Demand for 2-Ethyl Hexanol in
India stood at more than 100 KTPA in 2018 and is projected
to grow at a healthy growth rate during the forecast period. 2-Ethyl Hexanol is
majorly used to manufacture plasticizers, especially dioctyl phthalate (DOP)
and 2-Ethyl Hexanol
derivatives. DOP is further
used to produce Polyvinyl chloride (PVC). However, the demand for PVC products
is anticipated to slow down in the coming years. Moreover, increasing
manufacturing of 2-Ethyl Hexanol derivatives, acrylate
and methacrylate esters is further expected to fuel demand for
2-Ethyl Hexanol during the forecast period.
The
Andhra Petrochemical Limited is the only company manufacturing oxo alcohols
products in India, the company has an annual capacity of 55 KTPA to produce 2-ethyl
hexanol. The inhouse production of the company is not enough to meet the
domestic demand of India, thus a large portion of product is being imported. Moreover,
Bharat Petroleum Corporation Limited is also planning to enter the business
vertical of oxo alcohols by expanding its Kochi refinery to produce oxo
alcohols. BPCL is setting up plant to manufacture 2-ethyl hexanol with an
annual capacity of 55 KTPA which is expected to be completed by the end of
2022. After the plant become operational, the dependency of 2-ethyl hexanol on
imports is going to reduce, and the domestic production of both the companies together
will be able to meet the domestic demand across the country.
Years Considered for this Report:
Historical
Years: 2013 – 2017
Base
Year: 2018
Estimated
Year: 2019
Forecast
Period: 2020 – 2030
Objective of the
Study:
- The primary
objective of the study was to evaluate and forecast 2-Ethyl Hexanol production,
demand, inventory, and demand – supply gap in India.
- To
categorize demand for 2-Ethyl Hexanol based on end
use, sales channel and region.
- To study
trade dynamics and company share in India 2-Ethyl Hexanol market.
- To identify
major customers of 2-Ethyl Hexanol in India.
- To evaluate
and forecast 2-Ethyl Hexanol pricing in India.
- To identify
and profile major companies operating in India 2-Ethyl
Hexanol market.
- To identify major developments, deals and expansion plans in India 2-Ethyl
Hexanol market.
Report Scope:
In this report, India 2-Ethyl Hexanol market has been segmented into following categories:
Some of the
major players operating in 2-Ethyl Hexanol market are The Andhra Petrochemicals
Limited, BASF Petronas Chemicals, ExxonMobil Chemical, Dow Chemicals, BASF, Pt
Petro Oxo Nusantara, Eastman Chemical Company, etc.
To
extract data for India 2-Ethyl Hexanol market, primary research surveys were
conducted with manufacturers, suppliers, distributors, wholesalers and end
users of 2-Ethyl Hexanol. While interviewing, the respondents were also inquired
about their competitors. Through this technique, TechSci Research was able to
include manufacturers that could not be identified due to the limitations of
secondary research. Moreover, TechSci Research analyzed various end user
segments and projected a positive outlook for India 2-Ethyl Hexanol market over
the coming years.
TechSci
Research calculated demand for 2-Ethyl Hexanol in India by analyzing
the historical data and demand forecast was carried out considering the
imports, consumption pattern and analyzing the demand by tracking upcoming manufacturing
units. TechSci Research sourced these values from industry experts and company
representatives and externally validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports and
annual reports were also studied by TechSci Research.
Key
Target Audience:
- 2-Ethyl Hexanol manufacturers and
other stakeholders
- Organizations, forums and alliances
related to 2-Ethyl Hexanol distribution
- Government bodies such as regulating
authorities and policy makers
- Market research
organizations and consulting companies
The study
is useful in providing answers to several critical questions that are important
for industry stakeholders such as 2-Ethyl Hexanol manufacturers, distributors
and policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Available
Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs.
In case you can’t find what, you are looking for
then please get in touch with our custom research team at [email protected]