Materials & Chemicals / Isophorone Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Evonik, DowDuPont, Arkema, SI
Isophorone Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Evonik, DowDuPont, Arkema, SI
Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Isophorone Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.5% during the review period (2022 to 2027).
Isophorone Market Overview
Isophorone is used as the hardening material in adhesive formulation. Adhesives are employed in various end-user applications, such as plastics, polyvinyl chloride, polystyrene, etc.In the construction sector, adhesives are used for several applications such as in concrete, ceramic tiles, carpet laying, flooring underlayment, drywall lamination and joint cements, manufactured housing, pre-finished panels, resilient flooring, roofing, and wall covering.
The increase in green buildings construction, aligned with the rising concerns over the quality of construction materials would further accentuate the demand for adhesives. They are also used in paper bonding. This can be credited to their positive attributes such as bonding of dissimilar materials, adhesion to a range of substances, high cohesive strength, and environmental resistance from UV light, rain, and other weathering conditions. These aspects are estimated to propel segmental growth in the coming years.
There is a rising concern worldwide about animal protection, owing to which natural leather has been effectively banned in numerous 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 of paints and coatings from around the world is expected to maintain the high demand for isophorone in the near future.
Industry News:
March 01, 2022: Evonik launches first renewable isophorone-based products
Evonik has continued to develop a variety of isophorone-based products at its plants across the globe. Now, sixty years later Evonik has made another important breakthrough for the chemical industry: the world’s first sustainable isophorone products made from 100% renewable acetone.
Who are the Major Players in Isophorone Market?
Top Key players in the Isophorone Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Isophorone Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Evonik, DowDuPont, Arkema, SI, Qian Yan and others.
What are the major Applications, Types and Regions for Isophorone Market?
Isophorone Market is segmented based on the type, applications, companies and regions.
By Type, Isophorone Market has been segmented into
Liquid Condensation
Solid Heterogeneous Catalytic Condensation
Other
The end user’s industry application on Isophorone Market is,
IPDA/IPDI
Pesticide
Disinfectants
Others
Isophorone Market Regional Analysis:
North America is considered to be the largest market for isophorone in terms of volume. It is followed closely by Asia Pacific, which 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 nations 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 nations.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Isophorone Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 4.5% during the review period (2022 to 2027).
By Type
Liquid Condensation
Solid Heterogeneous Catalytic Condensation
Other
By Application
IPDA/IPDI
Pesticide
Disinfectants
Others
By Companies
Evonik, DowDuPont, Arkema, SI, Qian Yan and others.
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
95
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Isophorone Report
Evaluate Isophorone market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Isophorone market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Isophorone Market is studied from 2017 - 2027.
What is the growth rate of Isophorone Market?
The Isophorone Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the leading key players in Isophorone Market?
Evonik, DowDuPont, Arkema, SI, Qian Yan and others.
What regions regions does this Isophorone Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Isophorone Market?
Liquid Condensation, Solid Heterogeneous Catalytic Condensation, Other
What are the significant Applications of Isophorone Market?
IPDA/IPDI, Pesticide, Disinfectants, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.