The global demand for Oxo Alcohols Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Oxo-alcohols are used in a range of industries. They are utilized in paints, adhesives, and coatings, among other things, as solvents and chemical intermediates. Oxo-alcohols are used to make plasticizers, ethers, and acetates, which are all vital essential ingredients. Oxo alcohol is made by reacting an olefin with syngas in the presence of a rhodium catalyst to produce aldehyde, which is then hydrogenated to have alcohol. In industries, three oxo alcohols are used: n-butanol, iso-butanol, 2-ethyl hexanol, and isononanol. Acrylates, acetates, resins, plasticizers, solvents, lubricating oil additives, glycol ethers, and other products contain oxo alcohols. As a solvent, oxo alcohol reacts with phthalic anhydride to produce phthalates, transformed into vinyl plasticizers.
Market Dynamics
The oxo alcohols market is being driven by increased demand from the pharmaceutical industry and pesticides. Furthermore, increased industrialization, a growing manufacturing sector, and the expansion of the polymer and chemical industries are all drivers boosting the global oxo alcohols market. Moreover, the pharmaceutical ever-expanding sector and rising demand for high-performance fuels due to stringent regulations would enhance the need for oxo alcohols. The oxo alcohol market is likely to be driven by the increased use of plasticizers in various end-use industries.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of oxo alcohols. The growth and trends of oxo alcohols industry provide a holistic approach to this study.
Market Segmentation
This section of the oxo alcohols market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- N-Butanol
- 2-Ethylhexanol
- Iso-Butanol
By Applications
- Plasticizers
- Acrylate
- Acetate
- Glycol Ether
- Solvents
- Adhesives
- Lube Oil Additive
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Oxo Alcohols market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Oxo Alcohols Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the oxo alcohols market include BASF SE, Eastman Chemical Company, Mitsubishi Chemical Corporation, The DOW Chemical Company, ExxonMobil Chemical Company, Evonik Industries, LG Chem, BAX Chemicals BV, OXEA Group, CNPC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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