Press release
Oxo-Alcohol Market worth US$ 21.9 Billion by 2028 - Exclusive Report by IMARC Group
The global oxo-alcohol market size reached US$ 12.9 Billion inย 2022. Looking forward, IMARC Group expects the market to reach US$ 21.9 Billion byย 2028, exhibiting a growth rate (CAGR) of 9.1% duringย 2023-2028.
๐๐๐ซ๐ ๐ข๐ฌ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐๐ฅ๐ค๐ข๐ง๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ ๐ก๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐: https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report/requestsample
What are Oxo-alcohol?
Oxo alcohols are versatile organic compounds produced through the hydroformylation of olefins, commonly used as solvents and intermediates in the manufacturing of plasticizers, coatings, and detergents. Notably, these alcohols are characterized by their ability to impart desired properties such as flexibility and stability in end products. The most commonly used oxo alcohols include n-butanol, iso-butanol, and 2-ethylhexanol, each offering distinct advantages like solvent power, volatility control, and reactivity with other chemicals.
What are the growth prospects and trends in the Oxo-alcohol industry?
The burgeoning demand for plasticizers and coatings in various industries, including automotive and construction, is propelling the market for oxo alcohols. Additionally, their utility in the formulation of high-quality resins and lacquers serves as a significant growth driver. Regulatory norms promoting low-VOC (volatile organic compounds) products have also encouraged the development of oxo alcohols that meet environmental guidelines, thus attracting a broader consumer base and contributing to market growth. Manufacturers are continually investing in R&D to produce oxo alcohols with improved characteristics, such as enhanced biodegradability or reduced toxicity, thereby expanding their applicability and market reach.
The trend towards the production of sustainable and bio-based oxo alcohols is further supporting this market expansion. Premium brands offering specialized types of oxo alcohols with high purity are another factor fueling the market. Their diverse range of applications, from the production of synthetic lubricants to their role in cosmetic formulations, makes them an essential industrial chemical. Additionally, their availability through specialized chemical distributors enhances their market reach. The market for oxo alcohols is experiencing robust growth, supported by an array of factors ranging from industrial demand to innovations in product characteristics. The versatility of oxo alcohols in various applications ensures their continued market relevance, accommodating both traditional industrial uses and emerging sustainable technologies.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
2-Ethylhexanol
n-Butanol
iso-Butanol
Breakup by Region:
Asia
North America
Western Europe
Others
Who are the key players operating in the industry?
The report covers the major market players including:ย
China Petrochemical Corporation
OQ Chemicals GmbH
LG Chem
BASF SE
Eastman Chemical Company
Formosa Plastics Corporation
China National Petroleum Corporationย
Sasol LTD.
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐จ๐ซ ๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=647&flag=C
Note: 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.
Media Contact:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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