Isoprenol Market
Isoprenol Market Analysis by Application (Isoprenol for Agrochemicals, Pharmaceuticals, Flavors & Fragrances, Polymers), by Region (North America Isoprenol Market, Europe Isoprenol Market) - Global Insights 2022 to 2032
Analysis of Isoprenol market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Isoprenol Market Outlook (2022 to 2032)
The global isoprenol market accounted for a valuation of US$ 190 Million in the end of 2021. The worldwide market is gaining traction and is expected to grow at a CAGR of 6.5%, earning US$ 375 Million in market revenue between 2022 and 2032.
| Report Attributes | Details |
|---|---|
|
Anticipated Base Year Value (2021) |
US$ 190 Million |
| Expected Market Value (2022) | US$ 200 Million |
| Projected Forecast Value (2032) | US$ 375 Million |
| Global Growth Rate (2022 to 2032) | 6.5% CAGR |
| Growth Rate of the U.S (2022 to 2032) | 6.3% CAGR |
| Expected Market Value of China (2032) | US$ 100 Million |
| Key Isoprenol Service Providers | BASF SE; Kuraray Co. Ltd.; Amyris, Inc.; Spectrum Chemical Manufacturing Corp.; Tokyo Chemical Industry Co. Ltd.; Toronto Research Chemicals Inc.; Haihang Industry Co. Ltd.; Sure Chemical Co. Ltd. |
As of 2022, the market is poised to reach US$ 200 Million, following a Y-o-Y growth trajectory of 5.2%. Manufacturing advancements, together with increased use in perfumes, agrochemicals, medicines, and flavors are likely to boost isoprenol providers' income in the future years.
Isoprenol is largely utilized in pharmaceuticals, aroma chemicals, agrochemicals, and polymers. It is mostly used as a building block for aromatic compounds. Because of its favorable physical and chemical qualities, isoprenol is also gaining appeal in the global market. In the agrochemicals sector, isoprenol is commonly used to make herbicides and insecticides.
Because it is an environmentally benign chemical, it is widely utilized in crop protection chemicals such as fungicides, herbicides, and insecticides. Increased crop infestations have pushed modern farmers to rely on agrochemicals that boost output while reducing crop loss. The growth of the agrochemicals sector is increasing demand for isoprenol, propelling the worldwide isoprenol market.
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Isoprenol Market Revenue Analysis 2015 to 2021 vs. Future Outlook 2022 to 2032
Isoprenol Market Revenue Analysis 2015-2021 vs. Future Outlook 2022 to 2032
According to Fact.MR, isoprenol sales increased at a CAGR of 4% from 2015 to 2021. The market has grown in recent years as applications in a variety of industries, including agrochemicals and flavors and fragrances, to mention a few, have increased. Furthermore, the increasing number of R&D activities and technologies introduced by important firms boosted industry growth.
Prospects deteriorated substantially during the COVID-19 pandemic, as the disease's highly infectious nature compelled the chemical sector to cease operations. Due to personnel shortages and problems in raw material delivery, manufacturing activities were reduced to 40-60% capacity. This impact, however, rapidly disappeared as the second half of 2020 allowed for the restart of activities, recovering demand.
Isoprenol manufacturers are likely to flourish on innovative technological and chemical solutions. They are likely to acquire more income in the approaching years due to a rise in demand from key application industries. Overall, the business is expected to rise at a CAGR of 6.5% through 2032, amassing US$ 375 Million during the following 10 years.
Prominent Isoprenol Industry Growth Drivers
High Demand for Agrochemicals to Support the Growth of the Isoprenol Industry
Isoprenol is widely utilized in the agrochemical industry in a variety of applications. The manufacture of crop protection chemicals, insecticides and pesticides all rely significantly on isoprenol. Manufacturers of isoprenol are projected to benefit from increased demand from this industry in the future years.
According to a SelectUSA study titled "Agribusiness Spotlight," U.S. agribusiness is a key contributor to the worldwide isoprenol sector, contributing over US$ 159 billion in sales to the U.S. economy in 2018. According to the research, Foreign Direct Investment (FDI) in the United States agricultural industry was more than US$ 14 Billion in 2018. As a result, these numbers provide a glimpse of the expanding potential for isoprenol providers worldwide.
Flavors and Perfumes to Provide Profitable Opportunities in the Isoprenol Market
The worldwide isoprenol market has been segmented by application into agrochemicals, pharmaceuticals, flavor & fragrance, polymers, and others. During the forecast period, the flavor and fragrance sector is expected to dominate the worldwide isoprenol market. In 2019, the taste and fragrance category accounted for a sizable portion of the worldwide isoprenol market.
The segment is expected to grow considerably in terms of volume throughout the projected period. By 2032, the category is expected to account for more than 30% of the worldwide isoprenol market. Agrochemicals are chemical compounds used in agricultural farmlands to replenish nutritional deficiencies in fields or crops. They also help crops develop by destroying hazardous insects. Agrochemicals increase the quantity and quality of agricultural goods. They are utilized in horticulture, dairy farming, cattle, grain farming, and commercial planting, among other agricultural areas.
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Key Challenges Prevalent in the Global Isoprenol Market
Dangerous Effects of Raw Materials on the Isoprenol Market
Isobutene and formaldehyde are two of the most important raw materials utilized in the production of isoprenol and prenol, both of which are classed as hemiterpene alcohols. Isobutene is dangerous to both humans and the environment. When breathed in significant quantities, isobutene has a negative impact on the lungs.
Contact with liquid isobutene can induce frostbite, while contact to isobutene can cause eye, nose, and throat irritation. In addition, it produces headaches, dizziness, lightheadedness, and weariness. Higher levels of isobutene exposure can also cause coma and death.
Isobutene is a highly flammable gas that poses a serious fire risk. Price volatility, uncertainty in raw material supply, and the availability of replacement compounds are all predicted to stymie the isoprenol industry in the near term.
Country-wise Analysis
What is the Growth Outlook for Isoprenol in North America?
Biopharmaceutical Industry Increasing Isoprenol Demand
According to a SelectUSA analysis titled "The Biopharmaceutical Industry in the United States," the entire economic effect of the U.S. biopharmaceutical industry in 2018 includes US$ 558 billion in sales. According to the research, more than 800,000 individuals work in the biopharmaceutical industry in the United States, which supports approximately 5 million employments.
Furthermore, the surge in demand from the agrichemical and pharmaceutical industries is fueling the expansion of the country's isoprenol producers. As a result, the United States dominates isoprenol sales in North America and is anticipated to do so for the foreseeable future. As a result of the aforementioned factors, North America is estimated to account for about 40% of the isoprenol market during the assessment period.
How do Growth Prospects appear in the European Market?
Pharmaceutical Industry Creating Isoprenol Opportunities in Germany
According to a 2019 study issued by the European Federation of Pharmaceutical Industries and Associations (EFPIA), the pharmaceutical sector in Europe invested more than EUR 35,300 million in R&D, with Germany accounting for the majority of the contribution.
According to the research, Europe accounts for 23.2% of worldwide pharmaceutical sales, with Germany accounting for the lion's share of these sales on the continent. As a result, isoprenol makers in the nation are finding new opportunities.
Germany is a hub for isoprenol providers, because to its modern pharmaceutical and manufacturing industries. As a result, Germany dominates Europe's isoprenol market. As a result, Europe will account for almost 35% of the isoprenol market over the projection period.
Is China likely to emerge as an Opportunistic Isoprenol Industry?
According to a SelectUSA analysis, the value of China's pharmaceutical business reached over US$ 134 billion in 2018 and is expected to reach US$ 154 billion in 2020. A market share worth 30% market share
According to the research, with the Chinese government boosting spending in healthcare and R&D, China provides significant prospects for breakthrough pharmaceutical goods and technology. Increased demand from the pharmaceutical and flavor and fragrance sectors is driving up sales in China.
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Competitive landscape highlights only certain players
Complete list available upon request
Region-wise Market Shares in the Isoprenol Market
| Country wise Analysis | Growth Rate |
|---|---|
| North America | 40% |
| Europe | 35% |
| China | 30% |
Category-wise Insights
Why is Demand for Agrochemicals Rising Rapidly?
Surging Popularity of Isoprenol in Agrochemical Application Top Growth Driver in the Coming Years
Isoprenol is commonly used in the production of pesticides and insecticides. This is because isoprenol is environmentally benign and does not impair crop development. Furthermore, isoprenol has the potential to be used as a biofuel.
Thus, agrochemicals, together with flavors and fragrances, are the most profitable areas in terms of application, and are projected to maintain their dominance in the next years. According to Fact.MR, agrochemicals will account for roughly 40% of the isoprenol market throughout the forecast period.
Competitive Landscape
The global market for isoprenol is very fragmented. In 2019, Jilin Zhongxin Chemical Group Co., Ltd. and Andeshengtec owned more than half of the worldwide isoprenol market. Prominent isoprenol and related product producers are pursuing a variety of growth strategies. These often entail the introduction of new product lines, the formation of alliances, and the modification of existing product prices. The following are some noteworthy developments:
- Kuraray Co. Ltd. stated in June 2021 that it would raise the pricing of its isoprene chemical derivative products, which would take effect on July 1. The rise is in the range of 10-30%, and it applies to all items for both domestic and international shipping. This action was taken in order to restore the company's profitability.
- Haihang Industry Co. Ltd., a leading isoprenol producer, received ISO9001: 2005 quality management accreditation in April 2019. This demonstrates that its corporate administration has become more standardized.
Key Segments Covered in the Isoprenol Industry Report
-
Isoprenol by Application :
- Agrochemicals
- Pharmaceuticals
- Flavors & Fragrances
- Polymers
- Others
-
Isoprenol by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. COVID-19 Impact on Global Market
- 4. Market Outlook, by Region
- 5. Market Trend Analysis, 2022 to 2032
- 5.1. By Region
- 6. Global Market Analysis and Forecast, by Application, 2022 to 2032
- 6.1. Introduction & Definitions
- 6.2. Global Market Value (Mn) Forecast, by Application, 2022 to 2032
- 6.2.1. Agrochemicals
- 6.2.2. Pharmaceuticals
- 6.2.3. Flavors & Fragrances
- 6.2.4. Polymers
- 6.2.5. Others
- 6.3. Global Market Attractiveness, by Application
- 7. Global Market Analysis and Forecast, by Region, 2022 to 2032
- 7.1. Key Findings
- 7.2. Global Market Value (Mn) Forecast, by Region, 2022 to 2032
- 7.2.1. North America
- 7.2.2. Europe
- 7.2.3. Asia Pacific
- 7.2.4. Middle East & Africa
- 7.2.5. Latin America
- 7.3. Global Market Attractiveness, by Region
- 8. North America Market Analysis and Forecast, 2022 to 2032
- 9. Europe Market Analysis and Forecast, 2022 to 2032
- 10. Asia Pacific Market Analysis and Forecast, 2022 to 2032
- 11. Latin America Market Analysis and Forecast, 2022 to 2032
- 12. Middle East & Africa Market Analysis and Forecast, 2022 to 2032
- 13. Competition Landscape
- 13.1. BASF SE
- 13.2. Kuraray Co., Ltd.
- 13.3. Amyris, Inc.
- 13.4. Spectrum Chemical Manufacturing Corp.
- 13.5. Tokyo Chemical Industry Co., Ltd.
- 13.6. Toronto Research Chemicals Inc.
- 13.7. Haihang Industry Co., Ltd.
- 13.8. Sure Chemical Co., Ltd.
- 14. Assumptions & Acronyms Used
- 15. Research Methodology
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List Of Table
Table 1: Global Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 2: Global Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 3: Global Market Value (Mn) Analysis, 2022 to 2032
Table 4: Global Market Value (Mn) Analysis, 2022 to 2032
Table 5: Global Market Value (Mn) Forecast, by Region, 2022 to 2032
Table 6: Global Market Value (Mn) Forecast, by Region, 2022 to 2032
Table 7: North America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 8: North America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 9: North America Market Value (Mn) Analysis, 2022 to 2032
Table 10: North America Market Value (Mn) Analysis, 2022 to 2032
Table 11: North America Market Value (Mn) Forecast, by Country, 2022 to 2032
Table 12: North America Market Value (Mn) Forecast, by Country, 2022 to 2032
Table 13: U.S. Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 14: U.S. Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 15: U.S. Market Value (Mn) Analysis, 2022 to 2032
Table 16: U.S. Market Value (Mn) Analysis, 2022 to 2032
Table 17: Canada Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 18: Canada Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 19: Canada Market Value (Mn) Analysis, 2022 to 2032
Table 20: Canada Market Value (Mn) Analysis, 2022 to 2032
Table 21: Europe Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 22: Europe Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 23: Europe Market Value (Mn) Analysis, 2022 to 2032
Table 24: Europe Market Value (Mn) Analysis, 2022 to 2032
Table 25: Europe Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 26: Europe Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 27: Germany Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 28: Germany Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 29: Germany Market Value (Mn) Analysis, 2022 to 2032
Table 30: Germany Market Value (Mn) Analysis, 2022 to 2032
Table 31: U.K. Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 32: U.K. Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 33: U.K. Market Value (Mn) Analysis, 2022 to 2032
Table 34: U.K. Market Value (Mn) Analysis, 2022 to 2032
Table 35: France Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 36: France Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 37: France Market Value (Mn) Analysis, 2022 to 2032
Table 38: France Market Value (Mn) Analysis, 2022 to 2032
Table 39: Italy Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 40: Italy Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 41: Italy Market Value (Mn) Analysis, 2022 to 2032
Table 42: Italy Market Value (Mn) Analysis, 2022 to 2032
Table 43: Spain Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 44: Spain Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 45: Spain Market Value (Mn) Analysis, 2022 to 2032
Table 46: Spain Market Value (Mn) Analysis, 2022 to 2032
Table 47: Russia & CIS Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 48: Russia & CIS Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 49: Russia & CIS Market Value (Mn) Analysis, 2022 to 2032
Table 50: Russia & CIS Market Value (Mn) Analysis, 2022 to 2032
Table 51: Rest of Europe Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 52: Rest of Europe Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 53: Rest of Europe Market Value (Mn) Analysis, 2022 to 2032
Table 54: Rest of Europe Market Value (Mn) Analysis, 2022 to 2032
Table 55: Asia Pacific Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 56: Asia Pacific Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 57: Asia Pacific Market Value (Mn) Analysis, 2022 to 2032
Table 58: Asia Pacific Market Value (Mn) Analysis, 2022 to 2032
Table 59: Asia Pacific Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 60: Asia Pacific Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 61: China Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 62: China Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 63: China Market Value (Mn) Analysis, 2022 to 2032
Table 64: China Market Value (Mn) Analysis, 2022 to 2032
Table 65: Japan Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 66: Japan Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 67: Japan Market Value (Mn) Analysis, 2022 to 2032
Table 68: Japan Market Value (Mn) Analysis, 2022 to 2032
Table 69: India Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 70: India Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 71: India Market Value (Mn) Analysis, 2022 to 2032
Table 72: India Market Value (Mn) Analysis, 2022 to 2032
Table 73: ASEAN Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 74: ASEAN Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 75: ASEAN Market Value (Mn) Analysis, 2022 to 2032
Table 76: ASEAN Market Value (Mn) Analysis, 2022 to 2032
Table 77: Rest of Asia Pacific Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 78: Rest of Asia Pacific Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 79: Rest of Asia Pacific Market Value (Mn) Analysis, 2022 to 2032
Table 80: Rest of Asia Pacific Market Value (Mn) Analysis, 2022 to 2032
Table 81: Latin America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 82: Latin America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 83: Latin America Market Value (Mn) Analysis, 2022 to 2032
Table 84: Latin America Market Value (Mn) Analysis, 2022 to 2032
Table 85: Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 86: Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 87: Brazil Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 88: Brazil Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 89: Brazil Market Value (Mn) Analysis, 2022 to 2032
Table 90: Brazil Market Value (Mn) Analysis, 2022 to 2032
Table 91: Mexico Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 92: Mexico Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 93: Mexico Market Value (Mn) Analysis, 2022 to 2032
Table 94: Mexico Market Value (Mn) Analysis, 2022 to 2032
Table 95: Rest of Latin America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 96: Rest of Latin America Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 97: Rest of Latin America Market Value (Mn) Analysis, 2022 to 2032
Table 98: Rest of Latin America Market Value (Mn) Analysis, 2022 to 2032
Table 99: Middle East & Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 100: Middle East & Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 101: Middle East & Africa Market Value (Mn) Analysis, 2022 to 2032
Table 102: Middle East & Africa Market Value (Mn) Analysis, 2022 to 2032
Table 103: Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 104: Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2022 to 2032
Table 105: GCC Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 106: GCC Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 107: GCC Market Value (Mn) Analysis, 2022 to 2032
Table 108: GCC Market Value (Mn) Analysis, 2022 to 2032
Table 109: South Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 110: South Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 111: South Africa Market Value (Mn) Analysis, 2022 to 2032
Table 112: South Africa Market Value (Mn) Analysis, 2022 to 2032
Table 113: Rest of Middle East & Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 114: Rest of Middle East & Africa Market Value (Mn) Forecast, by Application, 2022 to 2032
Table 115: Rest of Middle East & Africa Market Value (Mn) Analysis, 2022 to 2032
Table 116: Rest of Middle East & Africa Market Value (Mn) Analysis, 2022 to 2032
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List Of Figures
Figure 1: Global Market Price Trend, by Region, 2022 to 2032(US$/Ton)
Figure 2: Global Market Value Share, by Application, 2015, 2022 & 2032
Figure 3: Global Market Attractiveness, by Application
Figure 4: Global Market Value Share, Analysis, 2015, 2022 & 2032
Figure 5: Global Market Attractiveness, Analysis
Figure 6: Global Market Value Share, by Region, 2015, 2022 & 2032
Figure 7: Global Market Attractiveness, by Region
Figure 8: North America Market Value Share, by Application, 2015, 2022 & 2032
Figure 9: North America Market Attractiveness, by Application
Figure 10: North America Market Value Share, Analysis, 2015, 2022 & 2032
Figure 11: North America Market Attractiveness, Analysis
Figure 12: North America Market Value Share, by Country, 2015, 2022 & 2032
Figure 13: North America Market Attractiveness, by Country
Figure 14: Europe Market Value Share, by Application, 2015, 2022 & 2032
Figure 15: Europe Market Attractiveness, by Application
Figure 16: Europe Market Value Share, Analysis, 2015, 2022 & 2032
Figure 17: Europe Market Attractiveness, Analysis
Figure 18: Europe Market Value Share, by Country and Sub-region, 2015, 2022 & 2032
Figure 19: Europe Market Attractiveness, by Country and Sub-region
Figure 20: Asia Pacific Market Value Share, by Application, 2015, 2022 & 2032
Figure 21: Asia Pacific Market Attractiveness, by Application
Figure 22: Asia Pacific Market Value Share, Analysis, 2015, 2022 & 2032
Figure 23: Asia Pacific Market Attractiveness, Analysis
Figure 24: Asia Pacific Market Value Share, by Country and Sub-region, 2015, 2022 & 2032
Figure 25: Asia Pacific Market Attractiveness, by Country and Sub-region
Figure 26: Latin America Market Value Share, by Application, 2015, 2022 & 2032
Figure 27: Latin America Market Attractiveness, by Application
Figure 28: Latin America Market Value Share, Analysis, 2015, 2022 & 2032
Figure 29: Latin America Market Attractiveness, Analysis
Figure 30: Latin America Market Value Share, by Country and Sub-region, 2015, 2022 & 2032
Figure 31: Latin America Market Attractiveness, by Country and Sub-region
Figure 32: Middle East & Africa Market Value Share, by Application, 2015, 2022 & 2032
Figure 33: Middle East & Africa Market Attractiveness, by Application
Figure 34: Middle East & Africa Market Value Share, Analysis, 2015, 2022 & 2032
Figure 35: Middle East & Africa Market Attractiveness, Analysis
Figure 36: Middle East & Africa Market Value Share, by Country and Sub-region, 2015, 2022 & 2032
Figure 37: Middle East & Africa Market Attractiveness, by Country and Sub-region
Figure 38: Global Market Share Analysis, by Company, 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the expected worth of the isoprenol industry in 2022?
By 2022, Fact.MR expected demand for Isoprenol to reach US$ 200 Million
What is the expected market value for the North American market?
Fact.MR expects the North American market for isoprenol to accumulate 2/5th revenue
At what CAGR did the isoprenol market flourish from 2015-2021?
From 2015-2021, the Isoprenol market grew at a 4% value CAGR
What is the expected forecast CAGR for isoprenol from 2022-2032?
From 2022-2032, Isoprenol demand is likely to surge at a 6.5% CAGR
At what value will the market for isoprenol close in 2032?
By 2032, the market for Isoprenol is likely to be valued at US$ 375 Million
What was the market worth for Isoprenol in 2021?
As of 2021, Fact.MR estimated the Isoprenol market to have reached US$ 190 Million
How opportunistic is the European market for isoprenol?
Europe is expected to garner a revenue share of 35% in 2022 and beyond, as per Fact.MR
What is the expected growth rate for the Chinese market?
China is expected to accumulate a revenue share of 30% during the forthcoming decade
Which application will account for the maximum isoprenol revenue?
Agrochemicals will account for roughly 40% of the isoprenol market throughout the forecast period.
Isoprenol Market