H1 2023: In the first half of 2023, the 2-Ethylhexyl Nitrate market in the Asia Pacific region witnessed mixed prices. During the initial four months of 2023, the price trajectory of 2-Ethylhexyl Nitrate in the Indian market consistently moved upward, witnessing incremental increases each month. This trend was primarily propelled by heightened manufacturing downstream activities, driven by positive demand fundamentals within the fuel industry. The sustained operation of production facilities at regular rates contributed to maintaining favourable market conditions. However, as the calendar flipped to May, the pricing landscape for 2-Ethylhexyl Nitrate in the Indian market took on a more diverse character. In May, prices experienced a decline, a shift attributed to the abundant availability of the compound resulting from resilient manufacturing activities across various Asian nations. This bearish trend was further emphasized by the decreasing costs of upstream feedstock and a reduction in inquiries from the Indian petrochemical sector. Downstream manufacturers reported accumulating stocks, thereby impeding shifts in the demand dynamics for 2-Ethylhexyl Nitrate. In response to heightened supply-side pressure, manufacturers adjusted by reducing offers for the downstream gasoline blending sector. Despite these fluctuations, prices rebounded from mid-June 2023 onwards, displaying a moderate trend in 2-Ethylhexyl Nitrate prices in the Indian market. This recovery suggests a nuanced and dynamic market response to various factors influencing the supply and demand dynamics.
The global 2-Ethylhexyl Nitrate market stood at approximately 310 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.1% during the forecast period until 2032.
2-Ethylhexyl Nitrate (EHN) plays a pivotal role across diverse industries, predominantly as a fuel additive with significant applications in combustion enhancement. One of its key uses is as a cetane number improver in diesel fuel, where it enhances ignition quality, leading to improved combustion efficiency and reduced emissions. In diesel engines, 2-EHN serves as a combustion enhancer, promoting better fuel atomization and combustion for smoother engine operation. Additionally, it functions as a cold flow improver, preventing the formation of wax crystals in diesel fuel during cold weather, thereby enhancing low-temperature operability. Its ignition-improving capabilities extend to biodiesel fuels, contributing to a more efficient and reliable combustion process. 2-EHN is also utilized in aviation fuels as an ignition enhancer and cetane number improver, ensuring optimal combustion properties and engine performance. As a versatile additive, 2-Ethylhexyl Nitrate stands as a crucial component in the pursuit of efficient, clean, and high-performance combustion across various fuel applications, from diesel engines to aviation fuels, underscoring its significance in fuel technology and environmental sustainability.
2-Ethylhexyl Nitrate (2EHN) stands as a pivotal cetane number improver within the realm of diesel fuels, strategically incorporated to augment combustion efficiency and overall performance. The market dynamics propelling the demand for 2EHN are intricately tied to its diverse applications across various sectors. Within the automotive industry, 2EHN is extensively employed in diesel engines to bolster the ignition quality of fuels, and as the automotive sector expands, the need for cetane number enhancers, such as 2EHN, is poised to escalate. Moreover, the transportation sector's heavy reliance on diesel for powering trucks, buses, and other robust vehicles contributes significantly to the burgeoning demand for cetane improvers, potentially steering the 2EHN market trajectory. In industrial settings where diesel engines are pivotal for power generation and machinery operations, the reliance on diesel-powered equipment emerges as a critical driver propelling the demand for cetane-enhancing additives like 2-EHN. Additionally, the indispensable role of diesel generators in the energy sector, especially in remote regions or areas with erratic power sources, underscores the enduring necessity for reliable power supplies, thereby sustaining the demand for diesel fuel additives, including 2-EHN. In essence, 2-EHN's market dynamics are intricately woven into the fabric of these diverse end-use sectors, each contributing to the compound's pivotal role in enhancing the performance and environmental efficiency of diesel fuels. The global 2-Ethylhexyl Nitrate market size is anticipated to reach nearly 470 thousand tonnes by 2032.
Based on region, Asia Pacific region is the fastest growing consumer of 2-Ethylhexyl Nitrate. The Asia Pacific region is poised to emerge as the leading consumer of 2-Ethylhexyl Nitrate in the forthcoming years, driven by robust economic growth, industrialization, and a surging demand for energy. The region's thriving industrial landscape and expanding economies are catalysts for an increased need for diesel fuels, consequently propelling the demand for cetane improvers like 2EHN. As the transportation sector experiences heightened demand owing to population growth and urbanization trends, the utilization of diesel engines becomes more prevalent, fostering a parallel escalation in the requirement for cetane enhancers. Additionally, ongoing developments in energy infrastructure, particularly in power generation employing diesel generators, contribute significantly to the burgeoning demand for cetane-improving additives in the Asia Pacific region. Moreover, stringent governmental regulations pertaining to environmental standards are likely to amplify the adoption of fuel efficiency-enhancing additives, thereby further stimulating the prevalence of 2EHN in the regional market. Continuous monitoring of market dynamics and real-time industry reports is recommended for a comprehensive understanding of the evolving landscape.
Based on the end-user industry, the global 2-Ethylhexyl Nitrate market is divided into Fuel Additive, Solvent, and Others. However, Fuel Additive Industry dominates the global 2-Ethylhexyl Nitrate market. In 2022, this industry consumed 90% of the 2-EHN market.
Major players in the Global 2-Ethylhexyl Nitrate market are Afton Chemical, Octel America, Lubrizol, Dalian Richfortune Chemical, EURENCO, Hainan Zhongxin Chemical, Richest Group., and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of 2-Ethylhexyl Nitrate which covers production, demand and supply of 2-Ethylhexyl Nitrate market in the globe.
• To analyse and forecast the market size of 2-Ethylhexyl Nitrate
• To classify and forecast Global 2-Ethylhexyl Nitrate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of 2-Ethylhexyl Nitrate market in the globe.
To extract data for Global 2-Ethylhexyl Nitrate market, primary research surveys were conducted with 2-Ethylhexyl Nitrate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global 2-Ethylhexyl Nitrate market over the coming years.
ChemAnalyst calculated 2-Ethylhexyl Nitrate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce 2-Ethylhexyl Nitrate. ChemAnalyst 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, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• 2-Ethylhexyl Nitrate manufacturers and other stakeholders
• Organizations, forums and alliances related to 2-Ethylhexyl Nitrate 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-Ethylhexyl Nitrate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global 2-Ethylhexyl Nitrate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
310 thousand tonnes
Market size Volume in 2032
470 thousand tonnes
Growth Rate
CAGR of 4.1% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Fuel Additive, Solvent, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of 2-Ethylhexyl Nitrate in terms of volume in 2022?
Ans:
The global market size of 2-Ethylhexyl Nitrate had reached approximately 310 thousand tonnes in 2022.
Q2.
Which region is the major consumer of 2-Ethylhexyl Nitrate?
Ans:
Asia Pacific region is the leading consumer of 2-Ethylhexyl Nitrate globally.
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