Isoprenol Market - Forecast(2021 - 2026)

According to the World Health Organization (WHO), globally, around 91% of the population is lives in air polluted regions that exceed WHO’s standardized parameters. This high toxicity level in the air is largely contributed by fossil fuel usage in the world thereby requiring alternative biofuel production to maintain environmental equilibrium. The isoprenol industry is observed to expand and generate huge demand in the global market as an effective biofuel. The global isoprenol market revenue reached $195 million in the year 2018. The demand is increasing significantly with high usage of isoprenol in aromatic and agrochemicals industry as a raw material. High dependency on isoprenol in biofuel production plants marks as a key attribute to its increasing industrial production thereby propelling the global isoprenol market growth. Agrochemicals market is a macro-industry relying heavily on chemicals for manufacturing pesticides, herbicides, and others for boosting modern agricultural activities. This industry is projected to exert huge demand pull on the isoprenol market which is projected to grow at a CAGR of 4.1% during the forecast period of 2019-2025.

The global isoprenol market demand on the rise attributed to increasing environmental concerns, expanding agrochemical industry, and increasing aromatic chemical usage throughout the world. This demand is anticipated to grow at a CAGR of 3.5% through to 2025.

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With a large base of agrochemical industry such as Sinofert Holdings Limited and Arysta LifeScience in Asia with leading agricultural productivity creates a greater scope of opportunity for the isoprenol industry to prosper in this region. APAC region contributed largely to the global isoprenol market whereby it held a major regional share of 38% in the year 2018. APAC is one of the most populous nations in the world which implicates a strong purchasing power defining a stronghold in the consumer products market such as soaps, shampoos, fragrances, and others. This is reflective of the huge dependency on aromatic chemical industries which owing to which the isoprenol market demand is driven simultaneously.

Isoprenol Market Growth Drivers:

· Increasing incidences of crop infest, modern farming methods rely on agrochemicals higher productivity and reduced crop loss. The growth of the agrochemical industry generates huge demand for the isoprenol supply thereby elevating the market revenue generation.

· Hike in the prices of fossil fuels and resultant greenhouse emission of its usage are likely to bring high demand for isoprenol market with greater inclination towards global biofuels production.

· Growing emulsifier market subsequently stimulates the isoprenol (aromatic chemicals) market growth owing to its application in several cosmetic industries, food and beverage industries, and cleansing products.

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Isoprenol Market Key Players:

Ernesto Ventós S.A, Guangzhou Chen Yu Chemicals Co., Jilin Zhongxin Chemical Group, Kuraray Co., Ltd, Nanjing Chemical Material Corporation, BASF, Zhejiang NHU Company Ltd., Triveni Interchem Pvt. Ltd, Haihang Group, Shenyang East Chemical Science-Tech Co., Ltd, and Eiken Chemical Co

Kuraray Co. is a Japanese chemical manufacturer and distributor dealing in polymer products, elastomers and fibers, and medical products. Kuraray’s isporenol gains prominence among the pharmaceutical, aroma chemical, agrochemical, and polymer industries for incorporating fresh fragrance in the delivered products.

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Isoprenol Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Isoprenol market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Isoprenol in Isoprenol market and their specific applications in different areas.

Isoprenol Market: Industry Coverage:

The global isoprenol market is classified on the basis of application type. Agrochemicals, aroma chemicals, pharmaceuticals, polymers, and others are included in the application categorization.

The Isoprenol market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

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