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Oxo-octyl Acetate Market Trends

Report ID: GMI6698
Published Date: Sep 2023
Report Format: PDF

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Oxo-octyl Acetate Market Trends

The trend towards sustainability and green chemistry has influenced the chemical industry, including solvents like oxo-octyl acetate. There's an increasing focus on developing environmentally friendly alternatives and reducing the environmental impact of chemical processes. Regulatory requirements related to environmental and health concerns are shaping the choice of solvents used in various applications. Oxo-octyl acetate's compliance with regulations or its role in meeting volatile organic compounds (VOC) restrictions could drive its adoption.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Oxo-octyl acetate industry size was worth USD 1.4 billion in 2022 and is estimated to reach USD 2.1 billion by 2032 driven by increasing usage of cleaning solutions to dissolve oils, greases, and contaminants.

Oxo-octyl acetate industry from the paint and coatings end-use segment is anticipated to expand at 3.4% CAGR from 2023-2032 attributed to growing usage in dissolving and dispersing pigments, resins, and additives in paint formulations.

U.S. oxo-octyl acetate industry size was USD 585 million in 2022 and is anticipated to expand significantly through 2032 owing to the increasing demand from the well-established paints and coatings sector of the region.

Some leading oxo-octyl acetate industry players are Eastman Chemical Company, BASF SE, ExxonMobil Chemical, Evonik Industries AG, Dow Chemical Company, Shell Chemicals, LyondellBasell Industries, and SABIC