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The key players operating in the global 1,5 cyclooctadiene industry include:
The market has witnessed several collaborations in the form of mergers, acquisitions and joint ventures along with increased spending in R&D for new product development.
The global market for 1,5 cyclooctadiene was worth more than USD 200 million in 2019 and will witness over 5% CAGR up to 2026 with increasing demand for agrochemicals.
Asia Pacific region had reached USD 65.77 million during 2019 and is projected to record a notable CAGR of 5% through 2026.
The 1,5 cyclooctadiene industry size from the food segment is anticipated to reach over 4% CAGR between 2020-2026 due to the compound
The market share from agrochemicals segment was valued at over USD 15.57 million worldwide in 2019 and will expand with increased focus on organic farming and sustainable practices.