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Global Isophthalonitrile (INP) Market Insight December 29, 2021 Comments

The isophthalonitrile (INP) is forecast to steady increase over the next four years. According to the World Knowledge Information (WKI) “Global Isophthalonitrile (INP) Professional Survey Report 2021, Forecast to 2026”, The high demand forisophthalonitrile (INP) used in various applications such as epoxy curing agent is an important factor to promote the development of isophthalonitrile (INP) market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.02% base on WKI regression analysis model.

Analysts’ Viewpoint:

“With the continuous progress of modern technology, isophthalonitrile (INP), which can be used as an intermediate chemical, has this broad development space.”aid Selena, Senior analyst, Chemical & Material Market Research Center in WKI.”Isophthalonitrile (INP) industry participants should actively carry out technological innovation, simplify production processes, reduce production costs and seize more market share.”

Market insight:

Isophthalonitrile (INP) is a colorless liquid with sweet taste. Isophthalonitrile (INP) is used to produce polyurethane, polyester and nylon resins. Isophthalonitrile (INP) is also used as an intermediate in the production of other chemicals such as acrylonitrile, butadiene and styrene monomers. As isophthalonitrile (INP) is used to produce polyurethane products widely used in furniture and automobile industries, the global demand for isophthalonitrile (INP) has been increasing, which leads to the increase in the demand for isophthalonitrile (INP) by manufacturers of these products all over the world and promotes the expansion of isophthalonitrile (INP) market scale.

However, industry participants in isophthalonitrile (INP) need to pay attention to some other issues. For example, troublesome manufacturing process and high production cost will limit the market growth of isophthalonitrile (INP).

Competition Landscape:

The main market participants operating in the global isophthalonitrile (INP) market are Showa Denko,Mitsubishi Gas Chemical,CAC Group,Jiangsu Weunite Fine Chemical,Suli,Syngenta,SDS Biotech,Sipcam-Oxon and others.

Segmentation of Isophthalonitrile (INP) Market:

According to the type, the isophthalonitrile (INP) market can be divided into 98% purity and 99% purity. Among them, 99% purity is the largest market segment. Because it is suitable for many fields such as chemistry, medicine, analysis, food, energy, materials and so on. Due to the wide availability of its products, it promotes the increase of demand in this segment and the expansion of the scale of this segment. According to the application, the isophthalonitrile (INP) market can be divided into epoxy curing agent, nylon resin, pesticide and others. Among them, epoxy curing agent occupies the leading position in the market. The increasing demand for epoxy curing agent in the construction industry has promoted the increase of demand in the isophthalonitrile (INP) market and the expansion of the overall market scale of isophthalonitrile (INP).

Isophthalonitrile (INP) Market: Regional Analysis

In terms of geography, the global isophthalonitrile (INP) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region dominates the isophthalonitrile (INP) market and grows at the highest compound growth rate in the forecast period. In the Asia Pacific region, China is the largest economy in terms of GDP. Whenever there is a major slowdown, the construction industry supports the country’s economic growth, and the country’s demographic data are expected to continue to stimulate the growth of housing construction. The increase in household income, coupled with the migration of the population from rural to urban areas, is expected to continue to drive the demand of the country’s residential construction industry. The growth of the construction industry in this region has led to a surge in the demand for epoxy curing agent, increased the demand for isophthalonitrile (INP) and expanded the market scale of isophthalonitrile (INP).

Cagr: 5.02%
Largest share area:Asia-Pacific
Largest share country:China