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Isophorone Market By Type ( Liquid condensation, Solid heterogeneous catalytic condensation) by Application (Pink ink solvents, Lacquers, Paints, Adhesives, Coatings, Copolymers, Pesticides, Finishing) by End-use Industry (Construction, Automobile, Agrochemicals, Paints & coatings, Printing inks, Artificial leather): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The Isophorone Market is expected to cross a market value of USD 1,120.4 million in 2027 from USD 923.5 million in 2020. It is expected to grow at a CAGR of over 2.8% during the forecast period.

Global Isophorone Market

Key Market Drivers and Restraints

Rising use of isophorone as a solvent in making adhesives used in the construction industry for various activities such as architectural coatings, flooring adhesives, elastomeric roof coatings, sealants, and water-proofing membranes, joint compounds, mortar modification, fiber bonding, nonwoven applications, and mortar modification. The growing construction industry in developed and developing countries due to urbanization, rising technological advancements, and growth in disposable income is expected to drive the global isophorone market during the forecast period.

Global Isophorone Market

The growing use of isophorone in inks is anticipated to fuel the global isophorone market in the near future. However, the toxic effects of isophorone are expected to hinder the global isophorone market in the near future.

Furthermore, the rising requirement for paints and coatings from across the globe is expected to drive the growth of the isophorone market in the near future.

Global Isophorone Market

Impact of COVID 19

Several governments and private businesses are working at a limited capacity or have ceased operations due to recent events surrounding the COVID-19 pandemic. Manufacturing actions across the globe came to a halt due to the unavailability of raw materials and labor shortages. This is expected to hamper the isophorone market to some extent.

Global Isophorone Market

COVID-19 virus is affecting the global economy in three main ways:

  • Hampering production and demand
  • The adverse financial impact on firms and financial markets
  • Creating supply chain and market disruption

Europe to Dominate the Global Isophorone Market

The global Isophorone Market covers six regions, namely Europe, Asia Pacific, North America, Latin America (LATAM), Middle East, and Africa, including all the key economies in these regions. The Europe market is dominated by the global market and accounts for more than 64.0% of the total market. This is attributed to the large volume of isophorone, increasing product launches, and rising collaboration among players to enhance market penetration.

Global Isophorone Market

The Pink ink solvents lead the global Isophorone Market

Pink ink solvents, and Lacquers, are the key Application in the Isophorone Market. In 2020, the Pink ink solvents segment accounted for the largest share of the Isophorone Market. However, the Lacquers segment is anticipated to grow at the fastest CAGR during the forecast period.

Liquid condensation would continue to dominate the global Isophorone Market in terms of Type.

Liquid condensation and Solid heterogeneous catalytic condensation are some of the major types of Type. As a result, the liquid condensation segment accounted for the largest share 2020 of the Isophorone Market 2020.

Frequently asked questions

The market for Wireless Electric Vehicle (EV) Charging System is expected to reach 1,120.4 million in 2027.

The Isophorone Market is expected to see significant CAGR growth over the coming years, at 2.8%.

The report is forcasted from 2015-2027

The base year of this report is 2021.

Arkema Group, CHAIN FONG, DowDuPont, Huntsman, Penta Manufacturing Company,TCI Chemicals (India) Pvt. Ltd.,Evonik Industries, Jiangsu Huanxin High Tech Materials Co. Ltd, Ningbo New Material Technology Co. Ltd, Prasol Chemicals Pvt. Ltd., SI Group Inc., BASF SE Covestro AG are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  May 2021
Category:  Chemicals
Report ID:   60354
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
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