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Table of Contents
Oxo alcohols are chemicals that prepared by adding carbon monoxide and hydrogen known as synthesis gas to an olefin to obtain Aldehyde using the hydroformylation reaction and then hydrogenating the aldehyde to obtain the alcohol. Adding two aldehydes together through aldol condensation reaction results in hydrogenation. Hydrogenation reaction carried out under low pressure of rhodium catalyst known as LP Oxo process. Oxo alcohols mainly serve as chemical intermediate, solvents and are also used in paints, coatings, adhesives, etc. This oxo alcohols act as vital raw material for manufacturing of plasticizers, acetates and ether are some important feedstocks for chemical and manufacturing companies.
The best example for Oxo alcohol is propylene which is hydro formulated to produce normal-butyraldehyde and iso-butraaldehyde which then hydrogenated to produce nirmall-butanol and iso-butanol respectively. The production of 2-ethyl hexanol is achieved by aldolization of normal butyraldehyde followed by hydrogenation of the aldol intermediates. Some commercially important oxo alcohols are 2-Methyl-2-butanol, n-Butanol, 2-ethyl hexanol. Isononyl alcohol and Isodecyl alcohol. And the main thing about these oxo alcohols is they are not derived from propylene.
Oxo alcohols are mainly of three types Isobutanol: Isobutanol is organic colorless flammable liquid with characteristic smell mainly used as a solvent. The other butanols include n-butanol, 2-butanol, and tart-butanol are the isomers of isobutanol these all are important industrially. n-butanol: Normal or primary alcohol with 4-carbon structure its isomers include isobutanol, 2-butanol, and tart-butanol. Butanol is one of the groups of fusel alcohols. 2-ethyl hexanol: is branched colorless liquid that is poorly soluble in water but soluble in most of the organic solvent with eight carbon chiral alcohol.
Oxo alcohols are widely used in applications such as a plasticizer, acrylates, Acetate, Resin, Solvents, Glycol, Ethers and Lube are driving the market. Oxo alcohols main important feedstocks for chemical manufacturing companies. Oxo alcohol, the butanols business is driven by solvent applications particularly in emulsion and lacquers business. These water-based systems have benefited from environmental considerations and are closely allied to the construction business. Global n-butanol end-user consumption by on the basis of applications 15% solvent, Acrylate 38%, Glycol Ethers 16%, acetate 18%, and others covers 13%.
Asia Pacific is the largest and most lucrative market for Oxo alcohols market globally due to radical economic growth rapid industrialization in countries such as China an India, increased the budget for military and increased disposable income which driving the automotive and construction sector in these developing countries. Asia Pacific region is expected to grow in at highest CAGR AT 5.5% during forecast period. The global oxo alcohol market is highly concentrated and competitive in nature due to the presence of a number of large manufacturers operating in it. Some of the leading market players include LG Chem, BAX Chemicals, Eastman Chemical, Dow Chemical, BASF Petronas, ExxanMobil Chemical, Qatar Petroleum, Andra Petrochemicals, Arkema, Evonik Industries. New technological advancements with increasing R& D activities are helping to remove hurdles in the development of the market.
Oxo Alcohol Market:Product Type
Oxo alcohol Market : Application
Global Oxo Alcohol Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Oxo Alcohol Market:
Geographical analysis of Oxo Alcohol Market:
Global Oxo Alcohol Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 17425.58 million |
Forecast Value (2031) |
USD 24683.47 million |
CAGR (2025-2031) |
5.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Oxo Alcohol Market was valued at around USD 17425.58 million in 2024 & is estimated to reach USD 24683.47 million by 2031.
Oxo Alcohol Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.1% between 2025-2031.
Oxo Alcohol Market is dominated by the 2-ethyl hexanol segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Oxo Alcohol Market are
Primary driving factors for the growth of the Oxo Alcohol Market include Rapid economic growth and industrialization and increased disposable income which driving the automotive and construction sectors.
Yes, the report includes Geopolitical impact on the market.
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