Stratview Research has published a new report on the Oxo Alcohols Market, segmented by Product Type (Iso-Butanol, N-Butanol, 2-Ethylhexanol, and Others), by Application Type (Plasticizers, Acrylate, Acetate, Glycol Ether, Solvents, Adhesives , Lube Oil Additive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Oxo Alcohols Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Growing plasticizer demand in the automotive, consumer goods, construction and packaging industries is one of the major factors fueling the market growth over the forecast period
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Oxo Alcohols Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as iso-butanol, n-butanol, 2-ethylhexanol, and others. industry.On the other hand, iso-butanol is estimated to witness significant growth in the market owing to its attractive features such as good adhesion to surface, flexibility, enhanced flow, and climatic resistance making it suitable for utilization in production of paints, industrial & household coatings and adhesives, wood varnishes, accelerating the overall industry growth during the forecast period.
Based on the application type, the market is segmented as plasticizers, acrylate, acetate, glycol ether, solvents, adhesives, lube oil additive, and others. Plasticizers are estimated to be the dominating application type in the market during the forecast period on account of Their strong scope of application in the polymer industry. On the other hand, lube oil additive is expected to witness significant growth in the market owing to the growing demand for effective lubrication systems in automobiles and machinery.
Following are the key players in the Oxo Alcohols Market:
• BASF Petronas
• Bax Chemicals
• Eastman Chemical Company
• Elekeiroz
• Evonik Industries
• Exxon Mobil Corporation
• LG Chem Ltd.
• OXEA GmbH
• Sasol Ltd.
• The Dow Chemical Company.
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