Oxo-alcohols
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Discover the factors influencing oxo-alcohols markets
Key drivers for oxo-chemicals markets include the construction, appliance, automotive, and paints and coatings industries. US oxo-alcohols demand is also driven by the demand for medical devices and packaging materials. The market is vulnerable to decreased industrial activity and demand especially from the automotive industry and construction. This leads to overstocks and slow-downs in global economic growth.
Such pressures can affect contract pricing and profit margins, but political tensions and trade wars can also drive price increases.
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