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Isophorone Market

Isophorone Market Analysis By Product Type (Liquid Condensation & Solid Heterogeneous Catalytic Condensation) By End-Use and By Region – Global Market Insights 2022 to 2032

Analysis of Isophorone market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Isophorone Market Outlook (2022-2032)

Worldwide demand for isophorone is expected to increase at a CAGR of 4.7% from 2022 to 2032. At present, the global isophorone market is valued at US$ 1.21 billion and is anticipated to reach US$ 1.93 billion by 2032.

The use of isophorone is expected to rise in the production of protective coatings. China is one of the largest markets for protective coatings, with their use expected to register high growth in the automotive, construction, and petrochemical sectors.

Report Attributes

Details

Isophorone Market Size (2022E)

US$ 1.21 Billion

Forecasted Market Value (2032F)

US$ 1.93 Billion

Global Market Growth Rate (2022-2032)

4.7% CAGR

North America Market Share (2022)

34.6%

Europe Market Share (2022)

26.5%

Key Companies Profiled

  • Dow
  • Prasol Chemicals Pvt. Ltd.
  • Evonik Resource Efficiency GmbH
  • SI Group, Inc.
  • KH Chemicals
  • Thermo Fisher Scientific Inc.
  • TCI Chemicals (India) Pvt. Ltd.
  • LGC Limited
  • QIANYAN NEW MATERIAL TECHNOLOGY CO., LTD
  • Jiangsu Huanxin High-tech Materials Co. Ltd.

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Demand Analysis of Isophorone (2017-2021) Vs. Market Outlook (2022-2032)

“Increasing Adoption of Isophorone in Different Chemical Products Owing to Excellent Solvent Properties”

According to Fact.MR, a market research and competitive intelligence provider, the isophorone market is projected to rise at a CAGR of 4.7% from 2022 to 2032.

Excellent solvent capabilities for resins, polymers (natural and manufactured), binders, and numerous other chemical products are displayed by isophorone. When isophorone comes into touch with the skin, it irritates it and is poisonous when consumed.

It serves as a solvent and an intermediary in the synthesis of organic compounds. Isophorone is used as a corrosion resistant on roads, scaffolding, and sluices in the construction industry. It is one of the essential intermediates in floor sealants and wood preservatives. Paints for cars are formulated using isophorone. It has also been demonstrated to enhance the characteristics of fuel.

Isophorone derivatives are used for metal cans, metal paints, and nitrocellulose finishes, among other things. It is also utilised in coating systems that are based on vinyl chloride or acetate. Additionally, producers of printing inks for plastics require a steady supply of isophorone. Paints, adhesives, and printing inks benefit from increased brightness and fluidity.

Isophorone market forecast by Fact.MR

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Which Factor Plays a Key Role in Driving Demand for Isophorone?

“Rising Consumer Awareness Regarding Eco-friendly Products”

There are growing concerns worldwide about animal protection, owing to which, natural leather has been effectively banned in several nations. Stringent government policies, coupled with recent scientific advancements, are likely to drive the demand for isophorone due to its applications in artificial leather. The growing requirement for paints and coatings around the world is expected to maintain the high demand for isophorone over the coming years.

Since isophorone is environmentally favorable by nature, rising consumer demand for eco-friendly products and the implementation of stricter government regulations are driving market growth.

At present, the growth of the isophorone market vastly depends upon the growth of the paints, coatings, and adhesives segments and it is expected to witness stable growth due to its demand in the North America and Asia Pacific regions.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

How are New Isophorone Manufacturers Strategizing?

“Rising Focus on Product Innovation to Offer Growth Opportunities for New Companies”

Emerging market players are focusing on research and developments to ensure uniqueness in their services. As strict rules to save the environment are enforced globally, new entrants can concentrate on developing industrial processes that are more sustainable.

By concentrating on product innovation and effective promotional initiatives, newcomers have a great opportunity to enter the isophorone industry and acquire a significant market share.

  • Wanhua Chemical Group, which produces and sells polyurethanes and petrochemicals, opened a brand-new, cutting-edge IPDI factory. With an efficient supply chain, the isophorone di-isocyanate factory uses the most recent phosgene synthesis technology. UV resins, aqueous polyurethane dispersions, and adhesives are the main applications for IPDI. Additionally, high-performance, non-yellowing polyurethane coatings for automotive refinishing use IPDI trimers.

Which Regions are Likely to Generate High Revenue for Isophorone Suppliers?

“Rising Usage in Paints & Coatings and Printing Inks in Textile & Packaging Sectors in North America & Asia Pacific”

North America leads with 34.6% share in the global isophorone market. Increasing demand for paints and coatings due to the rapid expansion of the construction industry in the region is driving the market growth in the region.

The market in North America is expanding as a result of increasing demand for isophorone from a variety of end-use industries, rising printing ink usage in the textile and packaging sectors, and a rise in both residential and commercial construction projects.

Asia Pacific is expected to be the fastest-growing market during the forecast period, with China being the largest contributor to the share of the region.

Several countries in Asia Pacific are experiencing steady growth in their economies. Increasing demand from the Asia Pacific region is driving the need for setting up new production plants for isophorone and isophorone diamine plants in China and other countries.

Architectural coatings, which chiefly depend upon the development of industrial infrastructure, are witnessing growth in India. This is expected to boost the isophorone market in the Asia Pacific region.

Which End Use Accounts for High Use of Isophorone?

“Growing Usage of Isophorone as Hardening Component in Composition of Adhesives

Based on end use, the isophorone market is categorized into construction, automobiles, chemicals & plastics, agrochemicals, paints, coatings, adhesives, inks, and others.

In the composition of adhesives, isophorone is utilized as a hardening component. Many end-user applications, including those involving polymers, polyvinyl chloride, and polystyrene require adhesives.

Adhesives are used in the construction industry for a variety of purposes, including wall and roof covering, resilient flooring, manufactured housing, ceramic tiles, carpet installation, flooring underlayment, drywall lamination, and joint cement.

Depending on their usage, different adhesives are utilized. The demand for adhesives is increasing as green building construction is expanding and concerns about the quality of construction materials are growing.

Adhesives are employed in the aerospace sector to create lightweight aircraft designs. The market for isophorone will therefore expand as a result of the rising demand for various adhesive applications.

Competitive Landscape

Isophorone manufacturers are actively integrating various strategies, including strategic partnerships, alliances, cooperation agreements, technological breakthroughs, sales agreements, capacity utilization, inventions, product diversification, and geographic expansions to ensure advances in their processes on a global scale.

For instance :

  • Evonik announced the extension of the service life of joint prostheses with PEEK biomaterials. The business is looking for ways to expand the applications for the high-performance polymer VESTAKEEP PEEK.

Key Segments Covered in Isophorone Industry Research

  • By Product Type :

    • Liquid Condensation
    • Solid Heterogeneous Catalytic Condensation
  • By End Use :

    • Construction
    • Automobiles
    • Chemicals & Plastics
    • Agrochemicals
    • Paints
    • Coatings
    • Adhesives
    • Inks
    • Others
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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The global isophorone market is set to expand at 4.7% CAGR through 2032.

By 2032, the market for isophorone is predicted to reach US$ 1.93 billion.

North America leads with 34.6% share in the isophorone market.

Top 3 countries account for 42.1% share of isophorone sales.

Currently, the China isophorone market is valued at US$ 114.4 million.

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