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Oxo Alcohol Market

Oxo Alcohol Market

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Oxo Alcohol Market

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  1. Oxo Alcohol Market Competitive Landscape, Oxo Alcohol Market Competitive Landscape, Global Opportunity Analysis and Industry Forecast, 2023 Opportunity Analysis and Industry Forecast, 2023- - 2032 2032 Global The report published by Reports Insights reveals that the oxo alcohol market was worth USD 18.38 Billion in 2022 and is projected to reach USD 28.27 Billion by 2030, with a CAGR of 4.9%. Oxo alcohols are widely used in various end-use industries, including paints and coatings, adhesives, and chemical intermediates. The rising construction activities and increasing automotive production are also contributing to the market growth. Request Sample Report : https://www.alliedmarketresearch.com/request-toc-and-sample/875 Oxo alcohol is a type of chemical that is produced through the oxo process, oxo process is a chemical reaction between an olefin (a type of hydrocarbon), carbon monoxide (CO), and hydrogen (H2) in the presence of a catalyst. The result of the reaction is an alcohol with a specific molecular structure that is modified to produce various types of alcohol and other derivatives. Oxo alcohol chemical is a compound of n-butanol, isobutyraledehyde and iso-Butanol. It is used in a wide range of applications as a adhesives, solvent, and paint & coating in numerous end-use industries. Furthermore, oxo alcohols are deployed as a solvent for numerous applications such as extractants in the production of drugs, printing inks, and as a solubilizer in the textile industry. Additionally, the growing construction industry contributed to the growth of the oxo alcohols market. Oxo alcohols are utilized in the production of paints and coatings owing to their various high-performance characteristics such as good adhesion, flexibility, and lower emissions. For instance, according to Statista, in 2021, the global paint and coatings industry accounted for approximately USD 160 billion and is projected to reach around USD 235 billion by 2029. Therefore, the rising demand for paints and coatings in commercial and residential buildings, transportation, and other infrastructure has boosted the construction industry, in turn, surging the growth of the oxo alcohols market. However, the volatility in the prices of raw materials such as propylene and n-butene is likely to hinder market growth.

  2. Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/875 Furthermore, the increasing concern regarding sustainability is surging the demand for green chemicals. Various manufacturers are focusing in the production of environment-friendly chemicals. For instance, Perstorp Group is evolving the oxo-market by introducing a portfolio that includes oxo aldehydes and alcohols made from renewable materials including biogas. Therefore, the development of bio-based oxo alcohols from renewable feedstock waste biomass and vegetable oils is expected to offer significant opportunity to the oxo alcohol market. Request For Customization/Enquiry: https://www.alliedmarketresearch.com/request-for-customization/875 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

  3. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | LinkedIn | YouTube

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