Press release
Global Isoquinoline Market to Witness a Pronounce Growth During 2023
Isoquinoline, a structural isomer of quinolone, is a heterocyclic aromatic organic compound. Both isoquinoline and quinoline are benzopyridines, which are composed of a benzene ring fused to a pyridine ring.
Isoquinoline is widely used to produce praziquantel which can cure diseases caused by blood flukes. With increasing populations who suffer from diseases caused by blood flukes, isoquinoline still has a certain market space. China has become the largest producer of isoquinoline at the moment.
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Global Isoquinoline Market: Forecast by Type / Application / Region
As some praziquantel manufacturers adopt new technology to produce their products and give up isoquinoline as raw material, the isoquinoline market is shrinking with some manufacturers are exiting the industry.
Global production of isoquinoline will decrease to 580 MT in 2015 from 1265 MT in 2010. It is estimated that impacted by alternatives, global demand of isoquinoline will keep decreasing with an average growth rate of -12.34% in the coming five years. In addition, similar with that of globe, the production of isoquinoline in China will decrease from 923 MT in 2010 to 580 MT in 2015, accompanied with an average growth of -12.42% in the coming five years.
We tend to believe that this industry has dim future, considering the current demand. As for product prices, the slow downward trend in recent years will continue in the next few years, due to weak demand. Similarly, there will be fluctuations in gross margin.
Over the next five years, LPI(LP Information) projects that Isoquinoline will register a -12.2% CAGR in terms of revenue, reach US$ 3 million by 2023, from US$ 6 million in 2017.
Global Isoquinoline Market: Key Players
AIR WATER
Huanghua Xinnuo Lixing
Anshan Beida
Shanxi Tianyu
Shanghai Xinming
Handan Huida Chemical
Yalu Bio-chemical
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Related Information:
United States Isoquinoline Market Research Report 2018
Europe Isoquinoline Market Research Report 2018
North America Isoquinoline Market Research Report 2018
Asia-Pacific Isoquinoline Market Research Report 2018
China Isoquinoline Market Research Report 2018
EMEA Isoquinoline Market Research Report 2018
Global Isoquinoline Market Research Report 2018
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