OXO Alcohol Market Business Opportunities, Survey, Growth Analysis And Industry Outlook

The global OXO alcohol market size was USD 12.29 Billion in 2022 and is expected to register a steady revenue CAGR of 5.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for OXO-alcohols in production of adhesives, and paints and coatings and solvents, which find applications in printing inks and as an additive in cleaners and polishes?are major factors driving market revenue growth. OXO alcohols are widely used to manufacture a wide range of industrial chemical manufacturing process and manufacturing processes of solvents and surfactants. According to United Nations Industrial Development Organization (UNIDO), global industrial manufacturing increased by 9.4 % in 2021.

The latest market intelligence study, called “Global OXO Alcohol Market Forecast to 2032,” jots down some of the most prominent growth potentials of the global OXO Alcohol market. The report is primarily targeted at the industry stakeholders looking to capitalize on this report’s contents to make improved business decisions. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario. The insightful data & information provided by this report are gathered from various primary and secondary sources.

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Some Key Highlights From the Report

• The 2-Ethylhexanol segment accounted for largest market revenue share in 2022. 2-ethylhexanol is a key chemical component commonly used in various industrial chemical production processes, including coatings, resins, wax, petroleum derivatives, and heavy metal mining. 2- ethylhexanol is a crucial raw material used in production of chemical derivatives such as plasticizers, solvents, and lubricants. In addition, 2-Ethylhexanol can be further processed to create other chemicals, such as 2-EthylHexyl Nitrate (2EHN), which improves cetane number in diesel fuel and DiEthylHexylPhthalate (DEHP), which is employed as a plasticizer.
• The propylene segment accounted for largest revenue share in 2022. OXO alcohols are derivatives of chemicals made from propylene through oxidation process. They are commonly used as raw materials in different sectors such as creation of plasticizers, surfactants, and solvents. Propylene is converted into normal-butyraldehyde and iso-butyraldehyde via hydroformylation, which are further transformed into normal-butanol and iso-butanol by means of hydrogenation process.
• The plasticizer segment accounted for largest revenue share in 2022. OXO alcohols are frequently utilized as raw materials and intermediates in production of various plasticizers, chemicals, and plastics. Propylene, which is a chemical intermediate, is employed in manufacturing of a broad range of consumer and industrial items such as plastics, synthetic rubber, and resins.

The leading contenders in the global OXO Alcohol market are listed below:

BASF PETRONAS Chemicals Sdn. Bhd., Dow Chemical Company, Evonik Industries AG, Dow Chemical Company, Saudi Basic Industries Corporation, Johnson Matthey Plc, Saudi Arabian Oil Co., ZAK S.A., Tecnon OrbiChem Ltd., Bharat Petroleum Corporation Limited, INEOS Group Holdings S.A, Bluesail Chemical Group, Shell plc., Merck KGaA, Bax Chemicals, Mitsubishi Chemical Corporation, and Shandong Dongming Petrochemical Group Co., Ltd, among others

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OXO Alcohol Market Segmentation:

• Type Outlook (Revenue, USD Billion; 2019-2032) 2-Ethylhexanol N-butanol Isobutanol

• Feedstock Outlook (Revenue, USD Billion; 2019-2032) Propylene Natural Gas

• Regional Outlook (Revenue, USD Billion; 2019-2032) North America U.S. Canada Mexico Europe Germany France UK Italy Spain Benelux Rest of Europe Asia Pacific China India Japan South Korea Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia UAE South Africa Turkey Rest of Middle East & Africa

Regional Outlook of the OXO Alcohol Market

The global OXO Alcohol market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global OXO Alcohol market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Browse The Full OXO Alcohol Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/oxo-alcohol-market

Key reasons to buy the Global OXO Alcohol Market report:

1. The latest report comprehensively studies the global OXO Alcohol market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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