Oxo Alcohols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
- June 2030
- 0 pages
Oxo alcohols are alcohols manufactured by adding hydrogen and carbon monoxide to an olefin in order to obtain an aldehyde. The aldehyde is in turn, hydrogenated to obtain alcohol. The key oxo alcohols used in various end-user industries include n-butanol, iso-butanol, 2-ethylhexanol, isononanol, and 2-propylheptanol. Collectively, these five oxo alcohols account for a majority market share of oxo alcohols in the global scenario, with n-butanol and 2-ethylhexanol accounting for a majority market share. Oxo alcohols are used as solvents as well as intermediates in the manufacturing of phthalates. Phthalates are used in the manufacturing of vinyl plasticizers. These plasticizers are used in various end-user industries such as buildings & construction, automotive, and consumer goods. The end-user industries such as construction, automotive, and others are anticipated to be the major drivers of the oxo alcohols market during the forecast period. The developing regions are expected to become major markets for oxo alcohols during the forecast period due to the extensive demand from end-user industries.
The market for oxo-alcohols was chiefly driven by escalating demand from the plasticizers as well as the solvents industry. Increasing demand for plasticizers from their end-user industries has been the key factor for driving the oxo alcohols market in the current decade and is anticipated to continue in the next decade. Oxo alcohols such as n-butanol are used in numerous applications such as solvents, glycol ethers, acetate, and acrylate. Polyvinyl chloride (PVC) plasticizers are other major applications of the oxo alcohols where 2-ethylhexanol is used in significant quantities. 2-ethylhexanol is also used in several specialty plasticizers such as adipates, phosphates, and trimelliates, where higher performance is required. The ever-demanding plasticizer industry coupled with rising demand from the solvents industry are expected to be the major drivers in the oxo alcohols market during the next few years. However, stringent environmental regulations associated with the oxo alcohols industry are expected to hamper the market growth in the next few years. Fluctuating raw material prices such as crude oil and derivatives that are used in the manufacturing of oxo alcohols are also expected to hinder the growth rate of oxo alcohols market, thereby acting as a restraint for this market.
Globally, the demand for oxo alcohols is projected to increase considerably during the forecast period due to ever-rising demand for oxo alcohols from various industries. In terms of demand, Asia Pacific was the leading region for oxo alcohols market. Asia Pacific is expected to be one of the fastest growing markets for oxo alcohols due to increasing demand for phthalates, which are used in plasticizers. China is anticipated to be the largest consumer of oxo alcohols in Asia Pacific and is projected to show a similar trend during the forecast period. Emerging countries such as India and Japan are also projected to offer improved opportunities for oxo alcohols market in the next few years. Developed regions such as North America and Europe are also anticipated to have a significant demand as the demand for plasticizers is expected to remain high in the U.S. and other developed countries in North America and Europe. Rest of the World market is forecasted to illustrate an optimistic outlook for the oxo alcohols market in the current decade considering the steady demand for solvents and plasticizer industries. Latin America is likely to be one of the fastest growing markets for oxo alcohols in the Rest of the World region.
Key players operating in the oxo alcohols market include Eastman Chemical Company, BASF SE, Exxon Mobil Corporation, INEOS Group Limited, Formosa Plastics Group, The Dow Chemical Company, and China Petroleum & Chemical Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents