Isophorone is an organic ketone, mostly colorless, with a menthol aroma. It is not a natural resource and requires controlled synthesis. Isophorone is available mostly in vapor form in the atmosphere. It is slightly soluble in water. It is hazardous due to its toxicity requiring careful handling.Isophorone is mainly utilized as high boiling point solvent and in organic compound synthesis. It provides flowing propertiesand brightfinishes to final products.
The major users of Isophorone in terms of direct application is in the metal coating and printing industry.In terms of end-use, the construction industry is the largest shareholder.
Isophorone is used in making coatings for metal cans, metal paints, and print inks. It is also used as a solvent for paints, binders, pesticides, adhesives, and resins. It is used as a building blockfor the preservation of wood and sealing floors. Its derivatives have found use in corrosion protection and DNA binding.Market Dynamics
The demand for Isophorone is mainly driven by its use as a solvent for polymers, and intermediary chemical compounds in the coating industry. This demand gets more push with newer usages like ultraviolet curing and artificial leather making. High-performance composites in another upcoming sector for isophorone.
This increasing demand is constrained by health concerns due to its carcinogenic nature. Ithas been detected in drinking water at low concentrations in various cities. Another similar linkage is exposure inworkersto isophorone based end-products like paints, adhesives etc.However, increasingly better safety systems are starting to alleviate them, providing huge impetus to rising demand in theisophorone market.Market Segmentation
The market can be segmented in terms of the product types, andits application.
On the basis of product type, the classifications are condensation based - liquid, solid heterogeneous catalytic, and others.Based on application, it can be classified on the basis of its requirements for various chemicals like IPDI, herbicides etc.
Additionally, the geographical concentration of the makers and the markets give an additional layout to these segments.
The major manufacturers are located in Europe (Germany, Belgium) and North America (USA). But slowly the manufacturers are moving to areas of future demand in developing economies of APAC (China). Isophorone has a worldwide market due to its necessity in chemical production and construction. AlthoughNorth Americais currently the leading consumer of isophorone, future growth will come from its second largest market in the APACregion, especially Chinawith its construction boom. Europe follows after both the regions.
Substitution of depleting natural resources require artificial products. Isophorone is well-placed as a starting material for difficult to produce compounds.With research, isophorone usage is being found in composites and alternative chemicals.Movement of the manufacturing hub by various players towards APAC provides opportunities in newer markets.Key Players
Some of the major players in the market include Dow, Evonik, Bayer, Arkema, Vencorex, Qian Yan, and SI Group.Report Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus