The global isosorbide market size reached US$ 613.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,195.5 Million by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.
Global Isosorbide Market Trends:
The isosorbide market is propelled by technological advancements in production methods, which enhance efficiency and reduce costs.
Additionally, increased investments in research and development for innovative applications of isosorbide in emerging fields like renewable energy and advanced materials are fueling market expansion.
Furthermore, the rising adoption of green chemistry principles and the increasing demand for high-performance, eco-friendly materials in sectors such as electronics and aerospace are strengthening the market growth. Apart from this, widespread product adoption in developing advanced drug delivery systems and biodegradable medical devices is propelling the market forward.
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Factors Affecting the Growth of the Isosorbide Industry:
· Rising demand for sustainable and bio-based chemicals:
One of the primary drivers of the isosorbide market is the increasing global emphasis on sustainability and the shift towards bio-based chemicals. Isosorbide, derived from renewable resources like glucose or sorbitol, is gaining popularity as an eco-friendly alternative to petroleum-based chemicals. As industries and consumers become more environmentally conscious, the demand for bio-based products is rising significantly. Isosorbide’s biodegradability and lower carbon footprint make it an attractive option for manufacturers looking to reduce their environmental impact. This trend is particularly strong in the polymer industry, where isosorbide is used as a building block for bio-based plastics and resins, offering a sustainable solution that meets the growing demand for green materials.
· Regulatory support for environmentally friendly materials:
Government regulations and policies aimed at reducing carbon emissions and promoting the use of renewable resources are another critical factor driving the isosorbide market. Many countries are implementing strict environmental regulations that encourage the use of bio-based and sustainable chemicals in various industries.
For instance, the European Union’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) regulation and similar initiatives in other regions are pushing industries to adopt greener alternatives, including isosorbide. These regulations not only promote the use of bio-based chemicals but also provide incentives for research and development in this area, further driving the growth of the isosorbide market.
Additionally, the growing consumer preference for products that comply with environmental standards is encouraging manufacturers to incorporate isosorbide into their offerings.
· Expanding application in diverse industries:
The versatility of isosorbide is driving its adoption across multiple industries, which is a significant factor contributing to market growth. In the pharmaceutical industry, isosorbide is used as a diuretic and vasodilator, playing a crucial role in the treatment of conditions like glaucoma and heart failure. Its non-toxic nature and biodegradability make it an ideal component in drug formulations. In the polymer industry, isosorbide is used to produce bio-based polyesters and polycarbonates, which are increasingly in demand for packaging, automotive, and consumer goods applications. The food industry also utilizes isosorbide as a stabilizer and humectant in various products. The expanding range of applications not only broadens the market for isosorbide but also drives innovation and development in its production and usage.
Isosorbide Market Report Segmentation:
By Product:
· Oil-Based Isosorbide
· Water-Based Isosorbide
· Silicone-Based Isosorbide
Oil-based isosorbide has a well-established production process and broader availability, making it the dominant segment in the market.
By Application:
· PEIT
· Polycarbonate
· Polyesters Isosorbide Succinate
· Polyurethane
· Isosorbide Diesters
· Others
PEIT holds the largest market share because it is widely used as a bio-based alternative to PET in the packaging and beverage industries.
By End Use:
· Polymers and Resins
· Additives
· Others
Polymers and resins dominate the market owing to the rising demand for sustainable and bio-based polymers and resins in packaging, automotive, and consumer goods.
Regional Insights:
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Asia Pacific leads the market with its rapid industrialization, growing consumer base, and strong manufacturing sectors in countries like China and India.
Competitive Landscape with Key Players:
The competitive landscape of the isosorbide market market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Alfa Aesar
· Archer Daniels Midland
· Cargill
· Ecogreen Oleochemicals
· J&K Scientific
· Jinan Hongbaifeng Industry & Trade
· JP Laboratories
· Meryer
· Mitsubishi Chemical
· Novaphene
· Par Pharmaceutical
· Roquette
· SK Chemicals
· TCI (Shanghai) Development
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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