Oxo Alcohol Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 02 17:49 2022
Oxo Alcohol Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Global Oxo Alcohol Market is expected to grow at a CAGR of 4.40% during the forecasting period (2022 – 2029).

Market Overview

Oxo chemical compounds are by-product and intermediate chemicals more often than not used in the chemical and production methods of plasticizers, coatings, paints, adhesives and lubricant additives. The chemical compounds are produced by means of hydro-formylation of olefins with a synthesis gasoline, a widespread path to C3-C15 aldehydes, similarly transformed to alcohol and different complicated compounds.

Oxo alcohols are a essential part of creation, OEM enterprise and car as they play a vital function within the production and generating diverse sorts of polymers, surface coating and solvents. Most importantly, oxo alcohols are broadly utilized for the plasticizers application as the predominant derivatives of Oxo Alcohols are plasticizers.

Isononyl (INA) and 2-Propylheptanol (2-PH) are two giant oxo alcohols typically applied in plasticizers. Isononyl alcohol (INA) is used broadly speaking to fabricate gentle-PVC merchandise in the creation and car industries. In addition, di-isononyl phthalate, di-isononyl cyclo-hexanoate, di(iso)-pentyl- terephthalate and others are applied for the plasticizers application.

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Market Dynamics

Strong call for for oxo alcohols in plasticizer programs for oxo polyvinyl chloride, appropriate for vinyl flooring, apparel and electric cord coatings are anticipated to force the market

About 90% of all plasticizers produce flexible polyvinyl chloride, also known as vinyl used for floors, wall coverings, roofing membranes, electric cable and twine insulation, automotive programs, medical gadgets, synthetic leather items and plenty of others. In addition, a few plasticizers can be utilized in rubber merchandise, paints, adhesives and sealants.

C4-based totally alcohol is oxo alcohol predominantly used as a key thing for manufacturing high-performance plasticizers that can be utilized in an intensive variety of applications. In addition, di-isononyl phthalate is an isononyl alcohol-based oxo alcohol plasticizer with an exquisite price and overall performance ratio. It is the most flexible plasticizer utilized in thermoplastic and plastisol-processing of flexible PVC.

Exxon Mobil Corporation advanced a Jayflex MB10 plasticizer, synthesized by combining benzoic acid and isodecyl alcohol. It capabilities top compatibility with thermoplastic resins, specifically polyvinyl chloride. Jayflex MB10 acts as a secondary plasticizer to reduce the plastisol viscosity without the want for more unstable hydrocarbon viscosity depressants. In addition, it has a boiling factor properly above 300°C, which enables lessen VOC content. Its sustainability gain, collectively with first-rate resistance to stains, makes it an ideal choice for flooring formulators.

Market Segmentation:

By Production Process

  • N-butanol
  • Isobutanol
  • 2-ethylhexanol
  • Isononanol

By Application

  • Plasticizer
  • Acetate
  • Glycol Ethers
  • Acrylates

By End-User

  • Building & Construction
  • Automotive
  • Consumer Goods
  • Others

Competitive Landscape

The global oxo alcohol market is moderately competitive and consolidated with several end-use industries such as automotive and aerospace companies, resulting in high investment by multinational and local companies, contributing to the major share in the market growth.

In addition, major players contributing to the market’s growth are BASF SE, Dow Chemical Company, Eastman Chemical Company, ExxonMobil Chemical Company, Arkema SA, Evonik Industries, The Andhra Petrochemicals Limited, Ineos, BAX Chemicals, LG Chem and others. In addition, the companies are adopting growth strategies such as expansions, acquisitions, product launches and collaborations, contributing to the market growth globally.

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