Oxo alcohols are chemicals obtained by the reaction of olefins with syngas in the presence of a rhodium catalyst. Oxo alcohols have a wide range of applications in a number of industries. They serve as chemical intermediates, solvents and are also used in paints, coatings, adhesives, etc. Oxo alcohols act as crucial raw materials for the manufacturing of plasticizers, acetates and ether, which are some of the important feedstocks for the chemical and manufacturing companies. Currently, the oxo alcohol market is growing at a healthy pace. According to IMARC Group’s recently published report titled “Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global oxo alcohol market has grown at a CAGR of around 2% during 2010-2017. Several factors such as industrialisation, growing manufacturing sector along with the development of the chemical and polymer industry are influencing the global demand for oxo alcohols. The report further provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an insight into the manufacturing process of oxo alcohols covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has covered three important oxo alcohols in terms of market size which include 2- Ethylhexanol, n-Butanol and iso-Butanol. Further, the market for the above mentioned oxo alcohols have also been individually analysed in this report. Currently, n-Butanol represents the largest segment accounting for the majority of the total global oxo alcohols production followed by 2- Ethylhexanol and iso-Butanol.
On the basis of end-use, plasticizers currently represent the biggest segment for 2-Ethylhexanols accounting for the majority of the total global consumption. Plasticizers are followed by 2-Ethylhexyl Acrylate. For the n-Butanol segment, chemical applications represent the biggest end-use accounting for the majority of the total global consumption. Chemical applications are followed by solvent applications. Furthermore, solvent applications represent the biggest end-use for iso-Butanol accounting for nearly half of the global consumption. Solvent applications are followed by iso-Butyl Acetate and Lube Oil additives.
The report has also segmented the oxo alcohol market according to its key regions and finds that Asia currently represents the largest producer of 2-Ethylhexanol accounting for more than half of the total global production capacity. Asia is followed by North America and Western Europe. Asia is also the biggest producer of n-Butanol accounting for nearly 40% of the total global production capacity. Based on the analysis of the global export data, Germany represents the largest exporter of 2-Ethylhexanol followed by Saudi Arabia, Indonesia, Poland, Republic of Korea and the United States. On the other hand, the United States represents the largest exporter of n-Butanol followed by South Africa, Malaysia, Taiwan, Belgium and Germany.
The report has also covered the key players operating in the global oxo alcohol market. The market remains highly competitive due to the existence of big players in the business. The high competition also acts as one of the major constraints for the new entrants and local manufacturers.
The essential aspects of the global oxo alcohol market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key application areas for major feedstocks
- Key players for major feedstocks