The isophthalic acid market is anticipated to experience a 6.0 percent growth in terms of value from 2018, reaching USD 2.37 Billion by 2028. Isophthalic Acid, an aromatic and colorless organic compound, functions as an isomer of terephthalic acid and phthalic acid. Its industrial production involves the oxidation of meta-xylene. The surge in demand for PET bottles and containers, particularly in industries producing soft drinks, detergents, cosmetics, and pharmaceutical products, is driving market growth.

In North America, the consumption of isophthalic acid is expected to grow slowly, with market expansion primarily attributed to increased production of PET bottle resin in the United States. Meanwhile, the European market faces constraints due to intense competition from Middle Eastern countries in the supply of materials for PET bottle resin.

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Companies considered and profiled in this market study

Mitsubishi Gas Chemical Company, Lotte Chemical Corporation, British Petroleum, Exxonmobil, Perstorp, Total Petrochemicals, Eastman Chemical Company, Koch Chemical Company, AG International Chemical Company Inc. and Versalis S.P.A among others.

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driving factors of Isopthalic Acid Market

  1. Increased Demand for PET Bottles and Containers: The rising demand for PET (polyethylene terephthalate) bottles and containers, especially in industries such as soft drinks, detergents, cosmetics, and pharmaceuticals, is a key driving factor for the isophthalic acid market.
  2. Industrial Manufacturing Process: Isophthalic acid is industrially manufactured by oxidizing meta-xylene. The efficiency and scalability of this manufacturing process contribute to the growth of the market.
  3. Growth in PET Resin Production: The growth of the isophthalic acid market is closely linked to the increased production of PET bottle resin. This is particularly evident in regions like North America, where the rising production of PET bottle resin in the United States is driving market expansion.
  4. Market Expansion in Developing Regions: Emerging markets and developing regions are witnessing a surge in demand for isophthalic acid, driven by the growth of various end-use industries and increased consumption of PET-based products.

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