Oxo Alcohols Market Size & Share, by Type (N-Butanol, ISO Butanol, 2-Ethylhexanol, Isononyl Alcohol, Isodecyl Alcohol); Application (Acrylates, Glycol Ethers, Acetates, Lube Oil Additives, Resins, Solvents, Plasticizers); End-user (Paint, Ink, Textile, Chemical, Pharmaceutical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3986
  • Published Date: May 23, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Oxo Alcohols Market size is expected to cross USD 34 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of oxo alcohols was USD 19 Billion. The market growth is impelled by the increasing adoption of sustainable alcohols across the world owing to the rising awareness regarding eco-friendly products produced from natural resources.

Additionally, the use of oxo alcohols in the manufacturing of personal care products provides a lucrative opportunity for the market. The rising preference for environmentally safe, biodegradable, and renewable products contributes to the market expansion.

Oxo Alcohols Market (1)
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Oxo Alcohols Market: Key Insights

Base Year


Forecast Year



~ 5%

Base Year Market Size (2022)

~ USD 19 Billion

Forecast Year Market Size (2035)

~ USD 34 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Oxo Alcohols Sector: Growth Drivers and Challenges


Growth Drivers

  • Increasing Usage of Plasticizers in End-User Sectors – The rise in applications of plastic in packaging, electrical and electronics sector will propel the market demand. These plasticizers are a type of oxo alcohol that is made of propylene, acetylene, and ethylene. The consumption of plasticizers was more than 7 million tons across the world per annum.
  • Growing Use of Polyvinyl Chloride (PVC) Products in the Construction Sector – PVC is used in the construction sector for the manufacturing of pipes, fittings, films, wires, cables, sheets, and bottles.
  • Rising use of Paints and Coatings across the World for Various Purposes – Increasing usage of paints & coatings made from oxo alcohols in the automotive, aerospace, marine, and construction sectors will drive the oxo alcohols market revenue.
  • Increasing Applications in the Agriculture Landscape – Oxo alcohol is used as a solvent or chemical intermediate for the production of other agrochemical solutions.


  • Fluctuating Prices of Raw Materials Used in Oxo Alcohol Manufacturing – The rapid change in the prices of raw materials used in oxo alcohol preparation such as derivatives and crude oil is anticipated to hinder the market growth. The growing demand for oxo alcohols and the limited supply chain owing to various reasons including COVID-19 and government regulations are fluctuating the market prices.
  • Strict Environmental Regulations
  • Negative Influence of phthalates

Oxo Alcohols Segmentation

Type (N-Butanol, ISO Butanol, 2-Ethylhexanol, Isononyl Alcohol, Isodecyl Alcohol)

The 2-ethylhexanol segment is predicted to dominate the oxo alcohols market share in the coming years. The increasing utilization of oxo alcohols in the production of 2-ethylhexanol which is used as solvents, flavor, and fragrances will boost the segment growth. The growing use of 2-ethyl hexanol for manufacturing plasticizers and lubricants to reduce viscosity will hike the market demand.

End-User (Paint and Ink, Textile, Chemical, Pharmaceutical)

The paint and ink segment will observe substantial growth rate through 2035. The use of oxo alcohols in paint manufacturing augments the growth of the segment.  

The use of paints and inks in the automobile industry is another reason for the growth. Also, the increasing use of printing inks in the food and beverages industry will propel the market revenue.

Our in-depth analysis of the global market includes the following segments:


  • N-Butanol
  • ISO Butanol
  • 2-Ethylhexanol
  • Isononyl Alcohol
  • Isodecyl Alcohol
  • Others


  • Acrylates
  • Glycol Ethers
  • Acetates
  • Lube Oil Additives
  • Resins
  • Solvents
  • Plasticizers
  • Others


  • Paint and Ink
  • Textile
  • Chemical
  • Pharmaceutical
  • Others

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Oxo Alcohols Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific region is estimated to account for a significant oxo alcohols market share till 2035. The escalating production of drugs, polishers, ethers, cleaners, and other chemicals due to the rising chemical industry in the region will fuel the market expansion. The chemical industry in Asia accounted for more than 55% share of the revenue generated by the global chemical industry. 

The increasing inclination of people towards oxo alcohol usage in Japan and China will propel the market value. The need for less greenhouse gas emissions increased the use of 2-ethyl hexanol as it helps to reduce emissions which increases fuel performance, eventually boosting the market size.

North American Market Forecast

A revenue share of about 28% is envisioned for the oxo alcohols market in the North American region. This is owing to the increasing demand for lubricants. The lubricants are used in the automobile sector and other industries such as aviation, marine, and mining lubricants to lubricate the machinery.

Increasing the use of cosmetic products in the region to enhance personal grooming standards with the presence of a noteworthy beauty industry is also stated to drive market revenue.

Research Nester
Oxo Alcohols Market Size
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Companies dominating the Oxo Alcohols Landscape

    • LG Chem Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Gulf Chemicals and Industrial Oils Co.
    • Royal Dutch Shell Plc.
    • SK Global Chemical Co., Ltd.
    • Bax Chemicals B.V.
    • LyondellBasell Industries Holdings B.V.
    • Andhra Petrochemicals Ltd.
    • DuPont de Nemours, Inc.
    • The Dow Chemical Company
    • PPG Industries, Inc.


In The News

May 2023: DuPont de Nemours, Inc. acquired Spectrum Plastics Group from AEA Investors with a purchase price of USD 1.75 billion which was expected to be paid in cash balance by the end of the third quarter of 2023. Spectrum is a leading manufacturer of specialty medical devices, and components in popular therapeutic areas including structural heart, surgical robotics, cardiovascular, and electrophysiology.

October 2021: Dow Chemical Company signed an agreement with Gunvor Group Ltd. to produce circular plastics for customers, by adopting advanced recycling technologies. The agreement was an effort to reduce plastic waste and decrease greenhouse gas emissions across the world.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 3986
  • Published Date: May 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing application of oxo alcohol for manufacturing chemicals and increasing usage in personal care products are the major factors driving the market growth.

The market size of oxo alcohols is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

Fluctuating prices of raw materials and negative trends on phthalates are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Gulf Chemicals and Industrial Oils Co., Royal Dutch Shell Plc., SK Global Chemical Co., Ltd., Bax Chemicals B.V., LyondellBasell Industries Holdings B.V., Andhra Petrochemicals Ltd., DuPont de Nemours, Inc., The Dow Chemical Company, and PPG Industries, Inc.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user, and by region.

The 2-ethylhexanol segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Oxo Alcohols Market Report Scope

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