Isoprenol Market Size, Share, Trends, Value 2028

Global Isoprenol Market Size

The global Isoprenol Market accrued earnings worth approximately 400 (USD Million) in 2021 and is predicted to gain revenue of about 700 (USD Million) by 2028, is set to record a CAGR of nearly 5.4% over the period from 2022 to 2028.

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The study provides assessment and analysis of the Isoprenol Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million).

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.

Global Isoprenol Market: Overview

It is a hemiterpene alcohol and is referred by name 3-methylbut-3-en-1-ol. The compound is produced in factories as an intermediary to 3-methylbut-2-en-1-ol. The product is manufactured due to reaction taking place between isobutene and formaldehyde. Moreover, isoprenol is light yellow liquid and it offers myriad benefits including high water reduction, low dosage, and longevity.  Furthermore, the chemical compound is utilized for protecting steel from getting corroded. Additionally, the compound is a key building block for aromatic chemicals. Apart from this, the compound plays a key role of pharmaceutical active constituents.

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Furthermore, isoprenol finds massive application in agrochemicals. In addition to this, the compound finds huge application as raw material for manufacturing super plasticizer from polycarbonate. Massive need for high quality isoprenol across myriad end-use sectors will drive market trends.

Isoprenol Market: Growth Drivers

Thriving pharmaceutical sector and rise in use of aromatic chemicals in perfumes has driven product penetration in pharmaceutical & specialty chemicals industries, thereby driving market growth. In addition to this, a prominent increase in use of isoprenyl in paints & coatings industry will boost expansion of isoprenol industry. Increment in construction activities owing to swift urbanization in emerging economies will translate into humungous expansion of isoprenol industry. Rapid expansion of chemical sector is projected to open new vistas of growth for isoprenol market.

Isoprenol Market: Report Scope

Furthermore, surging cases of crop infestation, launching of new farming techniques, and rise in demand for agrochemicals to improve crop yield will increase growth of isoprenol market. In addition to this, need for reducing crop loss is anticipated to generate new growth avenues for isoprenol industry in ensuing years. Huge rise in crude oil costs and surge in GHG emissions arising due to increase in its use will produce large demand for isoprenol. Preference for biofuels will further drive business growth. Rapidly expanding emulsifier market will favorably impact isoprenol market progress owing to product application in cosmetics & personal care items, cleansing items, and food & beverages.

Isoprenol Market: Competitive Insights

Some of the major players are coining new strategies for producing eco-friendly products with a view to reduce environmental degradation and thus focus on improving quality of life of individuals. We have profiled them in our report and they are Triveni Interchem Pvt. Ltd., Kuraray Co., Ltd., Jilin Zhongxin Chemical Group Co., Ltd., Nanjing Chemical Material Corporation, BASF SE, Guangzhou Chen Yu Chemical Co., Ltd., and Amyrics Inc.

Isoprenol Market: Regional Landscape

Europe To Dominate Isoprenol Industry In 2022-2028

Growth of European market over forecasting timeline is subject to humungous demand for isoprenol in European countries such as Germany. Furthermore, rise in use of product in pharmaceutical, aroma chemicals, and agrochemicals in country will proliferate regional market size. Additionally, aroma chemicals are utilized in fragrance & flavor constituents in European countries. The product is also used as intermediate chemical for making adhesives that are extensively used in vehicles, electrical & electronics, and construction. Increase in research & development ventures pertaining to producing of green products for minimizing carbon emissions will drive regional market penetration.

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Isoprenol Market: Competitive Space

The global Isoprenol market profiles key players such as:

• Triveni Interchem Pvt. Ltd
• Kuraray Co Ltd
• Jilin Zhongxin Chemical Group Co., Ltd
• Nanjing Chemical Material Corporation
• BASF SE
• Guangzhou Chen Yu Chemical Co., Ltd
• Amyrics Inc

The Global Isoprenol Market is segmented as follows:

Global Isoprenol Market By Application

• Agrochemicals
• Pharmaceuticals
• Flavor & Fragrance
• Polymers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa