The global Oxo alcohols market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period (2021-2027). Increasing demand for plasticizers will propel the market growth. Plasticizers are used as additives to enhance the product's plasticity or cohesiveness. Most plasticizers are predominantly used to manufacture polyvinyl chloride products, which can be used in a variety of applications such as flooring, PVC films, and wire & cables. Therefore, growing usage of plasticizers will significantly influence the market growth due to their strong foothold in the polymer industry. Plasticizers, when added to polymers, increase viscosity, compressibility, and reduce molecular attraction among polymeric chains, making the polymers more flexible and long - lasting; thus, rising demand for Polyvinyl chloride, versatile wallboard, plasticizer-based concrete, and ester-based plastic materials is expected to drive the Oxo alcohols market growth in the near future.
Browse the full report description of "Global Oxo Alcohols Market Size, Share & Trends Analysis Report by Type (N-butanol, 2-ethylhexanol, and Iso-butanol), and by Application (Acrylates, Glycol Ethers, Acetate, Lube Oil Additive, Plasticizers, and Others) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/oxo-alcohols-market
The manufacturers in the market are inclined towards the adoption of market strategies such as mergers and acquisition, new product launches, business expansion and partnership collaboration to fulfill the demand for oxo chemical in market. For instance, in September 2021, BASF introduced a range of new catalysts to produce isopropyl alcohol (IPA) more efficiently, a crucial ingredient in hand sanitizers, a much-needed consumer product during the Covid-19 pandemic. Additionally, BASF introduced O4-204, a new catalyst for n-butane based maleic anhydride production.
Moreover, in September 2020, Evonik launched new brand identity ELUCARE TD for its oxo alcohol portfolio. With the introduction of the ELUCARE TD brand, the company is become capable in serving high-quality intermediates to produce surfactants, special esters, lubricants, resins and special solvents to end-user verticals.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- INEOS AG, BASF PETRONAS Chemicals Sdn Bhd, Dow Chemical Co., Eastman Chemical Co., Andhra Petrochemicals Ltd., Bax Chemicals Export Overseas B.V., Evonik Industries AG, Formosa Plastics Corp., Hanwha Solutions Chemical Division Corp., Exxon Mobil Corp. and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Oxo Alcohols Market Report by Segment
By Type
• N-butanol
• 2-ethylhexanol
• Iso-butanol
By Application
• Acrylates
• Glycol Ethers
• Acetate
• Lube Oil Additive
• Plasticizers
• Others ( Resins, Solvents)
Global Oxo Alcohols Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa