Global nonylphenol market is expected to grow over the forecast period owing to its increasing usage in industrial and consumer applications. Nonylphenol is used as a binder in grease supplements which are used in tire industry. Production of epoxy and phenolic resins requires nonylphenol as a curing agent. Increasing demand for paints & coatings is expected to drive epoxy resins demand over next seven years. Nonyphenol based esters are used as flame retardents. It is primarily used for surfactants and also in the production of nonylphenolethoxylate. It is also used for manufacturing trisphosphite, which is primarily used as a stabilizer in rubber and plastic industries. Phosphate esters produced from nonylphenol can be used as flame retardant. All these factors are expected to drive the nonylphenol market over the forecast period.
Rapid infrastructure development in emerging economies is expected to enhance paints & coatings demand, which in turn is expected to increase nonylphenol demand over next seven years. Nonylphenol is used in numerous industrial cleaning agents such as circuit board cleaners, hard surface cleaners and industrial laundry/ dry cleaning detergents. It is also useful in household cleaning and is used in various household cleaning agents such as laundry prewash, detergents and air fresheners. This is also expected drive product market over next seven years. Emulsions and coating industries also uses nonylphenol in manufacturing paints, coatings and adhesives which is also anticipated to fuel nonylphenol market over the forecast period. Nonylphenol is used in pesticides and agricultural teat dips production.
Nonyphenol is persistent in the aquatic environment, moderately bioaccumulative, and extremely toxic to aquatic organisms. It is mainly used in the production of nonylphenolethoxylate, which is then used in down-the-drain or direct release to environment applications. Toxic nature of both these products has lead to government control over the production and usage. Continuous contact with nonylphenol is believed to have possible risk of impaired fertility. These factors are expected to restrain the market growth in account of stringent government regulations imposed on production and usage of nonylphenol. Restricted use of nonylphenol in numerous sectors is also expected to pose challenges in front of market participants over the forecast period. US EPA has restricted usage of nonylphenol based detergents pulp and paper processing and textile processing sectors, where alternatives are easily available. Inclusion of nonylphenol in list A priority hazardous substances by REACH has reduced the product demand in Europe.
Asia Pacific region is expected to witness demand growth, owing to lack of stringent environment protection rules and regulations. Increasing demand for end-use applications on account of rapid industrialization and infrastructure development in emerging economies of APAC, such as India and China is expected to drive the market growth in the region. China is expected to dominate the production as well as consumption over the forecast period owing to growing end-use industries. Japan is also believed to be one of the key nonylphenol manufacturers over the forecast period. Europe and North America are expected to witness lower demand over the forecast period on account of restrictions imposed on nonylphenol by REACH and US EPA.
Extensive R&D activities to explore nascent applications for the product are expected to create new opportunities for the market players over the forecast period. Market players are also adopting marketing strategies to penetrate into low penetrated markets such as Middle East and African countries which are also believed to have a positive impact on demand over the forecast period. Efforts towards bio-based product development are expected to create new opportunities, especially in North America and Europe.
Key players operating the global nonylphenol market include Hangzhou Ruijiang Chemical Co., Sasol Germany GmbH, Dow Chemical Company and Polimeri Europe.
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