Lucintel Forecasts the Global Isophthalic Acid Market to Reach $3.3 billion by 2030
Lucintel Forecasts the Global Isophthalic Acid Market to Reach $3.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global isophthalic acid market looks promising with opportunities in the plastic, coating, fiber, packaging, and lubricant markets. The global isophthalic acid market is expected to reach an estimated $3.3 billion by 2030 from $2.7 billion in 2024,at a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are rising demand for fire-resistant surface coatings, escalating demand for this substrate from the construction industry, and increasing demand for lightweight and recyclable materials.
A more than 150-page report to understand trends, opportunity and forecast in isophthalic acid market to 2030 by application (PET resin production, UPR production, thermo-resistant coating, thermosetting fiber, copolyester polymer, and others), end use (plastics, coating, fibers, packaging, lubricants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the application category, PET resin production will remain the largest segment over the forecast period due to its widespread use in the packaging industry for goods such as plastic bottles and containers.
Within the end use category, plastic is expected to witness the highest growth due to the rising use of purified isophthalic acid in the production of PET plastic.
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In terms of regions, North America is expected to witness the highest growth over the forecast period.
LOTTE Chemical, The Chemical Company, Merck, Eastman Chemical, International Chemical, Thermo Fisher Scientific, Mitsubishi Gas Chemical are the major suppliers in the isophthalic acid market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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