Scope of the Study
Oxo alcohol is prepared by adding carbon monoxide and hydrogen to olefin. This causes hydroformylation reaction to obtain aldehyde. Olefins such as ethylene, propylene, acetylene can be used as raw material to prepare oxo alcohols. Oxo alcohols are used as a solvent for preparing plasticizers, paints, coatings & adhesives, lubricant additives and in chemical manufacturing. Moreover, 2-Methyl-2-butanol (2M2B), n-Butanol, 2-Ethylhexanol, 2-Propylheptanol, Isononyl alcohol, and Isodecyl alcohol are some key oxo alcohols sold in commerce.
The market study is being classified by Type (N-Butanol, 2- Ethylhexanol, ISO Butanol and Others), by Application (Acrylates, Glycol Ethers, Acetates, Lubes, Resins, Solvents, Plasticizers and Others) and major geographies with country level break-up.
BASF Petronas (Malaysia), Dow Chemical Company (United States), Eastman Chemical Company (United States), ExxonMobil Chemical Company (United States), Arkema SA (France), Evonik Industries (Germany), The Andhra Petrochemicals Limited (India), Oxea (United States), ZAK S.A. (Poland) and Ineos (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BAX Chemicals (The Netherlands), Qatar Petroleum (Qatar) and LG Chem (South Korea).
The global oxo alcohol market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Oxo Alcohol market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Oxo Alcohol market by Type, Application and Region.
On the basis of geography, the market of Oxo Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Oxo Alcohol in Manufacturing of Plasticizers, Paints, and Adhesives
- Wide Range of Applications of Oxo Alcohol is Fueling the Market
- Dependency of Consumers on Polymer Based Products
- Stringent Government Regulations for Chemicals may hamper the Market
- Maturity of the Product
- Rising Renovation and Refurbishment Activities Coupled with Increasing Disposable Income
- Changing Lifestyle of Individuals
- Fluctuations in Raw Material which are Derived from Crude Oil
Market Leaders and their expansionary development strategies
On 1st April 2019, Eastman has announced that it has acquired Sasol which is a chemical and Energy Company. This acquisition helps the company to expand its heat transfer fluid product offerings to the customers across the globe.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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