By 2029, the Oxo Alcohols Market is expected to reach US $ 20.44 billion, thanks to growth in the plasticizers segment. The report analyzes market dynamics by region and end-user industries.Oxo Alcohols Market Overview:
The global oxo alcohols market was valued at US $13.21 Bn. in 2022, and it is expected to reach US $ 20.44 Bn. by 2029 with a CAGR of 6.43% during the forecast period. Oxo alcohols are alcohols made by hydroformylating an olefin with CO (Carbon Monoxide) and hydrogen (typically mixed as synthesis gas) to produce an aldehyde and then hydrogenating the aldehyde to obtain the alcohol. Oxo-alcohols have a variety of uses in a variety of sectors. They are used as chemical intermediates, solvents, and in paints, coatings, and adhesives. Plasticizers, acetates, and ethers, which are some of the most essential feedstocks for chemical and manufacturing industries, require oxy-alcohols as raw materials.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2029. 2022 is considered a base year however 2022's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Oxo Alcohols Market Dynamics:
Rising need for plasticizer and 2-ethylhexanol. Increasing demand for 2-ethylhexanol in a variety of applications such as surfactants, acrylates, lube oil additives, paints and coatings, and rising industrialization are likely to drive the global oxo alcohols market forward over the forecast period. Furthermore, over the forecast period, increased demand for plasticizers in the manufacturing of paints & coatings, and adhesives used in the automotive and construction sectors are likely to drive revenue growth in the market. Also, the rising demand for oxo alcohol, particularly iso-butanol, in the pharmaceutical and pesticide industries are likely to drive the respective market's expansion throughout the forecast period.Health problems and stringent government regulations.
The oxo alcohols market has a variety of challenges in maintaining a balance between product safety and integrity. The government regulations governing the usage of oxo alcohols are expected to restrict the global market's growth. The European Integrated Pollution Prevention and Control Bureau's (EIPPCB) stringent product testing and approval process, as well as the costly and time-consuming preservative approval process is expected to hamper the growth of the market during the forecast period. Also, oxo alcohols are a possible allergic compound, and excessive exposure to them can cause vomiting and diarrhoea, resulting in slower adoption of associated products, challenging the market's growth.Expansion of ongoing business.
The ongoing research and development activities by key players to develop safe, reliable, and durable products complying with government rules and regulations are expected to provide lucrative growth opportunities for the market over the forecast period. Also, manufacturers are majorly focusing on expanding their existing businesses to fulfill the rising demand for oxo alcohols from various industries, which is also expected to generate a lucrative opportunity for market growth throughout the forecast period.Oxo Alcohols Market Segment Analysis:
Based on Type, the global oxo alcohols market is segmented into six types as follows, 2-Methyl-2-Butanol, n-Butanol, 2-Ethylhexanol, 2-Propylheptanol, Isononyl alcohol, and Isodecyl alcohol. In 2020, the n-butanol segment was dominant and held xx% of the overall market share. This segment is anticipated to grow at a CAGR of xx% during the forecast period owing to its favourable prospects for usage in the manufacture of paints, wood varnishes, industrial and domestic coatings, and adhesives. These products complement the oxo alcohols market perspective by providing flexibility, good surface adherence, better flow, gloss, and climatic resilience. Based on Application, the global oxo alcohols market is segmented into five types as follows, plasticizers, sealants, adhesives, lubricant additives, chemical manufacturing, and others. In 2020, the plasticizers segment was dominant and held xx% of the overall market share in terms of revenue. The segment is expected to experience a growth at a CAGR of xx% over the forecast period thanks to the rising consumption of plasticizers like polyhydric alcohols, acetate esters, phthalate esters, and others from the plastic and packaging industry respectively.Oxo Alcohols Market Regional Insights:
In 2020, Asia Pacific was dominant and held xx% of the overall market share in terms of revenue. In terms of market share, it is anticipated to remain the leading regional market over the forecast period. Other important factors contributing to the expansion of the market in this region include increased foreign investment, expanding production facilities, a strong industrial foundation for the chemical manufacturing, plasticizers sector. The oxo alcohols market in this area is developing because of the rising demand for phthalates, which is the major raw material in the production of plasticizers. China is likely to be the region's largest consumer of oxo alcohols. Thanks to rising demand from the solvents and plasticizers industries, developing countries such as Japan and India are expected to become important markets, and they are expected to provide tremendous opportunities for the market over the forecast period. Developed regions such as Europe and North America are also expected to have a significant impact on demand, as the demand for plasticizers is expected to continue to be higher in the United States and other emerging countries in North America and Europe. Furthermore, in the coming years, Europe, led by Germany, is expected to grow at a CAGR of 3.56% and emerge as the most profitable region in the oxo alcohol market. The regional market is being driven by rising automobile manufacturing and the presence of key lubricant makers and OEMs (Original Equipment Manufacturer). Furthermore, a well-connected transportation network spanning pipelines and maritime modes is expected to uplift the regional product demand.Oxo Alcohols Market Recent Advancements:
• In 2019, nC4-OL, a versatile oxo-chemical and high purity n-butyl alcohol was introduced to the market by BioPureTM. This bio-based alcohol is widely used to make esters, which are used in hair care, skincare, and fragrance items. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.Oxo Alcohols Market Scope: Inquire before buying
Oxo Alcohols Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 13.21 Bn. Forecast Period 2023 to 2029 CAGR: 6.43% Market Size in 2029: US $ 20.44 Bn. Segments Covered: by Type • 2-Methyl-2-Butanol • n-Butanol • 2-Ethylhexanol • 2-Propylheptanol • Isononyl alcohol • Isodecyl alcohol by Application • Plasticizers • Sealants • Adhesives • Lubricant additives • Chemical manufacturing • Others Oxo Alcohols Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Oxo Alcohols Market Key Players
• BASF SE • Sasol • Ningbo Lucky Chemical Industry • Jiahua Chemistry • Jiangyin Huayuan Chemical • Wuhan Jihechang • Haisen Chemical • Shanghai Duolun Chemical • Eastman Chemical Corporation • Exxon Mobil Corporation • BAX Chemicals BV • Evonik Industries • NEOS Group Limited • Formosa Plastics Group • The Dow Chemical Company • China Petroleum & Chemical Corporation • LG Chem • Qatar Petroleum • Bharat Petroleum • Arkema Bostik • Others Frequently Asked Questions: 1. Which region has the largest share in Global Oxo Alcohols Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Oxo Alcohols Market? Ans: The Global Oxo Alcohols Market is growing at a CAGR of 6.43% during forecasting period 2023-2029. 3. What is scope of the Global Oxo Alcohols Market report? Ans: Global Oxo Alcohols Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Oxo Alcohols Market? Ans: The important key players in the Global Oxo Alcohols Market are – BASF SE, Sasol, Ningbo Lucky Chemical Industry, Jiahua Chemistry, Jiangyin Huayuan Chemical, Wuhan Jihechang, Haisen Chemical, Shanghai Duolun Chemical, Eastman Chemical Corporation, Exxon Mobil Corporation, BAX Chemicals BV, Evonik Industries, NEOS Group Limited, Formosa Plastics Group, The Dow Chemical Company, China Petroleum & Chemical Corporation, LG Chem, Qatar Petroleum, Bharat Petroleum, Arkema Bostik, and Others 5. What is the study period of this Market? Ans: The Global Oxo Alcohols Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Oxo Alcohols Market Size, by Market Value (US $Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Oxo Alcohols Market 3.4. Geographical Snapshot of the Oxo Alcohols Market, By Manufacturer share 4. Global Oxo Alcohols Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Oxo Alcohols Market 5. Supply Side and Demand Side Indicators 6. Global Oxo Alcohols Market Analysis and Forecast, 2022-2029 6.1. Global Oxo Alcohols Products Market Size & Y-o-Y Growth Analysis. 7. Global Oxo Alcohols Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. 2-Methyl-2-Butanol 7.1.2. n-Butanol 7.1.3. 2-Ethylhexanol 7.1.4. 2-Propylheptanol 7.1.5. Isononyl alcohol 7.1.6. Isodecyl alcohol 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Plasticizers 7.2.2. Sealants 7.2.3. Adhesives 7.2.4. Lubricant additives 7.2.5. Chemical manufacturing 7.2.6. Others 8. Global Oxo Alcohols Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Oxo Alcohols Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. 2-Methyl-2-Butanol 9.1.2. n-Butanol 9.1.3. 2-Ethylhexanol 9.1.4. 2-Propylheptanol 9.1.5. Isononyl alcohol 9.1.6. Isodecyl alcohol 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Plasticizers 9.2.2. Sealants 9.2.3. Adhesives 9.2.4. Lubricant additives 9.2.5. Chemical manufacturing 9.2.6. Others 10. North America Oxo Alcohols Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Oxo Alcohols Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Oxo Alcohols Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Oxo Alcohols Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Oxo Alcohols Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Oxo Alcohols Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Oxo Alcohols Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Oxo Alcohols Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Oxo Alcohols Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Oxo Alcohols Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Oxo Alcohols Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Oxo Alcohols Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Oxo Alcohols Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Oxo Alcohols Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Oxo Alcohols Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Oxo Alcohols Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Oxo Alcohols Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Oxo Alcohols Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Oxo Alcohols Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Oxo Alcohols Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Fungicide Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Oxo Alcohols Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Oxo Alcohols Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Oxo Alcohols Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Oxo Alcohols Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Oxo Alcohols Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Oxo Alcohols Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Oxo Alcohols Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Oxo Alcohols Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Oxo Alcohols Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Oxo Alcohols Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Oxo Alcohols Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Oxo Alcohols Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Oxo Alcohols Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Oxo Alcohols Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Oxo Alcohols Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. BASF SE 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Sasol 45.3.3. Ningbo Lucky Chemical Industry 45.3.4. Jiahua Chemistry 45.3.5. Jiangyin Huayuan Chemical 45.3.6. Wuhan Jihechang 45.3.7. Haisen Chemical 45.3.8. Shanghai Duolun Chemical 45.3.9. Eastman Chemical Corporation 45.3.10. Exxon Mobil Corporation 45.3.11. BAX Chemicals BV 45.3.12. Evonik Industries 45.3.13. NEOS Group Limited 45.3.14. Formosa Plastics Group 45.3.15. The Dow Chemical Company 45.3.16. China Petroleum and Chemical Corporation 45.3.17. LG Chem 45.3.18. Qatar Petroleum 45.3.19. Bharat Petroleum 45.3.20. Arkema Bostik 45.3.21. Others 46. Primary Key Insights