Latin America 2-Ethylhexanol Market Outlook

the market outlook for 2-ethylhexanol in latin america is a positive one, with the region being responsible for over 40% of global volume production. this favorable projection is likely to remain strong in the near to mid-term future. due to their highly cost competitive production location, cost of sourcing raw materials, and presence of highly qualified personnel, countries in the latin american corridor such as mexico, brazil, peru, and colombia are expected to be among the leaders in the regional market. meanwhile, other rapidly expanding markets such as argentina, chile, and ecuador also have potential to further increase their 2-ethylhexanol output. this is in part due to the sheer size and diversification potential within these countries’ markets. the main end-use industries of 2-ethylhexanol are currently polymers, agriculture, paint, and coatings. in latin america, there is broad potential for growth in all of these sectors. for instance, in mexico, the demand for 2ethylhexanol-based polymers for the automotive industry is expected to increase significantly over the next two decades. similarly, the fast-growing agriculture sector in the region is likely to drive up the demand for 2-ethylhexanol-based fertilizers, pesticides, and other chemicals. additionally, rapid urbanization in latin america has propelled the need for paints, coatings, and other related products, resulting in further growth potential for 2-ethylhexanol. in conclusion, the overall outlook for 2-ethylhexanol in latin american is encouraging. with the expanding automotive and agriculture sectors, as well as consistent demand from other end-use industries, the global demand for 2-ethylhexanol is set to remain strong over the course of the 2018 to 2032 period. as such, latin american countries, with their cost-competitive production environments and vast resources, will be best-placed to capitalize on this growth.