Isopthalic Acid Market Size is Grow USD 1.50 Billion at a CAGR of 6.0% by 2028 | Reports and Data

An increase in demand for PET bottle resins and unsaturated polyester resins are the major factors influencing market growth.

The global Isopthalic Acid Market is expected to reach USD 2.37 Billion by 2028, according to a new report by Reports and Data. Isophthalic acid is an aromatic colorless organic compound which serves as an isomer of terepthalic acid and phthalic acid and is industrially manufactured by the oxidizing meta-xylene.

There is an increase in the demand for PET bottle and containers among end-user especially in companies manufacturing soft drinks, detergents, cosmetics and pharmaceutical products among others. PET also finds application in the production of water resistant papers. This increased demand of PTE is forecasted to boost the market growth.

A rise in the use of unsaturated polyester resin for use in water tanks, pipes and marine & automotive industries is also one of the major factors driving the market growth.

One of the major factors restricting the market growth is the mandating of stringent regulations and policies. The EPA and REACH have framed certain stringent regulations and policies which are likely to hinder the market growth.

Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/1191

Top Companies: 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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