Market Overview:
The global purified isophthalic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PET copolymer resins, unsaturated polyester resins, alkyd or polyester surface coating resins, amorphous polyamide resins and adhesives. Additionally, rising demand from end-use industries such as automotive and construction is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A colorless, oily liquid with a pungent odor, isophthalic acid is used as a monomer in the manufacture of polyesters and other plastics.
Purity 99%:
Purity 99% is a new term in the isophthalic acid market. It means that 99% of the total content of the bottle contains pure ISOPHTHALIC ACID. The rest 1% contains water and other impurities like sulfur, calcium, sodium and potassium which are not harmful to human beings or animals.
The purity level has increased from 90-95%.
Purity 99.5%:
Purity 99.5% is a colorless and highly viscous liquid, which is used as a feedstock for the production of Isophthalic Acid (IPA). The product has high purity levels as compared to other commercially available products. It also has low impurities content, which makes it suitable for use in pharmaceuticals and food additives industries.
Application Insights:
The PET copolymer resins segment dominated the global purifed isophthalic acid market in terms of revenue share in 2017. The growing packaging industry across the globe is expected to drive demand for PET resins over the forecast period. Moreover, increasing use of polyester as a substitute for other plastics due to its superior properties such as high impact resistance and durability will further boost product demand.
Unsaturated polyester resins (UPR) application segment was valued over USD 100 million in 2017 and is anticipated to witness significant growth on account of their rising applications including coating, molding, extrusion and co-extrusion among others. They are also used as an adhesive agent or between substrates such as glass fiber reinforced plastic composites along with EVA foam which further drives product consumption globally.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Malaysia and Thailand. Furthermore, rising demand for packaging materials coupled with the growth of automotive industry in this region will drive product consumption further.
Europe purifed isophthalic acid market was valued at USD X million in 2017 owing to high demand from end-use industries such as paints & coatings; adhesives & sealants; plasticizers; polyamides etc. The presence of stringent regulations by European Union (EU) regarding VOC emissions coupled with strict implementation of REACH legislation will have a positive impact on industry growth over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Growing demand for lightweight and fuel-efficient vehicles
- Rising awareness about the benefits of using purified isophthalic acid in various applications
- Technological advancements in purification processes
- Growing investments by leading players to expand their production capacities
Scope Of The Report
Report Attributes
Report Details
Report Title
Purifed Isophthalic Acid Market Research Report
By Type
Purity 99%, Purity 99.5%, Others
By Application
PET Copolymer Resins, Unsaturated Polyester Resins, Alkyd or Polyester Surface Coating Resins, Amorphous Polyamide Resins, Adhesives, Others
By Companies
Eastman, Perstorp, Lotte Chemical, British Petroleum (BP), Total Petrochemicals, A.G. International Chemical Company Inc (Agic), Cepsa, Exxonmobil, Formosa Chemicals, Koch Chemical Company, Mitsubishi Gas Chemical, Samsung Total Petrochemicals, Versalis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Purifed Isophthalic Acid Market Report Segments:
The global Purifed Isophthalic Acid market is segmented on the basis of:
Types
Purity 99%, Purity 99.5%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PET Copolymer Resins, Unsaturated Polyester Resins, Alkyd or Polyester Surface Coating Resins, Amorphous Polyamide Resins, Adhesives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman
- Perstorp
- Lotte Chemical
- British Petroleum (BP)
- Total Petrochemicals
- A.G. International Chemical Company Inc (Agic)
- Cepsa
- Exxonmobil
- Formosa Chemicals
- Koch Chemical Company
- Mitsubishi Gas Chemical
- Samsung Total Petrochemicals
- Versalis
Highlights of The Purifed Isophthalic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99%
- Purity 99.5%
- Others
- By Application:
- PET Copolymer Resins
- Unsaturated Polyester Resins
- Alkyd or Polyester Surface Coating Resins
- Amorphous Polyamide Resins
- Adhesives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Purifed Isophthalic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Purified isophthalic acid (PIA) is a clear, colorless liquid with a sour odor. It is used as an industrial solvent and in the production of plastics.
Some of the major players in the purifed isophthalic acid market are Eastman, Perstorp, Lotte Chemical, British Petroleum (BP), Total Petrochemicals, A.G. International Chemical Company Inc (Agic), Cepsa, Exxonmobil, Formosa Chemicals, Koch Chemical Company, Mitsubishi Gas Chemical, Samsung Total Petrochemicals, Versalis.
The purifed isophthalic acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Purifed Isophthalic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Purifed Isophthalic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Purifed Isophthalic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Purifed Isophthalic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Purifed Isophthalic Acid Market Size & Forecast, 2018-2028
4.5.1 Purifed Isophthalic Acid Market Size and Y-o-Y Growth
4.5.2 Purifed Isophthalic Acid Market Absolute $ Opportunity
Chapter 5 Global Purifed Isophthalic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Purifed Isophthalic Acid Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 99.5%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Purifed Isophthalic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Purifed Isophthalic Acid Market Size Forecast by Applications
6.2.1 PET Copolymer Resins
6.2.2 Unsaturated Polyester Resins
6.2.3 Alkyd or Polyester Surface Coating Resins
6.2.4 Amorphous Polyamide Resins
6.2.5 Adhesives
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Purifed Isophthalic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Purifed Isophthalic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Purifed Isophthalic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Purifed Isophthalic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Purifed Isophthalic Acid Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 99.5%
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Purifed Isophthalic Acid Market Size Forecast by Applications
9.10.1 PET Copolymer Resins
9.10.2 Unsaturated Polyester Resins
9.10.3 Alkyd or Polyester Surface Coating Resins
9.10.4 Amorphous Polyamide Resins
9.10.5 Adhesives
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Purifed Isophthalic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Purifed Isophthalic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Purifed Isophthalic Acid Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 99.5%
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Purifed Isophthalic Acid Market Size Forecast by Applications
10.10.1 PET Copolymer Resins
10.10.2 Unsaturated Polyester Resins
10.10.3 Alkyd or Polyester Surface Coating Resins
10.10.4 Amorphous Polyamide Resins
10.10.5 Adhesives
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Purifed Isophthalic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Purifed Isophthalic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Purifed Isophthalic Acid Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 99.5%
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Purifed Isophthalic Acid Market Size Forecast by Applications
11.10.1 PET Copolymer Resins
11.10.2 Unsaturated Polyester Resins
11.10.3 Alkyd or Polyester Surface Coating Resins
11.10.4 Amorphous Polyamide Resins
11.10.5 Adhesives
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Purifed Isophthalic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Purifed Isophthalic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Purifed Isophthalic Acid Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 99.5%
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Purifed Isophthalic Acid Market Size Forecast by Applications
12.10.1 PET Copolymer Resins
12.10.2 Unsaturated Polyester Resins
12.10.3 Alkyd or Polyester Surface Coating Resins
12.10.4 Amorphous Polyamide Resins
12.10.5 Adhesives
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Purifed Isophthalic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Purifed Isophthalic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Purifed Isophthalic Acid Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 99.5%
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Purifed Isophthalic Acid Market Size Forecast by Applications
13.10.1 PET Copolymer Resins
13.10.2 Unsaturated Polyester Resins
13.10.3 Alkyd or Polyester Surface Coating Resins
13.10.4 Amorphous Polyamide Resins
13.10.5 Adhesives
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Purifed Isophthalic Acid Market: Competitive Dashboard
14.2 Global Purifed Isophthalic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman
14.3.2 Perstorp
14.3.3 Lotte Chemical
14.3.4 British Petroleum (BP)
14.3.5 Total Petrochemicals
14.3.6 A.G. International Chemical Company Inc (Agic)
14.3.7 Cepsa
14.3.8 Exxonmobil
14.3.9 Formosa Chemicals
14.3.10 Koch Chemical Company
14.3.11 Mitsubishi Gas Chemical
14.3.12 Samsung Total Petrochemicals
14.3.13 Versalis
