Global Isononanoic Acid Market Size By Type (Below 95% min, Above 95% min), By Application (Coating and Paint, Cosmetics and personal care), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Isononanoic Acid Market Size And Forecast

Isononanoic Acid Market size is increasing at a faster pace with substantial growth rates over the past few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

Isononanoic acid (3,5,5-Trimethylhexanoic acid) is an important carboxylic acid intermediate. It’s used to make polyol ester-based synthetic lubricants for refrigeration or aviation. The Global Isononanoic Acid Market is expected to increase during the forecasted period due to continuous improvement in lifestyle, increased demand for cosmetics products, and the high disposable income of consumers. The Global Isononanoic Acid Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Isononanoic Acid Market Definition

The oxidation of isononyl aldehyde yields Isononanoic acid. The acid is a 90-weight-percentage combination of isomers containing 3, 5, and 5-trimethyl hexanoic acid. Isononanoic acid is a colorless, transparent liquid with a little odor. It dissolves in organic solvents. Isononanoic acid is only moderately soluble in water. In CPA classifications, the ECHA (European Chemicals Agency) defines Isononanoic acid as a harmful chemical because it causes serious eye injury and skin irritation if eaten.

Isononanoic acid – you see it everywhere! From cosmetics to your favorite personal care items, it's used as a plasticizer. Plus, it's a real workhorse in cleaning products, helping condition your skin, acting as a cleaning agent, and even keeping everything mixed nicely. Get this – it's even used as a weed killer, both inside and outside, and to thin out those apple and pear tree blossoms! Chemically, Isononanoic acid (3,5,5-Trimethylhexanoic acid) is a key ingredient – a carboxylic acid that's used to build all sorts of specialized things. Take synthetic lubricants for refrigeration or aviation, made with polyol esters, for instance. And because it's super pure and consistent, you know it'll work reliably. One more thingit also fights corrosion in industrial fluids and coolants.

The monomer i-nonanoic acid is utilized in the manufacture of alkyd resins for stoving enamels and two-component paints (primers and topcoats). It outperforms fatty acids in terms of yellowing performance. I-nonanoic acid is also used to make paint driers based on metal salts. It is laying the groundwork for next-generation lubricants. Isononanoic acid is an important component in polyol ester-based synthetic lubricants, particularly refrigeration lubricants. Its distinct branching structure ensures stability and compatibility with non-ozone depleting and low to no global warming potential refrigeration gases, so contributing to today’s and tomorrow’s sustainability objectives.

Global Isononanoic Acid Market Overview

The Global Isononanoic Acid Market is expected to grow during the forecasted period due to the rising demand for cosmetics & personal care products, an increase in the number of eCommerce portals, and rising demand for paints & lubricants, improving lifestyle. Several factors influence the Global Isononanoic Acid Market, including the use of Isononanoic acid in a variety of applications such as skin conditioning products, washing agents, synthetic flavoring agents, primers, detergents, lubricants, and herbicides. However, Isononanoic acid damages the eyes and irritates the skin if exposed may hinder the market’s growth during the forecasted period.

Global Isononanoic Acid Market Segmentation Analysis

The Global Isononanoic Acid Market is Segmented on the basis of Type, Application, And Geography.

Isononanoic Acid Market, By Type

  • Below 95% min
  • Above 95% min

Based on Type, The Global Isononanoic Acid Market is classified into Below 95% min and Above 95% min.

Isononanoic Acid Market, By Application

  • Coating and Paint
  • Cosmetics and personal care
  • Metalworking fluids
  • Lubricant
  • Plasticizer
  • Others

Based on Application, The Global Isononanoic Acid Market is segmented into Coating and Paint, Cosmetics and personal care, Metalworking fluids, Lubricant, Plasticizer, and Others. Coating and Paint are projected to increase the most during the forecasted period owing to being widely used in construction, automotive & transportation, and wood industries. They are primarily employed to protect structures from any external damage in the building & construction industry.

Isononanoic Acid Market, By Geography

  • North America
  • Europe
  • The Asia Pacific
  • Rest of the world

Based on Geography, The Global Isononanoic Acid Market is classified into four regionsNorth America, Europe, Asia Pacific, and the Rest of the World. The Global Isononanoic Acid Market in the Asia Pacific region is expected to increase the most compared to other regions during the projected period.

Key Players

The “Global Isononanoic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Haihang Industry, BASF SE, KH Neochem Co. Ltd., OQ Chemicals GmbH, BOC Sciences, Akin Chemicals Pvt. Ltd, Nease Co. LLC, JYT Chemical, Muby Chemicals, Aurum Pharmachemicals (P) Ltd., Hairui Chemical, and Amadis Chemical Company Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In July 2019, BASF increased its INA and 2-Ethylhexanoic Acid (2-EHA) manufacturing capacity from 55,000 to 68,000 MT per year in Ludwigshafen, Germany, and Kuantan, Malaysia. The development of these facilities will assist the firm in meeting the global demand for high-quality chemical intermediates.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2022-2030

HISTORICAL PERIOD

2018-2020

KEY COMPANIES PROFILED

Haihang Industry, BASF SE, KH Neochem Co. Ltd., OQ Chemicals GmbH, BOC Sciences, Akin Chemicals Pvt. Ltd, Nease Co. LLC, JYT Chemical, Muby Chemicals, and Aurum Pharmachemicals (P) Ltd

SEGMENTS COVERED
  • By Type
  • By Application
  • By Geography
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