Isononanol Market Size

Isononanol Market size is poised to reach USD 4.5 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e.2024-2036. In the year 2023, the industry size of isononanol was USD 2 Billion. The global industry volume of plasticizers will reach nearly 10.88 million tonnes by 2022. In particular, plasticizers help to enhance the flexibility, durability, and resilience of plastics. The growing demand for plasticizers in various industries such as construction, automotive, and packaging is driving the demand for isononanol. It is a vital component in the manufacturing process of these plasticizers, making it an essential raw material for several industries.

Additionally, isononanol is utilized in the manufacturing of paints and coatings as a solvent or coalescing agent. With the expansion of the construction and automotive sectors globally, there is a growing need for paints and coatings, thereby fuelling the demand for isononanol.