Isononanol Market Segmentation:
Product Type Segment Analysis
The plasticizer segment is predicted to account for 42% share of the global isononanol market by 2035. The global volume of plasticizers reached almost 10.88 million metric tons in 2022. In 2030, the global industry volume of this compound is expected to increase to more than 14.32 million tonnes. The segment’s growth is attributed to its rising use as a component of chemical industries, especially in the plastic industry. The global plastic industry is stimulated to witness robust growth during the forecast period driven by increasing population, urbanization, and industrialization across the globe. This, in turn, is expected to fuel the demand for isononanol during the forecast period. Furthermore, the global plasticizers market is expected to flourish on account of PVC in the automotive industry. Plasticized PVC is used to promote good paint-ability and enhancing the appearance of the vehicle. This, in turn, is anticipated to boost the growth of the isononanol market, as its maximum consumption in the manufacturing of plasticizers.
End-Use Segment Analysis
Building & Construction segment in isononanol market is established to attain a significant revenue share during the forecast period. The growing construction industry across developing countries such as India, China, and South Korea is anticipated to boost the product demand in these applications. Also, the product’s excellent dielectric properties make it an ideal choice for manufacturing high-quality electric cables used in industries such as telecommunications, data transmissions, and power generation, making it an essential component for the construction industry.
Our in-depth analysis of the global market includes the following segments:
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