Oxea Plans to Increase Carboxylic Acid Supply to Meet Global Demand

coherentnews

Oxea plans to increase the supply of carboxylic acid to meet global demand, according to a report published on July 18, 2018.

Carboxylic acid plays a major role in the production of synthetic lubricants, enhancing feed hygiene or as building blocks for antibiotic-free feed additives. The global commercial business director for acids and esters value chain of Oxea said that opportunities for development are being offered by market segments that uses carboxylic acids from Oxea. For instance, isononanoic acid plays a key role in the production of high-performance synthetic lubricants for environmentally friendly refrigeration systems.

The demand for such synthetic lubricants has increased, owing to strict environmental protocols and regulatory requirements. Dr. Ina Werxhausen, global commercial business director for acids and esters value chain, said, “As one of the worldwide market leaders for synthetic carboxylic acids, Oxea already offers a broad and differentiated product portfolio. To further support the growth of our customers, we analyze the markets and include their development in our production planning.”

The officials of Oxea said that carboxylic acids market is an important part of the company’s business. They also said that the constantly increasing demand for carboxylic acid encourages the company to invest significantly in the strategic expansion of its production capacities for carboxylic acids.

This company, founded in 1996, is part of the Oman Oil company and has over 1,400 employees throughout its global operations. Oxea is a producer of oxo intermediates and oxo derivatives such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products find application in the production of coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks, and plastics.

You may be interested

Increasing Prevalence Of Diabetes And Rising Geriatric Population Will Drive The Overall Disposable Insulin Pen Market
Healthcare
Healthcare

Increasing Prevalence Of Diabetes And Rising Geriatric Population Will Drive The Overall Disposable Insulin Pen Market

Mohit Joshi - October 17, 2018

The Disposable Insulin Pen Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released research report. The report has been…

Medical Electrodes Market Is Expected To Record Highest Growth Rate Due To Increasing Prevalence Of Cardiology And Neurological Diseases
Healthcare
Healthcare

Medical Electrodes Market Is Expected To Record Highest Growth Rate Due To Increasing Prevalence Of Cardiology And Neurological Diseases

Mohit Joshi - October 17, 2018

The Medical Electrodes Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released research report. The report has been added…

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones
Healthcare
Healthcare

Extracorporeal Shock Wave Lithotripsy Market Is Being Fuelled By Rise In Incidence Of Kidney Stones

Mohit Joshi - October 17, 2018

The Extracorporeal Shock Wave Lithotripsy Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released research report. The report has…

Most from this category