Global Oxo-Alcohols Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Oxo-alcohols are produced by reacting olefins with syngas followed by hydrogenation. The LP Oxo technology is the world s leading technology for production of oxo alcohols from olefins. Oxo-alcohols are the major ingredients used in the production of plasticizers, which is one of the most important feedstock in chemical manufacturing processes. 2-Ethylhexanol and n-butanol witnessed a dominating share for oxo-alcohol market accounting for XX% of total consumption. Oxo-alcohols find its application in production of plasticizers, acrylate esters and acetate esters; however it can also be used as solvent and additive in various chemical manufacturing processes. Oxo-alcohol market is driven by plasticizers accounting for about XX% of total oxo-alcohol market. Oxo-alcohols are used in various end use industries like plastic & rubber, construction, automotive, pharmaceuticals, personal care and many other niche areas.

Asia accounts for the major production of oxo-alcohols followed by North America and Western Europe. Growth rate for oxo-alcohols is ranges from moderate to strong among various countries in Asia, it will show a dramatic variation from average growth rate in countries like China and Southeast Asia to stable growth rate in mature countries like Japan. The other regions like North America & Western Europe are expected to witness slow growth during the forecast period. Global Oxo-alcohol market is likely to witness an annual growth of 4-5% during the study period 2018-2025.