Isooctyl alcohol Market Size

Isooctyl Alcohol Market size is poised to reach USD 5.5 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of isooctyl alcohol was USD 3.5 Billion. The market of isooctyl alcohol is thriving on the back of the increasing demand for the production of plasticizers in various sectors. Furthermore, plasticizers are largely responsible for the flexibility and durability of polyvinyl chloride (PVC) products, for example, pipes, wires & cables, resilient flooring, and roofing membranes. Therefore, the production of PVC products is also projected to grow due to growing construction activities. According to the World Bank, the expansion of urban land consumption outpaces population growth by 50%, at this pace it is expected to add 1.5 million sq km of new built-up area to the world. Thus, indirectly boosting the growth of the industry.

Additionally, the increasing demand in the paints and coating sector is expected to grow the market. As isooctyl alcohol is a versatile chemical making it an excellent solvent. Its demand in the paint and coating sector for manufacturing synthetic drying oils, which are used as vehicles in paints and varnishes is likely to spur the growth of the isooctyl alcohol market in the forecast period.