Isononanoic Acid Market Size, Analyzing Forecasted Outlook and Growth for 2023-2030
The market for Isononanoic Acid is expected to grow at a significant pace during the forecast period. This can be attributed to increasing demand for cosmetic products, and other functional ingredients in various applications such as metalworking fluids, plasticizers, and lubricants. The increasing disposable income of people in several European nations such as France, Germany, Italy, and Spain is also anticipated to provide substantial growth opportunities for Isononanoic Acid manufacturers.
Isononanoic Acid is primarily manufactured by oxidation of isononyl aldehyde. The resulting product is a colorless liquid that has a very faint odor, and is only moderately soluble in organic solvents. Oxidation of the crude acid mixture produces isononanoate salts and other by-products, which are removed by distillation under customary conditions.
The distilled product contains isononanoates, as well as some C9 isomers such as 3,3,5-trimethylhexanoic acid and 2,5,5-trimethylhexanoic, which are not present in the original isononyl aldehyde, thereby yielding isononanoic acid with a total isomer content of 90%.
Isononanoic Acid Market Size was estimated at USD 266.09 million in 2023 and, exhibiting a CAGR of 3.00% during the forecast period 2023-2030.
Download Sample Report Now https://marketreportservice.com/request-sample/isononanoic-acid-market-54389
Manufacturers are bolstering their production capabilities in order to ensure stable supply of Isononanoic Acid to their clients.
The major players operating in the Isononanoic Acid are OXEA, BASF, KH Neochem
BASF increases capacity for Higher Carboxylic Acids
- Isononanoic Acid (INA), 2-Ethylhexanoic Acid (2-EHA)
- Supporting customer growth with components for synthetic lubricants e.g. for the refrigeration industry
- Reliable and flexible HCA-production in Germany and Malaysia
BASF has increased its global production capacity for the Higher Carboxylic Acids (HCA) Isononanoic Acid (INA) and 2-Ethylhexanoic Acid (2-EHA) from 55,000 metric tons to 68,000 metric tons per year. With world-scale and highly flexible production facilities at its Verbund sites in Ludwigshafen, Germany, and Kuantan, Malaysia, BASF is among the leading producers of HCA worldwide.
In addition, they are strengthening their relationship with ecosystem partners to reduce the dependency on other countries for raw materials and other components. Moreover, they are focusing on establishing robust distribution networks and establishing a strong online presence to facilitate faster sale of their products.
To stoke up their business, leading Isononanoic Acid providers are offering competitive price packages. Besides, they are leveraging on technologically advanced processes to enhance their product manufacturing capacities and increase operational efficiency. Additionally, they are focusing on the development of new applications for Isononanoic Acid in the pharmaceutical, cosmetic, and food industries.
In order to comply with regulatory requirements, manufacturers are adhering to stringent handling and storage procedures to prevent contact with skin. They are following guidelines on hygiene measures, environmental exposure controls, and are providing workers with protective suits and face shields. This has helped them to strengthen their credibility among customers and improve brand image.
In addition, they are observing exposure limits and informing authorities of any leakages into the waterways, soil, or drains. By implementing these strategies, they are minimizing the risk of abnormal processing issues and maintaining their quality standards. This will help them to gain a competitive edge over their competitors.
For Early Buyers | Get Up to 25-30% Discount on This Premium Report https://marketreportservice.com/buy-now/54389
For More Related Reports Click Here