Oxo Alcohols Market - Global Industry Analysis, Size, Share, Forecast 2016 - 2024

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Oxo Alcohols Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Oxo Alcohols
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Oxo alcohols are alcohols manufactured by adding hydrogen and carbon monoxide to an olefin in order to obtain an aldehyde.
The aldehyde is in turn, hydrogenated to obtain alcohol. The key oxo alcohols used in various end-user industries include nbutanol, iso-butanol, 2-ethylhexanol, isononanol, and 2-propylheptanol. Collectively, these five oxo alcohols account for a
majority market share of oxo alcohols in the global scenario, with n-butanol and 2-ethylhexanol accounting for a majority market
share. Oxo alcohols are used as solvents as well as intermediates in the manufacturing of phthalates. Phthalates are used in the
manufacturing of vinyl plasticizers. These plasticizers are used in various end-user industries such as buildings & construction,
automotive, and consumer goods. The end-user industries such as construction, automotive, and others are anticipated to be
the major drivers of the oxo alcohols market during the forecast period. The developing regions are expected to become major
markets for oxo alcohols during the forecast period due to the extensive demand from end-user industries.
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The market for oxo-alcohols was chiefly driven by escalating demand from the plasticizers as well as the solvents industry.
Increasing demand for plasticizers from their end-user industries has been the key factor for driving the oxo alcohols market in
the current decade and is anticipated to continue in the next decade. Oxo alcohols such as n-butanol are used in numerous
applications such as solvents, glycol ethers, acetate, and acrylate. Polyvinyl chloride (PVC) plasticizers are other major
applications of the oxo alcohols where 2-ethylhexanol is used in significant quantities. 2-ethylhexanol is also used in several
specialty plasticizers such as adipates, phosphates, and trimelliates, where higher performance is required. The ever-demanding
plasticizer industry coupled with rising demand from the solvents industry are expected to be the major drivers in the oxo
alcohols market during the next few years. However, stringent environmental regulations associated with the oxo alcohols
industry are expected to hamper the market growth in the next few years. Fluctuating raw material prices such as crude oil and
derivatives that are used in the manufacturing of oxo alcohols are also expected to hinder the growth rate of oxo alcohols
market, thereby acting as a restraint for this market.
Globally, the demand for oxo alcohols is projected to increase considerably during the forecast period due to ever-rising demand
for oxo alcohols from various industries. In terms of demand, Asia Pacific was the leading region for oxo alcohols market. Asia
Pacific is expected to be one of the fastest growing markets for oxo alcohols due to increasing demand for phthalates, which are
used in plasticizers. China is anticipated to be the largest consumer of oxo alcohols in Asia Pacific and is projected to show a
similar trend during the forecast period. Emerging countries such as India and Japan are also projected to offer improved
opportunities for oxo alcohols market in the next few years. Developed regions such as North America and Europe are also
anticipated to have a significant demand as the demand for plasticizers is expected to remain high in the U.S. and other
developed countries in North America and Europe. Rest of the World market is forecasted to illustrate an optimistic outlook for
the oxo alcohols market in the current decade considering the steady demand for solvents and plasticizer industries. Latin
America is likely to be one of the fastest growing markets for oxo alcohols in the Rest of the World region.
Key players operating in the oxo alcohols market include Eastman Chemical Company, BASF SE, Exxon Mobil
Corporation, INEOS Group Limited, Formosa Plastics Group, The Dow Chemical Company, and China Petroleum & Chemical
Corporation.
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by
tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely
scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
•
Key market segments and sub-segments
•
Evolving market trends and dynamics
•
Changing supply and demand scenarios
•
Quantifying market opportunities through market sizing and market forecasting
•
Tracking current trends/opportunities/challenges
•
Competitive insights
•
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
•
Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of
companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for
a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the
economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a
base year and then forecast growth within each market.
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Oxo alcohols are alcohols manufactured by adding hydrogen and carbon monoxide to an olefin in order to obtain an aldehyde. The aldehyde is in turn, hydrogenated to obtain alcohol. The key oxo alcohols used in various end-user industries include n-butanol, iso-butanol, 2-ethylhexanol, isononanol, and 2-propylheptanol. Collectively, these five oxo alcohols account for a majority market share of oxo alcohols in the global scenario, with n-butanol and 2-ethylhexanol accounting for a majority market share. Oxo alcohols are used as solvents as well as intermediates in the manufacturing of phthalates. Phthalates are used in the manufacturing of vinyl plasticizers. These plasticizers are used in various end-user industries such as buildings & construction, automotive, and consumer goods. The end-user industries such as construction, automotive, and others are anticipated to be the major drivers of the oxo alcohols market during the forecast period. The developing regions are expected to become major markets for oxo alcohols during the forecast period due to the extensive demand from end-user industries.