The Asia-Pacific 2-Ethylhexanol Market is estimated to grow $5,618.6 January 21, 2015 | Page 2

Browse through the market data tables, figures and detailed TOC on the
“The Asia-Pacific 2-Ethylhexanol Market”
http://www.micromarketmonitor.com/market/asia-pacific-2-ethylhexanol-2244008264.html
2-Ethylhexanol is a colorless, combustible liquid that is poorly soluble in water but soluble in
most organic solvents. It is produced by a three-step process involving the aldol selfcondensation of n-butyraldehyde followed by dehydration and hydrogenation. N-butyraldehyde
itself is produced by the catalytic hydroformylation of propylene with synthesis gas. It is an
important feed stock used to manufacture various chemicals that further serve diverse industries
that include automotive, paints, building & construction, and various other manufacturing
industries.
According to the report, the escalation of industrialization in developing countries is depicted in
the form of its real gross domestic product (Real GDP) and acts as an indicator of its
development. With such enormous economic growth, owing majorly to various industries such
as chemical, automobiles, building & construction, and others, the consumption of 2ethylhexanol is expected to rise rapidly in the future. 2-EH is a petrochemical which is not
available in different grades or with any particular specifications. It implies that the product is
identical, irrespective of the supplier or the manufacturer; hence, the companies find it very
difficult to enter or sustain in the market. In this situation, competitive pricing is the only way by
which companies can have an edge over competitors. Now, the companies are always trying to
reduce prices creating greater demand in the market. According to the report, this trend is a
major driver for the market.
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The report covers the Asia-Pacific 2-ethylhexanol marke а