Global Isononyl Alcohol Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Isononyl alcohol (INA) is also termed as oxo-alcohol or isononanol. It is an isomer of the C9 family. It is a flammable, clear, colorless liquid that could be recognized by its specific odor. Its molecular formula is C9H20O and molar mass is 144.25. It is exclusively used in chemical reaction processes. It is soluble in organic solvents and slightly soluble in the water. It is produced from the refinement of octenes, hydroformylation, distillation, and hydrogenation.
The factors that are playing a major role in the growth of isononyl alcohol market are the rising demand from developing countries like India and China, the high investments by key manufacturers, and the growing product innovation. However, toxic effects to aquatic life may restrain overall market growth in the years to come. Isononyl alcohol market is segmented based on product type, ingredients, distribution channel, material type, application, and region.
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ExxonMobil process and C4 chemicals process are the product types that could be explored in isononyl alcohol in the forecast period. Alpha olefins and linear alpha-olefins are the key ingredients that could be explored in isononyl alcohol in the forecast period. Based on the distribution channel, distributor, direct sale, and others could classify isononyl alcohol in the forecast period.
Based on material, DINA (Di-Isononyl Adipate), DINP (Di-Isononyl Phthalate), TINTM (Tri-Isononyl Trimellitate), DINCH (Di (isononyl)cyclohexane-1,2-dicarboxylate), and others could classify isononyl alcohol in the forecast period. DINP sector accounted for the substantial market share of isononyl alcohol and is estimated to lead the overall market in the years to come. Also, DINCH sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on applications like additives, plasticizers, surfactants, lubricants, and others that could be explored in the forecast period. Globally, Asia Pacific accounted for the substantial market share of isononyl alcohol and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand from developing countries like India and China and the presence of the key manufacturers in the region.
North America and Europe are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period.
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The key players of the isononyl alcohol market are AICELLO CHEMICAL CO. LTD, Nan Ya PLASTICS, ADCO Global Inc., Evonik, BASF, ExxonMobil, KH NEOCHEM, and ACE Geosynthetics Enterprise Co., Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition. ExxonMobil and Evonik accounted for the major market share of isononyl alcohol and is estimated to lead the overall market in the years to come.
Market Segment:
Key Applications
• DINP
• DINCH
• TINTM
• DINA
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals
Key Vendors
• BASF
• Evonik
• ExxonMobil
• KH Neochem
• NPC
• request free sample to get a complete list of companies
Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global INA market?
• What are the challenges to market growth?
• Who are the key players in the INA market?
• What are the market opportunities and threats faced by the key players?
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