Oxo Alcohol Market is predicted to reach USD 20.1 Billion at a CAGR of 5.2% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Oxo Alcohol Market” that contains information from 2018 to 2030. The Oxo Alcohol market is estimated to register a CAGR of 5.2% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Oxo Alcohol market— DowDuPont (US), BASF SE (Germany), ExxonMobil Corporation (US), Eastman Chemical Company (US), Sasol (South Africa), Grupa Azoty ZAK SA (Poland), Ineos (UK), Formosa Plastics Corporation (Taiwan), and China Petrochemical Corporation (China).

Market Highlights

The global Oxo Alcohol Market is accounted to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 20.1 Billion by 2030.

The Oxo Alcohol Market is a segment of the chemical industry that involves the production and distribution of alcohols derived from the oxo process. These alcohols, such as 2-ethylhexanol and butanol, find extensive use as solvents, plasticizers, and intermediates in various manufacturing sectors, including paints, coatings, adhesives, and chemical synthesis. The market's growth is driven by the expanding demand for these versatile compounds across multiple industrial applications.

Segment Analysis

The global Oxo Alcohol market has been segmented based on Product and Application.

On the basis of Product, the market is segmented into N-butanol, 2-ethyl hexanol, and Isobutanol. Colourless and moderately volatile, n-butanol has a unique sweet smell. In paints, varnishes, coatings, fats, oils, waxes, and plasticizers, it is mostly employed as a solvent. Isobutanol is a clear, colourless liquid with a distinctive sweet, musty smell.

Based on Application, the global Oxo Alcohol market has been segmented into Acrylates, Glycol Ethers, Acetates, Lube Oil Additives, Resins, Solvents, and Plasticizers. Oxo alcohols are used to make acrylates, which are employed in the packaging, textile, and automotive industries as an intermediate. Due to a promising application outlook in the building and coatings industry, the worldwide acrylate segment should see the largest CAGR by 2027.

Regional Analysis

The global Oxo Alcohol market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Oxo Alcohol market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Oxo Alcohol market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Oxo Alcohol market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Oxo Alcohol Market dominated this market in 2017. The expansion of the oxo alcohol market in Asia-Pacific has been significantly fueled by the expanding construction and automotive sectors in this region. Oxo alcohol is increasingly in demand in these industries due to its use in paints, varnishes, coatings, and adhesives. As a result, the area is anticipated to experience rapid expansion during the review period.

Additionally, In 2017, North America accounted for the second-largest share of the global market for oxo alcohol. The product's use in plasticizers, which are widely used in the automotive, building, and electronics industries, is credited with the increase. The development of oxo alcohol in the North American market has been favourably impacted by the established automotive and construction industries. As a result, in the upcoming years, it is anticipated that the North American market will expand more quickly.

Moreover, The market is being driven by the usage of oxo alcohol in the pharmaceutical and agricultural industries. Another significant element that has contributed to the expansion of the market in this area is the expanding automobile industry, which is to blame for the high demand for oxo alcohol. Throughout the projection period, the European market is anticipated to experience spectacular expansion.

Key Findings of the Study

• The global Oxo Alcohol market is expected to reach USD 20.1 Billion by 2030, at a CAGR of 5.2% during the forecast period.


• The Asia-Pacific Oxo Alcohol Market dominated this market in 2017. The expansion of the oxo alcohol market in Asia-Pacific has been significantly fueled by the expanding construction and automotive sectors in this region.


• Based on Application, Oxo alcohols are used to make acrylates, which are employed in the packaging, textile, and automotive industries as an intermediate.


• DowDuPont (US), BASF SE (Germany), ExxonMobil Corporation (US), Eastman Chemical Company (US), Sasol (South Africa), Grupa Azoty ZAK SA (Poland), Ineos (UK), Formosa Plastics Corporation (Taiwan), and China Petrochemical Corporation (China).