The global isophthalic acid market size is expected to reach USD 3.85 Billion in 2030 and register a revenue CAGR of 3.9% during the forecast period, according to a latest report by Reports and Data. Rising demand for fibers and films made of copolyester polymers and rising demand for fire-resistant surface coatings among consumers are key factors expected to drive market revenue growth during the forecast period. Growing demand for the fabrication of high-performance protective gear such as astronaut spacesuits, firefighter’s suits, and high-temperature gloves with polymer coatings is expected to drive the market between 2022 and 2030. Unsaturated Polyester Resins (UPRs) and polybenzimidazole fibers are widely used in the fabrication industries to fireproof essential protective gear, thereby increasing its demand. Additionally, purified isophthalic acid is a key component in production of such thermal-resistant resins, thereby, increasing its demand. These factors are expected to increase the adoption of isophthalic acid and drive revenue growth of the market. Furthermore, rising demand for fibers and films made of copolyester polymers that consist of isophthalic acid is another factor that is expected to drive revenue growth of the market.
However, there are concerns regarding environmental pollution during production of isophthalic acid products, which are some factors that could hamper revenue growth of the market. Additionally, point-source toxic air emissions during the production of PET have raised concerns related to environmental pollution, which are some other factors that could hamper revenue growth of the market.
Some Key Highlights in the Report
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For the purpose of this report, Reports and Data has segmented the global isophthalic acid market based on application, end-use, and region:
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