- Type 1
- Type 2
Isononyl Alcohol Market size was valued at USD 2,156.4 million in 2021, growing at a CAGR of 5.8% from 2022 to 2028. Isononyl alcohol is an organic substance that has the chemical formula C 9 H 19 NO. It is a white-colored solid which is soluble in water, diethyl ether, and ethanol. It has an extensive variety of applications, such as it can be used as a raw material for the manufacture of plasticizers and detergents. It arises naturally as a constituent of natural gas and crude oil. It can also be utilized to produce alkyl ether sulfates and alkyl sulfates. The global market provides a detailed overview and that can be segmented by product type, by material type, and by Application. By product type, the Isononyl Alcohol market growth has been segmented into Product type 1 and Product type 2. The Product type 1 segment is likely to be the significant growing segment in terms of product type. Based on Material type, the Isononyl Alcohol market is segmented into DINP, DINCH, and Others. Among these, the DINP material type segment is expected to have the fastest-growing market during the forecast period 2022-2028. The rise of this segment is due to its usage as a feedstock for producing DINCH and DINP plasticizers. With prolonged performance, isononyl alcohol is also utilized in electrical wiring cables and construction and also can be used for hygiene products. The isononyl alcohol market is observing substantial growth due to the noteworthy demand for plasticizers. Based on the Application, the Isononyl Alcohol market is segmented into Additives, Plasticizers, Surfactants, Lubricants, and Others. The Plasticizers segment is expected to have a significant share in 2021. The current trend in the plasticizer market requires the replacement of small molecular weight plasticizers by high molecular weight phthalates like DINP. Plasticizers are a significant component of the chemical business, mainly in the plastics business. Isononyl alcohol is the chief chemical constituent of high molecular weight plasticizers. Isononyl alcohol is also utilized in electrical hygiene items and wire cables. Key Development: In June 2021, Dow and Johnson Matthey announced that Zibo Qixiang Tengda Chemical Company, Ltd. had chosen LP OxoSM Technology to manufacture isononyl alcohol (INA) at its new industrial facility.
Fastest Growing Market
The growing demand for isononyl alcohol in numerous end-use industries, such as cosmetics, agrochemicals, and pharmaceuticals, is anticipated to propel market growth over the forecast years. Moreover, the increasing awareness about the advantages of isononyl alcohol amid consumers is burgeoning the market growth over the forecast years.
The isononyl alcohol market is projected to expand at a CAGR of 6.2% during the forecast period
Klingspor, Nihon Kenshi, Osborn, Walter Surface Technologies, Sait Abrasivi, United Star Abrasives
Asia Pacific is the fastest-growing region for isononyl alcohol market
The increasing product need from the end-use businesses such as adhesives & sealants, paints & coatings, plastics, and polyurethane
Substituting low molecular weight plasticizers with high molecular phthalates