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Isophorone Market

Isophorone Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Isophorone: Introduction

  • Isophorone is α, β-Unsaturated carbonyl compound. Isophorone is a clear to pale yellow liquid with a distinguished odor. It is produced in large scale by the aldol condensation of acetone with potassium hydroxide as an ingredient. Intermediates used in the production of isophorone are mesityl oxide, diacetone alcohol, and 3-hydroxy-3,5,5-trimethylcyclohexan-1-one.
  • Isophorone possesses high boiling point and high solvency power. It is a low pressure liquid. These properties make it an ideal solvent in the production of various chemicals. On the other hand, isophorone is also used as a chemical intermediate in various reactions. Apart from being lighter than water, isophorone is moderately water soluble. It exhibits excellent solvent properties for resins, polymers (natural and synthetic), binders, and a number of different chemical products. Isophorone is toxic when ingested and causes irritation upon contact with the skin.
  • It is used as an intermediate in organic synthesis. It is also used as a solvent. For instance, isophorone is applied as a corrosion resistant on bridges, scaffolding, and/or sluices in the construction industry. It is one of the vital constituents in wood preservatives and floor sealants. Isophorone is added to automobile paints. It is also helps improve the properties of fuel.
  • Isophorone is used as a raw material in the production of several chemicals owing to its special molecular structure. It acts as an intermediate in manufacture of compounds such as isophorone diamine and isophorone diisocyanate. Isophorone derivatives are used in several areas such as metal cans, metal paints, and nitrocellulose finishes. Isophorone is also used in vinyl chloride or acetate-based coating systems. Manufacturers of printing inks used for plastics also require a smooth supply of isophorone. It helps improve the brightness and fluidity of paints, adhesives, and printing inks.

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Key Drivers and Restraints of Global Isophorone Market

  • Isophorone is used as solvent in production of adhesives. Adhesive are used in the construction industry for various activities such as flooring adhesives, architectural coatings, elastomeric roof coatings, water-proofing membranes, sealants, joint compounds, mortar modification, nonwoven applications, fiber bonding, and mortar modification. Growth in the construction industry in developed as well as developing countries owing to increase in urbanization, rise in technological advancements, and growth in disposable income are expected to drive the global isophorone market during the forecast period.

  • Solvents are one of the important raw materials along with pigments, binders, and additives in the production of printing inks. Isophorone is used to keep ink in liquid form when it is applied on plate or cylinder until it is used for printing. It helps improve the brightness and fluidity of printing inks. Thus, increasing demand for isophorone in inks is anticipated to further drive the global isophorone market in the near future.
  • Toxic effects of isophorone are expected to hinder the market in the near future

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Isophorone: End-use Segment

  • In terms of end-use, the global isophorone market can be segmented into paints & coatings, construction, automotive, printing & ink, chemical, agrochemical, plastics, and others
  • The construction segment is expected to capture significant share of the global isophorone market in the near future, owing to the increase in urbanization, infrastructure development, improvement in standard of living of the people, and rise in disposable income of the people
  • The paints & coatings segment is also anticipated to expand at a healthy CAGR during the forecast period, owing to the rise in requirement of paints and coatings across the globe

Covid-19 Impact on Isophorone Market

  • Several governments and private sector businesses are operating on a limited capacity or have ceased operations due to recent events surrounding the COVID-19 pandemic. Manufacturing activities across the globe came to a halt due to the unavailability of raw materials and shortage of labor. This is expected to hamper the isophorone market to some extent.
  • COVID-19 pandemic is affecting the global economy in three major ways: directly hampering production and demand, creating supply chain and market disruption, and adverse financial impact on firms and financial markets

North America to Global Dominate Isophorone Market

  • In terms of region, the global isophorone market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America followed by Asia pacific is estimated to dominate the global isophorone market during the forecast period.
  •  North America is expected to be the prominent region of the global isophorone market, owing to the flourishing construction industry and unprecedented rise in building of structures such as shopping mall, complex, and residential as well as commercial projects in the region. The U.S. is also the second-largest producer of paints and coatings. These factors are expected to propel the isophorone market in the region in the near future.
  • The isophorone market in Asia Pacific is anticipated to expand at a healthy CAGR during the forecast period, due to growth in automotive and construction sectors in the region

Key Manufacturers Operating in Global Isophorone Market

The global isophorone market was highly fragmented in 2019. Major players have prominent presence in developing countries. Key manufacturers operating in the global isophorone market include:

  • Arkema Group
  • CHAIN FONG
  • DowDuPont
  • Huntsman
  • Penta Manufacturing Company
  • TCI Chemicals (India) Pvt. Ltd.
  • Evonik Industries
  • Jiangsu Huanxin High Tech Materials Co. Ltd
  • Ningbo New Material Technology Co. Ltd
  • Prasol Chemicals Pvt. Ltd.
  • SI Group Inc.
  • BASF SE
  • Covestro AG

Global Isophorone Market: Research Scope

Global Isophorone Market, by End-user

  • Paints & Coatings
  • Construction
  • Automotive
  • Printing & Ink
  • Chemical
  • Agrochemical
  • Plastics
  • Others

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