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Oxo Alcohols Market Explores New Growth Opportunities from 2019 to 2024

Author : Ronak Bora | Published Date : 2019-08-06 

Oxo alcohols market from plasticizers application should grow significantly surpassing USD 9 billion by 2024 due to strong product demand from plastic and polymer industry. Adding plasticizers in polymers increase viscosity, plasticity and reduces molecular attraction between polymeric chains increasing flexibility & durability.

Iso-butanol based oxo alcohols market should witness gains at over 3.5% during projected forecast. This growth in demand can be attributed to positive application outlook in manufacturing of household & industrial coatings, adhesives, paints and wood varnishes. Products manufactured offer improved gloss & flow, good adhesion, weatherability and flexibility driving product demand.

Key feedstock materials used for commercial production are ethylene, propylene and acetylene. These raw materials are derived from crude oil and any price fluctuations in crude oil index might impact industry profitability and supply dynamics driving oxo alcohols price upsurge.

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Oxo alcohols industry from acrylate application should witness growth at over 4% during forecast timeframe owing to its demand as intermediate in textile, automotive and flexible packaging industry. Increasing disposable income, infrastructural development and changing lifestyle should complement product demand.

The plastic industry has been on a robust incline since the last decade, subject to the widespread product demand across a plethora of applications, which has been claimed to be a principal driving force behind the transformative oxo alcohols market outlook. In 2015, plastic production surpassed 322 million metric tons globally, 58 million metric tons out of which was manufactured in Europe alone. Driven by the profound deployment of plastics in the automotive, consumer goods, construction, packaging, and aerospace domains, plastic industry growth is slated to depict an extensive ascent in the years to come. By extension, oxo alcohols market size is also anticipated to exhibit a substantially huge growth rate, pertaining the fact that they are used massively for producing plasticizers, further deployed in plastic and polymer manufacturing.

The commercial production of oxo alcohols involves intermediaries such as ethylene, propylene, and acetylene that are used to manufacture plasticizers, acetates, ether, and solvents. It is prudent to mention however, that these raw materials are essentially obtained from petrochemical based feedstock, indicating that any fluctuations in crude oil price and volume trends may have a direct influence on the revenue graph of oxo alcohols market.

China oxo alcohols industry should grow at significant pace due to extensive product demand for coatings & paints and varnishes from construction spending. Low production cost owing to lenient regulatory regimes & low-cost labor should bolster regional industry growth.

Browse key industry insights spread across 170 pages with 167 market data tables & 10  figures & charts from the report, “Oxo Alcohols Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/oxo-alcohols-market

Global oxo alcohols market share is moderately concentrated with key industry players including Dow Chemical, LG Chem, Sasol, Eastman Chemicals, OXEA, BASF Petronas and Grupa Azoty. Companies strategize on shifting their production plants towards South East Asia owing to strong demand and low production cost. They also form consortium, partnerships and mergers to expand their production capacity and regional presence.

Glimpse of Table of Content (ToC)

Chapter 4. Oxo alcohols Market, By Product

4.1. Global oxo alcohols market share by product, 2016 & 2024

4.2. Iso-Butanol

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013–2024

4.3. N-Butanol

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013–2024

4.4. 2-Ethylhexanol

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013–2024

4.5. Others

4.5.1. Market estimates and forecast, 2013-2024

4.5.2. Market estimates and forecast, by region, 2013–2024

Chapter 5. Oxo alcohols Market, By Application

5.1. Global oxo alcohols market share by application, 2016 & 2024

5.2. Plasticizers

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.3. Acrylate

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

5.4. Acetate

5.4.1. Market estimates and forecast, 2013-2024

5.4.2. Market estimates and forecast, by region, 2013-2024

5.5. Glycol ether

5.5.1. Market estimates and forecast, 2013-2024

5.5.2. Market estimates and forecast, by region, 2013-2024

5.6. Solvents

5.6.1. Market estimates and forecast, 2013-2024

5.6.2. Market estimates and forecast, by region, 2013-2024

5.7. Adhesives

5.7.1. Market estimates and forecast, 2013-2024

5.7.2. Market estimates and forecast, by region, 2013-2024

5.8. Lube Oil Additive

5.8.1. Market estimates and forecast, 2013-2024

5.8.2. Market estimates and forecast, by region, 2013-2024

5.9. Others

5.9.1. Market estimates and forecast, 2013-2024

5.9.2. Market estimates and forecast, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/oxo-alcohols-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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