Global Oxo alcohols Market Share

Global Oxo alcohols Market Share

The oxo alcohols industry is competitive and includes various players such as :

• LG Chem
• Grupa Azoty ZAK S.A
• The Dow Chemical Company
• OXEA GmbH
• Evonik Industries
• Perstorp Group
• BASF
• Sasol
• Hanwha Chemical Corporation
• Eastman Chemical
• Elekeiroz
• Andhra Petrochemicals
• Bax Chemicals
• Exxon Mobil Corporation

The companies are focusing on expansion strategy by increasing their production capacity. This factor is helping them to meet the demand-supply gap and sustain in the market.
 

Moreover, the companies are also focusing on expanding their manufacturing plants toward Southeast Asian countries as this will lower their production cost and increase the profit margin. Furthermore, it will also help to avoid strict environmental protection regulations from North America and Europe without compromising on their business.