PDF-Oxo Alcohols Market

Oxo Alcohols Market Share by Regional Outlook,
Competitive Market Analysis & Forecast, 2017 – 2024:
Global Market Insights, Inc.
Oxo Alcohols Market size is set to surpass USD 20 billion by 2024; according to a new
research report by Global Market Insights, Inc.
Rising plasticizers demand for manufacturing plastics for automotive and construction
applications should drive oxo alcohols market size. Continuously evolving production
technologies along with new product development owing to increase in research
spending by industry participants should further bolster product demand.
Global oxo alcohols demand in plasticizers industry will surpass USD 8.5 billion during
forecast time period. This market size is chiefly driven by demand from plasticizers and
solvents which find wide range of applications in plastics industry. Inevitability of
plastics and polymers in aerospace, automotive, and construction industry should
drive oxo alcohols market size. Oxo alcohol also serves as intermediate in
manufacturing adhesives, paints and coatings.
Germany oxo alcohols market demand will signify industry growth rates of over 3.5%
during forecast period. This growth in demand can be attributed to increased
automotive production in the region thus leading to rise in demand for lubricants.
These products act as dispersant in lubricants leading to improved operational
efficiency. Growing demand for lubricants from automotive sector especially in
general & commercial transportation along with demand from manufacturing industry
is likely to complement oxo alcohols market demand. Recent surge in popularity for
synthetic lubricants should further bolster industry growth.
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U.S. Oxo Alcohols Market Size, By Application, 2016 & 2024 (USD Million)
Glycol ethers are other intermediates produced from oxo alcohols like di ethylene
glycol mono butyl ether used for production of hydraulic brake fluids and solvent, tri
ethylene glycol mono butyl ether in pharmaceutical industry as non-volatile carriers
and ethylene glycol mono butyl ether for oil & gas production. Strong product demand
growth in the relative industries should propel market growth.
Key feedstocks used for commercial manufacturing of oxo alcohols include propylene,
acetylene and ethylene which are extracted from crude oil. Fumes produced during
the production process has severe environmental impacts which regulates its usage in
Europe and North America.
Browse key industry insights spread across 170 pages with 167 market data tables &
10 figures & charts from the report, “Oxo Alcohols Market Size By Product (N-
Butanol, 2-Ethylhexanol, Iso-Butanol), By Application (Plasticizers, Acrylate, Acetate,
Glycol Ether, Solvents, Adhesives, Lube Oil Additive), Regional Outlook (U.S.,
Canada, Mexico, Germany, UK, France, Italy, Russia, China, Japan, India, South
Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, South Africa),
Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of
contents:
https://www.gminsights.com/industry-analysis/oxo-alcohols-market
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Oxo alcohols industry size from adhesives application during forecast period will
witness growth of about 3%. These adhesives find wide application scope in bonding
composite, ceramics, metal, rubber and plastic materials which are formulated in
addition with polyurethane, epoxies, silicones, cyanoacrylate and polysulfides.
N-butanol market demand will show strong growth rates of over 5% by 2024 because
of its extensive use for producing perfumes, paints, coatings, dye, synthetic resins and
alkaloids. It also performs as a competitive renewable biofuel for use in combustion
engines overcoming drawbacks from low carbon alcohols and bio-diesel with reduced
emission and enhanced performance.
U.S. oxo alcohols industry size will impart strong gains surpassing USD 3.5 billion due
to its seasonal boost in coatings demand for construction remodeling industry. Recent
increase in federal infrastructural spending and tax cut in the country along with huge
crude oil production & refining capacity should reinforce regional industry demand.
Oxo alcohols market share is competitive and moderately concentrated including
industry players like BASF, LG Chem, Eastman Chemicals, Dow Chemicals, BAX
Chemicals and Evonik. These market participants strategize on expanding their
regional presence along with gaining technological advantage through partnerships,
mergers & acquisitions. Companies are keen to shift their production bases in the
regions with ample feedstock supply thus reducing production cost.
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