Global Isoprenol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Isoprenol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Isoprenol is a colorless and transparent liquid. Density 0.853, boiling point 130-132 , soluble in organic solvents such as alcohol and ether. It is used in the synthesis of permethrin insecticides and other fine chemicals, and is an important raw material for the production of medicines or pesticides.

Market Overview:

The latest research study on the global Isoprenol market finds that the global Isoprenol market reached a value of USD 669.1 million in 2022. It’s expected that the market will achieve USD 870.34 million by 2028, exhibiting a CAGR of 4.48% during the forecast period.

Influence of COVID-19 Outbreak on Isoprenol Industry Development

The new coronavirus has been considered a pandemic by the World Organization, and few countries can escape its effects. At present, the world's major consumer and production countries, such as the United States, Japan, part of European countries, and so on, are all trapped in the mire. Although isolation measures were not taken immediately in order not to affect economic development, the growing severity of the epidemic has affected the normal production of enterprises, as well as consumption, imports, and exports between countries. The main consumption areas of isoprenol are some countries in the Americas and Asia, like USA, Brazil, India, which are also the hardest-hit areas of the current epidemic. It is expected that the sales volume of Isoprenol will not grow too much in the short term and may even shrink.
Affected by the new Coronary Pneumonia (COVID19), the business hours or services of most agents who sell Isoprenol have changed. As the epidemic is getting worse, cross-border logistics services and flights have been affected to some extent, so transportation has become a major problem. Therefore, in the short term, the Isoprenol industry will be greatly affected by COVID-19.
With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

Limitations

Due to the characteristics of Isoprenol, many aspects require special attention. For example, in handling and storage, preventing leakages from entering sewers, surface water and groundwater, and reducing environmental pollution. Secondly, in operation, operators should be specially trained and strictly abide by operating procedures. Operation and disposal should be carried out in a place with local ventilation or comprehensive ventilation facilities to avoid contact with incompatible materials such as oxidants. In terms of storage, keep the container tightly closed and store in a cool and dry place to avoid contact with oxides. The special physical and chemical properties make the industry in the production process, companies need to invest more capital and management costs in skilled labor, safety protection equipment and strict compliance with local environmental protection policies.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

BASF is one of the major players operating in the Isoprenol market, holding a share of 40.95% in 2020.

BASF is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

KURARAY CO., LTD. manufactures synthetic and chemical fibers. The Company provides special resin, man-made leather, fine chemicals, and non-woven fabrics used as apparel and industrial materials. Kuraray also produces pharmaceutical and medical products such as dialyzers and dental-care products. The Company focuses on environmentally beneficial products.

Segmentation Overview:

Among different product types, Vitamins segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Isomerisation (Prenol) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Isoprenol market covered in Chapter 3:

Kuraray
BASF
Shandong Cheng Tai Chemical
Jiangsu Chunjiang Runtian Agrochemical
China Catalyst Huabang
Jilin Zhongxin Chemical Group
Zhejiang NHU

In Chapter 4 and Chapter 14.2, on the basis of types, the Isoprenol market from 2018 to 2029 is primarily split into:

Vitamins
Polycarboxylate Superplasticizer
Pesticide Intermediate
Flavors & Fragrances
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Isoprenol market from 2018 to 2029 covers:

Use Directly (Isoprenol)
Isomerisation (Prenol)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)