Isononanoic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
Isononanoic acid is a type of fatty acid with nine carbon atoms. It is also called pelargonic acid. Its chemical formula is C9H18O2. Isononanoic acid is obtained by oxidation of isononyl aldehyde. The acid is a mixture of isomers with 3, 5, 5-trimethyl hexanoic acid with weight percentage of about 90. Isononanoic acid is a clear, colorless liquid with faint odor. It is miscible with organic solvents. Isononanoic acid is only sparingly soluble in water. The ECHA (European Chemicals Agency) classifies isononanoic acid as a dangerous material in CPA classifications, as it causes severe eye damage if exposed and causes skin irritation if swallowed. Isononanoic acid is primarily applied as a plasticizer in cosmetics and personal care products. It is used as a skin conditioning agent, cleansing agent, and emulsifying agent in surfactant formulations. It is also used as a herbicide to prevent growth of weeds, both indoors and outdoors, and as a blossom thinner for apple and pear trees. The Food & Drug Administration (FDA) has approved the usage of isononanoic acid as a food additive and has added it to the list of synthetic flavoring. With this, it can now be added directly to food.
Isononanoic Acid Market: Overview
Based on application, the isononanoic acid market can be segmented into cosmetics & personal care, food additives, and bio-pesticides. The cosmetics & personal care segment held the leading market share in 2017, due to extensive usage of isononanoic acid in household and industrial detergents, soaps, face washes, spray washes, hypochlorite detergents/sanitizers, and dish wash liquids. However, toxicity of isononanoic acid and regulations imposed by ECHA are hampering the segment. Oxea, a Germany-based manufacturer of isononanoic acid, announced on April 1, 2018 that prices of isononanoic acid in Europe are likely to increase by US$ 182.2 per ton (EUR 150 per ton) and will be followed by the end of the month.
Isononanoic Acid Market: Region-wise Outlook
Based on region, the global isononanoic acid market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific held a major share of the global isononanoic acid market in 2017 and the trend is likely to continue during the forecast period also. The market in Asia Pacific is projected to register a significant growth rate during the forecast period. Rise in consumption of cosmetics and personal care products and rising preference for beauty products by people, especially in South Korea, Japan, and China, are major factors anticipated to fuel the demand for isononanoic acid in Asia Pacific in the next few years. China and India are expected to hold a major share of the Asia Pacific market for isononanoic acid during the forecast period. Europe and North America are anticipated to follow Asia Pacific between 2018 and 2026. The market in other regions such as Latin America and Middle East & Africa is anticipated to witness sluggish growth during the forecast period.
Isononanoic Acid Market: Key Players
A large number of companies operate in the global isononanoic acid market. Several regional and local traders, distributors, and importers supply isononanoic acid to end-users. Prominent companies operating in the global isononanoic acid market are Nease Co, LLC, OXEA Chemicals, KH NeoChem, BOC Sciences, FiniPharma Limited, and BASF.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects