Isophorone is a clear colorless liquid, with a camphor-like odor. Less dense than water and insoluble in water, boiling point 420°F, flash point near 200°F. Contact irritates skin and eyes; Toxic by ingestion; Used as a solvent and in pesticides.
The Isophorone industry is highly concentrated, there are only no more than ten manufacturers in the world, and high-end products mainly come from North America and Western Europe.
In the world wide, major manufactures are Evonik, Dow, Arkema, QianYan, SI Group and etc. In the last several years, global market of Isophorone developed fast, with an average growth rate of 9%. In 2015, global capacity of Isophorone is nearly 344K MT, and the actual production is about 240K MT.
2 EU is the largest producer (production 109 K MT in 2015) and consumer (consumption 109 K MT in 2015) of Isophorone, and is expected to retain the higher growth rate during the next five years due to strong growth in downstream industry.
The second place is North America, following EU with the sales market share of 22% and the production market share nearly 28%. Some players in USA have plants in EU.
China is another important market of Isophorone, enjoying 22% production market share and 34% sales market share. China had a long time when it had to depend on foreign Isophorone and there was no Chinese manufactures in China. Now Qian Yan is the biggest Chinese player, and a new player-Huanxin has built its factory of Isophorone. There are also some foreign plants of Isophorone in China.
Main players are from USA and Europe, like Evonik, DOW, Arkema, and they have many plants in other regions. China also can supply Isophorone, but the products are mainly consumed in China.
Market competition is intense. Evonik, DOW, Arkema, etc. are the leaders of the industry, and hold key technologies, with high-end customers, have been formed in the monopoly position in the industry. However, with further expanding market, there will be more manufactures in the future.
According to this study, over the next five years the Isophorone market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Isophorone business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Isophorone market by product type, application, key manufacturers and key regions and countries.
This study considers the Isophorone value and volume generated from the sales of the following segments:
Global Isophorone Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Isophorone Industry report also provides essential attributes associated with Isophorone market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Isophorone Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Isophorone business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Isophorone market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Solid Heterogeneous Catalytic Condensation
Market Segment by Applications, can be divided into:
The prospective of this Isophorone industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Isophorone present market share and future prospects of the segment in terms of has also been explored in this report.
Global Isophorone market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Isophorone report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Isophorone Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.