Global Oxo Alcohol Market Share, Size, Growth, Trends And Forecast, 2018-2023

Global Oxo-Alcohol Market Influenced by Growing Demand for Plasticizers

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Global Chelating Agents Market Propelled by Flourishing Pulp and Paper Industry The global oxo-alcohol market has witnessed a stable growth over the past several years. This can be accredited to the expanding applications of oxo-alcohols across various industrial verticals coupled with rapid industrialisation.

Oxo-alcohols refer to the alcohols that are produced by the oxo process, also known as the hydroformylation reaction. In this process an alkene is reacted with syngas (carbon monoxide and hydrogen) in the presence of a catalyst to produce aldehyde isomers which are then hydrogenated to produce oxo-alcohols. They usually have three to fifteen carbon atoms in their carbon chains and act as an important raw material for the manufacturing of plasticizers, ethers, acetates, adhesives and coatings, solvents, specialty chemicals, etc. A new research report by IMARC Group, titled “Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023�, estimates that the global oxo-alcohol market reached a volume of around 7.4 Million Tons in 2017, registering a CAGR of 2% during 2010-2017. The report further anticipates the market to reach a volume of 8.3 Million Tons by 2023.

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Global Chelating Agents Market Drivers/Constraints: •

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Chelating agents are being increasingly used in the pulp and paper industry for various purposes such as decreasing brightness reversion, mechanical pulp bleaching and chemical pulping. This is one of the major factors which is driving the market growth.

The growth opportunities for chelating agents have been expanding over the past few years on account of rapid urbanisation and industrialisation due to which governments of various nations have implemented stringent regulations and policies for the provision of fresh and clean water.

Increasing disposable incomes, continuous product innovations, as well as advancements in technologies are some of the other factors which are indirectly propelling the growth of the market.

There has been an increase in the usage of nonbiodegradable chelating agents including EDTA. This acts as a major hindrance which has been impeding the growth of the global chelating agents market.

Read more here: https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report

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Product Insights: The report finds that on the basis of type, the market has been segregated into 2-Ethylhexanol, n-Butanol and iso-Butanol. Amongst these, n-Butanol is the most popular product type, holding the majority of the global share.

The market for each of these products is discussed in detail below: 2- Ethylhexanol: Based on end-use, plasticizers represent the largest end-use segment for 2-Ethylhexanol. Plasticizers are followed by 2-Ethylhexyl Acrylate. Region-wise, Asia represents the largest market for 2-Ethylhexanol. Other major regions include North America and Western Europe.

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n-Butanol: Currently, chemical applications represent the largest end-use segment for n-Butanol, followed by solvent applications. On a geographical front, Asia is the leading market for n-Butanol globally. iso-Butanol: Solvent applications represent the largest end-use segment for iso-Butanol. Other major end-use segments include iso-butyl acetate and lube oil additives. Based on region, the market has been segmented into Asia, North America and Western Europe.

Competitive Landscape: The global oxo alcohol market is highly concentrated and competitive in nature with the presence of a number of large manufacturers operating in it. Some of the leading market players include: • Oxea Group • BASF • Formosa Plastics

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