Nonene (Propylene Trimer) and Tetramer Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3878
Nonene (Propylene Trimer) and Tetramer Market size is projected to show tremendous growth from 2019 to 2025 owing to its increasing use as chemical intermediate to produce surfactants, resins, oxo-alcohols, coatings, antioxidants, additives for lubricants, plastics and rubbers. Nonene are often used as plasticizers in polyvinyl chloride wiring and cables. These product applications shall generate substantial revenue over the forecast period. Tetramers are also employed in the manufacturing of dodecane or dodecyl phenol which is mainly used as additives for lubricant oils and engine fuels.
The thriving automobile production coupled with the growing demand from the oil & gas industry is likely to be the major factors driving product demand during the forecast period. Moreover, the growing demand for surfactants mainly form the developing economies shall create ample opportunities for the global nonene (propylene trimer) and tetramer market growth during the forecast period. However, the availability of alternate efficient substitutes of nonene (propylene trimer) and tetramer along with stringent government regulations prohibiting usage of non-biodegradable substances are anticipated to be major market hurdles during the forecast period.
The global nonene market on the basis of application is segmented into chemical intermediates, plasticizer, additive and antioxidants. The chemical intermediates segment is further segmented into Iso-decanol, Di-nonyl naphthalene, neodecanoic acid & esters, nonenyl succinic anhydride, nonylated diphenylamine, nonyl mercaptan, nonylphenol and ethoxylates and others. Among the aforementioned chemical intermediates segment, Iso-decanol led the global nonene market in 2018 and shall continue leading throughout the forecast period. It is widely used in the manufacturing of cosmetics, detergents and cleaners.
Nonylphenol generated significant revenue in 2018 in global nonene market. It is widely employed in tire industry as grease supplement and also as curing agents in epoxy resins production. The growing investment in infrastructure development in emerging countries shall surge paints & coatings demand, which in turn is likely to propel nonylphenol demand during 2019-2025. China and India are major revenue generating countries for global nonylphenol market.
In terms of consumption, North America and Europe were significant regions in 2018 and shall exhibit surge in product demand in the coming years. The growing product demand for manufacturing of chemical intermediates shall attribute in propelling regional nonene market size growth from 2019 to 2025. Asia Pacific is likely to grow with highest CAGR during the forecast period.
The global tetramer market on the basis of application is classified into lube oil additives, surfactants, agricultural chemicals, polymerization agents, additives, corrosion inhibitors and others. The surfactant segment is likely to lead throughout the assessment period. The growing demand for surfactants mainly in-home care and personal care across the globe shall boost global tetramer market size during the review period.
Asia Pacific is likely to be a major revenue generating region in global tetramer market over the forecast period. The growing industrialization in the region coupled with the rising demand for oil additive in the automotive industry shall positively influence in global tetramer market growth in the coming years. Moreover, the shifting of automobile manufacturing bases into the region has resulted in a surge in automobile production which shall positively affect the tetramer market size during the forecast period. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA) China and India together produced 32983841 automobiles in 2018 with India producing 8% more than the previous year.
North America and Europe are other significant regions in the global tetramer market. The rising demand for lubricants and chemicals surfactants is pivotal factors attributing to this growth. Moreover, the presence of major manufacturers of tetramer such as Royal Dutch Shell plc, Exxon Mobil and Dow chemical company shall further augment the market size during the review period. However, the market dynamics is anticipated to shift towards Asia Pacific owing to the presence of stringent regulation and bio alternatives in Europe and North America.
Some of the key players operating in the global nonene (propylene trimer) and tetramer market include Exxon Mobil Corporation, Shell, Braskem, Janex S.A., Dow Chemical Company, TPC Group, Chevron Oronite Company LLC and PJSC Nizhnekamskneftekhim.
Nonene (Propylene Trimer) and Tetramer Market, By Product, 2014-2025 (Tons) (USD Million)
Nonene (Propylene Trimer) Market, By Application, 2014-2025 (Tons) (USD Million)
- Chemical Intermediates
- Di-nonyl naphthalene
- Neodecanoic acid & esters
- Nonenyl succinic anhydride
- Nonylated diphenylamine
- Nonyl mercaptan
<h4> Tetramer Market, By Application, 2014-2025 (Tons) (USD Million)
- Lube oil additives
- Agricultural chemicals
- Polymerization agents
- Corrosion inhibitors
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Exxon Mobil Corporation
- Janex S.A
- Dow Chemical Company
- TPC Group
- Chevron Oronite Company LLC
- PJSC Nizhnekamskneftekhim
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.