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Global Oxo alcohols Market Share

Report ID: GMI2224
Published Date: Sep 2021
Report Format: PDF

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Global Oxo alcohols Market Share

The oxo alcohols industry is competitive and includes various players such as :

LG Chem
Grupa Azoty ZAK S.A
The Dow Chemical Company
OXEA GmbH
Evonik Industries
Perstorp Group
BASF
Sasol
Hanwha Chemical Corporation
Eastman Chemical
Elekeiroz
Andhra Petrochemicals
Bax Chemicals
Exxon Mobil Corporation

The companies are focusing on expansion strategy by increasing their production capacity. This factor is helping them to meet the demand-supply gap and sustain in the market.

Moreover, the companies are also focusing on expanding their manufacturing plants toward Southeast Asian countries as this will lower their production cost and increase the profit margin. Furthermore, it will also help to avoid strict environmental protection regulations from North America and Europe without compromising on their business.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The oxo alcohols industry value exceeded USD 17.5 billion in 2020 and will grow at a CAGR of 5% through 2027 with the surging acrylate demand for the production of acrylate polymers.

2-Ethylhexanol products will record USD 12.5 billion revenue through 2027 due to mounting usage in the manufacturing of Di-2-Ethyl Hexyl Phthalate (DEHP) and 2-Ethyl Hexyl Acrylate.

The Asia Pacific oxo alcohols industry will surpass USD 11 billion valuation by 2027 driven by the high availability of raw materials and low-cost labor.

Prominent participants in the oxo alcohols industry comprise OXEA GmbH, LG Chem, The Dow Chemical Company, Elekeiroz, Evonik Industries, Andhra Petrochemicals, Exxon Mobil Corporation, and others.