Oxo Alcohol Market: An Overview Oxo alcohols are alcohols produced via the hydroformylation process. The global oxo alcohol market is valued at approximately USD 12.7 billion in 2024 and is projected to expand steadily at a CAGR of 5.2%
through 2033. By Align Strategic imperative
Market Segmentation By Product Type
By Application
•
n-Butanol
•
•
2-Ethylhexanol
•
Isobutanol
Acrylates (paints/coatings)
– 30% •
Plasticizers (PVC) – 25%
•
Glycol Ethers – 15%
•
Solvents – 10%
•
Others (additives/resins) – 20%
Regional Analysis Asia Pacific
North Americ a
Europe
Latin Americ a & Middle East
Holds 40% revenue share,
Major consumer,
Mature market
led by China and India.
especially in coatings
emphasizing
Growing markets driven
applications.
sustainability and bio-
by increasing
based products.
industrialization.
K ey Market Players BAS F S E
Dow Chemic al Company
Leading in n-Butanol and 2-
Strong presence in the North
Ethylhexanol production.
American market.
E astman Chemic al Company Specializes in specialty oxo alcohols.
LG Chem
Others
Major player across Asia Pacific region.
Includes Oxea, Perstorp Holding AB, and Mitsubishi Chemical.
Market Trends and Challenges Bio-Based Demand Rising interest in bio-based oxo alcohols like Genomatica's process.
Sustainable Production Focus on lowering VOC emissions and minimizing waste.
Raw Material Fluctuations Unsteady prices for propylene and syngas increase risks.
Environmental Regulations Stricter laws challenge production and cost efficiency.
Future Outlook and Opportunities Growth Opportunities
Market Projection
1
Expand in emerging economies
2
and bio-based alcohols.
S trategic Recommendations Invest in R&D and prioritize
Oxo Alcohol Market: An Overview Oxo alcohols are alcohols produced via the hydroformylation process. The global oxo alcohol market is valued at approx...
