Oxo chemicals are the intermediates which play an important role in today’s world and are derived from the Oxo process. These intermediate and derivative products are converted into aldehydes in the presence of catalysts which in turn are converted into alcohols, acids and other chemicals used in surface coatings. Chemicals produced from the Oxo process are commonly known as Oxo chemicals. 2-ethyl hexanol (2-EH), n-butanol, n- butyraldehyde and C6-C13 aldehydes are some most common Oxo chemicals which are used in major end-use markets such as construction and remodeling, automotive production, and in original equipment manufacturing (OEM). The major feature that will help shape the Oxo chemicals market will include economic conditions and environmental regulation.This growth is primarily driven by Growth in Demand for Butyl Acrylates, 2-Eh Acrylates and Strong Demand from End-Users Such as Plasticizers Chemical Manufacturing Industries.
Globally, a noticeable market trend is evident Rising Technological Advancements in Oxo Chemicals
. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 15th October, SilicoLife, one of Portugal's leading bio-economy firms, has developed BUTANOVA technology, a fresh biological process for n-butanol production. Green Biologics Inc., a U.K.-based firm, supplied JungbunzlauerLadenburg GmbH, Germany with its first 100% sustainable Bio-pure n-Butanol.
In 2018, isobutanol was endorsed by the United States Environmental Protection Agency (EPA) as an additive for mixing up to 16 parts in automotive cars into gasoline.
- Growth in Demand for Butyl Acrylates, 2-Eh Acrylates
- Strong Demand from End-Users Such as Plasticizers Chemical Manufacturing Industries
- Rising Technological Advancements in Oxo Chemicals
- Introduction of Innovative Products Such as Phthalate Free Plasticizers, Water Based and Protective Coatings, Etc.
- Maturity of the Product
- High Cost Related to Chemicals
- Rising Environmental Concerns and Stringent Environmental Regulations Proposed for the Protection of the Environment.
Growth of Automotive and Paint & Coatings Industries in the Emerging Economies and Growing Strong Demand for OXO Chemical in Asia-Pacific
Shrinking Grounds for Small Capacity Plants and Issue Related Towards Increasing Buyer Bargaining Power, Emphasis on High-Quality Products at Low Costs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Oxo Chemicals Study Sheds Light on
The Oxo Chemicals Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Oxo Chemicals industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Oxo Chemicals industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.