Global Isophthalic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Industrial Grade, and Reagent Grade.

By Application;

PET Copolymer, Surface Coating, Unsaturated Polyester Resins, and Others.

By End Use;

Plastics, Coating, Fibers, Packaging, Lubricants, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn156120375 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Isophthalic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Isophthalic Acid Market was valued at USD 2,083.09 million. The size of this market is expected to increase to USD 3,132.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global isophthalic acid market has witnessed significant growth due to its increasing applications across various industries such as plastics, coatings, and textiles. Isophthalic acid, a key raw material in the production of polyethylene terephthalate (PET), is commonly used in the production of resins and fibers, which are integral to the manufacturing of packaging materials, automotive components, and clothing. As industries continue to evolve and the demand for high-quality and durable products rises, the need for isophthalic acid is expected to grow further, reinforcing its presence in the global market.

One of the primary drivers of the global isophthalic acid market is the burgeoning demand for high-performance polymers and resins. In particular, isophthalic acid-based resins are widely utilized in the production of polyester and unsaturated polyester resins, which are crucial in the automotive, construction, and electronics industries. These resins provide improved chemical resistance, thermal stability, and mechanical strength, making them ideal for use in demanding environments. This has led to an increased focus on the development of advanced isophthalic acid derivatives and blends to cater to the growing need for specialized applications.

The market is also benefiting from the expanding textile and apparel sector, as isophthalic acid plays a vital role in the production of polyester fibers, which are extensively used in clothing, home textiles, and industrial applications. The growing consumer preference for synthetic fabrics due to their durability, cost-effectiveness, and easy maintenance has further propelled the demand for isophthalic acid. Additionally, the rise of eco-friendly and sustainable textile production methods has led to an increasing shift towards the use of recycled PET, a key application of isophthalic acid in reducing environmental impact.

Despite the market's positive outlook, the isophthalic acid industry faces several challenges. Volatile raw material prices, environmental concerns, and stringent government regulations regarding chemical manufacturing processes are some of the obstacles that may hinder market growth. The industry is also seeing a rise in competition from alternative materials, such as bio-based chemicals and sustainable polymers, which are gaining traction due to their reduced environmental footprint. Nevertheless, ongoing research and development efforts aimed at improving production processes and developing eco-friendly alternatives are expected to support the continued growth and expansion of the global isophthalic acid market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Isophthalic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand in the production of unsaturated polyester resins (UPR)
        2. Increasing use in the automotive and construction industries
        3. Growing demand for high-performance coatings and adhesives
      2. Restraints
        1. Volatile raw material prices
        2. Environmental concerns and regulatory pressures
        3. Limited production capacity of high-purity isophthalic acid
      3. Opportunities
        1. Growing focus on sustainable and eco-friendly solutions
        2. Emerging markets, especially in Asia-Pacific and Latin America
        3. Technological advancements in production methods
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Isophthalic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. Reagent Grade
    2. Global Isophthalic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. PET Copolymer
      2. Surface Coating
      3. Unsaturated Polyester Resins
      4. Others
    3. Global Isophthalic Acid Market, By End Use, 2021 - 2031 (USD Million)
      1. Plastics
      2. Coating
      3. Fibers
      4. Packaging
      5. Lubricants
      6. Others
    4. Global Isophthalic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. LOTTE Chemical CORPORATION
      2. The Chemical Company
      3. Merck KGaA
      4. Eastman Chemical Company
      5. International Chemical Co. (ICC)
      6. Thermo Fisher Scientific Inc.
      7. Mitsubishi Gas Chemical Company, Inc.
      8. Formosa Chemicals & Fibre Corp.
      9. Beijing Yanshan Petrochemical Company Ltd. (BYPC)
      10. Hefei TNJ Chemical Industry Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market