2-Ethylhexanoic Acid Prices Overview
In the fourth quarter of 2023, the price of 2-Ethylhexanoice acid in Middle East reached 2620 USD/Ton. In December 2023, the price in Europe was 3310 USD/Ton. Meanwhile, in India, the price for q4 2023 stood at 2,540 USD/Ton.
Global 2-Ethylhexanoic acid import (Kilo tons)
| Region | 2018 | 2023 |
| North America | 38.68 | 51.76 |
| Europe | 41.79 | 55.87 |
| Asia pacific | 48.74 | 64.64 |
| Middle east | 7.32 | 6.50 |
Global 2-Ethylhexanoic acid export (Kilo tons)
| Region | 2018 | 2023 |
| North America | 37.25 | 49.99 |
| Europe | 30.51 | 41.90 |
| Asia pacific | 71.43 | 84.39 |
| Middle east | 4.67 | 5.89 |
2-Ethylhexanoic acid price trend, market analysis, and news
Credence research’s newly published report, “2-Ethylhexanoic acid pricing report 2024: price trend, chart, news, demand, historical and forecast data,” provides a comprehensive analysis of 2-Ethylhexanoic acid pricing, focusing on global and regional industry trends and the key factors driving these price movements. The report includes an in-depth review of the spot price of 2-Ethylhexanoic acid at major ports, with a detailed breakdown of prices including ex works, fob, and cif. It also offers a region-wise analysis of 2-Ethylhexanoic acid price trends across North America, Europe, Asia pacific, Latin America, and the Middle East and Africa.
The report delves into the elements influencing 2-Ethylhexanoic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it incorporates the latest market news, offering stakeholders up-to-date information on market shifts, regulatory changes, and technological advancements. This comprehensive overview aids in strategic decision-making and forecasting, providing valuable insights for stakeholders in the 2-Ethylhexanoic acid industry.
2-Ethylhexanoic acid market analysis
The global 2-Ethylhexanoic acid market volume reached 500.97 Kilo tons in 2023. By 2032, Credence Research expects the market volume to reach 748.49 Kilo tons, at a projected CAGR of 4.49% during 2024-2032.
- The demand for 2-ethylhexanoic acid is driven by its extensive use in the automotive and construction industries. The growing need for high-performance lubricants and plasticizers to enhance the durability and efficiency of machinery and construction materials fuels market growth. Additionally, the rising trend towards lightweight and fuel-efficient vehicles further boosts the demand for advanced lubricants, indirectly propelling the market for 2-ethylhexanoic acid.
- A notable trend in the 2-ethylhexanoic acid market is the shift towards eco-friendly and sustainable products. Manufacturers are increasingly adopting green chemistry principles to produce 2-ethylhexanoic acid with reduced environmental impact. Moreover, the ongoing research and development efforts to enhance the efficiency and performance of 2-ethylhexanoic acid-based products are expected to create new growth opportunities.
- The market for 2-ethylhexanoic acid is characterized by intense competition among key players who are focusing on innovation and product development. Companies are investing in advanced production technologies to improve yield and quality. Additionally, strategic collaborations and partnerships are being formed to expand market presence and cater to the growing demand from various end-use industries.
- The Asia Pacific region dominates the 2-ethylhexanoic acid market due to the rapid industrialization and urbanization in countries like China and India. The robust growth of the automotive and construction sectors in these countries significantly contributes to the demand for 2-ethylhexanoic acid. North America and Europe also present substantial market opportunities driven by the advanced manufacturing industries and increasing focus on sustainable products.
2-Ethylhexanoic acid news
The report comprehensively covers the latest developments, updates, and trends affecting the global 2-Ethylhexanoic acid market, offering stakeholders timely and pertinent information. This section includes a broad spectrum of news items, such as the inauguration of new production facilities, advancements in 2-Ethylhexanoic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that influence 2-Ethylhexanoic acid price trends.
Recent developments in the 2-Ethylhexanoic acid industry:
- In October 2021, BASF PETRONAS Chemicals Sdn Bhd, a joint venture between BASF and PETRONAS Chemicals Group Berhad, announced plans to expand the annual production capacity of 2-Ethylhexanoic Acid (2-EHA) from 30,000 to 60,000 metric tons by 2024.
- In July 2019, BASF increased its global production capacity for the Higher Carboxylic Acids (HCA), Isononanoic Acid (INA), and 2-Ethylhexanoic Acid (2-EHA) from 55,000 metric tons to 68,000 metric tons per year.
- In June 2021, Perstorp announced plans to substantially expand its production capacity of 2-Ethylhexanoic Acid (2-EHA) from 2022 to meet increasing market needs.
- In July 2022, Perstorp successfully increased the capacity of 2-Ethylhexanoic Acid (2-EHA) at its plant in Stenungsund, Sweden.
Product description
2-Ethylhexanoic acid is a carboxylic acid with the molecular formula C8H16O2. It appears as a colorless liquid with a slight odor and is soluble in organic solvents but only slightly soluble in water. This acid is primarily used as an intermediate in the synthesis of various compounds, leveraging its chemical properties to serve multiple industrial applications. One of the main applications of 2-Ethylhexanoic acid is in the production of metal salts, known as ethylhexanoates, which are used as catalysts in polymerization reactions and as stabilizers in polyvinyl chloride (PVC) manufacturing. These metal salts also find use in the production of paint driers, where they accelerate the drying time of coatings and inks.
Additionally, 2-Ethylhexanoic acid is employed in the synthesis of plasticizers, which are crucial in enhancing the flexibility and durability of plastics. The acid’s esters are valuable in the manufacture of lubricants, providing high thermal stability and low volatility, making them suitable for high-temperature applications. Furthermore, it is used in the cosmetics and personal care industry as a component in the formulation of various products, including emollients and skin conditioning agents. Overall, 2-Ethylhexanoic acid’s versatile chemical nature makes it a critical ingredient in a wide range of industrial and consumer applications.
Regional coverage
The global 2-Ethylhexanoic acid pricing demonstrates significant regional variations in import and export activities between 2018 and 2023. In North America, the import volume of 2-Ethylhexanoic acid increased from 38.68 kilo tons in 2018 to 51.76 kilo tons in 2023, indicating a growing demand in the region. This rise can be attributed to the expanding applications in industries such as lubricants, plasticizers, and metal salts production. Concurrently, North America’s export volume rose from 37.25 kilo tons to 49.99 kilo tons, reflecting the region’s robust production capacity and its ability to meet both domestic and international needs.
Europe exhibits a similar trend, with imports rising from 41.79 kilo tons in 2018 to 55.87 kilo tons in 2023. The region’s diverse industrial base, particularly in the automotive, cosmetics, and coatings sectors, drives this increased demand for 2-Ethylhexanoic acid. European exports also show growth, climbing from 30.51 kilo tons to 41.90 kilo tons over the same period. This growth highlights Europe’s significant role in the global demand, not only as a major consumer but also as a substantial exporter of 2-Ethylhexanoic acid, benefiting from its advanced chemical manufacturing infrastructure.
The Asia Pacific region stands out with the highest import and export volumes among all regions. Imports grew from 48.74 kilo tons in 2018 to 64.64 kilo tons in 2023, driven by the rapid industrialization and increasing production of chemicals, plastics, and other industrial products in countries like China, Japan, and South Korea. Exports from the Asia Pacific region also surged, from 71.43 kilo tons to 84.39 kilo tons, underscoring the region’s dominant position as a global production hub. The substantial export volume indicates that Asia Pacific is not only self-sufficient but also a critical supplier to other regions, leveraging its cost-effective production capabilities.
In contrast, the Middle East shows a different pattern, with a slight decline in import volumes from 7.32 kilo tons in 2018 to 6.50 kilo tons in 2023. This decrease might be due to regional economic shifts or changes in industrial demand. However, the export volume from the Middle East increased from 4.67 kilo tons to 5.89 kilo tons, suggesting an improvement in local production capacities and a growing role in supplying the global market. Despite being a smaller player compared to other regions, the Middle East’s increasing export volume reflects its potential to enhance its presence in the 2-Ethylhexanoic acid.
Sustainability analysis including environmental impact and eco-friendly alternatives and regulations
The production of 2-Ethylhexanoic acid poses several sustainability challenges, primarily due to the environmental impact of its manufacturing process. The synthesis of 2-Ethylhexanoic acid typically involves petrochemical feedstocks, which contribute to greenhouse gas emissions and reliance on non-renewable resources. The production process can also generate hazardous waste and by-products that require careful management to prevent soil and water contamination.
Efforts to enhance the sustainability of 2-Ethylhexanoic acid production focus on developing eco-friendly alternatives and improving process efficiency. One approach is the use of bio-based feedstocks derived from renewable resources, such as plant oils or agricultural waste, to reduce the carbon footprint and dependence on fossil fuels. Advances in green chemistry are also being explored to minimize waste and enhance energy efficiency during production. Additionally, catalysts that operate under milder conditions can lower energy consumption and reduce environmental impact.
Regulations play a crucial role in driving sustainable practices in the chemical industry. Strict environmental regulations and standards, such as the European Union’s REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) and similar frameworks in other regions, compel manufacturers to adopt cleaner production methods and ensure the safe handling and disposal of chemicals. Compliance with these regulations not only mitigates environmental impact but also promotes the development and adoption of sustainable production technologies for 2-Ethylhexanoic acid.
Report details
| Key attributes | Details |
| Product name | 2-Ethylhexanoic acid |
| Report features | Exploration of historical trends and market outlook industry demand industry supply gap analysis challenges 2-Ethylhexanoic acid price analysis and segment-wise assessment. |
| Currency/units | US$ (data can also be provided in local currency) or metric tons |
| Region/countries covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries:Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand.
Europe: Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece. North America: the United States and Canada Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru Middle East and Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco note: the list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information covered for key suppliers | Company overview business description product portfolio recent trends and developments |
| Customization scope | The report can be customized as per the requirements of the customer |
| Report price and purchase option | Plan A: monthly updates; annual subscription scope historical data for the current month forecast for next month total deliverables per year: 12 (one per month) includes: one pdf and one Excel datasheet per month post-purchase analyst support throughout the yearPlan B: quarterly updates; annual subscription scope historical data for the current quarter forecast for the next quarter Total deliverables per year: 4 (one per quarter) includes: one pdf and one Excel datasheet per quarter post-purchase analyst support throughout the year Plan C: biannually updated updates; annual subscription |
| Post-sale analyst support | 360-degree analyst support after report delivery |
| Delivery format | Pdf and excel through email (we can also provide the editable version of the report in ppt/word format on special request) |
Key benefits for stakeholders:
- Credence research’s report provides an in-depth analysis of 2-Ethylhexanoic acid pricing, including global and regional trends, spot prices at key ports, and detailed ex works, fob, and cif price breakdowns.
- The study explores factors influencing the 2-Ethylhexanoic acid price trend, such as raw material costs, supply-demand changes, geopolitical impacts, and industry developments, to offer valuable insights for informed decision-making.
- The competitive landscape review offers stakeholders essential insights into the latest market news, regulatory changes, and technological advancements, providing a comprehensive, strategic overview for forecasting and planning.
- Credence research offers various subscription options—monthly, quarterly, and biannual updates—enabling clients to stay updated with the latest market trends, ongoing developments, and extensive market insights. The 2-Ethylhexanoic acid price charts ensure our clients remain industry leaders.
