Isononyl Alcohol Market

Increasing Demand for Plasticizers to Fuel Growth of Isononyl Alcohol Market

The Isononyl Alcohol Market is valued at USD 2.6 Bn in 2026 and is projected to reach USD 4.2 Bn,  growing at a CAGR of 7% by 2033.The isononyl alcohol market is seeing significant growth owing to substantial demand to produce plasticizers. Plasticizers are the most common application of isononyl alcohol. A current trend in the plasticizer market is the substitution of low molecular weight plasticizers for high molecular weight phthalates such as DINP. As a result, demand for DINP feedstock and isononyl alcohol is predicted to increase over the forecast period. The developments in polymer and plastic manufacturing have a significant impact on isononyl alcohol demand and consumption. In addition, environmental laws and regulations have a major impact on the isononyl alcohol business. These laws and restrictions have resulted in significant advancements in chemical manufacturing and disposal.

Plasticizer alcohols have the largest end-use market, accounting for over half of global consumption in 2020. For instance, Plasticizer alcohols have the largest markets in Asia, Europe, and North America, accounting for around 95% of global demand in 2020. The isononyl alcohol market in the United States is estimated at US$493.2 Million in the year 2020. Around 90% of all plasticizers produce flexible polyvinyl chloride (PVC), versatile polyvinyl chloride (PVC) that is used in flooring, wall coverings, roofing membranes, electrical cable, and wire insulation, automotive uses, medical equipment, made leather items, and many other applications. Plasticizers can also be found in rubber products, paints, adhesives, and sealants.

Isononyl alcohol (INA) is primarily used in the construction and automotive industries to make soft-PVC products. Furthermore, di-isononyl phthalate, di-isononyl cyclo-hexanoate, di(iso)-pentyl-terephthalate, and others are also used for the plasticizer’s application. In most downstream markets, general economic conditions have a considerable impact on the demand for plasticizer alcohols. As a result, demand for plasticizer alcohol closely follows that of the world's leading economies. Construction/remodelling, automotive production, and original equipment manufacturing (OEM) are the key end-use markets.

Increased Demand for ExxonMobil Process to Drive Growth of Isononyl Alcohol Market

The ExxonMobil process is expected to be the fastest-growing segment of the isononyl alcohol market over the forecast period. This process is used to make high-quality isononyl alcohols, which are utilized in lubricants, resins, adhesives, and coatings, among many other things. The ExxonMobil process is a chemical process for creating isononyl alcohol. A base catalyst and an alkylation reactor are used in this procedure. The feedstock is converted to isononyl alcohol by the base catalyst, and isoprene is produced by the alkylation reactor. Furthermore, this process has a variety of advantages over other methods, including lower capital and operating expenses, as well as higher product yields.

Raising Awareness About the Benefits of Isononyl Alcohol to Drive Growth of Asia Pacific Isononyl Alcohol Market

The Asia Pacific is expected to register the highest growth in the global isononyl alcohol market throughout the forecast period. Increasing awareness about the benefits of isononyl alcohol among consumers in the market is driving regional expansion. Demand for isononyl alcohol is excessive in China attributable to large-scale industrialisation in the country. China additionally has a high demand for polymers, and plastic and chemical additives. This, together with low-cost manufacturing with supportive government regulations, is predicted to enhance the isononyl alcohol market in China.

Increased isononyl alcohol usage for chemical processing and manufacturing in China, India, Japan, and South Korea is also propelling the Asia Pacific isononyl alcohol market. Manufacturers are increasing their R&D investments to develop new applications for the isononyl alcohol products market in the region. For instance, At the Gujarat Refinery in India, the Indian government, and the state-owned Indian Oil Corporation (IOC) agreed on an MOU for 'Investment Promotion,' which includes a petrochemical and lubricant integration project, isononyl or oxo alcohol project, and other infrastructure projects in June 2021. The organization plans to increase refining capacity at the Indian site by 4.3 million tonnes per year to 18 million tonnes per year and add plants to generate 500,000 tonnes of polypropylene and 2,35,000 tonnes of lubricating oil base stock. Moreover, increasing automobile manufacturing in emerging countries such as China and India coupled with growing production spending is expected to enhance product use over the forecast period. The demand for applications of DINP is also high in India and China. The growing population and developing end-use industries have led to the development and innovation of diverse applications of DINP in the construction industry, making the Asia Pacific an important global industrial hub. Increasing trends and innovation, along with industry consolidations, are projected to drive the growth of the Asia Pacific regional market.

Europe appears as the second-largest consumer base of global isononyl alcohol owing to stringent laws concerning VOC emissions from solvents that are mostly used by multiple industries. In recent years, Europe has been one of the leading exporters of isononyl alcohol, resulting in considerable demand for this chemical over a variety of end-use sectors, particularly in Germany, and the United Kingdom, generating significant industry expansion in these regions.

Global Isononyl Alcohol Market: Competitive Landscape

In 2020, Dow and JM announced the first licensee for a new rhodium-catalyzed isononyl alcohol manufacturing process plant. The plant, which will be built in QXTD's integrated petrochemical complex in Zibo City, China, will have a capacity to produce 200000 metric tonnes of alcohol per year, which is a precursor to plasticizers for PVC and is expected to be operational by 2023. On the other hand, in September 2021, BASF SE launched the Oxo alcohol catalyst Ni 3354E which will be presented at the European Petrochemical Associations Conference (EPCA). Its performance combines a high level of activity with a high level of selectivity.

Few of the players in the isononyl alcohol market include 

• Dow Inc.
• ExxonMobil Chemical Company
• Huntsman Corporation
• BASF SE
• Oxea GmbH
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• Sasol Ltd.
• Lonza Group AG
• INEOS Group AG
• LyondellBasell Industries NV
• Evonik Industries AG
• LG Chem Ltd.
• Shell Chemicals
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.

Global Isononyl Alcohol Market Segmentation is Described Below:

By Type:

• C4 Chemicals Process
• ExxonMobil Process

By Application:

• DINP
• DINCH
• Others

By Region:

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