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Isoprenol Market to Expand at a Healthy CAGR of 6.5% through 2031
Isoprenol Market
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The latest report on isoprenol by Fact.MR offers a holistic overview of the global industry, demand-supply trajectories, and new trends during the forecast period of 2021 to 2031. As stated in the report, advancements in the key application sectors will be key for manufacturers, while North America, Europe, and Asia Pacific will hold a major pie of the industry value. The report also states that, 20+ countries, including the United Kingdom, Italy, France, Japan, and India will draw increased attention of stakeholders in this industry.
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The global isoprenol market is set to expand at around 6.5% CAGR through 2031.
Key Takeaways from Market Study
High demand for agrochemicals to fuel overall sales.
Flavor and fragrance segment to cater to high industry growth, owing to their surging demand.
The United States to remain the leading country in North America’s market for isoprenol.
Germany to exhibit hegemony in Europe for isoprenol.
China, India, the United Kingdom, South Korea, and Canada to maintain positive industry outlook throughout the forecast period of 2021 to 2031.
“Manufacturers of isoprenol are subject to come across lucrative growth scope owing to advancements in agrochemical and pharmaceutical sectors,” says a Fact.MR analyst.
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Growing Application of Isoprenol in Pharmaceutical Sector
Isoprenol has extensive application in the pharmaceutical sector. With rise in requirement in this application sector, key industry players are expected to come across new opportunities over the coming years.
According to a report published by SelectUSA, the United States pharmaceutical industry is highly progressive, while the U.S. biopharmaceutical industry is the largest in the world. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half of the world’s R&D in pharmaceuticals, which is worth US$ 75 billion, while this sector creates 4.7 million direct jobs across the country. This gives a glimpse of the growing opportunities for isoprenol suppliers, not only in the U.S., but around the world.
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Who is Winning in this Space?
With the competition getting tougher, isoprenol manufacturers are collaborating and bringing in a wider variety of quality products.
For instance,
Amyris, Inc. announced its collaboration with Michelin a few years back in order to enhance its sales footprint.
Spectrum Chemical Manufacturing Corp. recently launched its new range of products, such as Isoprenol (763-32-6) Hnmr-Molbase.
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More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the isoprenol market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application (agrochemicals, pharmaceuticals, flavours & fragrances, polymers, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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