Press release
Global Isophthalic Acid Market is projected to grow at a robust CAGR of 7.8% during the forecast period, reaching a valuation of US$ 4.62 billion by 2029.
Global Isophthalic Acid Market
Maximize Market Research Pvt. Ltd., a Pune-based market research firm, has released a comprehensive report on the Isophthalic Acid Market.
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The comprehensive analysis provided by Maximize Market Research's report aims to offer stakeholders a clear understanding of the Isophthalic Acid Market. The report includes a thorough study of key players, market dynamics, and competitive analysis, providing investors with valuable insights for informed decision-making.
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What are Global Isophthalic Acid Market Dynamics?
The rising demand for ready-to-eat (packed) food and beverages, coupled with the increasing need for high-quality resins in food packaging, is driving the growth of the Isophthalic Acid Market. The Asia Pacific region is anticipated to dominate the market, accounting for approximately 40-45% of the market share.
Isophthalic acid, an organic compound and isomer of phthalic and terephthalic acid, is gaining significant traction. It is available in crystalline form with a chemical formula of C6H4(COOH)2, obtained through the oxidation of meta-xylene. Isophthalic acid finds extensive applications in the production of plasticizers and synthetic resins across various end-user sectors.
Key factors driving the global Isophthalic Acid Market include continuous advancements in synthesis methods using advanced equipment and technology. The market is significantly boosted by the high demand for polyethylene terephthalate (PET) bottle resin, driven by emerging industries. The material's excellent resistance properties and its use in various industries, such as plasticizers, coatings, plastics, lubricants, and more, contribute to its market growth.
However, environmental concerns, fluctuations in raw material prices, and a major drop in the crude oil market are expected to impede market growth during the forecast period.
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What is Global Isophthalic Acid Market Regional Insight?
Asia Pacific is set to dominate the market, growing at a CAGR during the forecast period. The region, especially India, China, and Brazil, is a major contributor to market growth, driven by its status as a manufacturing hotspot for various industries.
Europe stands as the second-largest market, with a growing demand for PET resins manufactured using Isophthalic Acid. The paints and coatings application in developing economies, along with growth in the construction and chemical sectors, is anticipated to boost market growth in Europe.
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What is Global Isophthalic Acid Market Segmentation?
by Type
Industrial Grade
Reagent Grade
by Application
Chemical Raw Materials
Packaging
Automotive
Plasticizer
Former Agent
Coating
Plastics
Lubricants
Others
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Who are Global Isophthalic Acid Market Key Players?
1. LOTTE Chemical CORPORATION
2. The Chemical Company
3. Eastman Chemical Company
4. G. International Chemical Co. Inc
5. Hefei TNJ Chemical Industry Co.,Ltd.
6. SILVER FERN CHEMICAL, INC
7. Tecnosintesi S.p.A.
8. Dhalop Chemicals
9. Interquisa
10. KOHAP Corporation
11. EMCO Dyestuff
12. Marubeni Europe plc
13. Hanhong Group
14. Xiamen Hisunny
15. Mitsubishi Chemical
16. Zhejiang Kaili
17. DVP Chemicals
18. A.G. International Chemical
19. Nanjing Tianxie
20. Anhui Royal
21. Haihang
22. Neostar United
23. Alfa Aesar
24. Sigma Aldrich Corporation
25. Perstorp
26. British Petroleum
27. Total Petrochemicals
28. Exxonmobil
Table of content for the Global Isophthalic Acid Market includes:
Global Isophthalic Acid Market: Research Methodology
Global Isophthalic Acid Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Isophthalic Acid Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โ +91 9607365656
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๐ www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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๐๐ฌ๐จ๐ฉ๐ก๐ญ๐ก๐๐ฅ๐ข๐ ๐๐๐ข๐ ๐๐ซ๐ข๐๐๐ฌ ๐๐ง ๐๐๐
โข ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 1495 USD/MT
The isophthalic acid prices in the United States for Q4 2023 reached 1495 USD/MT in December.
The latest IMARC Group report, "๐๐ฌ๐จ๐ฉ๐ก๐ญ๐ก๐๐ฅ๐ข๐ ๐๐๐ข๐ ๐๐ซ๐ข๐๐๐ฌ, ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ฆ๐๐ง๐, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐
๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐ ๐๐๐ข๐ญ๐ข๐จ๐ง," presents a detailed analysis of ๐๐ฌ๐จ๐ฉ๐ก๐ญ๐ก๐๐ฅ๐ข๐ ๐๐๐ข๐ ๐๐ซ๐ข๐๐๐ฌ, offering key insights into global market dynamics. This report includes comprehensive price chart, which trace historical data andโฆ
Isophthalic Acid Market Worldwide Industry Analysis, Future Demand and Forecast โฆ
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