The growing demand for concrete protection, in a flooring system, paving, lamination and repair are driving the market growth. Growing usage in the epoxy formulation to enhance chemical properties is fueling market growth. Rising usage as a structural adhesive, heavy-duty coating, anchoring agents in paints and coatings is further fostering the market growth. Increasing application in the synthesis of optically transparent and hard non-crystalline specialty polyamides is further fostering market growth. In addition to this, increasing production of leather, plastics, dyes, and rubber products owing to intermediate are further pushing the market growth uphill.
The latest report by Value Market Research expects the Global Isophorone Diamine Market to reach USD 1,185.5 million by 2025. It was valued USD 886.1 million in 2018. The report foresees a 4.25% CAGR from 2019 to 2025.
2-STEP LED THE PRODUCT SEGMENT
On the basis of product, 2-step dominated the segment in 2018. Owing to the more efficient process over others, the 2-step method is driving its demand. Since it minimizes synthesis of by-products and maximizes the production of a key compound is promoting its rapid adoption.
EPOXY RESIN DOMINATED THE APPLICATION SEGMENT
In 2018, epoxy resin led the segment and has accounted maximum market share. Growing penetration across building & construction, transportation, consumer goods, wind power, aerospace, and related industries are driving the segment growth. Owing to high thermal stability, durability, mechanical strength, resistance to moisture and heat are some of the properties boosting its application across various industries.
EUROPE LED THE REGIONAL MARKET
Europe has emerged as the leading regional market in 2018. Large-scale industrialization and modernization are driving the regional market. Substantial growth in the automotive industry is generating high demand for a protective coating for interior and exterior application is fueling the regional market growth.
KEY PLAYERS OF THE MARKET
Some of the major players of the market are BASF, Benco Chemical, Central Glass, Central Glass, CNSG Anhui Hong Sifang, Dahua Group, Dallas Group, Dallas Group, Evonik, Excelite, Finoric LLC.
As per this study the Global Isophorone Diamine Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of 6.9%.
Isophorone diamine is a colorless to yellow liquid with low viscosity, denser than water and is highly soluble in water. It is also miscible in other chemical compounds like alcohols, esters, ketones, and others. It is an amine and is thus a base. In addition, it has two amino groups, aromatic diamines and aliphatic diamines which are basically used to produce polyesters, nylons etc. Moreover, it is a type of cycloaliphatic diamine and its peers are 1, 2- diaminocyclohexane, 1, 3-bis (aminomethyl) cyclohexane and 1, 4-bis (aminocyclohexyl) methane.
Market Dynamics
Rising demand across the civil engineering industry application across concrete protection, paving, and repair. Also, growing usage of the product for the production of optically transparent and hard non-crystalline specialty polyamides in amine industry is again propelling product demand. Additionally, owing to their to their weather properties, they are also used in paving concreting and waterproofing. Increasing production of leather, plastics, dyes and rubber products where they are used as intermediate is further fueling industry expansion.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of isophorone diamine.
Market Segmentation
The broad isophorone diamine market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- One-Step Method
- Two-Step Method
By Application
- IPDI
- Epoxy Resin
- Paints & Coatings
- Adhesives
- Composites
By End-Use Industry
- Automotive
- Construction
- Aerospace
- Electronics
- Textile
- Marine
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for isophorone diamine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Isophorone Diamine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Isophorone Diamine market include Evonik, Basf, Wanhua Chem. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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