Oxo Alcohols Market - By Product, By Application Analysis, Share, Growth Forecast, 2025 - 2034

Oxo Alcohols Market Size

The global oxo alcohols market was valued at USD 21.5 billion in 2024 and is estimated to grow at a CAGR of over 5.3% CAGR from 2025 to 2034.
 

Acrylate and its polymers are likely to be in high demand striving to meet the plasticizer requirements of the automotive, construction and even the consumer goods industries. Alcohols produced by the hydroformylation approach where olefins are treated with carbon monoxide and hydrogen in a particular form are termed as oxo. Once the reaction takes place, the spawned aldehyde undergoes a hydrogenation reaction to yield alcohol. The selling of oxo alcohols is anticipated to experience swift growth as plasticizers requirements in construction and packaging rise.

Furthermore, the growth of automobile & construction sectors is also increasing the global oxo alcohols demand which are primarily used in the manufacturing of solvents, plasticizers, and coatings for paints and adhesives. The constant focus on eco-friendly and sustainable practices is also having an impact on the global oxo alcohols market as the manufacturers look to switch to more environmentally friendly processes thereby reducing their carbon emissions. This trend is congruent with the regulations aimed at reducing the use of hazardous materials so as to provide better opportunities in the market of oxo alcohols.
 

Oxo Alcohols Market Trends

The trends in the market has been influenced by manufacturing efficiency and development. There has been a noticeable shift in manufacturing processes such as the creation of effective catalytic systems and some reconstructive processes which have resulted in lowered costs and increased profits. The influence of automation and decimation is also noticeable in a great number of operations, helping to eliminate and prevent waste in a range of production processes.
 

Furthermore, change is also happening to aspects media sourcing of raw material including biomass feedstock which all manufacturers have are attempting to adopt to meet preferred sustainability objectives although these changes decrease environmental concerns that have been increasing in modern society, they also make the production of alcohols more cost-effective. The growth of the manufacturing process as well as technological development will contribute to the greater need for green products the world keeps getting greener and sustainable as well. The market will benefit from the targeting changes to the oxo alcohols manufacturing processes as well as the new innovative technologies.
 

Oxo Alcohols Market Analysis

2-ethylhexanol market is expected to amount to USD 17.6 billion with a CAGR reaching up to 5.5% during the period of 2034. With regards to the market of oxo alcohols, the trends of the products are determined by the different uses for the alcohols and the increasing needs of certain types of alcohol. n-butanol continues to be an important product due to the manufacture of plastics, coatings, and solvents. There is an increasing trend for industrial uses. The growth in the automotive and construction industries is increasing the demand for 2-ethylhexanol, which is used in lubricants and plasticizers; this is consistent with increasing trends for 2-ethylhexanol as related to more durable goods.
 

The use of iso-butanol is increasing as well, especially in the production of specialty chemicals and a solvent, due to their good characteristics. The other category which comprises of other alcohols in niche markets is witnessing substantial growth due to advancements and customization in chemical formulation.
 

The plasticizers segment contributed 41.5% of the total market in 2024. In the oxo alcohols market, the trends in application seem to show growth in the need for the manufacture of plasticizers – which are largely needed for making polymers more versatile and resistant. This is especially useful in the construction and car manufacturing spheres where materials of a high standard are required.
 

There is also a rising utilization of application of acrylate, which is mostly used in coating and adhesives because they have good bonding characteristics and are resistant to weather elements. Acetates are becoming popular as solvents in a variety of industries such as the pharmaceutical and cosmetics industries. Glycol ethers remain extensively applied especially in cleaning agents and cosmetics because consumers are now buying products with multifunctional benefits. The lube oil additive market has also experienced growth as various industries seek for better performance and efficiency in lubrication. The broad spectrum of applications of oxo alcohols is reshaping the market while the manufacturers’ efforts concentrate on the innovative approach directed to the specific needs of an industry and the ecology policy.
 

The U.S. oxo alcohols market is set to grow at a CAGR of 4.8% grossing USD 6.8 billion from 2025 to 2034. Moreover, the manufacturing processes concerning the production of oxo alcohols are becoming more efficient enabling greater quality and sustainable output. This in turn has paved the way for the automotive , construction and consumer goods industry to begin a greater uptake.
 

However, the increased regulatory pressure to ensure a lower emission of VOC has also encouraged manufacturers to pursue safer alternatives. Furthermore, the recent technological advancements have further enhanced the drive towards ecofriendly products paving the way for bio based oxo alcohols.
 

Oxo Alcohols Market Share

Evonik Industries is known for its technologically advanced chemical products, which assists in this. OXEA GmbH primarily aims to produce eco-friendly oxo alcohols while broadening their scope to satisfy the market’s requirements. The Dow Chemical Company puts their extensive R&D prowess into use in creating oxo alcohols for applications in solvents and adhesives while advancing their functionalities.
 

Grupa Azoty ZAK S.A. is able to offer a wide range of oxo alcohols which meet the unmet demand in Europe’s automotive and construction industries, having already garnered a solid foothold there. LG Chem is a key player green and sustainable in oxo alcohols industry as they are able to create competitive alcohols such as n-butanol and 2-ethylhexanol for coatings and plastics.
 

Oxo Alcohols Market Companies

The players that dominate the market for oxo-alcohols include:

• Andhra Petrochemicals
• BASF
• Bax Chemicals
• Eastman Chemical
• Elekeiroz
• Evonik Industries
• Exxon Mobil Corporation
• Grupa Azoty ZAK S.A.
• Hanwha Chemical Corporation
• LG Chem
   

Oxo Alcohols Industry News

• In August 2024: BASF entered into an agreement to strengthen its collaboration with UPC Technology Corporation on plasticizer alcohols and catalysts for phthalic anhydride and maleic anhydride.
   
• In June 2024: Technip Energies and Mitsubishi Chemical Corporation have made public the licensing of anmodifiied OXO M-Process, for reduced expenses in both the production and the profitable operations of OXO alcohols. The improved OXO M-Process technology improves OXO alcohol production efficiency and reduces the costs at which it is sold.
   

This oxo alcohols market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

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Market, By Product

• N-Butanol
• 2-Ethylhexanol
• Iso-butanol
• Others

Market, By Application

• Plasticizers
• Acrylate
• Acetate
• Glycol ether
• Solvents
• Adhesives
• Lube oil additive
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE