Oxo Alcohols Market: Summary
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.
Oxo Alcohols Market: Drivers & Challenges
- Increasing Demand from The Plasticizers and Solvents Industry
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.
- Fluctuating Raw Material Prices
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.
Oxo Alcohols Market: Key Segments
- Segmentation based on type: N-Butanol, 2-Ethylhexanol, ISO Butanol, and Others
- Segmentation based on application: Acrylates, Glycol Ethers, Acetates, Lubes, Resins, Solvents, Plasticizers, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Oxo Alcohols Market: Report Scope
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.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million) and Volume (Kiloton)
Type, Application, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- BASF SE. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- ExxonMobil Corporation
- Eastman Chemical Company
- Evonik Industries AG
- LG Chem
- Grupa Azoty ZAK SA
- Formosa Plastics Corporation
- China Petrochemical Corporation
- Other Key Companies
Oxo Alcohols Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Oxo Alcohols Market, by Type
- ISO Butanol
Oxo Alcohols Market, by Application
- Glycol Ethers
Oxo Alcohols Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Oxo Alcohols Market Providers
- Oxo Alcohols Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Oxo Alcohols Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE OXO ALCOHOLS MARKET STUDY