Isophthalic Acid Market 2024-2028
The isophthalic acid market is forecasted to grow by USD 792 mn during 2023-2028, accelerating at a CAGR of 5.3% during the forecast period. The report on the isophthalic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for polyester resins, high demand for corrosion-resistant pipes and tanks, and rapid expansion in emerging markets.
Technavio's isophthalic acid market is segmented as below:
By Application
- PET copolymer
- Unsaturated polyester resins
- Surface coating
- Others
By End-user
- Textile industry
- Automotive industry
- Construction
- Marine
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the surge in automotive component production as one of the prime reasons driving the isophthalic acid market growth during the next few years. Also, rising demand for lightweight automotive parts and increasing focus on sustainability will lead to sizable demand in the market.
The report on the isophthalic acid market covers the following areas:
- Isophthalic Acid Market sizing
- Isophthalic Acid Market forecast
- Isophthalic Acid Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading isophthalic acid market vendors that include DHALOP CHEMICALS, Dow Inc., Eastman Chemical Co., EMCO Dyestuff Pvt. Ltd., Formosa Plastics Corp., Golden Dyechem, Groupe Veritas Ltd., Hefei TNJ Chemical Industry Co. Ltd., Indorama Ventures Public Co. Ltd., INEOS Group Holdings S.A., Lotte Chemical Corp., Merck KGaA, Mitsubishi Gas Chemical Co. Inc., Perstorp Holding AB, and Sisco Research Laboratories Pvt. Ltd.. Also, the isophthalic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.