicides, and other specialty chemicals. The fact that the compound is not very volatile and that it improves the fluidity and flexibility of polymers highlights the compound’s usefulness in different industrial applications, thus making it an important chemical in the manufacturing sector.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of 2-ethylhexanol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting 2-ethylhexanol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The 2-ethylhexanol price charts ensure our clients remain at the forefront of the industry.