Isophorone Market: By Application (IPDA/IPDI, PCMX, Trimethylcyclohexanone, Solvent, Pesticides, and Others), By End-Use Industry (Paints and Coatings, Printing Inks, Artificial Leather, Adhesives, Agrochemicals, Composites, Personal Care, Cleaning and Others), and Geography

Isophorone Market size was valued at USD 623.5 Million in 2023 and is poised to grow at a CAGR of 5.5% over 2024-2030. The isophorone market refers to the global industry involving the production, distribution, and utilization of isophorone, which is a clear liquid with a distinct odor and is classified as a cyclic ketone. It is derived from acetone through a aldol condensation process and has found a wide range of applications across various industries due to its versatile properties. The coatings and paints industry serves as a pivotal driver in propelling the isophorone market forward. Isophorone's role as a versatile solvent and enhancer for coatings and paints formulations is indispensable. It contributes to the creation of high-quality finishes by effectively dissolving resins, pigments, and other components, ensuring uniform application and quick drying. Moreover, the resin and polymer production sector serve as a significant driving force in the isophorone market by utilizing isophorone as a fundamental building block in the synthesis of resins and polymers. Isophorone-derived resins and polymers find application across diverse industries, contributing to enhanced material properties and performance.

These resins play a pivotal role in coatings, adhesives, and plastic formulations, offering improved adhesion, durability, and versatility. However, Isophorone is associated with health hazards such as skin and eye irritation and respiratory issues. Occupational health and safety regulations could lead to increased precautions, safety measures, and costs for industries using Isophorone, which could limit the market growth. Meanwhile, exploring and expanding into emerging markets where industrial growth is driving demand for coatings, adhesives, and other Isophorone applications can lead to new business opportunities. key manufacturers are announcing launches, acquisitions, and collaborations to cater to various end-use industries. For instance, March 2022, Evonik launched first renewable isophorone-based products with significantly lower CO2 footprint across all stages of the isophorone production chain.