Isononanoic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026
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.
Request For Custom
Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=44120
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)
Comments
Post a Comment