World - Octanol (Octyl Alcohol) And Isomers Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOctyl Alcohol Market
The global octanol market is projected to see an increase in consumption with a forecasted CAGR of +4.5% for the period from 2022 to 2030. The market volume is expected to reach 9.3M tons by the end of 2030 with a market value of $16.8B. Key insights include China being the largest consumer of octyl alcohol, while Turkey saw the highest growth rate in market size among main consuming countries. The top importers of octanol include Turkey and China, while Saudi Arabia, Germany, and the United States were the top exporters. Prices varied among major importing and exporting countries, with the Netherlands having the highest export price in 2022.
Market Forecast
Driven by increasing demand for octanol (octyl alcohol) and isomers thereof worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market volume to 9.3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.9% for the period from 2022 to 2030, which is projected to bring the market value to $16.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Octanol (Octyl Alcohol) And Isomers Thereof
In 2022, consumption of octanol (octyl alcohol) and isomers thereof decreased by less than 0.1% to 6.5M tons, falling for the second year in a row after nine years of growth. In general, the total consumption indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2020 indices. Global consumption peaked at 6.6M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
The global octyl alcohol market value shrank to $9.8B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.5% against 2012 indices. Over the period under review, the global market attained the peak level at $9.9B in 2021, and then contracted slightly in the following year.
Consumption By Country
The country with the largest volume of octyl alcohol consumption was China (1.3M tons), comprising approx. 20% of total volume. Moreover, octyl alcohol consumption in China exceeded the figures recorded by the second-largest consumer, the United States (622K tons), twofold. The third position in this ranking was taken by India (551K tons), with an 8.5% share.
In China, octyl alcohol consumption increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+6.8% per year) and India (+7.1% per year).
In value terms, the largest octyl alcohol markets worldwide were China ($1.6B), India ($1.5B) and the United States ($691M), with a combined 38% share of the global market. Turkey, Brazil, Germany, Indonesia, Russia, Japan, the UK, Italy, Iran and France lagged somewhat behind, together comprising a further 27%.
Turkey, with a CAGR of +10.9%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of octyl alcohol per capita consumption in 2022 were Germany (3.9 kg per person), Turkey (2.7 kg per person) and France (2.4 kg per person).
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +9.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Octanol (Octyl Alcohol) And Isomers Thereof
In 2022, the amount of octanol (octyl alcohol) and isomers thereof produced worldwide was estimated at 6.4M tons, remaining constant against the previous year's figure. Overall, the total production indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 16%. Over the period under review, global production attained the maximum volume at 6.4M tons in 2020; afterwards, it flattened through to 2022.
In value terms, octyl alcohol production reduced to $8.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. Global production peaked at $9.5B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (1.2M tons), the United States (688K tons) and India (511K tons), together accounting for 37% of global production. Germany, Indonesia, Russia, Japan, Brazil, Saudi Arabia, France, the UK, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 37%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the Netherlands (with a CAGR of +22.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Octanol (Octyl Alcohol) And Isomers Thereof
In 2022, after two years of growth, there was significant decline in supplies from abroad of octanol (octyl alcohol) and isomers thereof, when their volume decreased by -12.2% to 1M tons. Over the period under review, imports saw a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of 10%. Over the period under review, global imports reached the maximum at 1.2M tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
In value terms, octyl alcohol imports fell to $1.9B in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 85%. As a result, imports attained the peak of $2B, and then dropped in the following year.
Imports By Country
Turkey (187K tons) and China (161K tons) were the key importers of octanol (octyl alcohol) and isomers thereof in 2022, amounting to approx. 18% and 15% of total imports, respectively. It was distantly followed by Belgium (96K tons) and the United States (59K tons), together achieving a 15% share of total imports. The following importers - India (42K tons), Mexico (41K tons), Vietnam (38K tons), France (36K tons), Italy (35K tons), Brazil (35K tons), South Korea (34K tons), Pakistan (32K tons) and Germany (21K tons) - together made up 30% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of +80.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest octyl alcohol importing markets worldwide were Turkey ($335M), China ($252M) and Belgium ($151M), with a combined 40% share of global imports. The United States, Mexico, France, Italy, India, South Korea, Vietnam, Brazil, Pakistan and Germany lagged somewhat behind, together accounting for a further 37%.
In terms of the main importing countries, Brazil, with a CAGR of +71.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average octyl alcohol import price amounted to $1,791 per ton, with an increase of 5.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 81%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($2,192 per ton) and Germany ($2,178 per ton), while Brazil ($1,519 per ton) and Vietnam ($1,531 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Octanol (Octyl Alcohol) And Isomers Thereof
In 2022, overseas shipments of octanol (octyl alcohol) and isomers thereof decreased by -10.4% to 984K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 11%. The global exports peaked at 1.1M tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
In value terms, octyl alcohol exports dropped to $1.7B in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 84%. As a result, the exports attained the peak of $1.9B, and then dropped in the following year.
Exports By Country
The shipments of the eleven major exporters of octanol (octyl alcohol) and isomers thereof, namely Saudi Arabia, Germany, the United States, Indonesia, South Korea, Taiwan (Chinese), China, the Netherlands, Belgium, France and Malaysia, represented more than two-thirds of total export.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of +102.7%), while the other global leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($284M), Germany ($263M) and the United States ($210M) constituted the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. Indonesia, the Netherlands, South Korea, China, Taiwan (Chinese), Belgium, France and Malaysia lagged somewhat behind, together comprising a further 50%.
In terms of the main exporting countries, France, with a CAGR of +90.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average octyl alcohol export price stood at $1,729 per ton in 2022, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 67% against the previous year. As a result, the export price reached the peak level of $1,755 per ton, and then declined slightly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,157 per ton), while Taiwan (Chinese) ($1,367 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global octyl alcohol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142263 - Octanol (octyl alcohol) and isomers thereof
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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