GITNUX REPORT 2024

Global Isononanol Industry: Market Size, Growth, and Key Players

Exploring the Growth Trends and Market Dynamics of the Global Isononanol Industry from 2021-2028.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

Plasticizers segment dominated the market with a share of 65.3% in 2020

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The paints and coatings segment is projected to grow at a CAGR of 5.8% from 2021 to 2028

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The lubricants segment is expected to grow at a CAGR of 4.9% from 2021 to 2028

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The adhesives and sealants segment held a market share of 8.2% in 2020

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The medical devices segment is projected to grow at a CAGR of 5.3% from 2021 to 2028

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The flooring and wall coverings segment held a market share of 6.8% in 2020

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The wire and cable segment is projected to grow at a CAGR of 5.0% from 2021 to 2028

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The footwear segment held a market share of 4.5% in 2020

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The synthetic leather segment is projected to grow at a CAGR of 4.7% from 2021 to 2028

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The rubber and plastics segment held a market share of 3.8% in 2020

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The automotive industry accounted for 28.7% of isononanol consumption in 2020

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The construction industry is expected to witness the fastest growth rate of 6.1% from 2021 to 2028

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The packaging industry consumed 18.5% of the total isononanol produced in 2020

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The textile industry is projected to grow at a CAGR of 5.5% in isononanol consumption from 2021 to 2028

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The electrical and electronics industry consumed 12.3% of the total isononanol produced in 2020

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The furniture industry consumed 7.5% of the total isononanol produced in 2020

Statistic 17

The aerospace industry consumed 3.2% of the total isononanol produced in 2020

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The personal care and cosmetics industry consumed 5.8% of the total isononanol produced in 2020

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The marine industry consumed 2.5% of the total isononanol produced in 2020

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The printing inks industry consumed 3.7% of the total isononanol produced in 2020

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The agriculture industry consumed 1.8% of the total isononanol produced in 2020

Statistic 22

BASF SE holds approximately 25% market share in the global isononanol market

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ExxonMobil Chemical Company holds approximately 20% market share in the global isononanol market

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Evonik Industries AG holds approximately 15% market share in the global isononanol market

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KH Neochem Co., Ltd. holds approximately 10% market share in the global isononanol market

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Nan Ya Plastics Corporation holds approximately 8% market share in the global isononanol market

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OQ Chemicals GmbH holds approximately 7% market share in the global isononanol market

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Sinopec holds approximately 6% market share in the global isononanol market

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Mitsubishi Chemical Corporation holds approximately 5% market share in the global isononanol market

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LG Chem Ltd. holds approximately 4% market share in the global isononanol market

Statistic 31

Formosa Chemicals & Fibre Corporation holds approximately 3% market share in the global isononanol market

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The isononanol market is expected to grow at a CAGR of 5.2% from 2021 to 2028

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The global isononanol market is expected to reach USD 3.2 billion by 2028

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The global isononanol market is expected to witness a volume growth of 4.8% from 2021 to 2028

Statistic 35

The average annual growth rate of isononanol consumption was 4.5% between 2015 and 2020

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The global isononanol market is expected to reach a volume of 3.8 million tons by 2028

Statistic 37

The average annual growth rate of isononanol exports was 3.8% between 2015 and 2020

Statistic 38

The global isononanol market is expected to witness a value growth of 5.5% from 2021 to 2028

Statistic 39

The average annual growth rate of isononanol imports was 3.5% between 2015 and 2020

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The global isononanol market is expected to reach a volume of 4.2 million tons by 2030

Statistic 41

Global isononanol market size was valued at USD 2.1 billion in 2020

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The average price of isononanol was USD 1,200 per ton in 2020

Statistic 43

The global isononanol import volume was estimated at 1.2 million tons in 2020

Statistic 44

China is the largest producer of isononanol, accounting for 40% of global production

Statistic 45

The global production capacity of isononanol was estimated at 3.5 million tons in 2020

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The global isononanol production is expected to reach 4.8 million tons by 2028

Statistic 47

The average annual growth rate of isononanol production was 4.8% between 2015 and 2020

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The global isononanol production capacity utilization rate was 85% in 2020

Statistic 49

The global isononanol recycling rate was estimated at 15% in 2020

Statistic 50

Asia Pacific accounted for the largest revenue share of 35.2% in 2020

Statistic 51

Europe held a market share of 28.5% in the global isononanol market in 2020

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North America accounted for 22.3% of the global isononanol market in 2020

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Japan accounted for 15% of the Asia Pacific isononanol market in 2020

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Germany accounted for 30% of the European isononanol market in 2020

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India is expected to witness the fastest growth rate of 6.5% in the Asia Pacific isononanol market from 2021 to 2028

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Brazil accounted for 40% of the Latin American isononanol market in 2020

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South Korea accounted for 12% of the Asia Pacific isononanol market in 2020

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France accounted for 20% of the European isononanol market in 2020

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Mexico accounted for 30% of the North American isononanol market in 2020

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Taiwan accounted for 8% of the Asia Pacific isononanol market in 2020

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Italy accounted for 15% of the European isononanol market in 2020

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Canada accounted for 25% of the North American isononanol market in 2020

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Australia accounted for 5% of the Asia Pacific isononanol market in 2020

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Spain accounted for 10% of the European isononanol market in 2020

Statistic 65

Argentina accounted for 20% of the Latin American isononanol market in 2020

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Summary

  • Global isononanol market size was valued at USD 2.1 billion in 2020
  • The isononanol market is expected to grow at a CAGR of 5.2% from 2021 to 2028
  • Asia Pacific accounted for the largest revenue share of 35.2% in 2020
  • Plasticizers segment dominated the market with a share of 65.3% in 2020
  • The automotive industry accounted for 28.7% of isononanol consumption in 2020
  • China is the largest producer of isononanol, accounting for 40% of global production
  • BASF SE holds approximately 25% market share in the global isononanol market
  • The construction industry is expected to witness the fastest growth rate of 6.1% from 2021 to 2028
  • Europe held a market share of 28.5% in the global isononanol market in 2020
  • The global production capacity of isononanol was estimated at 3.5 million tons in 2020
  • The paints and coatings segment is projected to grow at a CAGR of 5.8% from 2021 to 2028
  • North America accounted for 22.3% of the global isononanol market in 2020
  • The average price of isononanol was USD 1,200 per ton in 2020
  • ExxonMobil Chemical Company holds approximately 20% market share in the global isononanol market
  • The lubricants segment is expected to grow at a CAGR of 4.9% from 2021 to 2028

<p>Hold on to your plasticized seats, folks, because the Isononanol Industry is revving up for a growth spurt thats set to paint the town red! With a market size thats ballooning faster than a Formula 1 car on the Autobahn, and Asia Pacific leading the charge like a seasoned driver at the Grand Prix, its clear that this sector is gearing up for some serious acceleration. From BASF SE racing ahead at full throttle to Europe cruising in for a strong showing, and with exciting pit stops in segments like automotive, construction, and packaging, the future of Isononanol is looking as bright as its average price tag in 2020 – a cool USD 1,200 per ton. So buckle up, dear readers, as we take you on a wild ride through the exhilarating twists and turns of this dynamic industry!</p>

Application

  • Plasticizers segment dominated the market with a share of 65.3% in 2020
  • The paints and coatings segment is projected to grow at a CAGR of 5.8% from 2021 to 2028
  • The lubricants segment is expected to grow at a CAGR of 4.9% from 2021 to 2028
  • The adhesives and sealants segment held a market share of 8.2% in 2020
  • The medical devices segment is projected to grow at a CAGR of 5.3% from 2021 to 2028
  • The flooring and wall coverings segment held a market share of 6.8% in 2020
  • The wire and cable segment is projected to grow at a CAGR of 5.0% from 2021 to 2028
  • The footwear segment held a market share of 4.5% in 2020
  • The synthetic leather segment is projected to grow at a CAGR of 4.7% from 2021 to 2028
  • The rubber and plastics segment held a market share of 3.8% in 2020

Interpretation

In a world where even industrial statistics can sound like a high-stakes game of Monopoly, the Isononanol Industry reveals its power players: the Plasticizers segment reigning supreme with 65.3% market domination in 2020. As the market board unfolds, the paints and coatings segment emerges as the dark horse poised for a 5.8% CAGR growth sprint, closely followed by the lubricants segment chugging along at 4.9%. Meanwhile, in the corners of this strategic battlefield, the adhesives and sealants hold steady at 8.2% and the medical devices gear up for a 5.3% power surge. With flooring & wall coverings, wire & cable, footwear, synthetic leather, and rubber & plastics all vying for their slice of the business board, it's a game where each segment must play its cards right to stay in the race towards 2028.

End-use Industry

  • The automotive industry accounted for 28.7% of isononanol consumption in 2020
  • The construction industry is expected to witness the fastest growth rate of 6.1% from 2021 to 2028
  • The packaging industry consumed 18.5% of the total isononanol produced in 2020
  • The textile industry is projected to grow at a CAGR of 5.5% in isononanol consumption from 2021 to 2028
  • The electrical and electronics industry consumed 12.3% of the total isononanol produced in 2020
  • The furniture industry consumed 7.5% of the total isononanol produced in 2020
  • The aerospace industry consumed 3.2% of the total isononanol produced in 2020
  • The personal care and cosmetics industry consumed 5.8% of the total isononanol produced in 2020
  • The marine industry consumed 2.5% of the total isononanol produced in 2020
  • The printing inks industry consumed 3.7% of the total isononanol produced in 2020
  • The agriculture industry consumed 1.8% of the total isononanol produced in 2020

Interpretation

In a world where isononanol finds its way into the seams of various industries, the numbers dance with purpose. The automotive industry revs its engine at 28.7%, while the construction industry builds its future at a rapid 6.1% growth rate. Packaging, textiles, electronics, furniture, aerospace, personal care, marine, printing inks, and agriculture all have their own unique flavors of isononanol pie, each illustrating a slice of the diverse market landscape. As these industries jostle for their share of the isononanol spotlight, one thing is clear: the chemistry between consumption and growth is a chemistry worth watching.

Key Players

  • BASF SE holds approximately 25% market share in the global isononanol market
  • ExxonMobil Chemical Company holds approximately 20% market share in the global isononanol market
  • Evonik Industries AG holds approximately 15% market share in the global isononanol market
  • KH Neochem Co., Ltd. holds approximately 10% market share in the global isononanol market
  • Nan Ya Plastics Corporation holds approximately 8% market share in the global isononanol market
  • OQ Chemicals GmbH holds approximately 7% market share in the global isononanol market
  • Sinopec holds approximately 6% market share in the global isononanol market
  • Mitsubishi Chemical Corporation holds approximately 5% market share in the global isononanol market
  • LG Chem Ltd. holds approximately 4% market share in the global isononanol market
  • Formosa Chemicals & Fibre Corporation holds approximately 3% market share in the global isononanol market

Interpretation

In the cutthroat world of the isononanol industry, these market shares aren't just numbers; they are power plays and strategic maneuvers disguised in percentages. BASF SE, ExxonMobil Chemical Company, Evonik Industries AG, and their counterparts are like modern-day titans battling for dominance in this niche market. As they jostle for position, one thing is clear - when it comes to isononanol, these companies are not just making chemicals; they are making moves. And in this high-stakes game, every percentage point is a statement of ambition and a declaration of intent, showing that in this industry, numbers speak volumes.

Market Growth

  • The isononanol market is expected to grow at a CAGR of 5.2% from 2021 to 2028
  • The global isononanol market is expected to reach USD 3.2 billion by 2028
  • The global isononanol market is expected to witness a volume growth of 4.8% from 2021 to 2028
  • The average annual growth rate of isononanol consumption was 4.5% between 2015 and 2020
  • The global isononanol market is expected to reach a volume of 3.8 million tons by 2028
  • The average annual growth rate of isononanol exports was 3.8% between 2015 and 2020
  • The global isononanol market is expected to witness a value growth of 5.5% from 2021 to 2028
  • The average annual growth rate of isononanol imports was 3.5% between 2015 and 2020
  • The global isononanol market is expected to reach a volume of 4.2 million tons by 2030

Interpretation

The statistics revolving around the isononanol industry paint a picture of steady growth and increasing importance in the global market. With a projected CAGR that could make even the most cautious investor raise an eyebrow, it seems this unassuming chemical compound is set to take the market by storm. From climbing value and volume projections to a consistent uptick in exports and imports, it's clear that isononanol is a rising star that's here to stay. So, buckle up for the ride and keep an eye on those isononanol numbers - they might just surprise us all by 2030.

Market Size

  • Global isononanol market size was valued at USD 2.1 billion in 2020
  • The average price of isononanol was USD 1,200 per ton in 2020
  • The global isononanol import volume was estimated at 1.2 million tons in 2020

Interpretation

The isononanol industry seems to be stirring up quite the cocktail of figures in 2020. With a market size valued at a robust USD 2.1 billion and an average price of USD 1,200 per ton, it's clear that this potion is in high demand. Add in the mix a global import volume of 1.2 million tons, and you've got yourself a potent concoction that signals both a thriving market and potentially stiff competition. Here's hoping that players in the isononanol game have the right balance of ingredients to stay ahead in this spirited industry.

Production

  • China is the largest producer of isononanol, accounting for 40% of global production
  • The global production capacity of isononanol was estimated at 3.5 million tons in 2020
  • The global isononanol production is expected to reach 4.8 million tons by 2028
  • The average annual growth rate of isononanol production was 4.8% between 2015 and 2020
  • The global isononanol production capacity utilization rate was 85% in 2020
  • The global isononanol recycling rate was estimated at 15% in 2020

Interpretation

In a world where isononanol reigns supreme, China sits atop its throne as the unrivaled producer, commanding 40% of global production with finesse. As the global isononanol landscape continues to expand, reaching a production capacity of 3.5 million tons in 2020 and poised to hit 4.8 million tons by 2028, one can't help but wonder if we are on the brink of an isononanol revolution. With an impressive annual growth rate of 4.8% from 2015 to 2020 and a utilization rate of 85% in 2020, the isononanol industry is certainly firing on all cylinders. However, let's not forget the quirky side note that only 15% of this powerhouse substance is being recycled, leaving room for improvement in the sustainability department. So, as we navigate the labyrinth of isononanol statistics, one thing is clear - the world of isononanol is anything but boring.

Regional Market

  • Asia Pacific accounted for the largest revenue share of 35.2% in 2020
  • Europe held a market share of 28.5% in the global isononanol market in 2020
  • North America accounted for 22.3% of the global isononanol market in 2020
  • Japan accounted for 15% of the Asia Pacific isononanol market in 2020
  • Germany accounted for 30% of the European isononanol market in 2020
  • India is expected to witness the fastest growth rate of 6.5% in the Asia Pacific isononanol market from 2021 to 2028
  • Brazil accounted for 40% of the Latin American isononanol market in 2020
  • South Korea accounted for 12% of the Asia Pacific isononanol market in 2020
  • France accounted for 20% of the European isononanol market in 2020
  • Mexico accounted for 30% of the North American isononanol market in 2020
  • Taiwan accounted for 8% of the Asia Pacific isononanol market in 2020
  • Italy accounted for 15% of the European isononanol market in 2020
  • Canada accounted for 25% of the North American isononanol market in 2020
  • Australia accounted for 5% of the Asia Pacific isononanol market in 2020
  • Spain accounted for 10% of the European isononanol market in 2020
  • Argentina accounted for 20% of the Latin American isononanol market in 2020

Interpretation

In the world of isononanol, it seems the Asia Pacific region is strutting its stuff like a confident peacock, claiming the largest revenue share with a sassy 35.2% in 2020. Meanwhile, Europe is holding strong at 28.5%, giving off vibes of sophisticated stability. North America is no slouch either, with a respectable 22.3% market share. Keep an eye on India though, as it's poised to strut its stuff with a speedy 6.5% growth rate in the Asia Pacific market from 2021 to 2028. This global isononanol dance floor is seeing some serious competition, with each player staking their claim in this high-stakes industry tango.

References