Isononanol Price Trend and Forecast
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 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.
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.
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.
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.
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).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.