The global Isononanoic Acid market was valued at US$ 85 million in 2020 and it is expected to reach US$ 129.5 million by the end of 2027, growing at a CAGR of 3.6% during 2021-2027.
Isononanoic acid is a mixture of isomers with a 3, 5, 5-trimethylhexanoic acid content of about 90%, and is obtained by oxidation of the corresponding isononyl aldehyde. The clear, colorless liquid with a faint odor is miscible with the usual organic solvents. Isononanoic acid is only sparingly soluble in water.
Currently, the high degree of concentration of the industry, OQ Chemicals, BASF and KH Neochem control this industry. Moreover, KH Neochem is the largest manufacturer in the world, with 40% market shares. Asia Pacific is the largest market, with a share about 44%, followed by Europe and North America with the share about 29% and 20%.
Global Isononanoic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Isononanoic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are OQ Chemicals, Basf, KH Neochem and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-isononanoic-acid-market-outlook
Segment by Type
- Below 99%
- Above 99%
Segment by Application
- Metal Working Fluids
- Lubricant
- Plasticizer
- Coating and Paint
- Others
Table of Content:
1 Isononanoic Acid Market Overview
2 Isononanoic Acid Market Competition by Manufacturers
3 Isononanoic Acid Retrospective Market Scenario by Region
4 Global Isononanoic Acid Historic Market Analysis by Type
5 Global Isononanoic Acid Historic Market Analysis by Application
6 Key Companies Profiled
7 Isononanoic Acid Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Isononanoic Acid Market Dynamics
10 Global Isononanoic Acid Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.