Global Isoprenol Market Growing Rapidly To Reach USD 458.9 Million By 2021 – ZMR Blog
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Global Isoprenol Market Growing Rapidly To Reach USD 458.9 Million By 2021

Major companies listed for the global 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. These players are set to have a towering affect on the global isoprenol market in the years to come.

As per Zion Market Research, the global isoprenol market was capitalized at USD 331.9 Million in 2015 and is likely to cross USD 458.9 Million by 2021, increasing at a CAGR of 5.6% from 2016 to 2021.

Rising Investments In R&D Activities And New Product Launches By Market Players To Boost The Global Isoprenol Market In The Years To Come

The global isoprenol market is majorly boosted by increasing demand for aroma chemicals all over the world, as per the analysts at Zion Market Research. 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.

Increasing Demand For Agrochemicals (Particularly Pesticides) To Drive The Global Isoprenol Market In The Coming Few Years In Asia Pacific Region

In 2015, Asia Pacific ruled the global isoprenol market. It added up for over 35% share of the entire volume consumption of isoprenol market in 2015. 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.

North America was one of the biggest isoprenol markets in 2015. Europe and North America are likely to see the exponential development in the years to come due to increasing investments in the agro-chemical sector.

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The global isoprenol market is segmented as follows:

By Application

  • Agrochemicals
  • Pharmaceuticals
  • Agrochemicals
  • Polymers
  • Others

By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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