The global isoprenol market revenue was around US$ 190 million in 2022 and is estimated to reach US$ 334.8 million by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2031.
Isoprenol is a colorless to light yellow liquid and is also called 3-Methyl-3-Butene-1-ol. It is created industrially as an intermediate to prenol (3-methyl-3-butene-1-ol). It provides a lot of benefits, including minimal dosage, durability, and high-water absorption. It protects the steel from corrosion and is environmentally friendly. It is mostly utilized as an aromatic chemical building component. It serves as a foundation for medicinal active substances.
Market Driving Factors
Production technology advancements create a positive impact on the market. Constant development and research efforts have resulted in the creation of creative and effective production techniques. As a result, it increases the production of isoprenol and its cost-effectiveness. Such type of factor will aid to boost the market growth.
Shift to sustainable resources create a favorable impact on the market. As people's knowledge of environmental issues grows, they are more likely to use sustainable resources in chemical synthesis, which is fueling the demand for bio-based isoprenol.
An increase in the personal care and cosmetics sector is one of the main factors to benefit the market. It includes a broad range of business divisions like conditioner, shampoo, lotion, soap, perfume, and others. Isoprenol is a sustainable and natural compound utilize in personal care and cosmetics products to increase the quality of products. Isoprenol is utilized as a solubilizer and preservative booster in the cosmetics and personal care industries. Therefore, the growth of personal and cosmetic career industries fuels the demand for isoprenol.
Production on a large scale that is ineffective is expected to hamper market growth.
Regional Analysis
Asia Pacific dominated the market in terms of revenue during the forecast period. Isoprenol is used as a solubilizer in the manufacturing of paints. Paints are the only construction material used in both residential and commercial activities. It serves a direct benefit in construction work. Construction work has increased in this region after the lockdown's easing, and the number of residential and commercial-level projects has surged in the region.
Segmentation Insights
In terms of application insight, the agrochemicals segment is estimated to dominate the market. This segment is chemicals compounds utilize in agricultural farmland to make up for nutrient shortages in crops or fields. They also aid in the growth of crops by destroying dangerous insects. Agrochemicals boost both the output and caliber of agricultural products. They are used in dairy, horticulture, grain, cattle, and commercial planting among other agricultural activities.
Prominent Companies
Segmentation Outline
The global isoprenol market segmentation focuses on Applications and Regions.
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL ISOPRENOL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: ISOPRENOL MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL ISOPRENOL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL ISOPRENOL MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 AGROCHEMICALS
5.3 PHARMACEUTICALS
5.4 FLAVORS & FRAGRANCES
5.5 POLYMERS
5.6 OTHERS
6 GLOBAL ISOPRENOL MARKET, BY GEOGRAPHY
6.1 OVERVIEW
6.2 NORTH AMERICA
6.2.1 NORTH AMERICA MARKET SNAPSHOT
6.2.2 U.S.
6.2.3 CANADA
6.2.4 MEXICO
6.3 EUROPE
6.3.1 EUROPE MARKET SNAPSHOT
6.3.2 WESTERN EUROPE
6.3.2.1 THE UK
6.3.2.2 GERMANY
6.3.2.3 FRANCE
6.3.2.4 ITALY
6.3.2.5 SPAIN
6.3.2.6 REST OF WESTERN EUROPE
6.3.3 EASTERN EUROPE
6.3.3.1 POLAND
6.3.3.2 RUSSIA
6.3.3.3 REST OF EASTERN EUROPE
6.4 ASIA PACIFIC
6.4.1 ASIA PACIFIC MARKET SNAPSHOT
6.4.2 CHINA
6.4.3 JAPAN
6.4.4 INDIA
6.4.5 AUSTRALIA & NEW ZEALAND
6.4.6 ASEAN
6.4.7 REST OF ASIA PACIFIC
6.5 MIDDLE EAST & AFRICA
6.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
6.5.2 UAE
6.5.3 SAUDI ARABIA
6.5.4 SOUTH AFRICA
6.5.5 REST OF MEA
6.6 SOUTH AMERICA
6.6.1 SOUTH AMERICA MARKET SNAPSHOT
6.6.2 BRAZIL
6.6.3 ARGENTINA
6.6.4 REST OF SOUTH AMERICA
7 GLOBAL ISOPRENOL MARKET COMPETITIVE LANDSCAPE
7.1 OVERVIEW
7.2 COMPANY MARKET RANKING
7.3 KEY DEVELOPMENT STRATEGIES
7.4 COMPETITIVE DASHBOARD
7.5 PRODUCT MAPPING
7.6 TOP PLAYER POSITIONING, 2022
7.7 COMPETITIVE HEATMAP
7.8 TOP WINNING STRATEGIES
8 COMPANY PROFILES
8.1 BASF SE
8.1.1 OVERVIEW
8.1.2 FINANCIAL PERFORMANCE
8.1.3 PRODUCT OUTLOOK
8.1.4 KEY DEVELOPMENTS
8.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.2 KURARAY CO. LTD
8.2.1 OVERVIEW
8.2.2 FINANCIAL PERFORMANCE
8.2.3 PRODUCT OUTLOOK
8.2.4 KEY DEVELOPMENTS
8.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.3 AMYRIS INC
8.3.1 OVERVIEW
8.3.2 FINANCIAL PERFORMANCE
8.3.3 PRODUCT OUTLOOK
8.3.4 KEY DEVELOPMENTS
8.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.4 SPECTRUM CHEMICAL MANUFACTURING CORP
8.4.1 OVERVIEW
8.4.2 FINANCIAL PERFORMANCE
8.4.3 PRODUCT OUTLOOK
8.4.4 KEY DEVELOPMENTS
8.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.5 TOKYO CHEMICAL INDUSTRY CO. LTD
8.5.1 OVERVIEW
8.5.2 FINANCIAL PERFORMANCE
8.5.3 PRODUCT OUTLOOK
8.5.4 KEY DEVELOPMENTS
8.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.6 TORONTO RESEARCH CHEMICALS INC
8.6.1 OVERVIEW
8.6.2 FINANCIAL PERFORMANCE
8.6.3 PRODUCT OUTLOOK
8.6.4 KEY DEVELOPMENTS
8.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.7 HAIHANG INDUSTRY CO. LTD
8.7.1 OVERVIEW
8.7.2 FINANCIAL PERFORMANCE
8.7.3 PRODUCT OUTLOOK
8.7.4 KEY DEVELOPMENTS
8.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.8 SURE CHEMICAL CO. LTD
8.8.1 OVERVIEW
8.8.2 FINANCIAL PERFORMANCE
8.8.3 PRODUCT OUTLOOK
8.8.4 KEY DEVELOPMENTS
8.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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