Oxo Alcohols Market Size

Oxo Alcohols Market size was over USD 15.68 billion in 2024 and is anticipated to reach USD 29.94 billion by the end of 2037, growing at around 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of oxo alcohols is assessed at USD 16.32 billion. The reason behind the growth is impelled by the growing chemical industry across the globe. The chemical industry saw significant expansion on a global scale as the chemical industry products are used in nearly every sector of the global economy, including textiles, fertilizers, detergents, pharmaceuticals, and packaging.

According to estimates, the global chemical industry generated more than USD 5 trillion in revenue in 2022.

The growing popularity of bio-based oxo alcohols is believed to fuel the market growth. The creation and use of bio-based oxo alcohols are one of the most recent developments in the oxo alcohols market since an increasing number of people are interested in bio-based oxo alcohols which come from renewable sources, such as plant oils, and are thought to be a more environmentally friendly option than conventional oxo alcohols.