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Oxo Alcohols Market Share

Report ID: GMI2224
Published Date: Nov 2024
Report Format: PDF

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Oxo Alcohols Market Share

Companies include, LG Chem is a key player in the oxo alcohols industry, focusing on the production of high-quality n-butanol and 2-ethylhexanol, which are essential for various applications, including coatings and plastics. Grupa Azoty ZAK S.A. has established a strong presence in Europe, providing a wide range of oxo alcohols that cater to the growing demand in the automotive and construction sectors. The Dow Chemical Company leverages its extensive research and development capabilities to innovate in the production of oxo alcohols, enhancing their properties for use in solvents and adhesives.

OXEA GmbH specializes in producing oxo alcohols with a focus on sustainable practices, offering eco-friendly alternatives and expanding their portfolio to meet market needs. Evonik Industries is recognized for its advanced chemical solutions, contributing significantly to the development of specialty oxo alcohols used in high-performance applications, further solidifying their position in the global market.

Oxo Alcohols Market Companies

Major players operating in the oxo alcohols industry are:

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

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global oxo alcohols industry was valued at USD 21.5 billion in 2024 and is estimated to grow at a 5.3% CAGR from 2025 to 2034, driven by increasing demand for acrylate polymers and plasticizers.

The 2-ethylhexanol product segment is expected to capture USD 17.6 billion by 2034, demonstrating a 5.5% CAGR due to its diverse applications.

The U.S. oxo alcohols market is projected to achieve USD 6.8 billion by 2034, with a CAGR of 4.8% from 2025 to 2034, driven by increasing demand in automotive, construction, and consumer goods sectors.

Major players in the oxo alcohols industry include Andhra Petrochemicals, BASF, Bax Chemicals, Eastman Chemical, Elekeiroz, Evonik Industries, Exxon Mobil Corporation, Grupa Azoty ZAK S.A., Hanwha Chemical Corporation, and LG Chem.