Crude Isophthalic Acid Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2022–2030

Reports and Data’s Global Crude Isophthalic Acid Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry’s driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.

The global Crude Isophthalic Acid market size was USD 2.75 Billion in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period.

Rapid rise in demand for Polyethylene Terephthalate (PET) bottles and increasing adoption of isophthalic acid as thermal and electrical insulation coatings are factors expected to drive market revenue growth during the forecast period. Increasing demand for fibers and films made of copolyester polymers and rising demand for fire-resistant surface coatings among consumers are some other factors expected to boost market revenue growth during the forecast period.

Leading Players- LOTTE Chemical CORPORATION, The Chemical Company, Merck KGaA, Eastman Chemical Company, International Chemical Co. (ICC), Thermo Fisher Scientific Inc., Mitsubishi Gas Chemical Company, Inc., Formosa Chemicals Fibre Corp., Beijing Yanshan Petrochemical Company Ltd. (BYPC), and Hefei TNJ Chemical Industry Co.,Ltd.

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Isophthalic acid is a fragrant, colorless organic compound that normally exists as a white crystalline solid. This is an isomer of terephthalic acid and phthalic acid. It is produced by oxidizing meta-xylene in presence of a cobalt-manganese catalyst. One of the most important products of Purified Isophthalic Acid (PIA) is Polyethylene Terephthalate (PET), which is produced by the esterification reaction of a mixture of isophthalic acid and terephthalic acid with ethylene glycol. PET, in turn, is used throughout to make bottles, containers, and utensils.

Type Outlook:

· Type 1

· Type 2

· Type 3

Application Outlook:

· Polyethylene Terephthalate (PET) Resin Production

· Unsaturated Polyester Resin (UPR) Production

· Thermo-resistant Coating

· Thermosetting Fiber

· Copolyester Polymer

· Others

Key Regional Markets Covered in the Report:

ü North America (U.S.A., Canada, Mexico)

ü Europe (Italy, U.K., Germany, France, Rest of Europe)

ü Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

ü Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

ü Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

The Crude Isophthalic Acid market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Crude Isophthalic Acid market.

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Table of Contents:

1. Report Overview

1.1 Research Scope

1.2 Key Crude Isophthalic Acid market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

2. Global Growth Trends

2.1 Global Crude Isophthalic Acid market size

2.2 Latest regional market trends

2.3 Emerging growth trends

3. Competitive Outlook

3.1 Global Crude Isophthalic Acid market key players

3.2 Global Crude Isophthalic Acid size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Crude Isophthalic Acid market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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