N-Nonylphenol Market is Expected to Grow at a CAGR of 5.30% by 2030
Posted by ChemAnalyst on September 28th, 2021
According to ChemAnalyst report, “N-Nonylphenol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, N-Nonylphenol market has shown significant growth as it reached 1.02 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 5.30% during the forecast period 2022-2030. Growing demand of N-Nonylphenol from major end-use industries, including agrochemicals, leather and textiles, oilfield chemicals, paints, and others for numerous applications is likely to drive the N-Nonylphenol market globally over the next ten years. The production of N-Nonylphenol is highly associated with safety concerns on human health as well as the environment as it has the potential to endanger the marine life.
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Nonylphenols are the group of organic compounds that bears a 9 carbon-tail of phenol. They belong to the general chemical category of alkylphenols. They are moderately soluble in water but soluble in alcohol. N-Nonylphenols are extensively used in manufacturing antioxidants, chemical intermediates, detergents, oil additives, emulsifiers, solubilizers, and others. N-Nonylphenol compounds are the precursors to the commercially important non-ionic surfactants, Nonylphenol ethoxylates and Alkylphenol ethoxylates, which are widely used in personal care products, detergents, paints, pesticides, plastics, etc. N-Nonylphenols are produced naturally, industrially, or by the environmental degradation of Alkylphenol ethoxylates. Industrially, they are produced by the acid-catalyzed alkylation of phenol with a mixture of nonenes. In North America, Nonylphenols are highly used in epoxy formulations.
The demand of Nonylphenol from various key end-user industries including Agrochemicals, Cosmetics & Personal Care, Pulp & Paper, Textiles, Automotive, Building, and Construction, Textiles and Leather Processing, Metal Working, Food & Beverages, and others is likely to boost the global N-Nonylphenol market in the forecast period until 2030. Products that contain Nonylphenol ethoxylates are extensively utilized for many applications including paper and mash producing, material preparing, machine degreasers, fiber scouring, and others. Due to rapid urbanization, the demand of Nonylphenol ethoxylates is projected to drive the market growth of sodium acetate, which will further propel the demand of N-Nonylphenols across the globe.
Global N-Nonylphenol Market is segmented based end-use, application, sales channel and region. On the basis of end-use, the global N-Nonylphenol market is segregated into Chemical, Agrochemicals, Textiles and Leather Processing, Cosmetics & Personal Care, Oil & Gas, Building, and Construction, Metal Working, Food & Beverages, Automotive, Pulp & Paper, Textiles, Power Generation, and Others. Among these, the chemical segment dominated the global N-Nonylphenol market in 2020 and is forecasted to maintain its dominance over the next ten years owing to its increasing usage as an intermediate for various chemicals in the chemical industry. Based on application, the market is segmented into Antioxidant, Cleaning, Surfactants & Detergents, Emulsifiers, and Others. The increasing demand for N-Nonylphenol from the packaging industry to manufacture plastics and polymers is likely to augment the market growth of N-Nonylphenol worldwide. Surging demand for Nonylphenol ethoxylates by the blooming cosmetics & personal care industry will boost the market growth of N-Nonylphenol across the globe in upcoming years.
On the onset of COVID-19, in 2020, leading authorities in emerging economies including India and China, caused nationwide lockdowns and restrictions, to curb the spread of novel coronavirus, due to which several industries were drastically affected. Many end-user industries temporarily halted their operations and production units due to the global crises. There was a severe decline in the demand of N-Nonylphenol by the major end-user chemical industry, due to the interruptions in the supply chain, which negatively affected the global N-Nonylphenol market. Textiles industry also witnessed a significant downturn which lowered the demand of N-Nonylphenols by during the first half of 2020, hindering the market growth of N-Nonylphenol. However, with the gradual uplifting of lockdowns, the markets and operations are resuming, which is likely to bolster the market growth of N-Nonylphenol by the end of the year.
Region wise, APAC region holds the major share of global N-Nonylphenol market is expected to maintain its dominance in the forecast period until 2030. Rising demand of chemical intermediates and expansion of chemical industries is the driving factor for the dominance of N-Nonylphenol market in APAC region. In major emerging countries like China and India, a growing number of major end use industries is likely to accelerate the overall demand of N-Nonylphenol around the world. After the APAC region, North America and Europe are the major consumers of N-Nonylphenol owing to the increasing demand of Nonylphenols for the production of emulsifiers, surfactants, and chemical intermediates and is expected to boost the global market growth of N-Nonylphenol over the next ten years.
N-Nonylphenol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in N-Nonylphenol market include Huntsman International LLC, AkzoNobel N.V., Dover Chemical Corporation, SI Group, Inc., PCC Group, China Man-Made Fiber Corporation, Clariant AG, The DOW Chemical Company, Hunstman, Stepan Company , India Glycols, SABIC, Solvay, PCC Exol SA, The DOW Chemical Company, Huntsman, Stepan Company., and Others.
“Rapidly growing demand of N-Nonylphenol from various end-use industries including Chemical, Agrochemicals, Textiles and Leather Processing, Cosmetics & Personal Care, Oil & Gas, Building, and Construction, Food & Beverages, Automotive, Pulp & Paper, Textiles, and others is likely to boost the global market of N-Nonylphenol during the forecast period. Surging demand of N-Nonylphenol in the APAC region for various chemical intermediates and expansion of chemical industries in emerging economies including China and India is expected to accelerate the market of N-Nonylphenol across the globe in upcoming years. Exponentially rising demand of Nonylphenols for the production of surfactants/detergents, emulsifiers etc. in North America and Europe will further augment the growth of global N-Nonylphenol market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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Joined: August 3rd, 2021
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