Oxo Alcohols Market set to skyrocket – Global industry consumption to hit 13 million tons by 2024
Apr 9, 2019
U.S. oxo alcohols market size will impart strong gains surpassing USD 3.5 billion by 2024 due to its seasonal boost in coatings demand for construction remodeling industry.
Selbyville, Delaware, USA - April 9, 2019 /MarketersMedia/ —
Iso-butanol based oxo alcohols market should witness gains at over 3.5% during projected forecast. This growth in demand can be attributed to positive application outlook in manufacturing of household & industrial coatings, adhesives, paints and wood varnishes. Products manufactured offer improved gloss & flow, good adhesion, weatherability and flexibility driving product demand.
N-butanol based oxo alcohols market demand will show strong growth rates of over 5% by 2024 because of its extensive use for producing perfumes, paints, coatings, dye, synthetic resins and alkaloids. It also performs as a competitive renewable biofuel for use in combustion engines overcoming drawbacks from low carbon alcohols and bio-diesel with reduced emission and enhanced performance.
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Oxo alcohols market from acrylate application should witness growth at over 4% during forecast timeframe owing to its demand as intermediate in textile, automotive and flexible packaging industry. Increasing disposable income, infrastructural development and changing lifestyle should complement product demand.
Oxo alcohols market size from adhesives application during forecast period will witness growth of about 3%. These adhesives find wide application scope in bonding composite, ceramics, metal, rubber and plastic materials which are formulated in addition with polyurethane, epoxies, silicones, cyanoacrylate and polysulfides.
Oxo alcohols market from plasticizers application should grow significantly surpassing USD 9 billion by 2024 due to strong product demand from plastic and polymer industry. Adding plasticizers in polymers increase viscosity, plasticity and reduces molecular attraction between polymeric chains increasing flexibility & durability.
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U.S. oxo alcohols market size will impart strong gains surpassing USD 3.5 billion due to its seasonal boost in coatings demand for construction remodeling industry. Recent increase in federal infrastructural spending and tax cut in the country along with huge crude oil production & refining capacity should reinforce regional industry demand.
Germany oxo alcohols market should surpass USD 1.2 billion by 2024 owing to strong lubricant demands from growing regional automotive industry. Rising automobile production rates and widespread regional OEM bases should complement product demand. Stringent emission control regulations should further strengthen regional industry growth.
Global oxo alcohols market share is moderately concentrated with key industry players including Dow Chemical, LG Chem, Sasol, Eastman Chemicals, OXEA, BASF Petronas and Grupa Azoty. Companies strategize on shifting their production plants towards South East Asia owing to strong demand and low production cost. They also form consortium, partnerships and mergers to expand their production capacity and regional presence.
Browse key industry insights spread across 170 pages with 167 market data tables & 10 figures & charts from the report, “Oxo Alcohols Market Size By Product (N-Butanol, 2-Ethylhexanol, Iso-Butanol), By Application (Plasticizers, Acrylate, Acetate, Glycol Ether, Solvents, Adhesives, Lube Oil Additive), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, South Africa), Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oxo-alcohols-market
Table of Contents (ToC) of the report:
Chapter 4. Oxo alcohols Market, By Product
4.1. Global market share by product, 2016 & 2024
4.2. Iso-Butanol
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013–2024
4.3. N-Butanol
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013–2024
4.4. 2-Ethylhexanol
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013–2024
4.5. Others
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013–2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/oxo-alcohols-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/oxo-alcohols-market
Source: MarketersMedia
Release ID: 500349
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