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Nonene (Propylene Trimer) And Tetramer Market size is poised to grow with a lucrative CAGR from 2023 to 2032 as a result of the wide-ranging utilization of nonene in 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 fuel industry revenue due to 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. However. the skyrocketing prices of polymers have contributed significantly to the ascending inflation rate and are a source of concern for industrial growth.
High spending on the oil & gas sector is one of the prominent trends fostering the global nonene (propylene trimer) and tetramer industry outlook through 2032. This factor will positively influence 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 growth.
Based on type, the nonene (propylene trimer) and tetramer market from the industrial grade segment is estimated to generate notable revenues between 2023 and 2032 owing to the rapid industrialization and expansion of the electronics manufacturing sector in the APAC region.
With regards to application, the nonene (propylene trimer) and tetramer industry from the lube oil additives segment is projected to account for a commendable revenue growth by 2032 attributed 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 segment growth.
Regionally, the Middle East & Africa nonene (propylene trimer) and tetramer market is likely to register steady progress between 2023 and 2032. The regional market growth is driven by the positive growth trajectory of the agricultural sector and prominent efforts to support 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 MEA region.
The competitive landscape of the nonene (propylene trimer) and tetramer industry consists of companies such as PJSC Nizhnekamskneftekhim, Chevron Oronite Company LLC Dow Chemical Company, TPC Group, Janex S.A., Braskem, Shell, and Exxon Mobil Corporation, among others. These firms are incorporating various strategies, including new service launches and business expansions, to gain a competitive advantage in the global market.