Global OxoAlcohol Market, By Type (N-Butanol, 2-Ethylhexanol, ISO Butanol, Others) Application (Acrylates, Glycol Ethers, Acetates, Lubes, Resins, Solvents, Plasticizers Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global OxoAlcohol Market
The oxoalcohol market is expected to witness market growth at a rate of 5.35% in the forecast period of 2021 to 2028 and is expected to reach USD 25.2 billion by 2028. Data Bridge Market Research report on oxoalcohol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of oxoalcohol market.
Oxo alcohols refer to the type of alcohols that are prepared by adding carbon monoxide and hydrogen to an olefin in order to obtain an aldehyde utilizing the hydroformylation reaction. Then the aldehyde is hydrogenated to obtain the alcohol.
The increase in demand for plasticizers from several end-user sectors across the globe acts as one of the major factors driving the growth of oxoalcohol market. The rise in demand for Oxo alcohols such as n-butanol for numerous applications including acrylate, acetate, glycol ethers, and solvents, and the surge in employment of 2-ethylhexanol in several specialty plasticizers such as trimelliates, phosphates, and adipates, especially where higher performance is demanded accelerate the market growth. The rise in demand for PVC products from construction sector as it plays a vital part in the construction and use of bio-based alcohol in the production of esters used for hair care, skincare, and fragrance products further influence the market. Additionally, surge in investment, research and development activities and high use in solvent industry positively affect the oxoalcohol market. Furthermore, development of efficient and new variants extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, fluctuations in the raw material costs such as derivatives and crude oil that are utilized in the production of oxoalcohols are expected to obstruct the market growth. The presence of strict environmental regulations is projected to challenge the oxoalcohol market in the forecast period of 2021-2028.
This oxoalcohol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on oxoalcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
OxoAlcohol Market Scope and Market Size
The oxoalcohol market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the oxoalcohol market is segmented into -Butanol, 2-Ethylhexanol, ISO Butanol and Others.
- On the basis of application, the oxoalcohol market is segmented into acrylates, glycol ethers, acetates, lubes, resins, solvents and plasticizers others.
Global OxoAlcohol Market Country Level Analysis
The oxoalcohol market is analyzed and market size, volume information is provided by country, purity, type and application as referenced above.
The countries covered in the global oxoalcohol market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oxoalcohol market due to a large number of end-use industries within the region. Asia-Pacific is expected to be the fastest-growing market during the forecast period of 2021 to 2028 because of the growing demand for phthalates, utilized in plasticizers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and OxoAlcohol Market Share Analysis
The oxoalcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oxoalcohol market.
The major players covered in the oxoalcohol market report are Dow, Eastman Chemical Co., INEOS, LG Chem, Arkema Chemicals Co., Evonik Industries AG, Exxon Mobil Corporation, BASF SE, The Andhra Petrochemicals Ltd., OQ Chemicals GmbH, ZAK, Qatar Petroleum, PDIT Group Ltd., Apratim International, and Sasol Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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