30-Mar-2022 | Zion Market Research
According to study of Zion Market Research, Isoprenol industry amassed revenue approximately about US$ 400 million in 2021 and is projected to gain returns of approximately US$ 700 million by 2028, is forecast to record massive gains of nearly 5.4% in timeframe from 2022 to 2028. In addition to this, growth of isoprenol industry over next six years can be credited to commercialization of isoprenol facilitating rise in product sales in pharmaceuticals & agrochemicals industry. Apart from this, need for manufacturing high performance plastic polymers will enhance market penetration. In addition to this, isoprenol provides a slew of benefits such as longevity, low dosage, and massive water reducing ability. Furthermore, isoprenol is a building block for active pharmaceutical ingredients. Apparently, the compound is extensively utilized in paints, dyes, and solvent production. It is also used for manufacturing insecticides and pesticides. Additionally, the compound finds massive usage as raw material in super plasticizer production, thereby enhancing market size.
Agrochemicals Segment To Dominate Application Landscape Over 2022-2028
Growth of segment over forecasting timeline is subject to rise in use of isoprenol in agrochemicals such as pesticides and insecticides. Growing inclination of government towards biofuel production will facilitate use of isoprenol in agrochemical products. As isoprenol is eco-friendly compound, it finds plethora of applications in fungicides and herbicides which are crop-protecting chemicals.
European Isoprenol Market To Establish Hegemony In Forecasting Period
Rapid progression of isoprenol business in Europe in next six years can be attributed to use of highly performing plastics in buildings, packaging, and vehicle production in European countries. In addition to this, escalating demand for medical equipment such as medical bags, intravenous syringes, and razors made from high performance plastics owing to high focus on health & hygiene will drive regional market trends. Apparently, isoprenol manufacturers have profited immensely from flourishing electrical & electronic sectors and this will boost regional business space. Citing an instance, there is a prominent bulge in product penetration across televisions, refrigerators, and cables in countries such as Germany, Italy, France, Estonia, Finland, and the UK.
Some of the major players have lucratively impacted growth of isoprenol industry and will continue its dominance even in foreseeable future. We have profiled these giant industry participants in our report and they are Jilin Zhongxin Chemical Group Co., Ltd., Triveni Interchem Pvt. Ltd., Guangzhou Chen Yu Chemical Co., Ltd., BASF SE, Kuraray Co., Ltd., Nanjing Chemical Material Corporation, and Amyrics Inc.
Browse the full “Isoprenol Market- By Application (Agrochemicals, Pharmaceuticals, Flavor & Fragrance, And Polymers): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/isoprenol-market
The global Isoprenol Market is segmented as follows:
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