Global Isophorone diamine market was valued at 730 Million US$ in 2018 and is projected to reach 930 Million US$ by 2024
Wednesday, 17 Jun, 2020
Isophorone diamine is a clear to light-yellow liquid. Highly soluble though slightly denser than water. May be toxic by inhalation and skin absorption. Corrosive to skin. Isophorone diamine is a common hardener for epoxy resins and a degradation product for isophorone diisocyanate.
Global Isophorone diamine market was valued at 730 Million US$ in 2018 and is projected to reach 930 Million US$ by 2024, at a CAGR of 4.12% during the forecast period.
Isophorone diamine is an important compound of amines; it is mainly utilized as hardners for epoxy resins, crosslinking agent and Coupling agent for polyurethane, and amine component for polyamide, having a promising application prospect.
Isophorone diamine can be used as epoxy resin curing agent, it is also can be used for IPDI, which is a general chemical. IPDI can be widely used in paint, coating, adhesive and rocket propellant. So, the isophorone diamine has a broad market prospect.
There two ways to produce isophorone diamine: one-step method and two-step method. For one-step method, the isophorone nitrile, ammonia, hydrogen reacts together at the same time. It seems simpler but you will get a part of by-product, so it wastes material. For two-step method, the isophorone nitrile and ammonia, isophorone nitrile and hydrogen react separate. It is the main production method in the market at present.
The isophorone diamine industry concentration is very high; there are only three main manufacturers in the world, and high-end products mainly from Germany. Now, many manufactures are studying the production method of isophorone diamine, like Wanhua Chemical, a manufacture form China. As the isophorone diamine industry is in a monopoly position, there will be more and more manufacturers to join it.
Key players in global Isophorone diamine market include: Evonik, BASF, Wanhua Chemical