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Isoprenol Market worth USD 458.9 million and CAGR 5.6% by 2021,Globally

11-22-2016 06:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: zion market research

Isoprenol Market worth USD 458.9 million and CAGR 5.6%

Zion Research has published a new report titled “Isoprenol Market for Agrochemicals, Aroma Chemicals, Pharmaceuticals, Polymers and Other Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021.” According to the report, global isoprenol market was valued at USD 331.9 million in 2015 and is expected to reach USD 458.9 million in 2021, growing at a CAGR of 5.6% between 2016 and 2021.

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Isoprenol is a light yellow to a colorless liquid. It is also referred as 3-methyl-3-butene-1-ol. Isoprenol is manufactured industrially as an intermediate to prenol (3-methyl-3-butene-1-ol). It is mainly used as a building block for aromatic chemicals and for pharmaceutical active ingredients. Moreover, it also finds use in the production of dyes, solvents, and paints. Isoprenol is widely used in agrochemicals for producing insecticides and pesticides. Isoprenol has many advantages such as durability, high water reduction, and low dosage. It is also used for protection from corrosion of steel and is environmentally friendly in nature.

The isoprenol market is primarily driven by strong demand from agrochemical and pharmaceutical industry. Rising demand for aromatic chemicals for use in perfumes is also expected to boost the demand for isoprenol, thus driving the global isoprenol market in the forecast period. Isoprenol also finds use in the production of dyes, solvents, and paints. Thus, developing paints and coatings sector is one of the major driving factors for the growth of the isoprenol market. In addition, the growth in the construction industry due to the rapid urbanization in the emerging countries is likely to fuel the demand for isoprenol. This, in turn, is anticipated to be the main driving factor for the increase in worldwide isoprenol market in the coming years. However, stringent environmental regulations may hamper the market growth.

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On the basis of applications, global isoprenol market can be segmented into agrochemicals, pharmaceuticals, aromatic chemicals, polymers and others. Aroma chemicals segment was the leading application segment for isoprenol in 2015 and accounted for the significant share in the same year owing to its widespread use in perfumes. The pharmaceutical application segment is likely to witness considerable growth in the forecast period. Isoprenol is mainly used as an intermediate in the chemical industry for the synthesis of active pharmaceutical ingredients. It acts as a building block for pharmaceutical active ingredients.

Geographically, isoprenol market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The isoprenol market was dominated by Asia Pacific with the major market share of total volume consumption in 2015. China led the Asia Pacific isoprenol market. Asia Pacific is followed by North America and Europe. The Middle East & Africa are expected to witness sluggish growth for isoprenol market within the forecast period.

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At present, the isoprenol is a monopolized industry. There are two key manufacturers who dominate the market such as BASF and Kuraray. As the isoprenol market is in the nascent stage, global market players are investing in research and development for high-quality isoprenol to match its growing demand from the end use industries. The key players of isoprenol market include Kuraray Co., Ltd., Nanjing Chemical Material Corporation, Guangzhou Chen Yu Chemical Co., Ltd., Triveni Interchem Pvt. Ltd., BASF SE, Jilin Zhongxin Chemical Group and Amyrics Inc.

Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/isoprenol-market

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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