Latest News- Isophorone Market: Adhesives is expected to lead the Application segment during 2025-2029

The Isophorone Market is being driven by Rising demand for high-performance coatings

The Isophorone Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 414.7 million. The global isophorone market is experiencing a notable shift towards sustainable isophorone-based products, with renewable sources gaining increasing importance due to the growing emphasis on sustainability and environmental responsibility. This trend was underscored by Evonik's launch of the world's first sustainable isophorone-based products on March 1, 2022, which are derived from 100% renewable acetone. Evonik's expansion of its isophorone portfolio with the introduction of the eCO series under its Crosslinkers brand on March 2022, includes VESTASOL IP eCO (isophorone), VESTAMIN IPD eCO (isophorone diamine), and VESTANAT IPDI eCO (isophorone diisocyanate), further solidifying their commitment to utilizing renewable raw materials as a viable alternative to traditional petrochemical sources. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Adhesives
  • Composites
  • Printing inks
  • Artificial leather
  • Others
• Grade Type
  • Industrial grade
  • Reagent grade
  • Lab grade
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for high-performance coatings
• Strong industrialization in emerging economies
• Growing use of isophorone in chemical intermediates

However, the market also witnesses some limitations, which are as follows:

• Stringent environmental regulations
• Increasing competition from substitutes
• Fluctuating raw material prices

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Market Scope in Isophorone Market Research Report

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Research Analysis Overview

The Isophorone market encompasses various sectors of material science, including synthetic polymers and bio-based polymers. Renewable resources play a significant role in polymer processing and chemistry, leading to advancements in biomedical engineering, composite materials, and biodegradable polymers. Specialty chemicals, nanomaterials, and chemical engineering are integral to the production of resins, drug delivery systems, and advanced materials. Green chemistry principles guide the synthesis of organic chemicals for sealant technology, surface coatings, construction chemicals, structural adhesives, and adhesive technology. Sustainable materials, food grade industrial chemicals, and green building materials are also part of this market. Isophorone-based products are used in various industries, including manufacturing processes for building materials, protective coatings, nonwoven fabrics, synthetic materials, packaging materials, engineering materials, and more. Despite their benefits, potential health concerns such as nose and eye irritation must be addressed to ensure safe use.

Market Research Overview

The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this market excludes companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market's size is determined by the consolidated revenue generated by manufacturers of industrial and basic chemicals. Key growth drivers for the commodity chemicals market include the expanding demand for plastic packaging. As plastic is the most widely used material in the packaging sector worldwide, the increasing preference for lightweight and corrosion-resistant materials has instigated continuous innovation, significantly influencing the application of chemicals in the production of plastic packaging materials. Furthermore, the commodity chemicals market is witnessing substantial growth in various end-use industries, including roofing membranes, high flash point solvents for electronic components, flexible circuits, active pharmaceutical ingredients, and marine coatings. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/