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Global Oxo-Alcohol Market: By Type: 2-Ethylhexanol, n-Butanol, iso-Butanol, Others; By Form: Plasticizer, Ethylhexyl Acrylate, Others; By Feedstock: Propylene, Natural Gas; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Oxo-Alcohol Market Outlook
The global oxo-alcohol market reached a volume of about 8.2 million tons in 2020 and is further expected to grow at a CAGR of 2.5% in the forecast period of 2021-2026 to reach a volume of approximately 9.28 million tons by 2026.
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The industry is primarily driven by the consumption of the product in major end-use sectors including construction/remodelling, automotive production and original equipment manufacturer (OEM). This report by EMR entitled “Global Oxo-Alcohol Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray into the oxo alcohol market. Region-wise, the Asia Pacific currently represents the largest market.
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Oxo-Alcohol: Industry Definition and Segmentation
Oxo-alcohol is prepared by carbon monoxide (CO) and hydrogen (H2) followed by hydrogenation of the intermediate aldehyde. It is a clear liquid with mild odour and typically lies in the C3-C15 range.
On the basis of type, the market can be segmented into:
- 2-Ethylhexanol
- n-Butanol
- iso-Butanol
- Others
Based on the form, the industry is being segmented into:
- Plasticizer
- Ethylhexyl Acrylate
- Others
Based on feedstock, the market is divided into:
- Propylene
- Natural Gas
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Oxo-alcohol is used in paints, coatings, adhesives, chemical manufacturing, textile and leather, and lubricant additives. With rising demand from solvents industry, the market is witnessing a significant growth.
The value chain analysis of the product has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the industry based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. The report also covers the global import and export trends of popular product types (2-Ethylhexanol and n-Butanol) with China being the largest importer of both alcohol types while Germany and the United States being the largest exporter of 2-Ethylhexanol and n-Butanol respectively.
This report also provides an exhaustive insight into the manufacturing of the product. Factors such as reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report.
Key Industry Players in the Global Oxo-Alcohol Market
The report gives a detailed analysis of the following key players in the global oxo-alcohol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- LG Chem Ltd.
- Exxon Mobil Corporation
- Eastman Chemical Company
- Ineos Oxide Ltd.
- Grupa Azoty ZAK S.A.
- The Andhra Petrochemicals Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Oxo-Alcohol Market Overview
4.1 Global Oxo-Alcohol Market Analysis
4.1.1 Figure: Global Oxo-Alcohol Historical Market (2016-2020) & Forecast (2021-2026)
4.1.2 Chart: Global Oxo-Alcohol Market Breakup by Type
4.1.2.1 2-Ethylhexanol
4.1.2.2 n-Butanol
4.1.2.3 iso-Butanol
4.1.2.4 Others
4.1.3 Figure: Global Oxo-Alcohol Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
4.1.3.1 2-Ethylhexanol
4.1.3.2 n-Butanol
4.1.3.3 iso-Butanol
4.1.3.4 Others
4.1.4 Chart: Global Oxo-Alcohol Market Breakup by Form
4.1.4.1 Plasticizer
4.1.4.2 Ethylhexyl Acrylate
4.1.4.3 Others
4.1.5 Figure: Global Oxo-Alcohol Market Breakup by Form: Historical Market (2016-2020) & Forecast (2021-2026)
4.1.5.1 Plasticizer
4.1.5.2 Ethylhexyl Acrylate
4.1.5.3 Others
4.1.6 Figure: Global Oxo-Alcohol Market Breakup by Feedstock
4.1.6.1 Propylene
4.1.6.2 Natural Gas
4.1.7 Figure: Global Oxo-Alcohol Market Breakup by Feedstock: Historical Market (2016-2020) & Forecast (2021-2026)
4.1.7.1 Propylene
4.1.7.2 Natural Gas
4.1.8 Chart: Global Oxo-Alcohol Market Breakup by Region
4.1.8.1 North America
4.1.8.1.1 United States of America
4.1.8.1.2 Canada
4.1.8.2 Europe
4.1.8.2.1 Germany
4.1.8.2.2 United Kingdom
4.1.8.5.3 France
4.1.8.2.4 Italy
4.1.8.2.5 Others
4.1.8.3 Asia Pacific
4.1.8.3.1 China
4.1.8.3.2 Japan
4.1.8.5.3 India
4.1.8.3.4 ASEAN
4.1.8.3.5 Others
4.1.8.4 Latin America
4.1.8.4.1 Brazil
4.1.8.4.2 Argentina
4.1.8.4.3 Mexico
4.1.8.4.4 Others
4.1.8.5 Middle East & Africa
4.1.8.5.1 Saudi Arabia
4.1.8.5.2 United Arab Emirates
4.1.8.5.3 Nigeria
4.1.8.5.4 South Africa
4.1.8.5.5 Others
4.1.9 Figure: Global Oxo-Alcohol Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
4.1.9.1 North America
4.1.9.1.1 United States of America
4.1.9.1.2 Canada
4.1.9.2 Europe
4.1.9.2.1 Germany
4.1.9.2.2 United Kingdom
4.1.9.5.3 France
4.1.9.2.4 Italy
4.1.9.2.5 Others
4.1.9.3 Asia Pacific
4.1.9.3.1 China
4.1.9.3.2 Japan
4.1.9.5.3 India
4.1.9.3.4 ASEAN
4.1.9.3.5 Others
4.1.9.4 Latin America
4.1.9.4.1 Brazil
4.1.9.4.2 Argentina
4.1.9.4.3 Mexico
4.1.9.4.4 Others
4.1.9.5 Middle East & Africa
4.1.9.5.1 Saudi Arabia
4.1.9.5.2 United Arab Emirates
4.1.9.5.3 Nigeria
4.1.9.5.4 South Africa
4.1.9.5.5 Others
4.2 SWOT Analysis
4.2.1 Overview
4.2.2 Strengths
4.2.3 Weaknesses
4.2.4 Opportunities
4.2.5 Threats
4.3 Value Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Overview
4.4.2 Buyer’s Power
4.4.3 Supplier’s Power
4.4.4 New Entrants
4.4.5 Degree of Rivalry
4.4.6 Substitutes
5 Manufacturing Process
5.1 Detailed Process Flow
5.2 Operations Involved
5.3 Mass Balance
6 Cost Analysis
6.1 Land, Location and Site Development
6.2 Construction
6.3 Plant Machinery
6.4 Cost of Raw Material
6.5 Packaging
6.6 Transportation
6.7 Utilities
6.8 Manpower
6.9 Other Capital Investment
7 Competitive Landscape & Supplier Analysis
7.1 BASF SE
7.2 LG Chem Ltd.
7.3 Exxon Mobil Corporation
7.4 Eastman Chemical Company
7.5 Ineos Oxide Ltd.
7.6 Grupa Azoty ZAK S.A.
7.7 The Andhra Petrochemicals Ltd
7.8 Others
8 Industry Events and Developments
Key Questions Answered in the Report
In 2020, the global oxo-alcohol market attained a volume of nearly 8.2 million tons.
The industry is projected to grow at a CAGR of 2.5% between 2021 and 2026.
The industry is estimated to grow in the forecast period of 2021-2026 to reach about 9.28 million tons by 2026.
The major drivers of the industry, such as the growing demand in paint and coating industry, increasing utilisation as a feedstock for plasticizers, amino resin, and printing inks, rising demand from the developing regions, and growing construction industry, are expected to aid the industry growth.
The growing technological advancements and increasing mergers and acquisitions by the key players are the key industry trends guiding the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.
2-ethylhexanol, n-butanol, and iso-butanol are the major product types in the industry.
The major forms of the product include plasticizer and ethylhexyl acrylate.
The significant feedstock of the product are propylene and natural gas.
The major players in the industry are BASF SE, LG Chem Ltd., Exxon Mobil Corporation, Eastman Chemical Company, Ineos Oxide Ltd., Grupa Azoty ZAK S.A., The Andhra Petrochemicals Ltd., and others.
Analyst Review
The global oxo-alcohol market attained a volume of 8.2 million tons in 2020, driven by the rising demand for paints and lubricants and increased construction activities. Aided by the new technological innovations, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2.5%. The market is projected to reach 9.28 million tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into 2-ethylhexanol, n-butanol, and iso-butanol. On the basis of form, the industry can be divided into plasticizer and ethylhexyl acrylate. On the basis of feedstock, the industry can be segmented into propylene and natural gas. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above market include BASF SE, LG Chem Ltd., Exxon Mobil Corporation, Eastman Chemical Company, Ineos Oxide Ltd., Grupa Azoty ZAK S.A., and The Andhra Petrochemicals Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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