OXO-Alcohol Market 2021 | Expected to Grow at a CAGR of Around 5% During Next Five Yearsby Chris jackson Market Research
According to the latest report by IMARC Group, titled, “Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", provide the global oxo-alcohol market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026). The report provides a detailed analysis of the market by product type (2-Ethylhexanol, n-Butanol and iso-Butanol) and geography (North America, Western Europe and others). Also, the report analyzes the market’s competitive landscape.
- Historical: 2015-2020
- Base Year: 2020
- Forecast Year: 2021-2026
Download a free sample of the report: https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report/requestsample
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. 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.
Browse full report with TOC: https://www.imarcgroup.com/oxo-alcohol-technical-material-market-report
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The report has segmented on the basis of product type and geography.
By Product Type:
- North America,
- Western Europe
Who are the Major oxo-alcohol industry Key players?
The report provides a detailed analysis of the market leaders, including.
- China Petrochemical Corporation
- OQ Chemicals GmbH
- LG Chem
- BASF SE
- Eastman Chemical Company
- Formosa Plastics Corporation
- China National Petroleum Corporation
- Sasol LTD.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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Created on May 13th 2021 00:49. Viewed 73 times.
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