Press release
Global Isononanoic Acid Market Expected to Witness a Sustainable Growth over 2023
Isononanoic acid is a mixture of isomers with a 3, 5, 5-trimethylhexanoic acid content of about 90%, and is obtained by oxidation of the corresponding isononyl aldehyde. The clear, colorless liquid with a faint odor is miscible with the usual organic solvents. Isononanoic acid is only sparingly soluble in water.
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Global Isononanoic Acid Market: Forecast by Type / Application / Region
Under the background of slower economy growth rate, companies face the higher risks of profit decline. Currently, isononanoic acid market has a certain potential in Europe, USA and Japan. These areas demand are relatively stable. During these years, China's isononanoic acid demand maintains a rapid growth. Currently, OXEA, BASF and KH Neochem are the most important production companies. Currently, the high degree of concentration of the industry, OXEA, BASF and KH Neochem control this industry. Except these three companies, there are no other major manufacturers. China is not the manufacturer, absolutely relying on import.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support the lubricant industry and metal working fluids industry, it will lead the increase of isononanoic acid demand. Therefore, we think entering China and India market will be a good choice.
Over the next five years, LPI(LP Information) projects that Isononanoic Acid will register a 3.1% CAGR in terms of revenue, reach US$ 290 million by 2023, from US$ 240 million in 2017.
Global Isononanoic Acid Market: Key Players
Evonik
OXEA
BASF
KH Neochem
BASF
Sinopec
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Related Information:
United States Isononanoic Acid Market Research Report 2018
Europe Isononanoic Acid Market Research Report 2018
North America Isononanoic Acid Market Research Report 2018
Asia-Pacific Isononanoic Acid Market Research Report 2018
China Isononanoic Acid Market Research Report 2018
EMEA Isononanoic Acid Market Research Report 2018
Global Isononanoic Acid Market Research Report 2018
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