The Global Oxo Alcohols Market is projected to reach a value of over USD 23 billion by 2027 at a CAGR of around 4.7%.
Oxo Alcohols are prepared by adding carbon monoxide and hydrogen to an olefin, further, the aldehyde is hydrogenated to obtain alcohol. N-butanol, iso-butanol, 2-ethylhexanol, and isononanol are widely used oxo alcohols In various end uses industries. They find application in acrylates, acetates, resins, plasticizers, solvents, lube oil additives, glycol ethers, and others.
Market Driver:
Oxo alcohol market is mainly driven by the increasing demand from plasticizers as well as the solvents in their end-use industry, which is likely to continue this demand during the forecasted period. Polyvinyl chloride (PVC) plasticizers are other major applications of the oxo alcohols where 2-ethylhexanol is used in huge quantities. Moreover, 2-ethylhexanol is also used in several specialty plasticizers such as adipates, phosphates, and trimelliates, where higher performance is required. Thus, increasing demand from the plasticizer industry coupled with rising demand from the solvents industry is expected to be the major drivers in the oxo alcohols market during the assessment period.
Market Restraint:
Key raw materials used in commercial production include propylene, ethylene, and acetylene which act as intermediates in the production of solvents, acetates, ether, and plasticizers. The price fluctuations are attributed to the extraction of the raw materials, which are dependent on geological and geopolitical factors. Some of these are petroleum-based products, which add up the cost on account of the supply-demand gap of crude oil.
The report on the Oxo Alcohols market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Type, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Oxo Alcohols Market, by Type
Oxo Alcohols Market, by Application
Oxo Alcohols Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE OXO ALCOHOLS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY