MARKET INTRODUCTION
Oxo alcohols are produced by adding carbon monoxide and hydrogen to an olefin to obtain an aldehyde using the hydroformylation reaction and then hydrogenating the aldehyde to obtain the alcohol. N-Butanol, ISO Butanol, 2-Ethylhexanol, and others are some of the oxo alcohols marketed by manufacturers commercially. Oxo alcohols find strong application scope in air conditioning & refrigeration, transportation, chemical processing, paints, coatings & adhesives, lubricants, and consumer goods. Acrylates are produced from oxo alcohols as intermediate for packaging, textile, and automotive sectors. Growing plasticizers demand from construction & packaging industries along with increasing application scope in solvent formulations for usage in printing inks & additive for cleaners & polish is expected to drive oxo alcohols market in the near future.
MARKET DYNAMICS
The oxo alcohols market has witnessed a significant growth owing to factors such as escalating demand from the plasticizers as well as the solvents industry. Oxo alcohols, including n-butanol are used in numerous applications such as solvents, glycol ethers, acetate, and acrylate, which is further influencing this market. However, stringent environmental regulations, coupled with the oxo alcohols industry, are expected to hamper the market growth in the upcoming years. Furthermore, fluctuating raw material prices such as crude oil and derivatives, which are used in the manufacturing of oxo alcohols may hinder the growth rate of oxo alcohols market. Nevertheless, with the robust growth in the paint and coating and plastic industries open up new opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Oxo Alcohols Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oxo alcohols market with detailed market segmentation by type, application, and geography. The global oxo alcohols market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oxo alcohols market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global oxo alcohols market is segmented on the basis of type and application. On the basis of type, the oxo alcohols market is segmented into N-Butanol, ISO Butanol, 2-Ethylhexanol, and others. The oxo alcohols market on the basis of the application is classified into acrylates, glycol ethers, acetates, lube oil additives, resins, solvents, plasticizers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global oxo alcohols market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The oxo alcohols market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the oxo alcohols market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the oxo alcohols market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global oxo alcohols market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from oxo alcohols market are anticipated to lucrative growth opportunities in the future with the rising demand for oxo alcohols in the global market. Below mentioned is the list of few companies engaged in the oxo alcohols market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oxo alcohols market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- BAX Chemicals BV
- Eastman Chemical Company
- Evonik Industries
- Exxonmobil Chemical Company
- Ineos Oxide
- LG Chem
- Oxea GmbH
- The Andhra Petrochemicals Limited
- The DOW Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.