Market Forecast By Applications (Plasticizers, 2-EH Acrylate, 2-EH Nitrate, Others) And Competitive Landscape
Product Code: ETC4490546 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Thailand 2-Ethylhexanol Market |
Forecast Period – | 2024-2030 |
CAGR – | 4.7% |
Growing Sector | The Chemical Manufacturing and Pharmaceuticals |
Thailand 2-Ethylhexanol Market report thoroughly covers the market by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
In the Thailand 2-Ethylhexanol market, the country industrial growth and the demand for downstream products have propelled the need for this chemical. In recent years, the country's 2-ethylhexanol market has witnessed a significant rise, influenced by growth in the automotive, construction, and packaging sectors. 2-ethylhexanol is a colourless organic compound that is widely used as a solvent, plasticizer, and surfactant in a variety of applications, including paints, adhesives, and PVC production.
According to 6Wresearch, the Thailand 2-Ethylhexanol Market size is estimated to grow at a CAGR of 4.7% during the forecast period 2024-2030. The Thai government's ambitious infrastructure development plans, including the Eastern Economic Corridor (EEC) project, have augmented the demand for 2-ethylhexanol in the construction sector. The rising adoption of electric vehicles (EVs) has also surged demand for high-performance lubricants, which require 2-ethylhexanol as a key raw material. Furthermore, the growth of the flexible packaging industry is boosting demand for 2-ethylhexanol-based plasticizers, which enhance the flexibility and durability of plastic films. On the other hand, some challenges Thailand 2-Ethylhexanol industry the COVID-19 pandemic has disrupted global supply chains, leading to shortages and price volatility of key raw materials in the 2-ethylhexanol market. Nevertheless, the a growing adoption of bio-based 2-ethylhexanol, which is derived from renewable feedstocks such as vegetable oils and ethanol. This trend is driven by the growing consumer demand for sustainable and eco-friendly products, as well as the need to reduce dependence on fossil fuels.
The Thai government has implemented several initiatives to support the growth of the chemical industry, including the EEC project, which aims to attract foreign investments and promote innovation in high-tech industries. These are some measures that are supporting the Thailand 2-Ethylhexanol Market growth.
Some of the key players in the Thailand 2-ethyl hexanol market include
These are some companies operating in the country and offering to the end sectors such as the Chemical Manufacturing and Pharmaceuticals industries.
Thailand 2-Ethylhexanol Market future is estimated to secure massive growth with the rising use of 2-ethylhexanol as a feedstock to produce surfactants, which are used in a wide range of applications, including personal care, home care, and industrial cleaning. With the growing demand from various end-user industries, the market is expected to continue growing at a steady rate. Moreover, there is an increasing focus on the development of sustainable and eco-friendly products, which is expected to create new growth opportunities for the market.
According to Shivankar, Research Manager, 6Wresearch, the current data indicates that the 2-EH acrylate application is the only application showing consistent growth and is a driving factor in the Thailand market. The growth of the construction industry in Thailand reflects and will steadily continue to increase the demand for 2-EH acrylate.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand 2-Ethylhexanol Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand 2-Ethylhexanol Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand 2-Ethylhexanol Market - Industry Life Cycle |
3.4 Thailand 2-Ethylhexanol Market - Porter's Five Forces |
3.5 Thailand 2-Ethylhexanol Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Thailand 2-Ethylhexanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand 2-Ethylhexanol Market Trends |
6 Thailand 2-Ethylhexanol Market, By Types |
6.1 Thailand 2-Ethylhexanol Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Thailand 2-Ethylhexanol Market Revenues & Volume, By Applications, 2020 - 2030F |
6.1.3 Thailand 2-Ethylhexanol Market Revenues & Volume, By Plasticizers, 2020 - 2030F |
6.1.4 Thailand 2-Ethylhexanol Market Revenues & Volume, By 2-EH Acrylate, 2020 - 2030F |
6.1.5 Thailand 2-Ethylhexanol Market Revenues & Volume, By 2-EH Nitrate, 2020 - 2030F |
6.1.6 Thailand 2-Ethylhexanol Market Revenues & Volume, By Others, 2020 - 2030F |
7 Thailand 2-Ethylhexanol Market Import-Export Trade Statistics |
7.1 Thailand 2-Ethylhexanol Market Export to Major Countries |
7.2 Thailand 2-Ethylhexanol Market Imports from Major Countries |
8 Thailand 2-Ethylhexanol Market Key Performance Indicators |
9 Thailand 2-Ethylhexanol Market - Opportunity Assessment |
9.1 Thailand 2-Ethylhexanol Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 Thailand 2-Ethylhexanol Market - Competitive Landscape |
10.1 Thailand 2-Ethylhexanol Market Revenue Share, By Companies, 2023 |
10.2 Thailand 2-Ethylhexanol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |