DALLAS, May 6, 2015 /PRNewswire/ --
The report, "Oxo Alcohols Market by Type (N-butanol, 2-ethylhexanol, Isononyl alcohol, Isobutanol, 2-propylheptanol), by Application (Plasticizers, Coatings & adhesives, Lubricant adhesives, Chemical intermediates), by End User - Global Trends & Forecasts to 2020", defines and segments the Oxo alcohols market with analysis and forecast of the market size. The Oxo Alcohols Market is projected to grow at a CAGR of 5.53% to reach $20,976.6 million by 2020.
Browse 82 market data Tables and 52 Figures spread through 149 Pages and in-depth TOC on "Oxo Alcohols Market".
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"Asia-Pacific - The biggest market of Oxo alcohols"
Oxo alcohols are prepared from a two-step process. First step is to convert olefins to alcohols by reaction with syn gas (carbon monoxide & hydrogen) followed by hydrogenation of the resultant aldehyde. In the first step, hydroformylation reaction is carried out under low pressure in the presence of rhodium catalyst (LP Oxo process). For example, ethylene may be hydro formulated to produce normal-butyraldehyde and iso-butyraldehyde which are hydrogenated to produce n-butanol and iso-butanol. The major applications of Oxo alcohols are plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates.
"Chemical Processing - The largest consumer of Oxo alcohols"
2-ethylhexanol (2-EH) and n-butanol are the largest consumed type of Oxo-Alcohols accounting for over 70% of the production. The major applications of Oxo alcohols are plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates. The major end-user industries where Oxo-alcohols are consumed are air conditioning & refrigeration, chemical processing, transportation, and consumer goods.
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China and the U.S. are at forefront of Oxo alcohols consumption, while Italy, Japan, and the Germany are other key markets for Oxo alcohols consumption. China is the key market in Asia-Pacific, consuming almost half of the demand for Oxo alcohols, followed by Japan, South Korea, and India where consumption is growing steadily. Increase in the consumption of Oxo alcohols for refrigeration, chemical processing and transportation has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region.
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