According to the latest report by IMARC Group, titled “Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global oxo-alcohol market reached a value of around US$ 11 Billion in 2020. Oxo-alcohol is a chemical, which is manufactured from the rhodium-catalyzed hydroformylation of an olefin and syngas (CO and H2) at low pressure coupled with the hydrogenation of intermediate aldehyde. It is widely utilized for the production of ethers, acetates and plasticizers that are crucial feedstocks. Oxo-alcohol is further used as a solvent in coatings, paints, and adhesives. Currently, they are available in various types, such as 2-Ethylhexanol, n-butanol and iso-butanol.
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Global Oxo-Alcohol Market Trends:
The widespread adoption of oxo-alcohol in various industrial verticals, such as commercial, automotive, construction and original equipment manufacturers (OEMs), is one of the primary factors driving the global oxo-alcohol market toward growth. Furthermore, the increasing utilization of n-butanol in acrylate, solvents, glycol ethers, and acetate are contributing to the market growth. Moreover, the rising demand for 2-Ethylhexanol in special plasticizers like phosphates, adipates and trimelliates is propelling the market growth. Other factors, such as rapid industrialization and the significant expansion in the chemical industry, is creating a positive outlook for the market. Looking forward, the market to grow at a CAGR of around 5% during 2021-2026.
Breakup by Type:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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