Oxo Alcohols Market by Type (N-Butanol, ISO Butanol, 2-Ethylhexanol), Application (Acrylates, Glycol Ethers, Acetates, Lube Oil Additives, Resins, Solvents, Plasticizers) - Global Trends & Forecast to 2020
[134 Pages] Oxo alcohols are prepared by reacting olefins with syngas (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, and others. The market of Oxo alcohols is forecasted to be around 12,601 KT in terms of volume in 2020 growing at a CAGR around 4.4%. Oxo-alcohols are primarily consumed as solvents for preparing plasticizers, paints, coatings & adhesives, lubricant additives and in chemical manufacturing. The major end user industries of Oxo alcohols are acrylates, acetates, chemical intermediates, and plasticizers.
The Oxo alcohols market has grown rapidly during the past few years and this trend is expected to continue in the next five years. The growth is mainly driven by the increasing demand in the Asia-Pacific region. Asia-Pacific is the biggest market for Oxo alcohols followed by Europe and North America, which together accounted for more than 90.0% 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. N-butanol and 2-ethylhexanol are the largest consumed Oxo alcohols with a combined market share of over 70%. Plasticizer is the largest end-user segment of Oxo alcohols followed by acrylates.
This study aims to estimate the market of Oxo alcohols in 2015 and project its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the Oxo alcohols market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and projected by regions Asia-Pacific, North America, Europe and RoW, which are further segmented by key countries in each region. We have used different secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of Oxo alcohols. The primary sources that include experts from related industries and suppliers have been interviewed to verify and collect critical information as well as to assess the future prospects of Oxo alcohols.
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This research report segments the market for Oxo alcohols on the basis of type, application, end-user and region along with forecast of revenue and analyzing trends in each of the submarkets.
On the basis of Type: The Oxo alcohols market is segmented on the basis of type into N-butanol, 2-ethylhexanol, Isobutanol, and others. Each type is further described in detail in the report with value forecasts between 2015 and 2020 period.
On the basis of application: The Oxo alcohols market is segmented on the basis of end-user segments such as Acrylates, Glycol Ethers, Acetate, Lube, Resins, Solvents, Plasticizers, and others. Each end-user is further described in detail in the report with value forecasts for aforementioned period.
On the basis of region: The Oxo alcohols market is segmented by regions Asia-Pacific, North America, Europe, and RoW; and they are further segmented by key countries in each region that include China, Japan, South Korea, India, The U.S., Germany, U.K., Germany, France, and Middle East & Africa and South America.
Oxo alcohols: A projected value of 12,601 KT by 2020, signifying firm annualized growth of around 4.4% between 2015 and 2020.
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, and isobutanol.
Currently, Asia-Pacific is the biggest market for Oxo alcohols 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. The European Oxo alcohols market is expected to show the lowest CAGR between 2015 and 2020.
On the basis of application, the Oxo alcohols market is further categorized into Acrylates, Glycol Ethers, Acetate, Lube, Resins, Solvents, Plasticizers, and others. Plasticizers are the largest application segment of Oxo alcohols, followed by use in acrylates and acetates industry.
On the basis of type, the Oxo alcohols market is further categorized into N-butanol, 2-ethylhexanol, Isobutanol, and others. The growth in end user segment is primarily driven by growing demand from the Asia-Pacific region particularly from China.
The major players of Oxo alcohols BASF Petronas (Malaysia), Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), ExxonMobil Chemical Company (U.S.), Arkema SA (France), Evonik Industries (Germany), The Andhra Petrochemicals Limited (India), Oxea (U.S.), ZAK S.A. (Poland), Ineos (Switzerland), BAX Chemicals (The Netherlands), Qatar Petroleum (Qater), and LG Chem (South Korea).
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.1.1 By Type
1.3.1.2 By Application
1.3.1.3 By Region
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Data From Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 27)
4.1 Attractive Market Opportunity for OXO Alcohols
5 Market Overview (Page No. - 29)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growth in Butyl Acrylates, 2-Eh Acrylates
5.3.1.2 Strong Demand for OXO Alcohols in Asia-Pacific
5.3.2 Restraints
5.3.2.1 Maturity of the Product
5.3.2.2 Negative Trends of Dioctyl Phthalate (DOP) in Europe and North America
5.3.3 Opportunities
5.3.3.1 Demand-Production Gap in China
5.3.3.2 Rising Investment in Saudi Arabia’s Downstream Sector
5.3.3.3 Strict Norms Driving the Demand for High Performance Fuels
5.3.3.4 Dioctyl Teriphthalate (DOTP) Market Development
5.3.4 Challenges
5.3.4.1 Shrinking Grounds for Small Capacity Plants
5.4 Winning Imperatives
5.4.1 Establishment of Large Capacity Plants & Capacity Expansions
5.4.2 Forward Integration
6 Industry Trends (Page No. - 38)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Raw Material Suppliers
6.2.2 Manufacturers/Distributors
6.3 Porter’s Five Forces Analysis
6.3.1 Bargaining Power of Buyers
6.3.2 Bargaining Power of Suppliers
6.3.3 Threat of New Entrants
6.3.4 Threat of Substitutes
6.3.5 Intensity of Rivalry
7 OXO Alcohols Market, By Type (Page No. - 42)
7.1 Introduction
7.2 N-Butanol
7.3 2- Ethylhexanol
7.4 ISO Butanol
7.5 Other OXO Alcohols
8 OXO Alcohols, By Application (Page No. - 48)
8.1 Introduction
8.2 Acrylates
8.3 Glycol Ethers
8.4 Acetates
8.5 Lubes
8.6 Resins
8.7 Solvents
8.8 Plasticizers
8.9 Others
9 OXO Alcohols Market Size, By Region (Page No. - 58)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Rest of North America
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 RoW
9.5.1 Middle East & Africa
9.5.2 South America
10 Competitive Landscape (Page No. - 100)
10.1 Overview
10.2 Expansion: the Most Popular Growth Strategy
10.3 Maximum Developments in 2012
10.4 Competitive Situation & Trends
10.4.1 Expansions
10.4.2 New Product Development/Launches
10.4.3 Agreement
10.4.4 Mergers & Acquisitions
10.4.5 Joint Ventures
11 Company Profiles (Page No. - 107)
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Introduction
11.2 The DOW Chemical Company
11.3 BASF SE
11.4 Exxonmobil Chemical Company
11.5 Eastman Chemical Company
11.6 Evonik Industries
11.7 The Andhra Petrochemicals Limited
11.8 Oxea GmbH
11.9 Ineos Oxide
11.10 LG Chem
11.11 BAX Chemicals BV
*Details Might Not Be Captured in Case of Unlisted Companies
12 Appendix (Page No. - 129)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real Time Market Intelligence
12.4 Available Customizations
List of Tables (99 Tables)
Table 1 Impact of Drivers on the Global OXO Alcohols Market (2015–2020)
Table 2 Impact of Restraints on the Global OXO Alcohols Market (2015–2020)
Table 3 Impact of Challenges on the Global OXO Alcohols Market (2015–2020)
Table 4 Impact of Winning Imperatives on the Global OXO Alcohols Market (2015–2020)
Table 5 N-Butanol Market Size, 2013-2020 (Kilotons & $Million)
Table 6 2-Eh Market Size, 2013-2020 (Kilotons & $Million)
Table 7 ISO Butanol Market Size, 2013-2020 (Kilotons & $Million)
Table 8 Other OXO Alcohol Market Size, 2013-2020 (Kilotons & $Million)
Table 9 OXO Alcohols Market Size in Acrylates, 2013-2020 (Kilotons & $Million)
Table 10 Market Size in Glycol Ethers,2013-2020 (Kilotons & $Million)
Table 11 OXO Alcohols Market Size in Acetates, 2013-2020 (Kilotons & $Million)
Table 12 Market Size in Lubes, 2013-2020 (Kilotons & $Million)
Table 13 OXO Alcohols Market Size in Resins, 2013-2020 (Kilotons & $Million)
Table 14 Market Size in Solvents, 2013-2020 (Kilotons & $Million)
Table 15 OXO Alcohols Market Size in Plasticizers,2012-2019 (Kilotons & $Million)
Table 16 Market Size in Other Applications, 2013-2020 (Kilotons & $Million)
Table 17 OXO Alcohols Market Size, By Region, 2013-2020 (Kilotons)
Table 18 Market Size, By Region, 2013-2020 ($Million)
Table 19 North America: OXO Alcohols Market Size, By Country,2013-2020 (Kilotons)
Table 20 North America: Market Size, By Country,2013-2020 ($Million)
Table 21 North America: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 22 North America: Market Size, By Type, 2013-2020 ($Million)
Table 23 North America: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 24 North America: Market Size, By Application, 2013-2020 ($Million)
Table 25 U.S.: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 26 U.S.: Market Size, By Type, 2013-2020 ($Million)
Table 27 U.S.: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 28 U.S.: Market Size, By Application, 2013-2020 ($Million)
Table 29 Rest of North America: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 30 Rest of North America: Market Size, By Type, 2013-2020 ($Million)
Table 31 Rest of North America: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 32 Rest of North America: Market Size, By Application, 2013-2020 ($Million)
Table 33 Europe: OXO Alcohols Market Size, By Country, 2013-2020 (Kilotons)
Table 34 Europe: Market Size, By Country, 2013-2020 ($Million)
Table 35 Europe: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 36 Europe: Market Size, By Type, 2013-2020 ($Million)
Table 37 Europe: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 38 Europe: Market Size, By Application, 2013-2020 ($Million)
Table 39 Germany: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 40 Germany: Market Size, By Type, 2013-2020 ($Million)
Table 41 Germany: OXO Alcohols Market Size, By Application,2013-2020 (Kilotons)
Table 42 Germany: Market Size, By Application,2013-2020 ($Million)
Table 43 France: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 44 France: Market Size, By Type, 2013-2020 ($Million)
Table 45 France: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 46 France: Market Size, By Application, 2013-2020 ($Million)
Table 47 U.K.: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 48 U.K.: Market Size, By Type, 2013-2020 ($Million)
Table 49 U.K.: OXO Alcohols Market Size, By Application, 2013-2020 (Kilotons)
Table 50 U.K.: Market Size, By Application, 2013-2020 ($Million)
Table 51 Other Europe: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 52 Other Europe: Market Size, By Type, 2013-2020 ($Million)
Table 53 Other Europe: Market Size, By Application,2013-2020 (Kilotons)
Table 54 Other Europe: Market Size, By Application,2013-2020 ($Million)
Table 55 Asia-Pacific: OXO Alcohols Market Size, By Country,2013-2020 (Kilotons)
Table 56 Asia-Pacific: Market Size, By Country, 2013-2020 ($Million)
Table 57 Asia-Pacific: Market Size, By Type, 2013-2020 (Kilotons)
Table 58 Asia-Pacific: Market Size, By Type, 2013-2020 ($Million)
Table 59 Asia-Pacific: Market Size, By Application,2013-2020 (Kilotons)
Table 60 Asia-Pacific: Market Size, By Application,2013-2020 ($Million)
Table 61 China: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 62 China: Market Size, By Type, 2013-2020 ($Million)
Table 63 China: Market Size, By Application, 2013-2020 (Kilotons)
Table 64 China: Market Size, By Application, 2013-2020 ($Million)
Table 65 Japan: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 66 Japan: Market Size, By Type, 2013-2020 ($Million)
Table 67 Japan:Market Size, By Application, 2013-2020 (Kilotons)
Table 68 Japan: Market Size, By Application, 2013-2020 ($Million)
Table 69 India: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 70 India: Market Size, By Type, 2013-2020 ($Million)
Table 71 India: Market Size, By Application, 2013-2020 (Kilotons)
Table 72 India: Market Size, By Application, 2013-2020 ($Million)
Table 73 South Korea: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 74 South Korea: Market Size, By Type, 2013-2020 ($Million)
Table 75 South Korea: Market Size, By Application,2013-2020 (Kilotons)
Table 76 South Korea: Market Size, By Application,2013-2020 ($Million)
Table 77 Other Asia-Pacific: OXO Alcohols Market Size, By Type,2013-2020 (Kilotons)
Table 78 Other Asia-Pacific: Market Size, By Type,2013-2020 ($Million)
Table 79 Other Asia-Pacific: Market Size, By Application, 2013-2020 (Kilotons)
Table 80 Other Asia-Pacific: Market Size, By Application, 2013-2020 ($Million)
Table 81 RoW: OXO Alcohols Market Size, By Country, 2013-2020 (Kilotons)
Table 82 RoW: Market Size, By Country, 2013-2020 ($Million)
Table 83 RoW: Market Size, By Type, 2013-2020 (Kilotons)
Table 84 RoW: Market Size, By Type, 2013-2020 ($Million)
Table 85 RoW: Market Size, By Application, 2013-2020 (Kilotons)
Table 86 RoW: Market Size, By Application, 2013-2020 ($Million)
Table 87 Middle East & Africa: OXO Alcohols Market Size, By Type,2013-2020 (Kilotons)
Table 88 Middle East & Africa: Market Size, By Type,2013-2020 ($Million)
Table 89 Middle East & Africa: Market Size, By Application, 2013-2020 (Kilotons)
Table 90 Middle East & Africa: Market Size, By Application, 2013-2020 ($Million)
Table 91 South America: OXO Alcohols Market Size, By Type, 2013-2020 (Kilotons)
Table 92 South America: Market Size, By Type, 2013-2020 ($Million)
Table 93 South America: Market Size, By Application, 2013-2020 (Kilotons)
Table 94 South America: Market Size, By Application, 2013-2020 ($Million)
Table 95 Expansions, 2011-2014
Table 96 New Product Development, 2011-2014
Table 97 Agreement, 2011-2014
Table 98 Merger & Acquisition, 2011-2014
Table 99 Joint Ventures, 2011-2014
List of Figures (48 Figures)
Figure 1 Research Methodology
Figure 2 Break Down of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation: OXO Alcohols Market
Figure 6 OXO Alcohols Market Size, By Type, 2015 vs. 2020 (Kilotons)
Figure 7 Asia-Pacific Led the OXO Alcohols Market in Terms of Volume (2014)
Figure 8 OXO Alcohols Market Size, 2015 vs. 2020 ($Million)
Figure 9 Top Countries and Applications for OXO Alcohols in Asia-Pacific(2015-2020)
Figure 10 Asia-Pacific to Lead the Market for OXO Alcohols During the Forecast Period
Figure 11 OXO Alcohols Market Segmentation, By Type
Figure 12 OXO Alcohols Market Segmentation, By Application
Figure 13 OXO Alcohols Market Segmentation, By Region
Figure 14 Market Dynamics
Figure 15 Value Chain: OXO Alcohols Manufacturers & Distributors Act as A Bridge
Figure 16 Porter’s Five Forces Analysis
Figure 17 N-Butanol is the Largest Segment, Followed By 2-Eh
Figure 18 Asia-Pacific is the Largest & Fastest-Growing Market for N-Butanol
Figure 19 2-Eh Market is Dominated By Asia-Pacific
Figure 20 Asia-Pacific is Leading in Terms of Consumption of ISO Butanol
Figure 21 Asia-Pacific is Fastest-Growing and Leading Market in Terms of Consumption of Other OXO Alcohols, 2015-2020
Figure 22 Asia Pacific is the Fastest-Growing Market for OXO Alcohols in Acrylates Industry
Figure 23 Asia-Pacific is the Fastest-Growing Market for OXO Alcohols in Glycol Ethers
Figure 24 Asia Pacific Dominates the OXO Alcohols Market in Acetates Application
Figure 25 Asia-Pacific is the Fastest-Growing Market for Use of OXO Alcohols in Lubes
Figure 26 Asia-Pacific is the Largest Consumer of OXO Alcohols in Resins Application
Figure 27 Asia-Pacific has the Largest Consumption of OXO Alcohols in Solvents
Figure 28 Asia-Pacific is the Largest Consumer of OXO Alcohols in Plasticizers
Figure 29 Asia-Pacific is the Largest Consumer of OXO Alcohols in Other Applications
Figure 30 Regional Snapshot – Rapid Growth Markets are Emerging as New Hotspots
Figure 31 Acrylates and Plasticizers Dominate the Consumption of OXO Alcohols in the U.S.
Figure 32 European Market Snapshot: Germany is Leading the Consumption of OXO Alcohols in Acrylates, Glycol Ethers and Plasticizers- 2014
Figure 33 Asia-Pacific Snapshot: China Dominates the Consumption in the Region
Figure 34 Asia-Pacific: Country-Wise Consumption in Acrylates, Glycol Ethers, and Plasticizers
Figure 35 Companies Adopted Capacity Expansion as the Key Growth Strategy
Figure 36 Major Growth Strategies in Global OXO Alcohols Market, 2011 – 2014
Figure 37 Developments in Global OXO-Alcohols Market, 2011-2014
Figure 38 Regional Revenue Mix of Top 5 Market Players
Figure 39 The DOW Chemical Company: Company Snapshot
Figure 40 BASF: Company Snapshot
Figure 41 Exxonmobil Chemical Company: Company Snapshot
Figure 42 Eastman: Company Snapshot
Figure 43 Evonik: Company Snapshot
Figure 44 The Andhra Petrochemicals Limited: Company Snapshot
Figure 45 Oxea GmbH: Company Snapshot
Figure 46 Ineos: Company Snapshot
Figure 47 LG Chem: Company Snapshot
Figure 48 BAX Chemicals: Company Snapshot
Growth opportunities and latent adjacency in Oxo Alcohols Market