Isoprenol Market size was over USD 232.36 Million in 2023 and is poised to cross USD 501.72 Million by 2036, witnessing more than 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of isoprenol is evaluated at USD 245.72 Million. The major factor to influence the growth of the market is growing construction activities. According to projections, there were a total of 794,431 built-up areas (BUAs) worldwide in 2016. This figure is anticipated to climb to about 849,406 residents by 2022. In addition, 2 million new buildings are anticipated to be built by 2050. These construction activities are further estimated to boost the demand for paint & coatings which is additionally driving the market growth for isoprenol.
Isoprenol provides a number of benefits, including minimal dosage, durability, and high water absorption. The manufacture of paints, solvents, and dyes uses isoprenol. When producing paints and coatings, it works as a solubilizer. Additionally, it improves paints' and coatings' capacity for resisting corrosion.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.1% |
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Base Year Market Size (2023) |
USD 232.36 Million |
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Forecast Year Market Size (2036) |
USD 501.72 Million |
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Regional Scope |
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Grade (Standard Grade, Industrial Grade, Reagent Grade)
The reagent grade segment in the isoprenol market is expected to garner the highest revenue share by 2036. Reagent-grade chemicals are often equivalent to ACS grade (95%), suitable for use in a variety of laboratory and analytical applications, and also for food, pharmaceutical, or medical usage. Reagent grade isoprenol frequently indicates a greater level of purity and quality suitable for laboratory and research purposes. Moreover, it might be employed in chemical analysis, synthesis, or other scientific procedures requiring precise and trustworthy results.
Application (Rubber Synthesis, Flavors & Fragrances, Agrochemicals, Polymers, Pigments, Water Reducing Agents)
Isoprenol market from the agrochemicals segment is set to grow at a highest CAGR of 6.5% during the forecast period. This growth could be attributed to growing demand for insecticides and herbicides. For instance, herbicide use exceeded about 2 million metric tons in 2021, whereas other pesticide categories consumed less than one million. In the area of agrochemicals, isoprenol is frequently used to synthesize several kinds of agricultural compounds, including insecticides, herbicides, and plant growth regulators which serve as efficient weed killers.
Our in-depth analysis of the global isoprenol market includes the following segments:
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Grade |
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Purity |
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Application |
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End User |
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APAC Excluding Japan Market Forecast
The Asia Pacific isoprenol market is estimated to grow at a highest CAGR of 6.4% over the projected period. The demand for isoprenol is rising as a result of the expansion of pharmaceutical and personal care & cosmetics industries in this region. Since, the cosmetics, personal care, perfumery, and pharmaceutical businesses all rely heavily on flavors and scents the market is growing in this region.
European Market Analysis
The isoprenol market in is also set to have significant growth over the forecast period. There has been a surge in agriculture activities in this region which is why the market expansion is growing. Furthermore, a large number of people in this region is conscious regarding their looks and also their disposable income is growing which makes them spend more on beauty products. Consequently, these factors are also driving the market growth in this region.
Author Credits: Rajrani Baghel
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