Global 1-Nonene Market To Gain USD 3.3 BN By 2025
Posted On October 16, 2019
As per the Value Market Research, the Global 1-Nonene Market was valued USD 2.2 BN (by revenue) in 2018 and is anticipated to reach USD 3.3 BN by 2025 with a CAGR of 5.75% from 2019 to 2025. The market growth can be accredited to the rising usage of 1-nonene for producing detergent and cleaners. Rising demand for plasticizers as nonene is widely used to produce plasticizer for PVC wiring and cabling is also expected to increase the market value. Moreover, increasing demand for lubricants antioxidants and other chemicals intermediates such as isodecyl alcohol, alkylphenols, neodecanoic acid, and diphenylamine is further anticipated to expand the industry structure.
1-nonene is an alkaline compound with one double bond positioned at 1, also known as propylene trimer. It is a colorless liquid with gasoline odor and floats on water. It has a very important role in plant and mammalian metabolite. It is found in animal foods and it is extracted from peaches and bee. 1-nonene is mainly used to manufacture chemical compounds like neodecanoic acid, isodecyl alcohol, nonylphenol, and isononyl mercaptan which are further used to produce surfactants, plasticizers, paint driers, coating components, and polymerization modifiers.
The report "Global 1-Nonene Market Report By Application (Isodecyl Alcohol, Nonyl Phenol, Neodecanoic Acid, Isononyl Mercaptan, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" entails various important facets of the market. The in depth study showcases current drivers and restraints enabling the reader to take informed decision.
The market segment includes application and region. The application encompasses isodecyl alcohol, nonyl phenol, neodecanoic acid, isononyl mercaptan, and others. Nonyl phenol held the dominating position and this can be credited to the rising usage of nonyl phenol for the production of lubricating oil additives, antioxidants, emulsifiers, laundry and dish detergents, and solubilizers. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is dominating the overall market and is expected to maintain its dominance over the forecast period.
The Report Segments Global 1-Nonene Market -
Middle East & Africa
Players Profiled in the Report:
Braskem, ChemChina Daqing Zhonglan Petrochemical Co Ltd., Exxon Mobil Corporation, FORMOSAN UNION CHEMICAL CORP, Jiangsu Lingfei Chemical Co., Ltd., PBF ENERGY, Royal Dutch Shell and SI Group, Inc. among others.
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