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The Oxo Alcohol market is a segment of the chemicals industry that produces a range of alcohols, such as 2-ethylhexanol, n-butanol, and iso-butanol. These alcohols are used in a variety of applications, including solvents, plasticizers, and surfactants. Oxo Alcohols are produced through a process known as Oxo Synthesis, which involves the reaction of an olefin with a hydroformylation catalyst. This process is used to produce a range of alcohols with different chain lengths and functional groups.
The Oxo Alcohol market is driven by the increasing demand for chemicals in various industries, such as automotive, pharmaceuticals, and cosmetics. The market is also influenced by the availability of raw materials, such as olefins, and the cost of production.
Some of the major companies in the Oxo Alcohol market include BASF, Shell, ExxonMobil, and Cepsa. Other companies include LyondellBasell, INEOS, and Total. Show Less Read more