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Worldwide Demand For Isophorone Is Expected To Increase At A CAGR Of 4.7% From 2022 To 2032

06-20-2023 09:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Isophorone Market

Isophorone Market

Isophorone is a clear, colorless liquid with a strong odor. It is a key intermediate chemical used in the production of various products across industries such as paints and coatings, adhesives, inks, and agrochemicals. Isophorone exhibits excellent solvency, high boiling point, and low viscosity, which make it a versatile solvent and chemical building block . The demand for isophorone is influenced by the growth of end-use industries. For example, the construction industry plays a significant role in the demand for paints, coatings, and adhesives, which are major applications of isophorone. Similarly, the growth of the automotive sector impacts the demand for coatings and adhesives used in the manufacturing process.

The isophorone market is typically driven by factors such as economic growth, industrial activities, and infrastructure development. Fluctuations in raw material prices, environmental regulations, and product substitution can also impact the market dynamics.

In terms of geographical demand, Asia-Pacific, particularly China, has been a significant consumer of isophorone due to its growing manufacturing sector and increasing demand for paints, coatings, and adhesives. North America and Europe also contribute to the isophorone market, driven by industries such as automotive, construction, and electronics.

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Competitive Landscape

To ensure global advancements in their processes, isophorone manufacturers are actively integrating various strategies such as strategic partnerships, alliances, cooperation agreements, technological breakthroughs, sales agreements, capacity utilisation, inventions, product diversification, and geographic expansions.
As an example:
• Evonik has announced that the service life of joint prostheses made with PEEK biomaterials has been extended. The company is looking for new applications for the high-performance polymer VESTAKEEP PEEK.

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.

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

What Do You Get in a Fact.MR Study?

• Factors affecting the overall development of the Market
• Factor that might restrain the growth of the global market in the coming years of the forecast period
• What is present competitive scenario of the global Market and its intricate details concerning potential business prospects of leading market players
• Pricing strategies of several different market players in the global Market

For in-depth competitive analysis, Buy Now - https://www.factmr.com/checkout/966

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