Isophthalic Acid Market Expected to Reach USD 4.199 Billion by 2032 | Growing at a CAGR of 4.20%

Market Research Future (MRFR) has published a cooked research report on the “Global Isophthalic Acid Market” that contains information from 2018 to 2032. The Isophthalic Acid market is estimated to register a CAGR of 4.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Isophthalic Acid market— 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.

Isophthalic Acid Market Highlights

The global Isophthalic Acid market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 4.199 billion by 2032.

Isophthalic acid is a crucial ingredient in the manufacturing of unsaturated polyester resins, which are extensively used in the construction, automotive, and marine industries. These resins provide outstanding corrosion resistance, durability, and versatility, making isophthalic acid an essential component in modern composite materials. Additionally, the increasing demand for environmentally friendly and sustainable products is driving the market. Isophthalic acid's compatibility with low-VOC (Volatile Organic Compounds) formulations and its role in producing eco-friendly coatings and composites align with the growing emphasis on sustainability.

Segment Analysis

The global Isophthalic Acid market has been segmented based on application and end use.

On the basis of application, the market is segmented into PET Resin Production, UPR Production, Thermo-Resistant Coating, Thermosetting Fiber, Copolyester Polymer and Others. The PET resin production segment was attributed to holding the largest market share in 2022, due to its extensive use in the packaging industry for items such as plastic bottles and containers.

Based on end use, the global Isophthalic Acid market has been segmented into Plastics, Coating, Fibers, Packaging, Lubricants and Others. The plastics segment was expected to hold the largest market share in 2022, due to the versatile and critical role of isophthalic acid in the production of high-performance engineering plastics.

Regional Analysis

The global Isophthalic Acid market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Isophthalic Acid market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Isophthalic Acid market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Isophthalic Acid market comprises of Middle East, Africa, and Latin America.

The largest market share for Isophthalic Acid was maintained by the North American regional sector. This increase is attributed to the region's robust industrial base, particularly in the construction, automotive, and marine industries, where isophthalic acid plays a critical role in the production of high-performance composite materials. Additionally, the growing emphasis on sustainable and environmentally friendly products has led to an increased demand for isophthalic acid in low-VOC coatings, resins, and composites, aligning with North America's commitment to eco-conscious practices. The region's innovation and research focus on advanced materials further solidify its position as a dominant market for isophthalic acid.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Isophthalic Acid is driven by the region's robust chemical and manufacturing industries, where the compound finds extensive use in the production of high-performance resins, coatings, and specialty plastics. Additionally, the increasing emphasis on environmental regulations and the demand for sustainable and low-VOC formulations have fueled the adoption of isophthalic acid.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's rapid industrialization and the growing demand for durable and corrosion-resistant materials in construction, automotive, and consumer goods sectors. Asia Pacific's thriving manufacturing and construction industries rely on isophthalic acid for the production of high-quality resins and coatings, catering to the needs of a booming population and urban development. Additionally, the region's increasing focus on sustainable and eco-friendly practices encourages the adoption of isophthalic acid in environmentally responsible applications, contributing to its market growth.

Furthermore, the rest of the world's Isophthalic Acid market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's growing construction and infrastructure development activities. Isophthalic acid is used in various construction materials, including coatings, composites, and corrosion-resistant coatings, to enhance durability and performance in harsh environmental conditions, which aligns with the increasing demand for sustainable and long-lasting infrastructure.

Key Findings of the Study

• The global Isophthalic Acid market is expected to reach USD 4.199 billion by 2032, at a CAGR of 4.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the region's rapid industrialization and the growing demand for durable and corrosion-resistant materials in construction, automotive, and consumer goods sectors.


• Based on end use, the plastics segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• 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.