Market Size of Isophorone Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | North America |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Isophorone Market Analysis
The market for isophorone is expected to register a CAGR of more tha 6%, during the forecast period. Rising demand for the use of isophorone in UV-cured coatings is driving the isophorone market. However, toxic effects of isophorone are expected to hinder the growth of the market studied.
- Paints andcoatings segment dominated the market, and is expected to grow during the forecast period, owing to its ability to enhance the fluidity of coatings.
- Synthesis of renewable high-density fuel with isophorone is likely to act as an opportunityin the future.
- North America dominated the market across the world, with the largest consumption.