The global oxo chemicals market is forecast to surpass US$ 33.27 billion by 2025, on account of robust growth of construction and automotive segments backed by increasing population, urbanization, and rising government investments in the regions.
Increase in utilization of oxo chemicals in various downstream industries is attributed to the growing demand for plasticizers, acrylates, glycol ether, resins and solvents in construction, automotive, paints, coatings and other downstream industries. Moreover, rising technological advancements introduce innovative products such as phthalate free plasticizers, water based and protective coatings, etc., with high functionality and efficiency that attracts large number of consumers, and thus fuels the growth of global oxo chemicals market.
The expanding commercialization and residential infrastructure has generated a large demand for plasticizers chemicals in production of building materials, which in turn raises the consumption of oxo chemicals as primary feedstock in end use industries. Additionally, growing awareness about the phthalate free plasticizers with improved degradability and no hazardous environmental effects, positively impact oxo chemicals market. Acrylates, glycol ether, solvents, resins, etc., are the other end use segments of oxo chemicals market.
Growing application of oxo intermediates and derivatives in textile, pharma, electrical, paints and coatings industries is boosting the global oxo chemicals market.
Global Oxo Chemicals Market report elaborates following aspects related to oxo chemicals market
Global Oxo Chemicals Market Size, Share & Forecast
Segmental Analysis - By End Use (Plasticizers, Acrylates, Glycol Ether & Others); By Region (Asia-Pacific, Europe, North America, Middle East & Africa, and South America.)
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Trends & Developments
Robust Growth of Global Paints and Coating Industry
Rising Investments in Oxo Chemical Industry
Rising Demand for Phthalate Free Plasticizers Chemicals
Emerging Application of Oxo Chemicals
Upcoming Construction Projects
Investments in Coatings Chemical Manufacturing Industries
Robust Growth of Superplasticizers
Merger and Acquisitions
Global oxo chemicals market is controlled by four major players namely: