Isophorone Market Size, Share & Trends Analysis Report By Application (Paints And Coatings, Printing Inks, Artificial Leather & Adhesives), By Region, And Segment Forecasts, 2024 - 2030
Isophorone Market Size & Trends
The global isophorone market was estimated at USD 1.36 billion in 2023 and is projected to expand at a CAGR of 5.1% from 2024 to 2030 owing to its rising demand in the formulation of adhesives. In adhesive formulations, the product serves as a hardening agent. Adhesives are employed in various end-user applications, such as polyvinyl chloride, plastics, polystyrene, etc. Rising demand for this application is further expected to increase the product demand globally.
The product market is also driven by its increasing significance in printing inks and artificial leather due to its excellent solvency and chemical stability. In printing inks, the product acts as a solvent that efficiently dissolves various resins and pigments ensuring sooth ink formation. Whereas, during the production of artificial leather the product is used to impart desired texture, flexibility and durability.
Isophorone is an unsaturated colorless to yellowish cyclic ketone with a characteristic smell. It is used as a solvent and an intermediate in organic synthesis. The product also occurs naturally in cranberries,
The product is used as an intermediate in manufacturing polyurethane field compounds, mainly isophorone diamine and isophorone diisocyanate. It is also used as a chemical intermediate and ingredient in wood preservatives and floor sealants. In addition, the product is used in formulating pesticides and herbicides as an inert ingredient.
Global Isophorone Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global isophorone market report based on application & region.
Application Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
Paints and Coatings
Printing Inks
Artificial Leather
Adhesives
Agrochemicals
Composites
Others
Regional Outlook (Volume, Kilotons, Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
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