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Nonene (Propylene Trimer) and Tetramer Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3878

Global nonene (propylene trimer) and tetramer market is set to gain remarkable traction over 2022-2028, as a result of the escalating nonene uses in a range of applications such as fuels and lubricants additive intermediates. In addition, the strong demand for electronic gadgets and the potential increase in the need for phenolic resins for circuit boards will further drive industry size, considering the usage of nonene in the production of phenolic resins.
 

Nonene (propylene trimer) refers to an alkene used in the alkylation of phenol to produce nonylphenol, which is a precursor to detergents. Meanwhile, tetramer refers to a polymer consisting of four monomer units, which is adopted as an intermediate chemical in the production of several downstream chemicals.
 

High spending on the oil and gas sector is one of the prominent trends propelling the global nonene (propylene trimer) and tetramer market outlook through 2022-2028. Abu Dhabi National Oil Co., for instance, announced its plan to invest over $6 billion to improve the oil and gas drilling business across the UAE in November 2021. Such a factor will assert a positive influence on the overall industry share, given the deployment of propylene tetramer in the production of oil additives. Moreover, the increasing product application scope in molecular biology will also augment market forecast. MBL, for example, has developed multiple MHC (major histocompatibility complex) tetramer products for use as tools in detecting antigen-specific T cells.
 

With regards to the application spectrum, the tetramer industry from the lube oil additives segment is projected to account for a commendable share by 2028. This can be credited to the rising awareness about the advantages of using lubricant additives for the improvement of base stock properties under different operating conditions as well as meeting the high-performance requirements of machinery. Likewise, the capability of these additives to safeguard and advance mechanical systems, engines, and emerging technologies deployed across a range of industries will further stimulate nonene and tetramer generation and in turn, drive the segmental growth in the upcoming years.
 

On the regional front, the Middle East and Africa nonene (propylene trimer) and tetramer market is likely to register a high revenue by 2028. The regional market growth is driven by the positive growth trajectory of the agricultural sector and the rising efforts to expand agricultural activities in countries such as South Africa. These situations are expected to boost the demand for the compounds, provided their significant deployment in agricultural chemicals. The mounting consumption of oil and lubricants will also generate growth opportunities for the industry across the region.
 

The competitive landscape of the nonene (propylene trimer) and tetramer industry consists of companies such as PJSC Nizhnekamskneftekhim, Chevron Oronite Company LLC, TPC Group, Dow Chemical Company, Janex S.A., Braskem (Petrobas, Novonor), Shell, and Exxon Mobil Corporation, among others. These firms are incorporating various strategies like new service launches and business expansions to gain a competitive advantage over rivals in the global market.

 

Decline in Industrial Lubricant Adoption During COVID-19 to Impact Nonene (Propylene Trimer) and Tetramer Market Trends:

The novel coronavirus pandemic has created unprecedented impacts across industry verticals, including lubricants. Due to the production shutdowns, the adoption of industrial lubricants witnessed a steep decline, while the passenger vehicle lubricants took the biggest hit due to strict lockdowns. These factors have created an indirect impact on the expansion of the nonene (propylene trimer) and tetramer industry over the past months.
 

However, the rising concerns about cleanliness during the pandemic may aid industry recovery over the foreseeable future. Due to the high awareness about hygiene to limit the spread of the virus, the consumption of detergents, soaps, hard surface cleaners, and body washes has surged considerably, thereby proliferating the market share, owing to the significant nonene and tetramer uses in surfactant applications.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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