Connect with us

Hi, what are you looking for?

Isopthalic Acid Market Size Analysis, ReportsAndData , & Region Forecast, 2020-2026

An increase in demand for PET bottle resins and unsaturated polyester resins are the major factors influencing market growth.

The global Isopthalic Acid market is expected to reach USD 2.10 Billion by 2026, according to a new report by Reports and Data. Isophthalic acid is an aromatic colorless organic compound which serves as an isomer of terepthalic acid and phthalic acid and is industrially manufactured by the oxidizing meta-xylene.

There is an increase in the demand for PET bottle and containers among end-user especially in companies manufacturing soft drinks, detergents, cosmetics and pharmaceutical products among others. PET also finds application in the production of water resistant papers. This increased demand of PTE is forecasted to boost the market growth.

Isopthalic Acid Market Size – USD 1.30 billion in 2018, Market Growth – CAGR of 6.0%, Market Trends – Rise in vertical integration.

A rise in the use of unsaturated polyester resin for use in water tanks, pipes and marine & automotive industries is also one of the major factors driving the market growth.

One of the major factors restricting the market growth is the mandating of stringent regulations and policies. The EPA and REACH have framed certain stringent regulations and policies which are likely to hinder the market growth.

Request A Free Sample Of This Report : https://www.reportsanddata.com/sample-enquiry-form/1191

The North America market would witness a slow growth in the consumption of isopthalic acid. The market growth of the isopthalic acid in North America is chiefly contributed by the rising production of PET bottle resin in the United States. In Europe market would be more restricted due to stiff competition from the supply of material for PET bottle resin from counties in the Middle East region.

Further key findings from the report suggest

  • Technical grade isopthalic acid is estimated to observe the highest growth rate with a CAGR of 5.9% in the forecast period due to the extensive use of this grade of isopthalic acid in industries and laboratories.
  • Powder form is estimated to have a significant growth rate of CAGR 6.1% in the forecast period. This can be attributed to the rising application of powder form in various industrial manufacturing process.
  • The largest contribution to the market share is by the application segment of PET copolymers with a growth rate of CAGR 6.0% in the forecast period. The PET Copolymers are used in the manufacturing of PET bottle resins used in the manufacturing of soft drink bottles & packaging of cosmetics and detergents among other applications.
  • The packaging industry is projected to hold the largest market share with a growth rate of CAGR 6.1% in the forecast period owing to a rising application of isopthalic acid in production of material used in manufacturing of packaging items for various industries.
  • Asia Pacific holds the largest market and is forecasted to witness the highest growth rate in the forecast period with a CAGR of 6.2%. This can be attributed chiefly to an increase in production of PET bottle resins and unsaturated polyester resins in countries like China and India.
  • Key participants include Mitsubishi Gas Chemical Company, Lotte Chemical Corporation, British Petroleum, Exxonmobil, Perstorp, Total Petrochemicals, Eastman Chemical Company, Koch Chemical Company, AG International Chemical Company Inc. and Versalis S.P.A among others.

Get Discount On This Report : https://www.reportsanddata.com/discount-enquiry-form/1191

For the purpose of this report, Reports and Data have segmented global isopthalic acid market on the basis of type, physical state, grade, application, end-use industry and region:

Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • 99% Pure
  • 5% Pure
  • Others

Physical State Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Crystal
  • Powder
  • Liquid

Grade Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Industrial
  • Technical
  • Reagent
  • Others

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • PET Copolymer
  • Unsaturated Polyester Resin
  • Surface Coating Resins
  • Amorphous Polyamide Resins
  • Others

End-Use Industry Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Paint
  • Coating
  • Plastic
  • Packaging
  • Chemical
  • Automotive
  • Others

To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/isopthalic-acid-market

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

  • North America
    1. U.S.
  • Europe
    1. Germany
    2. UK
  • Asia Pacific
    1. China
    2. India
    3. South-east Asia
  • Latin America
    1. Brazil
  • MEA

Detailed Regional Analysis Covers:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Thank you for reading our report. For further query on the report and customization, please connect with us. Our team will ensure you get the report best suited for your needs.

 

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Squalene Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2026

Solar Tracker Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2020-2026

Fragrance Wax Melts Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2026

Polyvinylpyrrolidone (PVP) Market Revenue Analysis & Region and Country Forecast To 2026

Polyphenylene Sulfide (PPS) Market Size, Share, Key Players, Growth Trend, and Forecast, 2020-2026

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-isopthalic-acid-market

Browse Our Related Reports:

Construction fabrics

Construction fabrics

Construction fabrics

Construction fabrics

Source – HeraldKeepers
Note: The Heraldkeepers News Department was not involved in the creation of this content.

If you have any problem with this press release? Contact the source provider Heraldkeepers.com, you can contact them here.

comtex tracking

COMTEX_389836586/2758/2021-07-15T01:33:42

Written By

You may also like:

Entertainment

‘Halloween Kills’ is the latest picture in the franchise featuring the masked killer continuing the decades-long battle with pure, unstoppable evil.

Life

People walk down a street after the August 14 earthquake in Les Cayes, Haiti, on August 23, 2021 - Copyright AFP/File CHRISTOF STACHEAs many...

World

The story of African swine fever actually does begin in Africa, almost exactly 100 years ago. Since then, it has spread around te globe....

Life

There have been at least two dozen lawsuits filed around the U.S. demanding hospitals give ivermectin, a deworming drug to COVID patients.