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Isoprenol Market

Agrochemicals to Possess 40% Market Share for Isoprenol Market: Fact.MR Study

Published : 26 Oct 2021 Industry: Chemical & Materials

Fact.MR predicts the global sales of isoprenol to exceed US$ 375 Mn by registering a CAGR of 6.5% through the forecast period 2021-2031. Isoprenol is witnessing increased application in agrochemicals, pharmaceuticals, and other key application sectors. With the flavour & fragrance segment gaining fast traction in terms of application, isoprenol manufactures are expected to come across new opportunities over the coming years.

Historically, between 2016 and 2020, global sales of isoprenol expanded at 4% CAGR. The COVID-19 pandemic affected various industries across the globe. With manufacturing operations scaled down to 40-60% of the original capacity, chemical production became significantly constrained, especially during the 1st half. However, this was eventually offset, with fast-tracking of vaccination drives and flattening of infection curves.

Isoprenol has extensive application in the pharmaceutical sector. In addition, demand from regions such as North America, Europe and Asia Pacific due to the presence of end user industries is boosting sales of isoprenol. Furthermore, advancement in manufacturing and isoprenol’s increasing use in various sectors is expected to gain traction for the industry.

Key Takeaways from the Market Study

  • By application, agrochemicals expected to hold highest share for sales possessing 40% market share
  • North America expected to accumulate nearly 40% market share for isoprenol in the assessment period.
  • Europe expected to hold nearly 35% market share through the forecast period.
  • Asia expected to accumulate nearly 25% market share for isoprenol throughout the forecast period
  • Global market for isoprenol likely to expand 1.8x from 2021 to 2031

“Manufacturers of isoprenol are expected to come across lucrative growth scope owing to advancements in agrochemical and pharmaceutical sectors,” opines a Fact.MR analyst

Competitive Landscape

Prominent manufacturers of isoprenol and associated products are looking to leverage a range of expansion strategies. These typically involve introducing new product lines, forging collaborations and varying pricing of existing products. Notable developments are as follows:

  • In June 2021, Kuraray Co. Ltd. announced its decision to raise prices of its isoprene chemical derivative products, which became effective starting from July 1. The increase has been done to the tune of 10-30%, applicable across all products for domestic and export shipments respectively. This move was initiated to recover profitability of the business
  • In April 2019, Haihang Industry Co. Ltd., a prominent isoprenol manufacturer, passed the ISO9001: 2005 quality management certification. This proves that its enterprise management is more standardized.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the isoprenol system market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study indulges essential insights on the market on the basis of application (agrochemicals, pharmaceuticals, flavors & fragrances, polymers and others) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

About the Chemical and Material Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the chemical industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: Yash@factmr.co

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Isoprenol Market Report Size Share Analysis By Application (Agrochemicals, Pharmaceuticals, Flavors & Fragrances, Polymers) & Regional Forecast to 2021-2031