Isoprenol Market Size

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.