Coronavirus (COVID-19) Business Impact – Oxo-Alcohol Market 2020, Size, Share, Analysis, Trends and Growth, Forecast 2025

Chemicals and Material News

According to a new report by Expert Market Research titled, ‘Global Oxo-Alcohol Market Report and Forecast 2020-2025’, the oxo-alcohol market reached 8 million tons in 2018. The market is expected to witness a steady growth in the forecast period of 2020-2025, growing at a CAGR of 2.7%. In 2025, the market is projected to attain 9.4 million tons.

The Asia Pacific accounts for the largest share in the global oxo-alcohol market. China is the leading producer of oxo-alcohol in the world followed by the US. North America is a mature market for oxo-alcohol. The industry in the region is being driven by the rising per capita consumption of plastic. The diversification of plasticiser applications across various industries is driving the oxo-alcohol market in the region. Plasticisers are the largest application sector for oxo-alcohol, globally. They find the majority of their applications in PVC, to improve the material’s durability and flexibility. The rise in environmental consciousness is leading to a growing demand for non-phthalate plasticisers.

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n-Butanol is preferred over other oxo-alcohol types and accounts for the largest market share. Butanols, overall, have witnessed a healthy growth over the recent years, due to the rising application of its derivative butyl acrylate in water-based coatings. The German chemical company, BASF is the leading producer of oxo alcohols, especially, producing n-butanols. Although the company remained on force majeure for isobutanol (IBA) in Ludwigshafen, Germany in Q1 2019, the supply of n-butanol (NBA) and 2-ethyl hexanol (2-EH) was enough to meet the demand in Europe. In 2017, INEOS Oxide, a key player in the industry, acquired Arkema’s Oxo alcohol business including the company’s stake in Oxochimie, Arkema’s joint venture at Lavéra with INEOS. Oxochimie used to manufacture butanols and 2-ethyl hexanol.

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Market Breakup by Types, Forms, and Regions:

Market Breakup by Types:

  1. 2-Ethylhexanol
  2. n-Butanol
  3. iso-Butanol
  4. Others

The types of oxo-alcohol available in the market are 2-Ethylhexanol, n-Butanol, and iso-Butanol, among others.

Market Breakup by Forms:

  1. Plasticizer
  2. Ethylhexyl Acrylate
  3. Others

Plasticizer and Ethylhexyl Acrylate, among others are the forms of oxo-alcohol.

Market Breakup by Regions:

  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others

Competitive Landscape & Supplier Analysis:

  • LG Chem Ltd.
  • Exxon Mobil Corporation
  • Eastman Chemical Company
  • Ineos Oxide Ltd.
  • Grupa Azoty ZAK S.A.
  • The Andhra Petrochemicals Ltd
  • Others

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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