Isononanol Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Isononanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Isononanol Price Trend for the Second Half of 2023

Asia

The isononanol industry exuded a very vacillating price trend throughout the said period of H2 of 2023 in the Asian markets. The upward rush in the global crude oil prices in the early months of Q3 prompted the market rise for all allied petrochemicals. So, isononanol prices were also impacted as they surged throughout the third quarter with an incline in the production costs. Similarly, the fourth quarter also saw the isononanol prices mimicking the market behavior of its feedstock materials.

Isononanol Price Chart

Isononanol Price Trends

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The disturbance in the shipping industry because of the Red Sea crisis caused global trade to decline. The industrial demands dipped both domestically and internationally and pivoted the isononanol price graph in the southward direction during the last three months of 2023. Overall, mixed market sentiments were witnessed.

Europe

Isononanol prices in the European markets were hinged relatively on the lower side compared to the Asian markets. The third quarter began with an overflowing level of isononanol inventories, which kept the market prices down despite a rise in the production costs since the suppliers wanted to sustain the product movement in the market. As the final quarter hit, the prices declined even more as the upstream production costs also declined, this time with a fall in crude oil prices. Overall, a declining price trend was witnessed.

North America

The North American isononanol industry was in a close alliance with the global trend as the prices mostly wavered and plunged here as well. Meek demand patterns influenced the supply and demand dynamics in a regressive manner. Because of the poor consumer response, the surge in crude oil prices in the early months also couldn’t help the regional isononanol market much. Conclusively, muted market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the Isononanol price trends are estimated to oscillate in the coming months. The regional dynamics will change as per the variations in regional consumption patterns.

Isononanol Price Trend for the First Half of 2023

Asia

The price trend of isononanol was dependent on the market activities of olefins as they served as its feedstock material. In the first quarter, the price trend inclined as the Chinese manufacturing sector showcased a strong revival after a long stretch of the Lunar holiday season and COVID restrictions.

This also helped the economic conditions of the region to improve, which resulted in a rise in the demand from the downstream industries. This trajectory was followed in the second quarter, too, as the end-user industries supported the market trend. Further, the increased number of inquiries from the overseas sectors supported the price trend of isononanol.

Europe

The first quarter of 2023 proved to be fruitful for the isononanol prices as with the increase in the output of end-user industries, the demand for isononanol and its related products also increased. In the second quarter, however, the winds changed due to high rates of energy production, which had an adverse effect on the cost of manufacturing. In addition to this, the release of imports from the overseas sector and the simultaneous decline in their number of inquiries resulted in the decline in the prices of isononanol.

North America

In the initial months of the first quarter, the feedstock market of isononanol moved slowly as extreme weather conditions disrupted the supply chains. However, the market gained its required momentum in the subsequent months with the increase in demand from the downstream sectors as the existent level of inventories was not sufficient to satisfy the appetite of consumers. However, the prices dipped in the second quarter. The second quarter suffered from the weak condition of the economy that caused the level of inventories and bank interest rates to shoot up, hampering the growth of the isononanol price trend.

Analyst Insight

According to Procurement Resource, the price trend of Isononanol is expected to decline as the demand from the end-user industries seems to be under the pressure of rising inflation.

Procurement Resource providez latest prices of Isononanol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Isononanol is a clear liquid readily soluble in an organic solvent but has very low solubility in water. It is a common irritant of the eyes and skin and is highly hazardous to aquatic life. It is produced from octenes via hydroformylation and hydrogenation processes. It has a specific odor and is primarily used as a fragrance agent and feedstock for various plasticizers.

Product Details

Report Features Details
Product Name Isononanol
HS CODE 290519
CAS Number 2430-22-0
Industrial Uses Fragrance Ingredient, Plasticizers, Paints and Coatings, Lubricants
Chemical Formula C9H20O
Synonyms Isononyl alcohol, 7-methyloctan-1-ol, 7-Methyloctanol
Molecular Weight 144.25 g/mol
Supplier Database BASF SE, Sinopec, Evonik Industries AG, ExxonMobil Corporation
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Isononanol from Cobalt Catalyst Process

Isononanol is produced by the hydroformylation of octenes to form the corresponding aldehyde. The intermediate is further distilled and subjected to hydrogenation to obtain the corresponding alcohol, i.e., Isononanol.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

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