Nonene Market: Introduction
Nonene is an important trimer of propylene. Nonene is produced by the polymerization of propylene. Nonene is a branched alkene with molecular formula C9H18. Nonene is a clear, flammable liquid. It is primarily employed to manufacture chemical intermediates which are used in the production of plasticizers, coatings, surfactants, and detergents.
Global Nonene Market: Overview
Based on end-use, the nonene market can be segmented into isodecyl alcohol, neodeconoic acid, nonyl phenol, and isononyl mercaptan. The isodecyl alcohol segment accounted for more than 55% share of the global market for nonene in 2017. These ingredients are essentially required in the production of surfactants and specialty chemicals used in industries such as agrochemical, personal care, home care, and paints & coatings. By using nonene, surfactant producers can develop innovative solutions for shampoos, detergents, surface cleaners, etc. Based on grade, the nonene market can be segmented into technical grade and industrial grade.
Global Nonene Market: DROs
Rise in the demand for use of plasticizers, surfactants, and lubricant additives in end-use industries such as paints & coatings, detergents, and textile is driving the nonene market. Increasing usage of nonyl phenol ethoxylates (NPEs) in the textile industry in developing countries is fueling the nonene market in these countries. Additionally, low cost of nonene products and manufacturing flexibility offered by them are driving the market. On the other hand, implementation of stringent regulations on propylene trimers is anticipated to hinder the nonene market during the forecast period.
Global Nonene Market: Region-wise Outlook
Based on region, the global nonene market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Nonene has different consumption patterns across the world. Nonene witnesses high demand in North America and Western Europe for use in the manufacture of oxo chemicals. The nonyl phenol segment holds a higher share of the nonene market in Central and South America and Central and Eastern Europe. In terms of consumption, Europe held a major share of the global nonene market in 2017 and the trend is likely to continue during the forecast period also. North America held the second-largest share of the global nonene market in 2017. The market in Asia Pacific is projected to register a significant growth rate during the forecast period. Rise in the consumption of paints, coatings, and textiles, especially in South Korea, Japan, and China, is anticipated to fuel the demand for nonene in Asia Pacific in the next few years. China and Japan are expected to hold a major share of the market for nonene in Asia Pacific during the forecast period. The nonene market in other regions such as Latin America and Middle East & Africa is anticipated to witness sluggish growth during the forecast period.
Global Nonene Market: Key Players
A large number of companies operate in the global nonene market. Several regional and local traders, distributors, and importers supply nonene to end-users. Prominent companies operating in the global nonene market are Exxon Mobil Corporation, Shell, Braskem, and Jiangsu Jiafeng Chemical.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.