The global OXO alcohol market size was USD 12.29 Billion in 2022 and is expected to register a steady revenue CAGR of 5.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for OXO-alcohols in production of adhesives, and paints and coatings and solvents, which find applications in printing inks and as an additive in cleaners and polishes are major factors driving market revenue growth. OXO alcohols are widely used to manufacture a wide range of industrial chemical manufacturing process and manufacturing processes of solvents and surfactants. According to United Nations Industrial Development Organization (UNIDO), global industrial manufacturing increased by 9.4 % in 2021. In addition, rising demand for organic OXO alcohol in the industrial chemical manufacturing industry is also significantly driving market revenue growth. Many automotive Original Equipment Manufacturer (OEM) companies are procuring OXO alcohol in automotive paint processes, which increases quality of paint process. For example, 2M2B is used as solvents and intermediates in production of industrial chemicals such as plasticizers, adhesives, polymer additives, synthetic fibers, and other compounds, . This factor is significantly driving revenue growth of the market. However, high cost of operations and availability of alternatives are hindering market revenue growth. Production of OXO alcohol involves multiple manufacturing steps and purification stages and requires a significant amount of investment to establish the facilities. Furthermore, global fluctuation in prices of petrochemicals is expected to significantly impact revenue growth of the OXO alcohol industry.
The Global OXO Alcohol Market Report, published by Emergen Research, offers a complete assessment of the major segments of the global OXO Alcohol market, estimating the market growth rate over the forecast timeline (2020-2027). The latest research report can be viewed as a valuable source of data and information about this particular business sphere. Our team of market experts has performed a thorough future market growth analysis and assessed the demand & supply graphs and the market’s historical and future revenue generation. The report is equipped with a vivid description of the current trends of the global OXO Alcohol market.
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Competitive Outlook: The leading companies operating in the OXO Alcohol market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the OXO Alcohol Market and Profiled in the Report are:
BASF PETRONAS Chemicals Sdn. Bhd., Dow Chemical Company, Evonik Industries AG, Dow Chemical Company, Saudi Basic Industries Corporation, Johnson Matthey Plc, Saudi Arabian Oil Co., ZAK S.A., Tecnon OrbiChem Ltd., Bharat Petroleum Corporation Limited, INEOS Group Holdings S.A, Bluesail Chemical Group, Shell plc., Merck KGaA, Bax Chemicals, Mitsubishi Chemical Corporation, and Shandong Dongming Petrochemical Group Co., Ltd, among others
Objectives of the Report:
Study of the global OXO Alcohol market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the OXO Alcohol market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of OXO Alcohol market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global OXO Alcohol market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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