Global Oxo Alcohols Market, By Type (N-Butanol, 2- Ethylhexanol, ISO Butanol, Other OXO Alcohols), Application (Acrylates, Glycol Ethers, Acetates, Lubes, Resins, Solvents, Plasticizers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Oxo Alcohols Market
The Global Oxo Alcohols Market is expected to reach USD 21.5 billion by 2025, from USD 15.1 billion in 2017 growing at a CAGR of 4.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Oxo Alcohols Market
Oxo alcohols are prepared by a two-step process. Firstly it is to convert ole fins to alcohols by reaction with syn gas followed by hydrogenation of the resultant aldehyde. This is done in the presence of rhodium catalyst. Different olefins such as propylene, ethylene and acetylene are used for the preparation of different kinds of oxo alcohols. The key oxo alcohols for various end-user industries are isononanol, 2-ethylhexanol, 2-propylheptanol, n-butanol and iso-butanol. They are used in the manufacturing of phthalates as a solvents and intermediates. Phthalates are used for manufacturing vinyl plasticizers. These plasticizers have applications in various end-use industries such as automotive, buildings & construction, and consumer goods. These applications account for the major driving factors for this market. The market for Oxo-alcohols is chiefly driven by escalating demand from the plasticizers as well as the solvents industry. In May 2017, Ineos acquired Arkema's oxo alcohol business for integrating the Oxochimie joint venture and growing the global market presence in oxo alcohols, aldehydes & derivatives. They produce butanol, 2-ethyl hexanol and oxoaldehydes on behalf of its parent companies.
- Increasing demand for butyl acrylates, 2-eh acrylates
- Increasing application scope in solvent formulations for usage in printing inks, cleaners & polish
- Fluctuating raw material prices such as crude oil and derivatives
- Stringent environmental regulations associated with the oxo alcohols industry
Segmentation: Global Oxo Alcohols Market
- 2- Ethylhexanol
- ISO Butanol
- Other OXO Alcohols
- Glycol Ethers
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Competitive Analysis: Global Oxo Alcohols Market
The global oxo alcohols market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of distilled spirits market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In May 2011, Oxea company had launched a range of products under the brand name Oxsoft in order to support the increasing market shift to phthalate-free and non-VOC plasticizers. Due to launch of this product it will benefit in increase the product portfolio of the company.
Key Market Competitors: Global Oxo Alcohols Market
The key players operating in the global oxo alcohols market are
- The DOW Chemical Company
- BASF SE
- Exxon Mobil Corporation
- Eastman Chemical Company
- Evonik Industries
The other players in the market are, The Andhra Petrochemicals Limited (India), Oxea GmbH (Germany), Ineos (Switzerland), LG Chem Ltd (South Korea), BAX Chemicals (Netherlands), Qatar Petroleum (Qater), Arkema SA (France), ZAK S.A. (Poland), Sasol Limited (South Africa), Indu Nissan Oxo Chemicals Industries Ltd (India), Mitsubishi Chemical Corporation (Japan), PDIT Group Ltd (Russia), Apratim International (India), Dhiren Chemical Industries (India)and many more.
Research Methodology: Global Oxo Alcohols Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global oxo alcohols market
- Analyze and forecast the oxo alcohols market on the basis of type and application.
- Trends of key regional and country-level markets for ingredient type and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis