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Oxo Alcohol Market Key Players are LG Chem, Dow Chemical, Evonik, BASF, Eastman Chemical, Andhra Petrochemicals and ExxonMobil

Oxo Alcohols Market

Oxo Alcohols Market

Oxo alcohol 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.

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Oxo alcohols industry size from adhesives application during forecast period will witness growth of about 3%. These adhesives find wide application scope in bonding composite, ceramics, metal, rubber and plastic materials which are formulated in addition with polyurethane, epoxies, silicones, cyanoacrylate and polysulfides.

N-butanol market demand will show strong growth rates of over 5% by 2024 because of its extensive use for producing perfumes, paints, coatings, dye, synthetic resins and alkaloids. It also performs as a competitive renewable biofuel for use in combustion engines overcoming drawbacks from low carbon alcohols and bio-diesel with reduced emission and enhanced performance.

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.

Germany oxo alcohol market should surpass USD 1.2 billion by 2024 owing to strong lubricant demands from growing regional automotive industry. Rising automobile production rates and widespread regional OEM bases should compliment product demand. Stringent emission control regulations should further strengthen regional industry growth.

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Oxo alcohols market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:

Oxo Alcohols Market, By Application

• Plasticizers
• Acrylate
• Acetate
• Glycol Ether
• Solvents
• Adhesives
• Lube Oil Additives
• Others

Oxo Alcohols Market, By Product
• N-Butanol
• 2-Ethylhexanol
• Iso-Butanol
• Others

Browse Full Report @ https://www.gminsights.com/industry-analysis/oxo-alcohols-market

U.S. oxo alcohols industry size will impart strong gains surpassing USD 3.5 billion due to its seasonal boost in coatings demand for construction remodeling industry. Recent increase in federal infrastructural spending and tax cut in the country along with huge crude oil production & refining capacity should reinforce regional industry demand.

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.

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.

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https://www.marketwatch.com/press-release/caprolactam-market-segmentation-along-with-regional-outlook-competitive-strategies-factors-contributing-to-growth-2018-10-04

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.

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