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Isononanoic Acid Market Applications, Key Players, Regions 2018 - 2026
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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.
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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.
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