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Nonene (Propylene Trimer) And Tetramer Market Size
Nonene (Propylene Trimer) And Tetramer Market is poised to grow with a lucrative rate from 2024 to 2032, owing to wide-ranging utilization of nonene in applications such as additive intermediates in fuels and lubricants.
According to Energy Information Administration, global liquid fuel consumption is estimated to rise by 1.4 million barrels per day in 2024, followed by a further increase of 1.3 million barrels per day in 2025. High spending on the oil & gas sector, with the deployment of propylene tetramer in the production of oil additives is favoring product demand.
The increasing use of nonene and tetramer in lubricants, adhesives, and coatings is driven by their superior properties, including thermal stability and chemical resistance. In lubricants, they serve as base oils, providing excellent lubricity and stability. Similarly, in adhesives and coatings, they enhance performance and durability. With sectors like automotive, construction, and aerospace demanding high-quality products, the market size is expected to steadily rise as industries prioritize efficiency and sustainability.
Nonene (Propylene Trimer) And Tetramer Market Trends
There is growing demand for lightweight and high-performance materials in automotive and packaging sectors, as well as the rising need for specialty chemicals in construction and consumer goods industries. The advancements in process technologies, including catalyst innovations and process optimization, are enhancing production efficiency and expanding the capacity of nonene and tetramer plants. Furthermore, sustainability concerns are driving research into bio-based feedstocks and green processes, which are expected to shape the future trajectory of the nonene and tetramer industry.
Nonene (Propylene Trimer) And Tetramer Market Analysis
The industrial grade segment is estimated to generate notable revenues between 2024 and 2032, owing to its extensive usage in the manufacturing of plastics, resins, and synthetic rubber. The robust demand for these products from end-user industries such as automotive, construction, and electronics is driving the growth of this segment. Moreover, advancements in production technologies have led to the development of high-quality industrial grade nonene and tetramer, further enhancing their suitability for diverse industrial applications.
The lube oil additives application 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 and engines, coupled with emerging technologies deployed across a range of industries will further stimulate the segment growth.
Middle East & Africa nonene (propylene trimer) and tetramer market is likely to register steady progress between 2024 and 2032, driven by the booming 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, favored by the thriving oil & gas sector, will also generate growth opportunities for the industry players across the MEA region.
Nonene (Propylene Trimer) And Tetramer Market Share
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
- Exxon Mobil Corporation
These firms are incorporating various strategies, including new service launches and business expansions, to gain a competitive advantage.
Nonene and Tetramer Industry News
- In 2024, Shell Plc initiated the sale of its Indian renewable energy unit, Sprng Energy, and is now contacting potential buyers. The portfolio is estimated to have an enterprise value of $1.6-1.8 billion.
- In October 2023, the Wall Street Journal reported that ExxonMobil Corporation, a prominent US natural gas company, is close to finalizing a deal worth $60 billion to acquire Pioneer Natural Resources Co. Upon the deal's conclusion, Exxon is poised to emerge as a leading producer in the United States' most prolific oil basin.