Increase in Usage of Nonyl Phenol Ethoxylates (NPES) Expected to Drive World 1-Nonene Market over the Forecast Period: Ken Research

1-Nonene is a branch of olefin, produced by polymerization of propylene. It is an important trimer of propylene thus also known as propylene trimer. 1-nonene is an alkene with molecular formula C9H18. It is a clear & flammable liquid. It is soluble in alcohol and insoluble in water. It retains a characteristic odor of gasoline. It is used as a building block in the production of numerous chemical intermediate materials. It is also used as plasticizers in polyvinyl chloride wiring & cables. It is used in the production of surfactants, plasticizers, detergents, paint components, and coating desiccants.

According to study, “World 1-Nonene Market Research Report 2024(covering USA, EU, China, India, South East Asia, Japan)” the key companies operating in the world 1-nonene market are Exxon Mobil Corporation, Shell, Anellotech, Mitsubishi Chemical, AOC Company, Aladdin, DOW, BASF, DSM, DuPont, Sigma-Aldrich, PJSC Nizhnekamskneftekhim, PBF Energy, Jiangsu Jiafeng Chemical Co. Ltd., Formosan Union Chemical Corp., Suncor Energy Inc., SI Group Inc. (TPC Group Inc.), FUCC, ChemChina Daqing Zhonglan Petrochemical Co Ltd., Jiangsu Lingfei Chemical Co., Ltd., Royal Dutch Shell, Imperial Oil Limited, Braskem. The key players are competing with one another by giving higher product & services at a reasonable worth in order to take important share at the regional & global level market.

Based on type, 1-nonene market is segmented into chemical raw material and reagents. Based on grade type, market is segmented into industrial grade type and technical grade type. Based on purity type, market is segmented into purity 99.5% min and purity 98.0% min. Based on distribution channel, market is segmented into distributor and direct sales. Based on application, market is segmented into chemical intermediates, additive, plasticizer, and antioxidants. The chemical intermediates segmented is further sub-segmented into iso-decanol, neodecanoic acid & its esters, di-nonyl naphthalene, nonylated diphenylamine, nonenyl succinic anhydride, nonylphenol & ethoxylates and nonyl mercaptan. In addition, based on end-use industries, market is segmented into agrochemical industry, home care, personal care industry and paints & coatings.

The 1-nonene market is driven rise in the demand for use of surfactants, plasticizers, and lubricant additives in end-use industries followed by increase in usage of nonyl phenol ethoxylates (NPEs) in textile industry, low cost of nonene with excellent manufacturing flexibility, increase in urbanization and growth in production of chemical intermediates for instance isodecylon, dinonyl naphthalene. However, implementation of stringent regulations may impact the market. Moreover, growth in demand for surfactants from developing economies is a key opportunity for market.

Based on geography, EU holds major share followed by USA in 1-nonene market owing to increase in demand for manufacturing of chemical intermediates and rise in investments in product due to technology barriers & other issues. China country is anticipated to witness higher growth rate on account of increase in consumption of coatings and paints over the forecast period. Additionally, unlike applications of foreign countries, country mainly uses 1-nonene to produce nonylphenol instead of isodecyl alcohol for the time being. It is expected that the market will be reached at US $2020 million by 2024, from US $1440 million in 2019, over the next five years.

For more information, click on the link below:

World 1-Nonene Market Research Report 2024

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