2-Ethylhexanoic Acid (2-EHA) is a versatile organic compound that plays a vital role in various industries, including automotive, coatings, plasticizers, lubricants, and pharmaceuticals. This chemical is primarily used in the production of metal stearates, synthetic lubricants, fuel additives, and polymer additives, making it a crucial component in industrial applications.
As the demand for high-performance materials grows across several key industries, keeping track of the price trends of 2-Ethylhexanoic Acid is important for businesses looking to optimize costs and stay competitive. This article explores the price trends of 2-EHA, with a quarterly breakdown for 2024 and 2025, as well as a detailed market forecast, CAGR, and insights into the top suppliers by region.
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2 Ethylhexanoic Acid Price Trends by Quarter 2025
Q1 2024 – Stable Start with Modest Price Movements
In the first quarter of 2024, the price of 2-Ethylhexanoic Acid remained relatively stable, ranging between $1,500 and $1,700 per metric ton globally. The price stability was mainly due to the following factors:
- Balanced supply and demand: While demand for 2-EHA remained consistent across industries like automotive and plastics, production rates in North America, Europe, and Asia also stayed steady, maintaining equilibrium between supply and demand.
- Stable raw material costs: The prices of key feedstocks for 2-EHA, such as hexanol and acetic acid, saw only minimal fluctuations, preventing any major impact on 2-EHA prices.
- Energy cost stability: The stable energy prices in key production regions ensured that production costs of 2-EHA remained manageable, preventing any significant price hikes.
Overall, the first quarter of 2024 was characterized by moderate price fluctuations, as the market showed stability, with demand growing steadily in key sectors like automotive coatings and plastics manufacturing.
Q2 2024 – Price Increase Driven by Rising Demand
In Q2 2024, prices of 2-Ethylhexanoic Acid experienced a slight upward trend, moving between $1,650 and $1,850 per metric ton. The price increase was driven by:
- Rising demand from automotive and coatings industries: The automotive sector’s demand for lubricants and fuel additives, along with increased use of 2-EHA in industrial coatings and paints, contributed to price growth.
- Feedstock price pressure: There was a slight increase in the prices of hexanol and acetic acid, which are essential for producing 2-EHA, putting upward pressure on the overall price.
- Logistical challenges: Shipping and transport disruptions, particularly in Asia-Pacific and Europe, led to delays in raw material shipments, causing short-term supply chain bottlenecks that further drove prices upward.
Despite these price increases, demand remained solid across key industries, with the automotive and plastics sectors continuing to grow.
Q3 2024 – Continued Demand Growth and Raw Material Costs Impact
In Q3 2024, 2-EHA prices continued to climb, reaching $1,800 to $2,000 per metric ton. The increase in pricing was attributed to:
- Ongoing demand in automotive and industrial applications: The demand for lubricants and fuel additives in the automotive sector remained strong, as did the use of 2-EHA in plastics manufacturing, which kept demand high across various regions.
- Increased feedstock and energy costs: Prices for key feedstocks, especially hexanol and acetic acid, saw more substantial increases, as did energy costs, which directly impacted the production cost of 2-EHA.
- Supply chain pressures: Continued disruptions in global shipping and logistics due to labor shortages and container shortages further limited supply and contributed to rising prices.
The Q3 2024 price trend was notably influenced by the increasing demand for synthetic lubricants and the continued growth of automotive manufacturing, which kept 2-EHA prices on an upward trajectory.
Q4 2024 – Price Surge Due to Raw Material and Energy Cost Hikes
By Q4 2024, 2-EHA prices surged to $1,900 to $2,200 per metric ton. Several factors contributed to this price increase:
- Rising feedstock and energy prices: The prices of hexanol, acetic acid, and energy saw a continued upward trend due to inflationary pressures, which led to higher production costs for 2-Ethylhexanoic Acid.
- Strong demand across multiple industries: The demand for 2-EHA in automotive coatings, fuel additives, and plasticizers remained robust, particularly in the North American and Asia-Pacific regions.
- Supply chain bottlenecks: Ongoing supply chain issues in Asia-Pacific and Europe contributed to delays in both the procurement of raw materials and final product distribution, adding to the overall price surge.
Despite the price increases, demand for 2-EHA remained solid across key applications, particularly in automotive, plastics, and lubricants.
Q1 2025 – Latest Price Trends and Outlook
As of Q1 2025, 2 Ethylhexanoic Acid prices are currently ranging from $1,950 to $2,300 per metric ton. The primary factors driving this price range include:
- Sustained demand from automotive and coatings industries: The demand for lubricants, fuel additives, and coatings remains strong, particularly as automotive production continues to grow.
- Feedstock and energy cost volatility: Prices for key feedstocks like hexanol and acetic acid, as well as energy costs, continue to fluctuate, resulting in an upward pressure on 2-EHA prices.
- Continued logistical challenges: The persistent supply chain disruptions, especially in Asia and Europe, continue to impact the pricing of 2-EHA, as delays in shipping and production remain prevalent.
With demand from industries such as automotive, plastics, and chemicals still strong, the market outlook for 2025 remains optimistic, although price fluctuations may continue due to raw material and logistical challenges.
2 Ethylhexanoic Acid Market Forecast 2025
The global 2-Ethylhexanoic Acid (2-EHA) market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2028. Several factors contributing to this growth include:
- Increased demand from automotive and coatings: The automotive industry’s use of lubricants and fuel additives, combined with the growing need for industrial coatings, will continue to drive the market forward.
- Growth in plastics and polymer industries: As demand for plasticizers and polymer additives rises, particularly in the construction and automotive sectors, the demand for 2-EHA is expected to continue growing.
- Rising need for synthetic lubricants: The growth of the synthetic lubricant market, particularly for automotive engines and industrial machinery, will drive demand for 2-EHA as a key ingredient.
With the automotive, coatings, and plastics sectors showing consistent demand, the market is expected to remain strong throughout 2025 and beyond, with a CAGR of 4.5% forecasted.
Top 2 Ethylhexanoic Acid Suppliers
Several major companies dominate the global 2-Ethylhexanoic Acid market, supplying a significant share to industries like automotive, plastics, and lubricants. Below are some of the leading suppliers:
- BASF (Germany): BASF is one of the largest global producers of 2-Ethylhexanoic Acid, with a significant market share in Europe, North America, and Asia. The company supplies 2-EHA primarily for coatings, automotive, and plastics applications.
- OXEA (A subsidiary of Oman Oil) (Germany): OXEA is a major supplier of 2-Ethylhexanoic Acid globally, with a strong presence in Europe, North America, and Asia-Pacific. The company supplies 2-EHA for plasticizers, lubricants, and paints.
- Eastman Chemical Company (USA): Eastman is a key player in the 2-EHA market, supplying it for use in automotive coatings, plasticizers, and pharmaceutical applications, with a strong presence in North America and Europe.
- LG Chem (South Korea): LG Chem is a significant supplier of 2-Ethylhexanoic Acid in
Asia and North America, with a strong footprint in industries like coatings, plastics, and automotive lubricants.
- JX Nippon Oil & Energy (Japan): JX Nippon is a major supplier of 2-EHA, particularly in the Asia-Pacific region, for use in lubricants, fuel additives, and polymer industries.
- Perstorp (Sweden): Perstorp is a prominent European supplier of 2-Ethylhexanoic Acid, with a strong market presence in North America and Asia. The company supplies 2-EHA for plastics and polyurethane applications.
- Huntsman Corporation (USA): Huntsman supplies 2-Ethylhexanoic Acid to industries in North America, Europe, and Asia, focusing on applications in polyurethanes, paints, and plasticizers.
- Kraton Polymers (USA): Kraton Polymers is a key supplier of 2-EHA for use in polymers and adhesives, with significant presence in the North American and European markets.
- SABIC (Saudi Arabia): SABIC manufactures 2-Ethylhexanoic Acid primarily for use in plasticizers, lubricants, and paints, with a strong market presence in the Middle East, Europe, and Asia.
- ExxonMobil (USA): ExxonMobil supplies 2-EHA to key markets in North America, Europe, and Asia, particularly for use in automotive coatings and synthetic lubricants.
These suppliers continue to play a significant role in shaping the global 2-Ethylhexanoic Acid market, ensuring a steady supply to key industries.
The 2-Ethylhexanoic Acid (2-EHA) market is poised for steady growth in the coming years, driven by strong demand from industries such as automotive, coatings, and plastics. Despite challenges like raw material price fluctuations and logistical disruptions, the market is expected to continue its upward trajectory, with a projected CAGR of 4.5%.
Businesses should continue to monitor market trends and supplier dynamics to stay competitive and mitigate risks associated with raw material price increases and supply chain challenges.
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