Global Oxo Alcohols Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

N-Butanol, 2-Ethylhexanol, Iso-Butanol, and Others.

By Application;

Plasticizers, Acrylate, Acetate, Glycol Ether, Solvents, Adhesives, Lube Oil Additives, and Others.

By End-use Industry;

Transportation (Automotive, Aerospace & Defense, Marine and Railways), Building & Construction (Residential, Commercial, Infrastructure and Others), Healthcare, Electric & Electronics, Food & Beverages, Agriculture, Textiles, Beauty & Personal Care, Oil & Gas, Mining, Consumer Goods, Industrial, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn407499700 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Oxo Alcohols Market (USD Million), 2021 - 2031

In the year 2024, the Global Oxo Alcohols Market was valued at USD 15,225.63 million. The size of this market is expected to increase to USD 21,281.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global oxo alcohols market has witnessed significant growth over the past few decades, driven by increasing demand for industrial chemicals, automotive products, and consumer goods. Oxo alcohols, also known as oxo-alcohols or hydroformylation alcohols, are a class of chemicals produced through the hydroformylation process. They play a crucial role in the production of a wide range of products such as plasticizers, solvents, detergents, and personal care items. The versatile nature of these alcohols, along with their ability to act as intermediates in various chemical processes, has led to their widespread adoption in multiple industries, including automotive, construction, and textiles.

The demand for oxo alcohols is closely tied to the performance of end-use sectors, particularly in emerging economies where industrialization and urbanization are on the rise. The growth of the automotive and construction industries, along with an increasing preference for high-performance plastics, is expected to fuel the demand for these chemicals. Moreover, the shift toward environmentally sustainable and safer chemical alternatives has opened new avenues for innovation in the production of oxo alcohols. As industries focus on reducing their environmental footprint, the demand for bio-based and green oxo alcohols is expected to witness an uptick.

Technological advancements in the production processes, such as the development of more efficient and cost-effective catalysts, have played a key role in enhancing the overall market landscape. Companies are investing in research and development to improve production efficiency, reduce waste, and minimize the consumption of raw materials. The rising need for high-quality, versatile products has spurred innovation in the oxo alcohols market, resulting in the introduction of new grades and formulations to meet specific customer requirements. As industries continue to evolve, the market for oxo alcohols is expected to become more competitive, with manufacturers striving to offer differentiated products.

Geographically, the global oxo alcohols market is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominates the market due to the rapid industrialization and robust growth in countries such as China and India. In these regions, the demand for oxo alcohols is primarily driven by the thriving automotive, construction, and textile industries. On the other hand, North America and Europe are expected to experience steady growth, supported by the increasing adoption of sustainable chemical solutions and regulatory frameworks focusing on green chemistry. The global oxo alcohols market is poised for further expansion, with a positive outlook in the coming years driven by technological advancements and shifting consumer preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-use Industry
    4. Market Snapshot, By Region
  4. Global Oxo Alcohols Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for plastics and coatings
        2. Growth in automotive and construction industries
        3. Expanding applications in personal care and pharmaceuticals
      2. Restraints
        1. Stringent environmental regulations and policies
        2. Volatility in raw material prices
        3. Health and safety concerns related to chemical exposure
      3. Opportunities
        1. Development of bio-based oxo alcohols
        2. Expanding applications in renewable energy sectors
        3. Growth of the Asia-Pacific region as a key manufacturing hub
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Oxo Alcohols Market, By Product, 2021 - 2031 (USD Million)
      1. N-Butanol
      2. 2-Ethylhexanol
      3. Iso-Butanol
      4. Others
    2. Global Oxo Alcohols Market, By Application, 2021 - 2031 (USD Million)
      1. Plasticizers
      2. Acrylate
      3. Acetate
      4. Glycol Ether
      5. Solvents
      6. Adhesives
      7. Lube Oil Additives
      8. Others
    3. Global Oxo Alcohols Market, By End-use Industry, 2021 - 2031 (USD Million)
      1. Transportation-
        1. Automotive
        2. Aerospace & Defense
        3. Marine
        4. Railways
      2. Building & Construction-
        1. Residential
        2. Commercial
        3. Infrastructure
        4. Others
      3. Healthcare
      4. Electric & Electronics
      5. Food & Beverages
      6. Agriculture
      7. Textiles
      8. Beauty & Personal Care
      9. Oil & Gas
      10. Mining
      11. Consumer Goods
      12. Industrial
      13. Others
    4. Global Oxo Alcohols Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. LG Chem
      2. Dow Chemical
      3. Evonik
      4. BASF
      5. DowDuPont
      6. Eastman Chemical
      7. Andhra Petrochemicals
      8. ExxonMobil
  7. Analyst Views
  8. Future Outlook of the Market