Isoprenol is a colorless liquid, which is widely used in a varied number of applications such as aroma chemicals, pharmaceuticals, agrochemicals, and polymers. IndustryARC’s latest finding represented that the isoprenol market valued at $195m in 2018. Above mentioned applications altogether impacted isoprenol market to grow at a CAGR of 3.50% over the forecast period 2019-2025.
The Isoprenol market research report by IndustryARC is titled as “Isoprenol Market: By Application (Agrochemicals, Aroma chemicals, Pharmaceuticals, Polymers, and Others) & By Geography (Europe, Asia Pacific, North America, Rest of the World) – Forecast (2019 - 2025).” It offers an in-depth assessment of market dynamics which include drivers and opportunities impacting the isoprenol market. In addition to this, the report also provides development insights and trends in the isoprenol market which support the client to set up business decisions in the near future.
Isoprenol Market: Leading Segments
Rapid growth in the human population all over the globe is increasing the demand for food production. Agrochemicals plays a crucial role in agricultural operations to produce qualitative yield of crops. Growing applications of agrochemicals in agriculture, floriculture, horticulture, fuels, water treatment and dyes, corrosion resistance, paints, solvents, and others are anticipated to witness a CAGR of 4.1% during 2019-2025.
APAC has been established as a leading region in the global isoprenol market, which accounts for a share of 38% as of 2018. Worldwide increasing imports of butanols especially in Asia-pacific region has been reflecting the growth of isoprenol market. China occupied a share of 18.9% in butanols imports on a global basis, which is $81.26m during 2018. Rapid growth in the pharmaceutical and construction industries of China has been encouraging the growth of polymers which is indirectly impacting the isoprenol market. Moreover, the presence of agriculture-based countries in this region is accelerating the adoption of isoprenol.
Isoprenol Market: Disruptive Trends
- Currently, isoprenol has been recognized as an advanced biofuel, which is acting as a substitute to petroleum. It is due to its additional characteristics which include low-temperature fluidity, and high energy density. Hence, it is gaining traction as an efficient biofuel. Worldwide, economies investment in alternate fuels to minimize reliance on economically volatile petroleumis a major force, which is disrupting the isoprenol market demand.
- Aromatic chemicals are one of the prominent applications of isoprenol. Utilization of these chemicals is in demand in the production of perfumes. The raise in the usage of perfumes is increasing the aromatic chemicals demand. On the other hand, it is influencing the isoprenol market revenue.
- Increasing usage of isoprenol in the synthesis of polymers is fuelling the growth of isoprenol market.
- Escalating growth of isoprenol in the rubber industry owing to its distinctive properties such as high gum tensile strength, and good resilience particularly in extrusion, molding, mixing and calendaring processes. Increasing automotive tyre demand, coupled with the robust growth of automotive sector is encouraging the growth of isoprenol market.
Isoprenol Market: Competitive Landscape
Ernesto Ventós S.A, Guangzhou Chen Yu Chemicals Co., Jilin Zhongxin Chemical Group, Kuraray Co., Ltd, Nanjing Chemical Material Corporation, BASF, Zhejiang NHU Company Ltd., Triveni Interchem Pvt. Ltd, Haihang Group, Shenyang East Chemical Science-Tech Co., Ltd, and Eiken Chemical Co are some of the prominent companies which are manufacturing Isoprenol. They are considered as the largest market share holders of the global Isoprenol market.
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