Isophthaloyl Chloride (ICL) Market by Type (Solid Isophthaloyl Chloride, Liquid Isophthaloyl Chloride), By Application (Fibers & Polymers, Pharmaceuticals, Pesticides, Dyes & pigments), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Isophthaloyl Chloride (ICL) Market Outlook
The global Isophthaloyl Chloride (ICL) market size was valued at USD 1,761.2 Million in 2019 and is projected to reach USD 3,266.1 Million by 2027, expanding at a CAGR of 7.8% during the forecast period.
Isophthaloyl Chloride (ICL) is used in a variety of performance polymers and fibers, where it impacts flame resistance, temperature stability, chemical resistance, and flexibility. In addition, it is an effective stabilizer for urethane prepolymers due to its ability to scavenge water. Physical Properties of the Chemical or Product: Isophthaloyl Chloride is a clear water-white liquid above its freezing point and a white crystalline solid at room temperature.
Isophthaloyl Chloride has a boiling point of 272 °C and a melting point of 45 °C. Isophthaloyl Chloride is non-flammable and non-explosive. Moreover, Isophthaloyl Chloride acts as a crosslinking agent in various polymerization reactions. It can also be used for aromatic fiber raw materials, used as a pesticide, pharmaceutical, and polymer intermediates.
Isophthaloyl Chloride (ICL) Market Dynamics
Major Drivers
Although urbanization continues, global population in regions like India still resides in rural areas. As already noted, the population residing in villages has significantly reduced access to quality treatment and medicines. Many pesticides companies are thinking beyond larger cities and targeting rural sectors.
While urban markets are currently more lucrative and will continue to represent a focus for the industry, the untapped potential of Indian rural markets is now seen as the next volume driver. Rising income levels leading to more affordability, improving health infrastructure, and increasing incidence of lifestyle diseases along with the use of health insurance are fueling the growth in rural areas.
Existing Restraints
Environmental exposure
Based on closed systems operations, no emissions would be expected. The substance itself is of no immediate concern for the environment (aquatic and terrestrial compartment. However, contact with moisture or water will create Hydrochloric Acid within the environment.
Side effects on Human Health
Causes severe skin burns. May cause corrosion with pain, ulceration or blisters, cracking or peeling of skin damage may be permanent. Extremely corrosive and destructive to tissue. Eye Corrosive, may cause permanent eye injury if not promptly treated. May cause tearing, pain, redness, swelling, ulceration, visual impairment or blindness. Respiratory tract may cause irritation of the respiratory system.
Isophthaloyl Chloride (ICL) Market Segment Insights
Types Segment Analysis
Based on types, the Solid Isophthaloyl Chloride segment was the largest product segment in the global Isophthaloyl Chloride (ICL) market in 2019. The segment contributed at 65.8% of the global market value in the same year. The Solid Isophthaloyl Chloride segment is expected to dominate throughout the period, 2020-2027 and also anticipated to expand highest CAGR during the forecast. Solid Isophthaloyl Chloride accounts for the largest segment in terms of value and volume.
Solid isophthaloyl chloride is most commonly used as a laboratory chemical. Whereas it is not used for food, drug, pesticide or biocidal product. Solid Isophthaloyl Chloride has density 1.427g/cm3 with melting point - 43-45℃ and boiling point - 276.7°C at 760 mmHg. The flash point of solid isophthaloyl chloride is 131.9°C. In addition, solid isophthaloyl chloride has reactive water solubility.
Moreover, it is corrosive. It also causes eye and skin burns. It can be harmful if absorbed through the skin. It may cause severe respiratory tract irritation with possible burns. It also may cause severe digestive tract irritation with possible burns. Most probably it is moisture sensitive.
Application Segment Analysis
Based on Application, the Application category is further bifurcated into Fibers & Polymers, Pharmaceuticals, Pesticides, Dyes & pigments. Fibers & Polymers segment holds in the highest value share (35.8%) in 2019. Fibers & Polymers, Pharmaceuticals, and Pesticides together hold majority of the market. Fibers & Polymers category is expected to expand at highest CAGR (7.3%) during the forecast, 2020-2027.
Regional Analysis
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is a promising region for the market. It constituted a ~58.0% share of the market in 2019. New energy infrastructure and radical changes in current energy production, towards renewable energy sources, creates opportunities for Isophthaloyl Chloride in China which holds majority of the Asia Pacific market.
The market of Asia Pacific is projected to expand at a CAGR of ~7.0% during the forecast period. Europe and North America are expected to register modest growth owing to the growing demand in the chemical sector in North America. Growing industries for chemical helps the Isophthaloyl Chloride (ICL) market to grow in North America region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Isophthaloyl Chloride (ICL) Market
- Historical, Current and Projected Market Size in terms of Value (USD Million), Consumption (K Kgs)
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Isophthaloyl Chloride (ICL) Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Isophthaloyl Chloride (ICL) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Isophthaloyl Chloride (ICL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Isophthaloyl Chloride (ICL) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Isophthaloyl Chloride (ICL) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Isophthaloyl Chloride (ICL) Market Size & Forecast, 2017-2027
4.5.1 Isophthaloyl Chloride (ICL) Market Size and Y-o-Y Growth
4.5.2 Isophthaloyl Chloride (ICL) Market Absolute $ Opportunity
4.6 Global Isophthaloyl Chloride (ICL) Market: Impact Of Key Regulations
4.7 Proportion of Manufacturing Cost Structure
Chapter 5 Global Isophthaloyl Chloride (ICL) Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
5.2.1 Solid Isophthaloyl Chloride
5.2.2 Liquid Isophthaloyl Chloride
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Isophthaloyl Chloride (ICL) Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
6.2.1 Fibers & Polymers
6.2.2 Pharmaceuticals
6.2.3 Pesticides
6.2.4 Dyes & pigments
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Isophthaloyl Chloride (ICL) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Isophthaloyl Chloride (ICL) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Isophthaloyl Chloride (ICL) Analysis and Forecast
9.1 Introduction
9.2 North America Isophthaloyl Chloride (ICL) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
9.6.1 Solid Isophthaloyl Chloride
9.6.2 Liquid Isophthaloyl Chloride
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
9.10.1 Fibers & Polymers
9.10.2 Pharmaceuticals
9.10.3 Pesticides
9.10.4 Dyes & pigments
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Isophthaloyl Chloride (ICL) Analysis and Forecast
10.1 Introduction
10.2 Europe Isophthaloyl Chloride (ICL) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
10.6.1 Solid Isophthaloyl Chloride
10.6.2 Liquid Isophthaloyl Chloride
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
10.10.1 Fibers & Polymers
10.10.2 Pharmaceuticals
10.10.3 Pesticides
10.10.4 Dyes & pigments
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Isophthaloyl Chloride (ICL) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Isophthaloyl Chloride (ICL) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
11.6.1 Solid Isophthaloyl Chloride
11.6.2 Liquid Isophthaloyl Chloride
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
11.10.1 Fibers & Polymers
11.10.2 Pharmaceuticals
11.10.3 Pesticides
11.10.4 Dyes & pigments
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Isophthaloyl Chloride (ICL) Analysis and Forecast
12.1 Introduction
12.2 Latin America Isophthaloyl Chloride (ICL) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
12.6.1 Solid Isophthaloyl Chloride
12.6.2 Liquid Isophthaloyl Chloride
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
12.10.1 Fibers & Polymers
12.10.2 Pharmaceuticals
12.10.3 Pesticides
12.10.4 Dyes & pigments
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Isophthaloyl Chloride (ICL) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Isophthaloyl Chloride (ICL) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Type
13.6.1 Solid Isophthaloyl Chloride
13.6.2 Liquid Isophthaloyl Chloride
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Isophthaloyl Chloride (ICL) Market Size & Volume Forecast By Application
13.10.1 Fibers & Polymers
13.10.2 Pharmaceuticals
13.10.3 Pesticides
13.10.4 Dyes & pigments
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Isophthaloyl Chloride (ICL) Market: Competitive Dashboard
14.2 Global Isophthaloyl Chloride (ICL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dupont
14.3.2 CABB Chemicals
14.3.3 Ruiyuan Chemical
14.3.4 Yantai Yuxiang
14.3.5 Changzhou Kefeng
14.3.6 Shandong Kaisheng New Materials
14.3.7 Qingdao Benzo
14.3.8 Isophthaloyl Chloride
14.3.9 Weifang Benzo Chemical Co., Ltd
14.3.10 Shandong Kaisheng New Materials Co.
14.3.11 Others (On Request)