Sarasota, FL, May 23, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Isoprenol Market for Agrochemicals, Aroma Chemicals, Pharmaceuticals, Polymers and Other Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021” . According to the report, the global isoprenol market was valued at USD 331.9 million in 2015 and is expected to reach USD 458.9 million in 2021, growing at a CAGR of 5.6% between 2016 and 2021.
Isoprenol demonstrates tremendous physical and chemical properties such as low dosage, high water reduction, etc. Isoprenol is extensively used in the production of agrochemicals and pharmaceutical active ingredients. Isoprenol is an eco-friendly chemical. Isoprenol has significant application in corrosion resistance as well as act as a building block for aromatic chemicals. It is also used in the production of dyes, solvents, and paints.
Browse through 29 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on “Global Isoprenol Market: By Products, Applications, Size, Share, Industry Trends, Segment, and Forecast 2015-2021”.
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The global isoprenol market is primarily driven by rising demand for aroma chemicals across the globe. Furthermore, growing demand for the pharmaceutical industry is also likely to boost the isoprenol market size in the near future. Increasing demand for agrochemicals especially in Asia Pacific is projected to accelerate the demand for isoprenol during the next few years. However, stringent environmental regulations may impede the growth of the isoprenol market. Nonetheless, increasing investments in R&D activities may offer new opportunities for major players of the isoprenol market in the forecast period.
The isoprenol market has been segmented by application and region. On basis of applications, the market has been classified into agrochemicals, aroma chemicals, pharmaceuticals, polymers and others. Aroma chemical was the leading application segment for the isoprenol market in 2015. It accounted for around 33% share of the overall market and furthermore it is expected to maintain its dominance over the market during coming years. This growth is attributed to growing flavoring and fragrance market across the globe. Furthermore, the pharmaceutical is another important application segment of the isoprenol market that is expected to exhibits significant growth in near future. Agrochemicals and polymers are expected to grow at moderate CAGR owing to increasing usage in various industries such as agriculture, horticulture, floriculture, etc. moreover, other applications including fuels, corrosion resistance, water treatment and dyes, paints and solvents are expected to witness moderate growth in near future.
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Asia Pacific was the leading market for isoprenol in 2015. It accounted for more than 35% share of the entire market owing to strong demand for agrochemicals However, the existence of agricultural based countries in Asia-Pacific region is likely to help the region to continue its dominance in the near future. China led the Asia Pacific isoprenol market in 2015. The growth in the region attributed to increased applications in end-user industries such as aroma chemicals, pharmaceutical, and agrochemicals. Asia-Pacific is estimated to grow at a higher rate as compared to the developed countries. Emerging pharmaceutical and construction industry is likely to propel the demand for polymers and paints & coating industry in China.
North America is expected to witness a lucrative growth for the isoprenol market over the years to come. In agrochemicals industry, the isoprenol is highly utilized for insecticides and pesticides production. Thus, growing demand for agrochemicals in the region is expected to drive the demand for isoprenol over the coming years. The U.S. represents the largest agrochemicals market in North America followed by Canada and Mexico.
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Europe is one of the leading players in the isoprenol market in 2015 due to high penetration in the pharmaceutical industry, especially in UK, France, and Italy. Europe is expected to exhibit exponential growth in the forecast period. The increasing pharmaceutical industry in Europe is a major driving factor for the global isoprenol market. Increasing demand for aromatic chemicals in perfume production is also anticipated to fuel the demand for isoprenol, thus driving the global isoprenol market in the near future.
Moreover, Latin America and Middle East & Africa are expected to witness the moderate growth within the forecast period. Latin America holds decent market size for isoprenol in 2015. However, it is expected to witness moderate demand for isoprenol during the years to come compared to another major region. Furthermore, growing agriculture industry in Latin America majorly cultivates and produces a wide range of crops, including ones produced in other areas of the world such as cereals, citrus or vegetables, and also specific crops that Latin America countries export to the Rest of the World. This parameter increases the need for agrochemicals, which in turn may impact on the isoprenol demand.
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Key players profiled in the report include Kuraray Co., Ltd., Nanjing Chemical Material Corporation, Guangzhou Chen Yu Chemical Co., Ltd., Triveni Interchem Pvt. Ltd., BASF SE, Jilin Zhongxin Chemical Group, Amyrics Inc and NHU.
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The global isoprenol market has been segmented as follows:
Isoprenol Market: Application Analysis
- Agrochemicals
- Pharmaceuticals
- Agrochemicals
- Polymers
- Others
Isoprenol Market: Region Analysis
- North America
- Europe
- Asia Pacific
- China
- Korea
- Japan
- Indonesia
- Thailand
- India
- Vietnam
- Singapore
- Malaysia
- Latin America
- The Middle East and Africa
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