Oxo Alcohols Market from plasticizers application should grow significantly surpassing USD 9 billion by 2024 due to strong product demand from plastic and polymer industry. Adding plasticizers in polymers increase viscosity, plasticity and reduces molecular attraction between polymeric chains increasing flexibility & durability.
Iso-butanol based oxo alcohols market should witness gains at over 3.5% during projected forecast. This growth in demand can be attributed to positive application outlook in manufacturing of household & industrial coatings, adhesives, paints and wood varnishes. Products manufactured offer improved gloss & flow, good adhesion, weatherability and flexibility driving product demand.
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Growing consumer dependency towards polymer based products along with emphasis on cost minimization should bolster oxo alcohols market. Growing demand for n-Butanol and 2-Ethylhexanol in downstream application for production of 2-Ethyl Hexyl Acrylate and Di-2-Ethyl Hexyl Phthalate (DEHP) which are further used in petrochemical industry owing to enhanced fuel performance and lower emission rates.
The commercial production of oxo alcohols involves intermediaries such as ethylene, propylene, and acetylene that are used to manufacture plasticizers, acetates, ether, and solvents. It is prudent to mention however, that these raw materials are essentially obtained from petrochemical based feedstock, indicating that any fluctuations in crude oil price and volume trends may have a direct influence on the revenue graph of oxo alcohols market. Companies partaking in oxo alcohols industry share have been focusing on improving their production capacity in order to combat the demand-supply gap.
As per estimates, global plasticizers industry size was valued at a massive 7.5 million tons in 2016 and is likely to depict an upward growth potential in the years ahead. This comes as no surprise, given how massively plasticizers are deployed in the polymer industry. When added to polymers, plasticizers apparently decrease the molecular attraction between polymeric chains, making them much more durable and flexible. With the increasing demand for polymer products such as PVC (polyvinyl chloride) products, ester-based plastics, plasticizer-based concrete, and more from the wiring, cabling, and flooring sectors, it would be profitable for investors to pour in their coffers in oxo alcohols market in the coming years.
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Germany oxo alcohols market should surpass USD 1.2 billion by 2024 owing to strong lubricant demands from growing regional automotive industry. Rising automobile production rates and widespread regional OEM bases should compliment product demand. Stringent emission control regulations should further strengthen regional industry growth.
China oxo alcohols market should grow at significant pace due to extensive product demand for coatings & paints and varnishes from construction spending. Low production cost owing to lenient regulatory regimes & low-cost labor should bolster regional industry growth.
Major Point From Table Of Content:
Chapter 5. Oxo alcohols Market, By Application
5.1. Global oxo alcohols industry share by application, 2016 & 2024
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Glycol ether
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
5.8. Lube Oil Additive
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013-2024
5.9.1. Market estimates and forecast, 2013-2024
5.9.2. Market estimates and forecast, by region, 2013-2024
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