Stratview Research has published a new report titled “Oxo Alcohols Market” which is segmented by Product Type (Iso-Butanol, N-Butanol, 2-Ethylhexanol, and Others), by Application Type (Plasticizers, Acrylate, Acetate, Glycol Ether, Solvents, Adhesives, Lube Oil Additive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, Oxo Alcohols Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Growing plasticizer demand in the automotive, consumer goods, construction and packaging industries is one of the major factors fueling the market growth over the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as iso-butanol, n-butanol, 2-ethylhexanol, and others. 2-ethylhexanol is estimated to account for the major share of the market on account of its utilization in downstream application and petrochemical industry. On the other hand, iso-butanol is estimated to witness significant growth in the market owing to its attractive features such as good adhesion to surface, flexibility, enhanced flow, and climatic resistance making it suitable for utilization in production of paints, industrial & household coatings and adhesives, wood varnishes, accelerating the overall industry growth during the forecast period.
Based on the application type, the market is segmented as plasticizers, acrylate, acetate, glycol ether, solvents, adhesives, lube oil additive, and others. Plasticizers are estimated to be the dominating application type in the market during the forecast period on account of their strong scope of application in the polymer industry. On the other hand, lube oil additive is expected to witness significant growth in the market owing to the growing demand for effective lubrication systems in automobiles and machinery.
Which Region is expected to remain the largest market?
In terms of regions, Europe is estimated to account for the major share of the market owing to increasing automotive production rates coupled with the presence of some of the key OEMs and lubricant manufacturers in the region. Italy, Germany, and Spain are the major growth engines of the region likely to provide lucrative growth opportunities during the forecast period. On the other hand, Asia-Pacific is estimated to witness significant growth in the market with China being the major country with growing demand for paints & coatings, adhesives & varnishes, etc. fueling the regional market growth over the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Oxo Alcohols Market:
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