The global Oxo chemical market was valued at US$15.063 billion in 2018 and is expected to grow at a CAGR of 5.01% over the forecast period to reach a total market size of US$20.195 billion in 2024. Oxo chemicals are the intermediate and derivative chemical compounds that are used widely in the chemical and manufacturing processes of paints, plasticizers, coatings, adhesives, and lubricants. The growth of this market is being driven by the rapid growth of industries like chemical and oil and gas across the globe. Rising investments by major players across these industries into research and development and expansion of production facilities are driving with it the demand for oxo-chemicals among them, thus fuelling the growth of the market. As industrial activity continues to increase and sectors aligned to these chemicals continue to show a continuous increase in demand for these chemicals, solid growth of this market is expected over the projected period. Asia Pacific holds a significantly large share in this market on account of huge investments by major players across aligned industries into this region. North America and Europe also hold a significant share in the market and the market growth in these regions will continue to be supported by state-of-the-art R&D infrastructure in these regions.
The “Oxo Chemical Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by application and geography.
The oxo chemical market has been segmented based on application and geography. By application, the market is segmented as paints & coatings, adhesives, lubricants, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the oxo chemical market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the oxo chemical market.