Press Release

Global Oxo-Alcohol Market to Grow at a CAGR of 2.5% between 2024-2032

Global Oxo-Alcohol Market

According to a new report by EMR titled, ‘Global Oxo-Alcohol Market Report and Forecast 2024-2032’, the oxo-alcohol market reached 8.89 million tons in 2023. The market is expected to witness a steady growth in the forecast period of 2024-2032, growing at a CAGR of 2.5%. In 2032, the market is projected to attain 11.09 million tons.

The Asia Pacific accounts for the largest share in the global oxo-alcohol market. China is the leading producer of oxo-alcohol in the world followed by the US. North America is a mature market for oxo-alcohol. The industry in the region is being driven by the rising per capita consumption of plastic. The diversification of plasticiser applications across various industries is driving the oxo-alcohol market in the region. Plasticisers are the largest application sector for oxo-alcohol, globally. They find the majority of their applications in PVC, to improve the material’s durability and flexibility. The rise in environmental consciousness is leading to a growing demand for non-phthalate plasticisers.

 

n-Butanol is preferred over other oxo-alcohol types and accounts for the largest market share. Butanols, overall, have witnessed a healthy growth over the recent years, due to the rising application of its derivative butyl acrylate in water-based coatings. The German chemical company, BASF is the leading producer of oxo alcohols, especially, producing n-butanols. Although the company remained on force majeure for isobutanol (IBA) in Ludwigshafen, Germany in Q1 2020, the supply of n-butanol (NBA) and 2-ethyl hexanol (2-EH) was enough to meet the demand in Europe. In 2017, INEOS Oxide, a key player in the industry, acquired Arkema’s Oxo alcohol business including the company’s stake in Oxochimie, Arkema’s joint venture at Lavéra with INEOS. Oxochimie used to manufacture butanols and 2-ethyl hexanol.

 

 Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Breakup by Types, Forms, Raw Material, and Regions:

  • The types of oxo-alcohol available in the market are 2-Ethylhexanol, n-Butanol, and iso-Butanol, among others.
  • Plasticizer and Ethylhexyl Acrylate, among others are the forms of oxo-alcohol.
  • Propylene and natural gas are the major raw materials used to manufacture the alcohols.
  • Region-wise, the major regional markets are North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The rising automotive industry in major markets like the US and China is aiding the oxo-alcohol industry.
  • The growth of Original Equipment Manufacturer (OEM) is further propelling the market for oxo-alcohols forward.
  • The growing number of new construction projects in emerging countries and renovation projects in developed countries is further driving the market.
  • The rise in populations and rapid urbanisation across the world is helping the market growth.

 

Key Offerings of the Report:

  • The EMR report gives an in-depth analysis of the historical (2018-2023) and forecast (2024-2032) markets of oxo-alcohol, according to its types, forms, and raw materials.
  • The report provides a detailed insight into the regional markets for the periods (2018-2023) and (2024-2032).
  • It assesses the market based on the Porter’s Five Forces model.
  • An analysis of the value chain has been offered along with a SWOT analysis.

 

The key players in the global BASF SE, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Oxide Ltd., Grupa Azoty ZAK S.A., Others. The report by EMR covers their capacity, market share, and latest developments like plant turnarounds, expansions of capacity, and mergers and acquisitions.

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER