The global Oxo alcohols market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. Increasing demand for plasticizers will propel the market growth. Plasticizers are used as additives to enhance the product's plasticity or cohesiveness. Most plasticizers are predominantly used to manufacture polyvinyl chloride products, which can be used in a variety of applications such as flooring, PVC films, and wire & cables. Therefore, growing usage of plasticizers will significantly influence the market growth due to their strong foothold in the polymer industry. Plasticizers, when added to polymers, increase viscosity, compressibility, and reduce molecular attraction among polymeric chains, making the polymers more flexible and long - lasting; thus, rising demand for Polyvinyl chloride, versatile wallboard, plasticizer-based concrete, and ester-based plastic materials is expected to drive the Oxo alcohols market growth in the near future. 

The manufacturers in the market are inclined towards the adoption of market strategies such as mergers and acquisition, new product launches, business expansion and partnership collaboration to full-fill the demand for oxo chemical in market. For instance, in September 2021, BASF introduced a range of new catalysts to produce isopropyl alcohol (IPA) more efficiently, a crucial ingredient in hand sanitizers, a much-needed consumer product during the Covid-19 pandemic. Additionally, BASF introduced O4-204, a new catalyst for n-butane based maleic anhydride production.

Moreover, in September 2020, Evonik launched new brand identity ELUCARE TD for its oxo alcohol portfolio. With the introduction of the ELUCARE TD brand, the company is become capable in serving high-quality intermediates to produce surfactants, special esters, lubricants, resins and special solvents to end-user verticals. 

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- 
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- INEOS AG, BASF PETRONAS Chemicals Sdn Bhd, Dow Chemical Co., Eastman Chemical Co., Andhra Petrochemicals Ltd., Bax Chemicals Export Overseas B.V., Evonik Industries AG, Formosa Plastics Corp., Hanwha Solutions Chemical Division Corp., Exxon Mobil Corp. and others.

Oxo Alcohols Market Report by Segment

By Type

N-butanol
2-ethylhexanol
Iso-butanol

By Application

Acrylates
Glycol Ethers
Acetate
Lube Oil Additive
Plasticizers
Others (Resins, Solvents)

A full Report of Oxo Alcohols Market is Available at:  https://www.omrglobal.com/industry-reports/oxo-alcohols-market

Oxo Alcohols Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

Andhra Petrochemicals Ltd.
Bax Chemicals Export Overseas B.V.
China National Petroleum Corp.
China Petrochemical Corp.
Elekeiroz
Evonik Industries AG
Formosa Plastics Corp.
GrupaAzoty S.A.
Hanwha Solutions Chemical Division Corp.
IENOS
LG Chem.
OQ Chemicals Gmbh
Perstorp Group
Sasol Ltd.
SilicolifeLda

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