PPT: Oxo-Alcohol Market To Witness Huge Growth During 2021-2026.

Global Oxo-Alcohol Market Research and Upcoming Forecast Report

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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group

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Report Description

Global Oxo-Alcohol Market Outlook 2026:

IMARC Group, titled "Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“. the Global oxo-alcohol market reached a value of around US$ 11 Billion in 2020 Oxo-alcohols refer to chemicals that are obtained by the reaction of hydrogen and carbon monoxide with an olefin, and hydrogenation of aldehyde.

The process takes place in the presence of a rhodium catalyst to produce aldehyde isomers under lowpressure conditions. Some of the most common oxo-alcohols include Isobutanol (IBA), N-Butanol (NBA), and 2-Ethylhexanol (2-EH).

They are widely served as solvents and chemical intermediates that are further employed in the manufacturing of paints, coatings and adhesives. They also react with phthalic anhydride that is used to form phthalates commercialized as vinyl plasticizers.

Apart from this, they are employed in the production of drugs, ethers, acetates, cleaners, polishers, solubilizers, printing inks and specialty chemicals.

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Global Oxo Alcohol Market Trends: The global market is primarily driven by the growing demand for oxo-alcohols from the plasticizers industry. These chemicals are widely used in the manufacturing of polyvinyl chloride (PVC) products, which are further utilized across numerous end use industries due to their enhanced versatility, flexibility and durability.

Since PVC products are extensively used as an essential component in the construction industry, increasing construction activities on the global level are therefore creating a positive outlook for the market.

The market is further driven by the growing application of these chemicals in the production of esters that form key ingredients in the manufacturing of fragrances, skincare and haircare products.

The escalating demand for acrylates from the coatings and packaging industries is acting as another major growth-inducing factor.

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Report Description

Moreover, extensive research and development (R&D) activities conducted by manufacturers have led to the launch of efficient and sustainably produced variants of oxo-alcohols, which are expected to provide a thrust to the market growth.

For instance, BioPure™ nC4-OL is a bio-based, high purity n-butyl alcohol and a versatile oxo-chemical that is largely used for manufacturing esters.

Some of the other factors contributing to the market growth include rapid industrialization, significant growth in the manufacturing sector and the growing popularity of plasticizer-based concrete.

On account of the aforementioned factors, the market is projected to witness steady growth during 2021-2026.

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Report Description Key Market Segmentation: Breakup by Type: • 2-Ethylhexanol • n-Butanol • Iso-Butanol

Breakup by Region:

• Asia Pacific • Europe • North America • Middle East and Africa • Latin America • indonesia

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Report Description Competitive Landscape:

• Sinopec •Oxea Group •LG Group •BASF •Eastman Chemical Company •Formosa Plastic Group • CNPC • Sasol Ltd.

Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc View Report TOC, Figures and Tables : https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report

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