COVID-19 Impact on Isoamyl Alcohol Market
- The COVID-19 outbreak hindered the demand for isoamyl alcohol in several ways. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for isoamyl alcohol.
- Major use of isoamyl alcohol is in the flavors fragrances market. During lockdown, most of the people were stuck inside their homes and their lifestyle was affected. People were increasingly concerned about consuming synthetic products. This affected the demand for flavors, as the demand for outside food decreased. Demand for fragrances was also affected. This hampered the global isoamyl alcohol market.
- The COVID-19 outbreak has directly affected production activities of different non-essential goods. Industrial shutdown caused by the COVID-19 pandemic created disruption in the production of isoamyl alcohol. Disruption in supply of raw materials also hampered full-scale operations of companies operating in the market.
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Key Drivers of Isoamyl Alcohol Market
- The isoamyl alcohol market is driven by the continuous demand from the food beverages industry. The food beverages industry is driven by changing lifestyle and choices. New flavors are introduced in the market regularly. The food industry is expanding at a rapid pace. People are spending more on food. Isoamyl alcohol has applications in various flavors. This is driving the global market.
- In pharmaceuticals, it is the initial raw material for a number of drug preparations such as Barbamil, Validol, Corvalol, and isoamyl nitrite. A derivative of isoamyl alcohol, the p-methoxycinnamate, is used as UV absorber in some cosmetic formulations. Furthermore, isoamyl alcohol is employed as cosmetic flavoring agent and in perfumes.
Competitive Landscape of Global Isoamyl Alcohol Market
The global isoamyl alcohol market is highly diversified. Several small and medium players operate in the market. Some of the key market players are:
- BASF
- Chemoxy
- Shandong Hongyuan Chemicals
- Baohua Chemicals
- Petrom
- Oxiteno
- Nimble Technologies
- Kaili Chemicals
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Restraints of Isoamyl Alcohol Market
Availability of alternatives can be a restraining factor for the isoamyl alcohol industry. Rising tendency toward using natural products and flavors can also affect the market negatively.
Global Isoamyl Alcohol Market: Research Scope
Global Isoamyl Alcohol Market, by Product Type
- 99% Pure
- 98% Pure
Global Isoamyl Alcohol Market, by Application
- Flavoring Agent
- Antifoaming Agent
- Fragrance
- Solvent
- Intermediate
- Herbicides
- Others
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North America and Europe to Constitute Significant Share of Global Isoamyl Alcohol Market
- In terms of region, the global isoamyl alcohol market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East Africa
- North America and Europe are key consumers of isoamyl alcohol. Customers in these regions are increasingly fond of different flavors and fragrances. Thus, consumption of isoamyl alcohol is high in these regions. The market in North America and Europe is anticipated to maintain constant pace in the near future owing to the already established food industry in these regions.
- Asia Pacific is projected to offer significant opportunities for the isoamyl alcohol market, due to the presence of a prominent pharmaceutical industry in the region. Increase in usage of isoamyl alcohol in pharmaceutical products can lead to higher consumption of isoamyl alcohol in the region.
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