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 demonstrates tremendous physical and chemical
properties such as low dosage, high water reduction, etc. Isoprenol is
extensively used in the production of agrochemicals and pharmaceutical active
ingredients. Isoprenol is an eco-friendly chemical. Isoprenol has significant
application in corrosion resistance as well as act as a building block for
aromatic chemicals. It is also used in the production of dyes, solvents, and
paints.
The global isoprenol market is primarily driven by rising
demand for aroma chemicals across the globe. Furthermore, growing demand for
the pharmaceutical industry is also likely to boost the isoprenol market size
in the near future. Increasing demand for agrochemicals especially
in Asia Pacific is projected to accelerate the demand for isoprenol during the
next few years. However, stringent environmental regulations may impede the
growth of isoprenol market. Nonetheless, increasing investments in R&D
activities may offer new opportunities for major players of the isoprenol
market in the forecast period.
The isoprenol market has been segmented by application and
region. On basis of applications, the market has been classified into
agrochemicals, aroma chemicals, pharmaceuticals, polymers and others. Aroma
chemical was the leading application segment for isoprenol market in 2015. It
accounted for around 33% share of the overall market and furthermore it is
expected to maintain its dominance over the market during coming years. This
growth is attributed to growing flavoring and fragrance market across the
globe. Furthermore, the pharmaceutical is another important application segment
of isoprenol market that is expected to exhibits significant growth in near
future. Agrochemicals and polymers are expected to grow at moderate CAGR owing
to increasing usage in various industries such as agriculture, horticulture,
floriculture, etc. moreover, other applications including fuels, corrosion
resistance, water treatment and dyes, paints and solvents are expected to
witness moderate growth in near future.
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Asia Pacific dominated the global isoprenol market in 2015.
It accounted for more than 35% share of the total volume consumption in 2015.
Furthermore, it is one of the fastest growing markets for isoprenol in near
future. This growth is attributed to surging demand for agrochemicals
especially pesticides in the region. Asia Pacific is an agricultural based
region. Agriculture and farming are the main occupations in Asia Pacific
especially in India, China, Thailand and Indonesia. Thus, demand for
agrochemical is high in the region. Emerging pharmaceutical and increasing
demand for aroma chemical are likely to boost the demand for isoprenol in the
region over the years to come.
North America was the one of the largest markets for isoprenol
in 2015. North America and Europe are expected to witness the exponential
growth during the years to come owing to growing investments in the
agro-chemical industry. Furthermore, Latin America is expected to register
moderate growth over the next few years due to the growing agricultural
production, especially in Brazil and Argentina. This, in turn, is likely to
propel the growth of isoprenol market in near future.
Key players profiled in the report include Kuraray Co.,
Ltd., Nanjing Chemical Material Corporation, Guangzhou Chen Yu Chemical Co.,
Ltd., Triveni Interchem Pvt. Ltd., BASF SE, Jilin Zhongxin Chemical Group,
Amyrics Inc and NHU.
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The global isoprenol market has been segmented as follows:
Isoprenol Market: Application Analysis
·
Agrochemicals
·
Pharmaceuticals
·
Agrochemicals
·
Polymers
·
Others
Isoprenol Market: Region Analysis
·
North America
·
Europe
·
Asia Pacific
o
China
o
Korea
o
Japan
o
Indonesia
o
Thailand
o
India
o
Vietnam
o
Singapore
o
Malaysia
·
Latin America
·
The Middle East and
Africa
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