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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Isophorone Market size was valued at US$ 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.
Study Period
2024-2030Base Year
2023CAGR
5.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The demand for Isophorone in the production of chemical intermediates significantly drives the Isophorone market by serving as a foundational component in the creation of various compounds and materials. Notably, Isophorone Diisocyanate (IPDI), a key chemical intermediate derived from Isophorone, finds application in polyurethane resins, coatings, adhesives, and flexible foams. Beyond IPDI, Isophorone's role extends to the creation of PCMX (antimicrobial derivatives of 3,5-xylenol), trimethylcyclohexanone, that is used in various end-use industries. Moreover, the agrochemicals sector serves as a driving force in propelling the Isophorone market, relying on Isophorone's integral role in the formulation of agrochemicals and pesticides. Isophorone's significance lies in its contribution to the creation of targeted herbicides and pesticides that protect crops from pests, diseases, and weeds, leading to enhanced agricultural productivity.
The isophorone market has been segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America is anticipated to lead in the isophorone market over the forecasting years owing to the rising industries like coatings, adhesives, and chemical manufacturing. Stringent environmental regulations impact Isophorone usage, promoting the development of low-VOC formulations. The automotive and construction sectors also contribute to demand. The U.S. is a significant producer and consumer of Isophorone in the region. Europe has a mature Isophorone market, given its strong industrial base. The region's emphasis on sustainability and stringent regulations influence Isophorone's use. Industries like automotive, construction, and electronics contribute to demand for Isophorone-based products.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
5.5% |
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By Application |
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By End User |
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By Region |
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The isophorone market was valued at US$ 623.5 Million in 2023 and is anticipated to grow at a CAGR of 5.5 % over 2024-2030.
Global Industrialization and rising investment in research and development are some of the factors that create potential opportunities for the growth of the isophorone market.
The development of biobased isophorone is one of the major trends in the isophorone market.
Evonik Industries AG, Arkema Group, CHAIN FONG, Merck KGaA, and BASF SE are a few companies operating in isophorone market.
| 1.Executive Summary |
| 2.Global Isophorone Market Introduction |
| 2.1.Global Isophorone Market - Taxonomy |
| 2.2.Global Isophorone Market - Definitions |
| 2.2.1.Application |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Isophorone Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Isophorone Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Isophorone Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. IPDA/IPDI |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. PCMX |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Trimethylcyclohexanone |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Solvent |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Pesticides |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Isophorone Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Paints and Coatings |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Printing Inks |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Artificial Leather |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Adhesives |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Agrochemicals |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Composites |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Personal Care |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Cleaning |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Isophorone Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Isophorone Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.IPDA/IPDI |
| 8.1.2.PCMX |
| 8.1.3.Trimethylcyclohexanone |
| 8.1.4.Solvent |
| 8.1.5.Pesticides |
| 8.1.6.Others |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Paints and Coatings |
| 8.2.2.Printing Inks |
| 8.2.3.Artificial Leather |
| 8.2.4.Adhesives |
| 8.2.5.Agrochemicals |
| 8.2.6.Composites |
| 8.2.7.Personal Care |
| 8.2.8.Cleaning |
| 8.2.9.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Isophorone Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.IPDA/IPDI |
| 9.1.2.PCMX |
| 9.1.3.Trimethylcyclohexanone |
| 9.1.4.Solvent |
| 9.1.5.Pesticides |
| 9.1.6.Others |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Paints and Coatings |
| 9.2.2.Printing Inks |
| 9.2.3.Artificial Leather |
| 9.2.4.Adhesives |
| 9.2.5.Agrochemicals |
| 9.2.6.Composites |
| 9.2.7.Personal Care |
| 9.2.8.Cleaning |
| 9.2.9.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Isophorone Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.IPDA/IPDI |
| 10.1.2.PCMX |
| 10.1.3.Trimethylcyclohexanone |
| 10.1.4.Solvent |
| 10.1.5.Pesticides |
| 10.1.6.Others |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Paints and Coatings |
| 10.2.2.Printing Inks |
| 10.2.3.Artificial Leather |
| 10.2.4.Adhesives |
| 10.2.5.Agrochemicals |
| 10.2.6.Composites |
| 10.2.7.Personal Care |
| 10.2.8.Cleaning |
| 10.2.9.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Isophorone Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.IPDA/IPDI |
| 11.1.2.PCMX |
| 11.1.3.Trimethylcyclohexanone |
| 11.1.4.Solvent |
| 11.1.5.Pesticides |
| 11.1.6.Others |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Paints and Coatings |
| 11.2.2.Printing Inks |
| 11.2.3.Artificial Leather |
| 11.2.4.Adhesives |
| 11.2.5.Agrochemicals |
| 11.2.6.Composites |
| 11.2.7.Personal Care |
| 11.2.8.Cleaning |
| 11.2.9.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Isophorone Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.IPDA/IPDI |
| 12.1.2.PCMX |
| 12.1.3.Trimethylcyclohexanone |
| 12.1.4.Solvent |
| 12.1.5.Pesticides |
| 12.1.6.Others |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Paints and Coatings |
| 12.2.2.Printing Inks |
| 12.2.3.Artificial Leather |
| 12.2.4.Adhesives |
| 12.2.5.Agrochemicals |
| 12.2.6.Composites |
| 12.2.7.Personal Care |
| 12.2.8.Cleaning |
| 12.2.9.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Evonik Industries AG |
| 13.2.2.Arkema Group |
| 13.2.3.CHAIN FONG |
| 13.2.4.Merck KGaA |
| 13.2.5.BASF SE |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.