In the first quarter of 2023, the Asia Pacific 2-Ethylhexanoic acid market faced challenges, including a weak feedstock market and sluggish downstream industry demand. The paints and coatings sector provided some stability. However, in the second quarter, the situation worsened due to poor performance in construction, plasticizers, and upstream industries, resulting in reduced production and lower prices. Conversely, Europe experienced a positive trend in the first quarter, supported by downstream industries and improved consumer consumption, but the second quarter saw a downturn due to reduced demand from construction, paints, and cosmetics sectors, along with rising feedstock costs. North America initially saw price increases but later faced declining prices due to decreased industrial activity, a weak raw material market, and limited buyer interest.
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Definition
2-Ethylhexanoic acid is a versatile organic compound with eight carbon atoms, known for its use in various industrial applications. It appears as a colorless liquid with a mild odor, and its chemical formula is C8H16O2. It possesses properties such as high stability, low volatility, and compatibility with numerous chemicals, making it valuable in the production of synthetic chemicals, plasticizers, and coatings. It acts as a catalyst, stabilizer, and a component in fragrances. Additionally, 2-Ethylhexanoic acid exhibits solubility in organic solvents and plays a crucial role in the formulation of metal salts.
Key Details About the 2-Ethylhexanoic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on 2-Ethylhexanoic acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The 2-Ethylhexanoic Acid Price chart, including India 2-Ethylhexanoic Acid price, USA 2-Ethylhexanoic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the 2-Ethylhexanoic Acid Price Trend:
2-Ethylhexanoic acid, a versatile organic compound, finds numerous industrial applications. Its primary role lies in the production of synthetic chemicals and plasticizers, particularly in the manufacturing of PVC (polyvinyl chloride) and other plastics. It acts as a catalyst and stabilizer in various chemical reactions, aiding in the production of coatings, paints, and adhesives. Additionally, it serves as a crucial component in the formulation of metal salts, which are utilized in applications like lubricants and fuel additives. Furthermore, 2-Ethylhexanoic acid plays a role in the production of fragrances and flavors in the cosmetics and food industries, showcasing its significance in a wide array of industrial processes.
Key Players:
- BASF SE
- Dow Inc
- Perstorp Holding AB
- The Eastman Chemical Company
- OQ Chemicals Corporation
- Jiangxi JYT Chemical Co Ltd
- Shenyang Zhang Ming Chemical Co Ltd
- TCI Chemical India Pvt Ltd
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