According to the latest report by IMARC Group, titled "Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global oxo-alcohol market size reached US$ 11.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.4 Billion by 2027, exhibiting a growth rate (CAGR) of 9.44% during 2022-2027.

Oxo-alcohol is a chemical, which is manufactured from the rhodium-catalyzed hydroformylation of an olefin and syngas (CO and H2) at low pressure coupled with the hydrogenation of intermediate aldehyde. It is widely utilized for the production of ethers, acetates and plasticizers that are crucial feedstocks. Oxo-alcohol is further used as a solvent in coatings, paints, and adhesives. Currently, they are available in various types, such as 2-Ethylhexanol, n-butanol and iso-butanol.

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 Market Trends:

The widespread adoption of oxo-alcohol in various industrial verticals, such as commercial, automotive, construction and original equipment manufacturers (OEMs), is one of the primary factors driving the global oxo-alcohol market toward growth. Furthermore, the increasing utilization of n-butanol in acrylate, solvents, glycol ethers, and acetate are contributing to the market growth. Moreover, the rising demand for 2-Ethylhexanol in special plasticizers like phosphates, adipates and trimelliates is propelling the market growth. Other factors, such as rapid industrialization and the significant expansion in the chemical industry, is creating a positive outlook for the market.

Competitive Landscape:

• China Petrochemical Corporation
• OQ Chemicals GmbH
• LG Chem
• BASF SE
• Eastman Chemical Company
• Formosa Plastics Corporation
• China National Petroleum Corporation
• Sasol LTD.

Key Market Segmentation:

Breakup by Type:

2-Ethylhexanol
n-Butanol
iso-Butanol

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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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