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Global Oxo Alcohols Market incredible future growth | 2018 Key Players are BASF, Grupa Azoty ZAK S.A., ExxonMobil, The Dow Chemical Company, OXEA, Perstorp Group, Sasol, Eastman Chemical, LG Chem, Evonik, Elekeiroz

Oxo Alcohols Market

Oxo Alcohols Market

Oxo Alcohols Market is should exceed USD 22 Billion by 2024; according to a new research report. Positive growth indicators in plasticizer industry due to strong demand from consumer goods, automotive and construction sector should drive global oxo alcohols market. Growing demand for solvents in formulating printing inks and additives for polish & cleaners also should complement product demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2224

Growing consumer dependency towards polymer based products along with emphasis on cost minimization should bolster oxo alcohols market. Growing demand for n-Butanol and 2-Ethylhexanol in downstream application for production of 2-Ethyl Hexyl Acrylate and Di-2-Ethyl Hexyl Phthalate (DEHP) which are further used in petrochemical industry owing to enhanced fuel performance and lower emission rates.

Key feedstocks used for commercial manufacturing of oxo alcohols include propylene, acetylene and ethylene which are extracted from crude oil. Fumes produced during the production process has severe environmental impacts which regulates its usage in Europe and North America.

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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2224

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

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.

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.

Oxo alcohols market share is competitive and moderately concentrated including industry players like BASF, LG Chem, Eastman Chemicals, Dow Chemicals, BAX Chemicals and Evonik. These market participants strategize on expanding their regional presence along with gaining technological advantage through partnerships, mergers & acquisitions. Companies are keen to shift their production bases in the regions with ample feedstock supply thus reducing production cost.

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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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