Isophorone Market - Forecast(2023 - 2028)

Report Code: CMR 84251 Report Format: PDF + Excel
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 / $Billion)
10.1 Paints & Coatings
10.2 Printing Inks
10.3 Artificial Leather
10.4 Adhesives
10.5 Agrochemicals
10.6 Composites
10.7 Other End Uses
11. Isophorone- By Geography (Market Size -$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 - Appendix
        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