Research and Markets: The European Oxo Alcohols Market is Expected to Show the Lowest CAGR between 2015 and 2020 Says Recent Study
May 12, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/8s34mt/oxo_alcohol) has announced the addition of the “Oxo Alcohol Market by Type, by Application, by End User – Global Trends & Forecasts to 2020” report to their offering.
Oxo alcohols are prepared by reacting olefins with syn gas (hydroformulation reaction) under low pressure in presence of rhodium catalyst. The resultant aldehyde is hydrogenated to give Oxo-alcohols. Various olefins such as ethylene, propylene, acetylene can be used as raw materials for preparation of different kinds of Oxo-alcohols. The commercially important Oxo alcohols are n-butanol, 2-ethylhexanol, isobutanol, isononyl alcohol, 2-propylheptanol.
Currently, Asia-Pacific is the biggest market for Oxo alcohol followed by Europe and North America, which together accounted for more than 90% market share in 2014. China is the biggest market for Oxo alcohols, followed by United States, and is projected to grow at a CAGR of 7% between 2015 and 2020. The European market is comparatively mature with a consumption growth rate well below the average market growth.
On the basis of application, the Oxo alcohols market is further categorized into plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates. Chemical intermediates are the largest application segment of Oxo alcohols, followed by use in paints, coatings and adhesive industry.
Companies Mentioned:
– Arkema SA
– BASF Petronas
– BAX Chemicals
– Eastman Chemical Company
– Evonik Industries
– ExxonMobil Chemical Company
– INEOS
– LG Chem
– Oxea
– Qatar Petroleum
– The Andhra Petrochemicals Limited
– The DOW Chemical Company
– ZAK S.A.
For more information visit http://www.researchandmarkets.com/research/8s34mt/oxo_alcohol
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