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Home Editor's Pick Market Research

Government Push to Biofuel Production will Enable Isoprenol

Urja Daily by Urja Daily
November 17, 2021
in Market Research
Reading Time: 6 mins read
0
biofuels
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NEW YORK — As per the newly released data by Fact.MR, the global isoprenol market is estimated to surpass a valuation of US$ 200 Mn by 2021. The overall market is poised to expand at 6.5% CAGR between 2021 and 2031, reaching a valuation of around US$ 375 Mn by the end of the assessment period.

Isoprenol is also known as 3-methyl-3-butene-1-ol, it’s a hemiterpene alcohol. It is a light yellow to colorless liquid. The global demand for isoprenol is increasing in response to surging application in agrochemicals, biofuels, and pharmaceuticals sectors.

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The isopentenol such as isoprenol and prenol are carving their niche as preferred biofuels because of their higher energy density and better combustion efficiency as compared to ethanol. Increasing funds are being allocated by governments and other private organizations to encourage biofuel production.

For instance, in June 2020, four Berkeley Lab projects were allocated US$ 1 Mn by the Department of Energy’s (DOE’s) technology commercialization fund (TCF) to further collaborative research with industry partners on biofuels, bioproducts, energy microgrid technology and renewable energy technology.

The project aimed at the cost effective production of promising biologically derived aviation biofuel precursor, isoprenol, from sustainable lignocellulosic biomass using state-of-art technologies. Surging investment in biofuel production will therefore aid the expansion of the market.

Request a report sample to gain compressive insights at

Isoprenol also is increasingly utilized as an active pharmaceutical ingredient due to its excellent physical and chemical properties such as high-water absorption and long-term stability. This will in turn continue to boost the sales of isoprenol during the assessment period.

According to Fact.MR, agrochemicals will emerge as the primary application for isoprenol during the forecast period. Isoprenol is increasingly used in the agricultural industry for manufacturing insecticides, fungicides, and other agrochemicals as a result of its ecofriendly nature. Application of isoprenol in flavors & fragrances segment was dominating the market share in 2019.

Regionally, North America is anticipated to register the fastest growth, accounting for around two fifth share in the global isoprene market over the assessment period. Growth in the region is attributable to the increasing adoption of isoprenol in agrichemical and pharmaceutical industries.

“The rising need for novel and eco-friendly sources of biofuels with excellent physical and chemical properties is encouraging manufacturers to seek new means of producing isopentenol from substrates such as renewable sugar. As a result, microorganisms such as cerevisiae and Escherichia coli are being employed for high-specificity production of next generation biofuels like isoprenol,” says a Fact.MR analyst

Key Takeaways from Isoprenol Market Survey

  • North America is projected to account for around 40% share in the global isoprenol market during the assessment period.
  • With increasing adoption of isoprenol in the pharmaceutical industry, the Europe market is anticipated to hold around 35% share by 2031.
  • Asia is expected to cover nearly 25% market share as a result of expanding scope of isoprenol in agricultural and pharmaceutical industries.
  • In terms of application, isoprenol for agrochemicals segment is expected to account for around 40% market share through 2031.

Key Drivers

  • Growing demand for ecofriendly agrochemicals such as pesticides and insecticides is boosting the demand for isoprenol.
  • Increasing need for next generation biofuels is creating huge demand for isoprenol and the trend is likely to intensify in the future.
  • Expanding scope for isoprenol application pharmaceuticals will create new avenues for the growth of the market.

To gain in-depth insights on Isoprenol Market, request methodology at

Competitive Landscape

Key players operating in the isoprenol market are focusing on increasing their production capacity. They are introducing novel techniques for the production of isopreol, besides leveraging a wide range of strategies such as mergers, partnerships, expansions and collaborations.

  • In June 2021, Kuraray Co. Ltd. announced that it will increase the prices of isoprene chemical derivative products by 10-30% from July 1, 2021. The decision came in response to the increasing production costs including equipment maintenance and updates in production, as well as raw material and transportation costs.

Some of the prominent players operating in the isoprenol market profiled by Fact.MR are:

  • BASF SE
  • Kuraray Co. Ltd.
  • Amyris, Inc.
  • Spectrum Chemical Manufacturing Corp.
  • Tokyo Chemical Industry Co. Ltd.
  • Toronto Research Chemicals Inc.
  • Haihang Industry Co. Ltd.
  • Sure Chemical Co. Ltd.

More Insights on the Global Isoprenol Sales Outlook

Fact.MR provides an unbiased analysis of isoprenol market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for isoprenol with a detailed segmentation on the basis of:

Application

  • Isoprenol for Agrochemicals
  • Isoprenol for Pharmaceuticals
  • Isoprenol for Flavors & Fragrances
  • Isoprenol for Polymers
  • Others

Regions

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania 
  • Middle East & Africa

Key Questions Covered in the Isoprenol Market Outlook Report

  • The report offers insight into isoprenol demand outlook for 2021-2031
  • The market study also highlights projected sales growth for isoprenol market between 2021 and 2031
  • Isoprenol market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Isoprenol market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore Fact.MR’s Coverage on the Chemical & Materials Domain –

Home & Garden Pesticides Market- Rising population, increased knowledge of pesticide use, and other reasons are driving the expansion of the home and garden pesticides market. Herbicides are the largest segment of the pesticide market, and it is expected to rise in the future years. Other factors propelling the market for home and garden pesticides include the growing demand for weed control and food security. Rapid population expansion and urbanization will generate opportunities in the home and garden pesticide business.

Aerosol Insecticides Market– Insecticides are frequently used in agricultural fields, urban green spaces, and public health initiatives to protect humans and plants from numerous diseases. Aerosol insecticides, or insecticides packaged in aerosol form, are praised for producing less waste than other types of insecticides since they are designed to deliver only a specified amount of poison during each spray. As a result of this, the global market for aerosol insecticides continues to play a significant role in the insecticides sector.

Bio rational Fungicides Market- Bio rational fungicides are fungicides that have no or minimal negative effects on the human body or the environment. They are suitable for use in organic greenhouses and indoor agricultural facilities due to their low toxicity. The industry is expected to benefit from the growing trend of using organic fertilizers, insecticides, and fungicides instead of chemicals. Growing global knowledge of the benefits of using organic farm products is driving demand for organic agricultural ingredients, which will eventually increase demand for organic pesticides, particularly bio rational fungicides.

Tags: Fact.MRisoprenol
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