Oxo Alcohols Market Report

Market Insights

Oxo Alcohols Market is expected to grow form USD 19.07 billion in 2021 to USD 27.18 billion by 2028 at a CAGR of 5.14% during the forecast period of 2022-2028.

What are oxo alcohols?

Oxo alcohols are prepared by adding carbon monoxide and hydrogen to an olefin for obtaining an aldehyde by using the hydroformylation reaction and after that, hydrogenating the aldehyde to obtain the alcohol which can be used in manufacturing a wide range of products including oil surface coatings, polymers, plasticizers, solvents, etc.

Market Drivers

Growing plasticizer demand in the automotive, consumer goods, construction and packaging industries is one of the major factors fueling the market growth over the forecast period.

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Segment Analysis

By Product Type

The market is segmented as iso-butanol, n-butanol, 2-ethylhexanol, and others. 2-ethylhexanol is estimated to account for the major share of the market on account of its utilization in downstream application and petrochemical industry. On the other hand, iso-butanol is estimated to witness significant growth in the market owing to its attractive features such as good adhesion to surface, flexibility, enhanced flow, and climatic resistance making it suitable for utilization in production of paints, industrial & household coatings and adhesives, wood varnishes, accelerating the overall industry growth during the forecast period.

By Application Type

The market is segmented as plasticizers, acrylate, acetate, glycol ether, solvents, adhesives, lube oil additive, and others. Plasticizers are estimated to be the dominating application type in the market during the forecast period on account of their strong scope of application in the polymer industry. On the other hand, lube oil additive is expected to witness significant growth in the market owing to the growing demand for effective lubrication systems in automobiles and machinery.

By Region

Europe is estimated to account for the major share of the market owing to increasing automotive production rates coupled with the presence of some of the key OEMs and lubricant manufacturers in the region. Italy, Germany, and Spain are the major growth engines of the region likely to provide lucrative growth opportunities during the forecast period. On the other hand, Asia-Pacific is estimated to witness significant growth in the market with China being the major country with growing demand for paints & coatings, adhesives & varnishes, etc. fueling the regional market growth over the forecast period.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The oxo alcohols market is segmented into the following categories. 

By Product Type:

• Iso-Butanol
• N-Butanol
• 2-Ethylhexanol
• Others

By Application Type:

• Plasticizers
• Acrylate
• Acetate
• Glycol Ether
• Solvents
• Adhesives
• Lube Oil Additive
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the oxo alcohols market are-

• BASF Petronas
• Bax Chemicals
• Eastman Chemical Company
• Elekeiroz
• Evonik Industries
• Exxon Mobil Corporation
• LG Chem Ltd.
• OXEA GmbH
• Sasol Ltd.
• The Dow Chemical Company.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.