Global OXO Alcohol Market, By Type (N-Butanol, 2-Ethylhexanol, Iso-Butanol), By Application (Plastic

Published Date: | Report Code : CH1958609


Alcohols prepared by adding CO coupled with hydrogen to olefin to extract aldehyde with hydroformulation reaction and further hydrogenating aldehyde is termed as Oxo Alcohol. This type of alcohol is mostly consumed as solvents. Besides this, they are used for producing paints, chemical manufacturing, plasticizers, coatings and adhesives and more. Moreover, plasticizers and acetates are considered as the key end user of the Oxo alcohols.

The oxo alcohol market is witnessing a significant growth owing to the significant demand for the manufacturing of plasticizers, paints, coatings & adhesives, additives, and chemical intermediates. Plasticizers are the largest end-use application of oxo alcohol industry and will continue to remain so and hence are going to drive the demand for the oxo alcohol market. Likewise, the demand for oxo alcohol for application in acrylates, acetates, and ethers is going to contribute significantly and is anticipated to grow at a faster CAGR than plasticizers during the forecast years. The demand and consumption features of oxo alcohol are therefore influenced primarily by the growth of the polymer, plastic and chemical industries.

The oxo alcohol market is pioneered by Asia Pacific and North America in terms of production and consumption of oxo alcohol. Asia-Pacific is the biggest market for oxo alcohol and the rise in oxo alcohol production by chemical companies for acetate, chemical processing and acrylates is also expected to boost the market share of oxo alcohol over the following years. China, followed by India and South Korea, are the key regions driving oxo alcohol demand in the Asia Pacific region.

Key Factors Impacting Market Growth:

  • Increasing growth in butyl acrylates and 2-eh acrylates

  • High demand for OXO alcohols in Asia-Pacific

  • Product maturity

  • Negative trends for Dioctyl Phthalate (DOP) in Europe and North America

  • Stringent regulations driving the demand for high performance fuels

Key Developments:

  • In November 2016, Green Biologics (UK), an industrial biotechnology and renewable chemicals company, began its first commercial shipments from its new bio-based n-butanol (NBA) and acetone plant in Little Falls, Minnesota.

  • In June 20176, BASF SE (Germany) started operations at an oxo alcohol unit for 2-EH (2-ethylhexanol) at the Pasadena site, with a nameplate capacity of 100,000 metric tons per year. This ensures consistent integration of Palatinol DOTP raw materials.

Regional Analysis:

On the basis of the region, the oxo alcohol market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in oxo alcohol market during the forecast period. This demand is with regards to the growth of major applications such as as plasticizers, acrylate, acetate, glycol ether, solvents, adhesives, lube oil additives, others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for oxo alcohol market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for oxo alcohol market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Eastman Chemical Company, BASF SE, Exxon Mobil Corporation, BAX Chemicals BV, Evonik Industries, INEOS Group Limited, Formosa Plastics Group, The Dow Chemical Company, and China Petroleum & Chemical Corporation.

Market Segmentation:

By Type:

  • N-Butanol

  • 2-Ethylhexanol

  • Iso-Butanol

By Application:

  • Plasticizers

  • Acrylate

  • Acetate

  • Glycol Ether

  • Solvents

  • Adhesives

  • Lube Oil Additives

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global oxo alcohol market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


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