Oxo Alcohols Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Oxo Alcohols Market in 2025 is evaluated at USD 16.34 billion. The global Market size exceeded USD 15.68 billion in 2024 and is set to expand at a CAGR of over 5.3%, surpassing USD 30.68 billion revenue by 2037. Asia Pacific is likely to reach USD 15.03 billion by 2037, fueled by growing agriculture industry, particularly in India and China, where oxo alcohols are used for crop protection and pesticides.
The reason behind the growth is impelled by the growing chemical industry across the globe. The chemical industry saw significant expansion on a global scale as the chemical industry products are used in nearly every sector of the global economy, including textiles, fertilizers, detergents, pharmaceuticals, and packaging.
According to estimates, the global chemical industry generated more than USD 5 trillion in revenue in 2022.
The growing popularity of bio-based oxo alcohols is believed to fuel the market growth. The creation and use of bio-based oxo alcohols are one of the most recent developments in the oxo alcohols market since an increasing number of people are interested in bio-based oxo alcohols which come from renewable sources, such as plant oils, and are thought to be a more environmentally friendly option than conventional oxo alcohols.
