Isophorone Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Isophorone market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Isophorone Market report is anticipated to register a CAGR of 4.32% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Isophorone Market are –
- CHAIN FONG
- Evonik Industries
- Greenchem Industries LLC
- Henan energy chemical industry group co. LTD.
- Jiangsu Huanxin High Tech Materials Co.
- Mitsui Chemicals
- Prasol Chemicals PVT. LTD.
- QianYan New Material Technology Co. Ltd
- SI Group
- Wanhua Chemical Group Co. LTD
The global isophorone market is expected to register a CAGR of 4.32% during the forecast period, 2018 to 2023. North America holds the largest share in 2017, in terms of demand, in the global isophorone market, while Asia-Pacific ranks second in terms of isophorone consumption, followed by Europe.
Growing Demand for Coating Applications in Asia-Pacific
Many countries in the Asia Pacific region are witnessing consistent growth in their economy. The GDP growth of countries, such as China and India is 6.6 and 7.2 respectively in 2017. China, being the largest market in the Asia Pacific region for coatings, especially protective coatings, is expected to increase because of expanding industries in the country, such as automotive, construction, shipbuilding, and petrochemicals. India has been witnessing an increased demand for architectural coatings, majorly because of growing industrial infrastructure. In Vietnam, industrial wood coatings demand has been on a rise because of the increasing exports of Vietnamese made furniture. Countries, like South Korea and Singapore are witnessing a demand for marine coatings as they are emerging to be the hubs for maritime transportation and there have been growing shipbuilding activities in these nations. Isophorone is used as a solvent in coatings and the growing application of coatings is expected to boost the market during the forecast period.
Increasing Applications in Paints & Coatings
Paints & coatings is one of the key consumers of isophorone market. Isophorone is used in the manufacture of various paints & coatings owing to its ability to enhance the fluidity of the coating. The demand for paints & coatings in Asia-Pacific is increasing at healthy rate owing to the increasing demand from construction and automotive industries. Additionally, recovery of construction sector in developed regions primarily Europe is also another boosting factor for the paints & coatings market. Furthermore, increasing demand for automotive coatings in emerging countries is also projected to support the demand for isophorone during the forecast period.
North America to Dominate the Market
North America isophorone market is mainly dominated by end-user industries, like paints & coatings, composites etc. and the demand for isophorone is expected to increase at a steady rate because of growth in the end-user industries. The composite market in the United States has witnessed a y-o-y growth rate of 4.2% in 2016-2017. The United States is the also the second largest producer of paints and coatings globally, after China. The growing construction activities are fueling the demand for paints & coatings in the country, which is expected to augment the demand for isophorone in recent years.
Major Players: BASF, Bayer, Evonik Industries, DowDupont and Huntsman, amongst others.
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Scope of the Report:
The report analyses Isophorone market, which includes –
- Analysis of the growth of Isophorone market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Isophorone market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Isophorone market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Isophorone market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Isophorone Market Report:
- Varying dynamics of the Isophorone industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Isophorone market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Isophorone market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Isophorone Market Report:
- The report analyses how stringent emission control norms will drive the global Isophorone market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Isophorone market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Isophorone:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Isophorone Market Report @ https://www.360marketupdates.com/TOC/12885349#TOC
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