Product
Nonanoic Acid Price Trend and Forecast
Nonanoic Acid Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Nonanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Nonanoic Acid Price Trend for the First Half of 2023
Asia
The nonanoic acid price trend was dependent on the market activities of its feedstock material, oleic acid. The prices were stable in the first quarter of 2023 as the trend was supported by consistent demand for the product. However, towards the end of the quarter, the prices of nonanoic acid began to decline with low support from the cost of raw materials.
The second quarter proved to be in favor of the nonanoic acid prices owing to high demand from the downstream industries and gradually declining levels of inventories. Another cause of the rise in the prices was the severe disruptions in the supply chains caused by the Russia-Ukraine crisis and extreme weather conditions that depleted the availability of nonanoic acid in the market, thus positively influencing its price trend.
Europe
The European countries faced a decline in the prices of nonanoic acid in the first quarter of 2023, majorly because of the sliding cost of raw materials and freight charges along with a high performance of supply chains while the demand from the downstream industries remained low. However, the second quarter witnessed a surge in the prices of nonanoic acid.
In the second quarter, along with the rise in the number of international inquiries, the domestic demand for nonanoic acid also increased. In addition to this, disruptions in the supply chains and high costs of energy production further helped the price trend of nonanoic acid to move northwards.
North America
The first half of Q1 was stable for the nonanoic acid price trend. In the second half, however, a fall in the cost of raw materials and a rise in the influx of nonanoic acid in the market while the demand remained low hampered the growth of the nonanoic acid price trend. In the second quarter, as seen in the Asia Pacific region, the price trend inclined as the purchasing potential of buyers and surge in procurement rates by the downstream industries supported the rise in the prices of nonanoic acid.
Analyst Insight
According to Procurement Resource, the price trend of Nonanoic Acid is expected to depict a fluctuating trend as the demand from downstream industries and overall market sentiments seem to be uncertain.
Procurement Resource provides latest prices of Nonanoic Acid. 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.
About
Nonanoic acid which is also known as pelargonic acid is a pungent smelling liquid with pale yellow oily appearance. It is a central ingredient in many industrial processes such as production of esters in fragrance and flavor, herbicides, pesticides, and also as a plasticizer in polymer production. In addition to this, it also acts as a corrosion inhibitor for metal protection and manufacturing lubricants.
Product Details
| Report Features | Details |
| Product Name | Nonanoic Acid |
| Chemical formula | C9H18O2 |
| Industrial Uses | Production of esters, Perfumes and fragrance, Pesticides, Herbicides, Plasticizers, Lubricants |
| CAS Number | 112-05-0 |
| Molecular weight | 158.23 g/mol |
| HS Code | 2915 |
| Supplier Database | Central drug Huse, Tokyo Chemical Industry, Croda International Plc, Glentham Life Sciences Limited, OQ Chemicals GmbH |
| 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.
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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