Oxo Chemicals Market Scope
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.
The market study is being classified by Type (C7-C13 Plasticizer Oxo Alcohols, Branched Oxo Acids, Heptanoic and Pelargonic Acids, Isobutyraldehyde, N-Butyraldehyde, Propionaldehyde and Others), by Application (Resins, Solvents, Plasticizers, Esters, Acetates, Ether, Acrylates and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Oxo Chemicals market throughout the predicted period.
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 (Netherlands), Qatar Petroleum (Qatar) and LG Chem (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Oxo Chemicals market by Type, Application and Region.
On the basis of geography, the market of Oxo Chemicals 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). If we see Market by End User, the sub-segment i.e. Automotive Industries will boost the Oxo Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Technological Advancements in Oxo Chemicals
- Introduction of Innovative Products Such as Phthalate Free Plasticizers, Water Based and Protective Coatings, Etc.
- Growth in Demand for Butyl Acrylates, 2-Eh Acrylates
- Strong Demand from End-Users Such as Plasticizers Chemical Manufacturing Industries
- Growth of Automotive and Paint & Coatings Industries in the Emerging Economies
- Growing Strong Demand for OXO Chemical in Asia-Pacific
- Maturity of the Product
- High Cost Related to Chemicals
- Rising Environmental Concerns and Stringent Environmental Regulations Proposed for the Protection of the Environment.
- Shrinking Grounds for Small Capacity Plants
- Issue Related Towards Increasing Buyer Bargaining Power, Emphasis on High-Quality Products at Low Costs
Key Target AudienceOxo Chemicals Manufactures, Oxo Chemicals Distributors, Chemical Industries, Government and Private Organisation and Others
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