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Isophorone Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of 6% during 2020-2025. Isophorone is used mainly as a solvent for concentrated vinyl chloride/acetate-based coating systems for metal cans, other metal paints, nitrocellulose finishes, and printing inks for plastics, which is driving the market demand for Isophorone market. Growing public interest towards sustainable and environment-friendly products will further enhance the overall market demand for Isophorone during the forecast period.
Report Coverage
The report: “Isophorone Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Isophorone Industry.
By End Use – Paints & Coatings (Paints, Metal Paints, Varnishes), Printing Inks (Plastic printing inks), Construction (Scaffolding, Bridges), Adhesives, Agrochemicals (Pesticides, Herbicides), Composites, Others.
By Geography – North America, South America, Europe, APAC, RoW
Key Takeaways
- Asia-Pacific dominates the Isophorone market as, it is mainly used as a solvent for concentrated vinyl chloride/acetate-based coating systems for metal cans, other metal paints.
- Rising demand for the use of isophorone in UV-cured coatings is driving the isophorone market.
- As, Isophorone are ecofriendly in nature, increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations related will increase the market demand for Isophrone in the near future.
- The acute (short-term) effects of isophorone in humans from inhalation exposure include eye, nose, and throat irritation will create hurdles for the Isophorone market.
- COVID 19 pandemic, will create few hurdles for the isophorone market
End Use - Segment Analysis
Paints & Coatings industry holds the largest market share in Isophorone market owing to its ability to enhance the fluidity of coatings. Isophorone is mainly used for manufacturing automotive paints and anti-corrosive substances. Protection from corrosion is the primary aim of metal painting. Mild steel is thus almost always subjected to the application of a primer coat containing corrosion inhibitors such as iron and lead oxides or of zinc powder, further covered with a decorative paint. Aluminium may be covered with a zinc chromate-based primer before a decorative coat is applied. So, as the market for paints and coatings grow, the market for isophorone will also grow.
Geography - Segment Analysis
APAC dominated the Isophorone market with a share of more than x% as, India and China are the largest importers of Isophorone around the world. According to the data of trademap, countries such as India, China & Japan are the major importers of Isophorone. Whereas, APAC is the largest market for paints and coatings, this is also the main reason behind the Isophorone largest market share in the APAC region owing to the demand of paints and coatings in this region. Because of the larger countries such as India, China among others, big construction market is also there which will likely aid the market demand for Isophorone market.
Drivers – Isophorone Market
- Increasing Demand for Adhesives Manufacturing
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. So, owing to the increasing demand for various applications uses in adhesives, the isophorone market will grow.
- Implementation of Stringent Environment Regulations
As, Isophorone are ecofriendly in nature, increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations related will increase the market demand for Isophorone in the near future. Whereas few of the common government regulations such as – fixed color paint in school and commercial buses, paints in ambulance and fire brigade trucks with others have lead the demand for isophorone in the market, which will increase the overall market growth.
Challenges – Isophorone Market
- Short term & Long-term health Effects
The acute (short-term) effects of isophorone in humans from inhalation exposure include eye, nose, and throat irritation will create hurdles for the Isophorone market. Chronic (longterm) exposure to isophorone in humans can cause dizziness, fatigue, and depression. Limited evidence in animal studies suggests that isophorone may cause birth defects such as fetal malformations and growth retardation from inhalation exposure to isophorone during pregnancy. Problems like these can create tension among the workers and work can be hampered. So, companies need to take care of it.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Isophorone market. In 2018, the market of Isophorone has been consolidated by the top five players accounting for xx% of the share. Major players in the Isophorone Market are Evonik Industries AG, Arkema Group, CHAIN FONG, Merck KGaA, and BASF SE., among others.
Acquisitions/Technology Launches
- In September 2019, Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company.
1. Isophorone Market - Overview
1.1 Definitions and Scope
2. Isophorone Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Isophorone Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Isophorone Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Isophorone Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Isophorone Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Isophorone Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Isophorone Market - By Product (Market Size -$Million / $Billion)
9. Isophorone Market - By Type (Market Size -$Million / $Billion)
10. Isophorone - By End-use (Market Size -$Million / $Billion)
11.1 Isophorone Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Isophorone- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Isophorone- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Isophorone - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Isophorone - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Isophorone Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Isophorone Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Isophorone Market - Key Company List by Country Premium
15. Isophorone Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Arkema Group
15.3 Basf Se
15.4 Chain Fong
15.5 Covestro Ag
15.6 Dowdupont
15.7 Evonik Industry
15.8 Jiangsu Huanxin High Tech Material Co, Ltd
15.9 Merck Kgaa
15.10 Ningbo New Material Technology Co, Ltd
15.11 Prasol Chemical Pvt Ltd
15.12 Si Group, Inc
15.13 Company 12
15.14 Company 13 & More
16.1 Abbreviations
16.2 Sources
17. Isophorone Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Isophorone Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Isophorone Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Isophorone Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Isophorone Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Isophorone Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Isophorone Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Isophorone Market - By Product (Market Size -$Million / $Billion)
9. Isophorone Market - By Type (Market Size -$Million / $Billion)
10. Isophorone - By End-use (Market Size -$Million / $Billion)
10.1 Paints & Coatings
10.2 Printing Inks
10.3 Artificial Leather
10.4 Adhesives
10.5 Agrochemicals
10.6 Composites
10.7 Other End Uses
11. Isophorone- By Geography (Market Size -$Million / $Billion)11.1 Isophorone Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Isophorone- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Isophorone- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Isophorone - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Isophorone - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Isophorone Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Isophorone Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Isophorone Market - Key Company List by Country Premium
15. Isophorone Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Arkema Group
15.3 Basf Se
15.4 Chain Fong
15.5 Covestro Ag
15.6 Dowdupont
15.7 Evonik Industry
15.8 Jiangsu Huanxin High Tech Material Co, Ltd
15.9 Merck Kgaa
15.10 Ningbo New Material Technology Co, Ltd
15.11 Prasol Chemical Pvt Ltd
15.12 Si Group, Inc
15.13 Company 12
15.14 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Isophorone Market - Appendix16.1 Abbreviations
16.2 Sources
17. Isophorone Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends