European Oxo Alcohols Market size is predicted to cross USD 6.5 billion by 2026, according to a latest forecast report by Graphical Research.
Rising demand for plasticizers in construction industry should be a key growth propelling factor for the Europe market. Increase in demand for plasticizers has boosted the utilization of oxo alcohols in producing plasticizers. Further, rising consumption of cleaners, polishers, and dehydrating agents for industrial applications is expected to create new avenues for the market expansion.
The 2-ethylhexanol segment accounted more than USD 2 billion revenue in 2019. 2-Ethylhexanol is a chiral alcohol with eight carbons and is used in various applications such as solvents and flavors. It is mainly utilized in production of chemicals such as plasticizers and emollients. 2-Ethylhexanol is primarily utilized in production of a plasticizer, diester bis(2-ethylhexyl) phthalate (DEHP).
Commercially, 2-ethylhexanol is produced by aldol condensation of n-butyraldehyde, which undergoes hydrogenation. 2-Ethylhexanol is also applicable in rubber processing and oil and gas extraction, owing to its low volatility. It can also be utilized for production of glycidyl ether, which is applicable as diluent in a wide range of coatings and sealants applications. Use of plasticizers and acrylate in construction and automotive industry has increased in recent years owing to expanding real estate and automotive production in Europe.
Plasticizers are added to chemicals for enhancing the flexibility and increasing plasticity of the product by decreasing the viscosity. Plasticizers are generally added to raw materials used in plastics and rubber during processing and material handling. Plasticizers are also mixed with concrete formulations for making concrete mixture more workable and reduce water content in concrete formulations.
Browse detailed statistical insights from the report, “Europe Oxo Alcohols Market Size By Application (Plasticizers, Acrylate, Acetate, Glycol Ether, Solvents, Adhesives, Lube Oil Additive), By Product (N-Butanol, 2-Ethylhexanol, Iso-Butanol, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
Oxo alcohols such as N-butanol and 2-ethylhexanol are used as chemical intermediate in production of plasticizers such as dibutyl phthalate and butylamines. The use of oxo alcohols should proliferate in years ahead owing to rising demand for plasticizers for industrial applications.
Majority of the plasticizers produced in European countries is consumed in flexible PVC applications for providing flexibility and elasticity to PVC, which is mainly used in construction applications such as sheathing, roofing membranes, flooring, and coverings. Growing utilization of plasticizers in production and processing of PVC should propel the demand for oxo alcohols as chemical intermediate in plasticizer.
The growth in the Germany oxo alcohols market is attributable to rising demand for coatings, adhesives, sealants, and paints from construction industry. The revenue generated by specialized construction activities in Germany has increased from USD 195 billion in 2016 to USD 220 billion by 2019. Such rise in the construction activities has propelled the demand for plasticizers, acrylate, acetate, and glycol ether. Increase in the demand for chemicals and solvents in Germany should accelerate the utilization of oxo alcohols as solvent and chemical intermediate.
Major players in the market include Dow Chemical Company, BASF Petronas, The Perstorp Group, Exxon Mobil Corporation, Evonik Industries, Eastman Chemical, OXEA GmbH, Zaklady Azotowe Kedzierzyn, and Bax Chemicals B.V.
The European oxo alcohols market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2015 to 2026, for the following segments:
Europe Market, By Application
- Glycol Ether
- Lube Oil Additives
Europe Market, By Product
The above information has been provided for the following countries: