Isononanoic Acid Market to Gain US$408 Million Valuation by 2031, TMR Study Notes

ALBANY, NY, March 21, 2022 /PRNewswire/ — According to a study by Transparency Market Research (TMR), the global isononanoic acid market is expected to register growth at a CAGR of 5.1% during the forecast period, 2021 to 2031.

Isononanoic acid is increasingly used in the personal care industry for the production of a wide range of products such as primers, lubricants and skin conditioning agents. Hence, increasing demand for personal care products across the globe is fueling the demand opportunities in the global isononanoic acid market.

Companies operating in the isononanoic acid market adhere to guidelines suggested by government authorities while performing numerous activities such as storage and handling of their products. For example, companies follow guidelines on hygiene measures and environmental exposure controls.

Additionally, isononanoic acid market players are following Good Manufacturing Practices (GMP) in their factories. Additionally, manufacturers provide employees with protective suits and face shields to avoid non-standard processing issues.

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Isononanoic Acid Market: Key Findings

  • Due to the improved purchasing power and changing lifestyles of major consumers around the world and the growing understanding of the availability of different types of skincare products, there has been a increasing demand for skin care as well as cosmetic products, in which isononanoic acid is one of the vital elements. Ingredients. Hence, booming cosmetics and personal care industries are propelling the global isononanoic acid market.
  • Isononanoic acid is widely used in the manufacture of lubricants, cleaning agents and detergents. Thus, the increase in demand for these products is fueling the growth opportunities in the market. Additionally, increasing demand for industrial-grade isononanoic acid across a wide range of sectors including industrial and institutional cleaning, agriculture, and aviation is creating opportunities for revenue generation in the acid market. isononanoic acid.

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Isononanoic Acid Market: Growth Boosters

  • Growing demand for cosmetics and personal care products due to increase in global population propels sales growth in isononanoic acid market
  • The rapid expansion of the e-commerce industry globally, especially in many developing and developed countries, is supporting the growth in demand in the global market

Isononanoic Acid Market: Regional Analysis

  • The isononanoic acid market in Europe observes notable business prospects, due to factors such as the increasing use of cosmetic products in several European countries such as France, Germany, Italy, Spainand in the United Kingdom In addition, the increase in demand for functional cosmetic products in Germany is believed to play an important role in the growth of Europe isononanoic acid market over the forecast period.
  • Due to the increase in population and improved disposable income of people in several developing countries from Asia Pacificincluding China and India, there has been a noticeable growth in demand for products from the personal care industry. This factor translates into substantial growth avenues for the Asia Pacific players in the isononanoic acid market.

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Isononanoic Acid Market: Key Players

Some of the key players profiled in the report are:

  • KH Neochem Co. Ltd.
  • BASF SE
  • BOC Science
  • OQ Chemicals GmbH
  • Nease Co. LLC
  • Akin Chemicals Pvt. ltd
  • Muby Chemicals
  • Chemical JYT
  • Haihang Industry Co.Ltd.
  • Aurum Pharmachemicals (P) Ltd.
  • Hairui Chemicals
  • Shijiazhuang Standard Chemicals Co.Ltd.
  • Amadis Chemical Company Limited

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Segmentation of the isononanoic acid market

To note

Purity

  • Up to 90%
  • >90% to 95%
  • >95% to 97%
  • Above 97%

Application

  • Skin conditioning agents
  • Cleaning agents
  • Synthetic flavoring agents
  • Primers
  • Detergents
  • Lubrication
  • Herbicides
  • Others (including emulsifying agents)

End use

  • Cosmetics and personal care
  • Food
  • Agriculture
  • Paints and coatings
  • Domestic and industrial cleaning
  • HVAC and lubricants
  • Others (Automotive and Aviation)

Regions

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global market intelligence reports and services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continually updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

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Contact
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Source of the press release:
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SOURCE Transparency Market Research

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