FMI has announced the addition of the Isoprenol Market 2015-2025
Future Market Insights has announced the addition of the “Isoprenol Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
Isoprenol is a light yellow to colourless liquid and is also known as 3-methyl-3-butene-1-ol. It is produced industrially as an intermediate to prenol (3-methyl-3-butene-1-ol). Isoprenol has many advantages such as low dosage, durability and high water reduction. It is also used for protection from corrosion of steel and are environmentally friendly. Isoprenol is mainly used as a building block for aromatic chemicals. Moreover, isoprenol acts as a building block for pharmaceutical active ingredients. Isoprenol also finds use in production of dyes, solvents and paints. The agrochemicals segment is expected to witness a prominent growth in the forecast period. Isoprenol is widely used in the agrochemicals segment for producing pesticides and insecticides. Moreover, isoprenol finds application as raw material for the production of super plasticizer from polycarboxylate series. As the isoprenol market is very niche, global players are investing in research and development for high quality isoprenol to match its growing demand from the end use industries. Having said that, the global isoprenol market is expected to witness a moderate growth in the forecast period.
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Drivers and restraints
The increasing pharmaceutical industry may prove to be major driving factor for the global isoprenol market in the forecast period. Increasing demand for aromatic chemicals for use in perfumes is also anticipated to fuel the demand for isoprenol, thus driving the global isoprenol market in the near future. The expanding paints and coatings industry is expected to be a major driving factor for the growth of the isoprenol market during the forecast period. Also, the growth in the construction industry due to the rapid urbanization in the developing countries is expected to fuel the demand for isoprenol. This in turn is expected to be a major driving factor for the rise in global isoprenol market in the upcoming years. Isoprenol is widely used in the synthesis of polymers in the chemical industry. The growth of chemical industry is anticipated to fuel the global isoprenol market in the upcoming years. The use of isoprenol in the agrochemicals segment is anticipated to increase the demand for isoprenol, which in turn is expected to boost the global isoprenol market.
The global isoprenol market is broadly segmented based on application into
- Aroma chemicals
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Region – wise outlook:
Geographically, the global isoprenol market can be broadly segmented on the basis of seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific, Japan and Middle – East and Africa. Asia – pacific is expected to dominate the global isoprenol market in the near future. China is anticipated to be the major emerging countries in the Asia – Pacific region in the global isoprenol market in the upcoming years. North America and Western Europe is also expected to be the fastest growing region in the global isoprenol market in the near future. Middle – East and Africa is anticipated to witness a stagnant growth in the global isoprenol market in the forecast period.
Major key players:
Some of the key market players identified in the global isoprenol market are:
- Kuraray Co., Ltd.
- Nanjing chemical material corporation
- Guangzhou Chen Yu Chemicals Co., Ltd
- Triveni Interchem Pvt. Ltd.