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. In addition, rising demand for organic OXO alcohol in the industrial chemical manufacturing industry is also significantly driving market revenue growth. Many automotive Original Equipment Manufacturer (OEM) companies are procuring OXO alcohol in automotive paint processes, which increases quality of paint process. For example, 2M2B is used as solvents and intermediates in production of industrial chemicals such as plasticizers, adhesives, polymer additives, synthetic fibers, and other compounds, . This factor is significantly driving revenue growth of the market. However, high cost of operations and availability of alternatives are hindering market revenue growth. Production of OXO alcohol involves multiple manufacturing steps and purification stages and requires a significant amount of investment to establish the facilities. Furthermore, global fluctuation in prices of petrochemicals is expected to significantly impact revenue growth of the OXO alcohol industry.
The new report published by Emergen Research, titled ‘Global OXO Alcohol Market,’ offers in-depth scrutiny of the OXO Alcohol market landscape and its growth prospects over the forecast years. The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the OXO Alcohol market.
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Key companies profiled in the report include:
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
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the OXO Alcohol market?
What are the key product types and applications of the OXO Alcohol industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the OXO Alcohol market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the OXO Alcohol Market by 2027?
Click to access the Report Study, read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/oxo-alcohol-market
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
- North America
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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