DUBLIN--(BUSINESS WIRE)--The "Global Isophorone Market - Segmented by End-user Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global isophorone market is expected to register a CAGR of 4.32% during the forecast period, 2018 to 2023.
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.
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.
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 also the second largest producer of paints and coatings globally, after China.
- CHAIN FONG
- Evonik Industries
- Greenchem Industries LLC
- Henan Energy Chemical Industry Group Co. LTD.
- Jiangsu Huanxin High Tech Materials Co.
- Mitsui Chemicals Inc.
- Prasol Chemicals PVT. LTD.
- QianYan New Material Technology Co. Ltd
- SI Group
- Wanhua Chemical Group Co. LTD
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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