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Oct 5, 2020 10:15 AM ET

Global Isoprenol Market is expected to reach around USD 458.9 Million in 2021

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “Isoprenol Market by Product (Agrochemicals, Aroma Chemicals, Pharmaceutical, Polymers and Others) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2026.” According to the report, the isoprenol market accounted for USD 381.3 Million in 2019 and is expected to reach USD 602.61 Million by 2026, growing at a CAGR of around 5.4% between 2020 and 2026.

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The global isoprenol market is majorly boosted by increasing demand for aroma chemicals all over the world. In addition to this, increasing demand from the pharmaceutical sector is also expected to drive the size of isoprenol market in the years to come. Rising demand for agrochemicals particularly in Asia Pacific is planned to speed up the requirement for isoprenol market in the coming couple of years. On the other hand, stringent environmental rules might impede the development of the isoprenol market.

Nevertheless, rising investments in R&D activities and new product launches by market players might offer new growth avenues for the isoprenol market in the years to come. For example, in 2018 aroma chemical intermediates by market player Kuraray were launched. The product lineup contained isovaleraldehyde, isoprenol, and prenol, which can be modified into a broad range of aroma chemicals.

In 2019, Asia Pacific ruled the global isoprenol market. It added up for over 35% share of the entire volume consumption of isoprenol market in 2019. In addition to this, it is one of the quickest developing regions for isoprenol market in years to come. This development is credited to increasing demand for agrochemicals particularly pesticides in the area. Asia Pacific is an agricultural area. Farming and agriculture are the main occupations in Asia Pacific particularly in China, India, Indonesia, and Thailand. Hence, requirement for agrochemical is elevated in the area, boosting the global isoprenol market. Increasing demand for aroma chemical and emerging pharmaceutical sector are some of the factors likely to drive the requirement for isoprenol market over the years to come in the region.

Major market players of isoprenol market comprise Nanjing Chemical Material Corporation, Kuraray Co., Ltd., Triveni Interchem Pvt. Ltd., Guangzhou Chen Yu Chemical Co., Ltd., Jilin Zhongxin Chemical Group, BASF SE, NHU, and Amyrics Inc. among others.

The global isoprenol market is segmented as follows:

By Applications

By Region

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Keywords:    Global Isoprenol Market

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