Isoprenol Market Size

Isoprenol Market size is projected to cross USD 472 million by the end of 2035, witnessing around 6.1% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of isoprenol was USD 219 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.