Isophorone Market Forecasted to Experience Remarkable Growth

Posted by Jack Martin on May 26th, 2023

Isophorone is a highly flammable, colorless liquid with a strong, sweet, solvent-like odor. It is a cyclic ketone and is used as an industrial solvent and intermediate in the manufacture of various chemicals, including plastics, resins, and pharmaceuticals. The isophorone market is projected to reach USD 1.88 billion by 2030, at a CAGR of 5.0% from USD 1.27 billion in 2022.

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Isophorone is a versatile solvent used in a wide range of industrial applications, particularly in the formulation of adhesives. It is used as a plasticizer, a solvent for synthetic resins, and as a dispersant, stabilizer, and wetting agent in coatings. Isophorone is also used in the production of rubber and plastic, as a solvent in printing inks and as a cleaning agent, and as a reactant in dye and pigment production. In the adhesive industry, it is used to dissolve and disperse resins and other additives to form adhesives. It is also used as a plasticizer in adhesive formulations, as it improves the flexibility and adhesion of the adhesive. Additionally, isophorone is used as a solvent for thermoplastic adhesives and sealants, and as a softening agent for natural and synthetic rubbers.

North America was the largest market for isophorone in 2021, in terms of value. It accounted for more than 30% of the total global isophorone market in 2021. The region has witnessed a steady growth in the demand for isophorone, due to its increasing use in various industrial applications such as paints & coatings, adhesives, inks, and plasticizers. The increasing demand for isophorone in the US and Canada has been a major factor driving the growth of the regional market. The growing automotive and aerospace industries in the US and Canada are also expected to boost the regional market.