The global isosorbide market size reached US$ 520.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 855.1 Million by 2027, exhibiting a growth rate (CAGR) of 8.75% during 2022-2027.
Also known as D-Isosorbide dinitrate, isosorbide (C6H10O4) is a bio-product obtained from starch. The derivatives of isosorbide, namely isosorbide dinitrate and isosorbide mononitrate, find extensive applications across various end use industries across the globe. Amongst these, isosorbide dinitrate is a solid, colorless crystal that is widely used as a vasodilator agent in the treatment of angina pectoris. On the other hand, isosorbide mononitrate is an anti-anginal agent, which is commonly utilized for relaxing the smooth muscles of both the arteries and veins.
Global Isosorbide Market Trends and Drivers:
The rising environmental concerns, in confluence with the growing preferences of individuals towards green alternatives, represent one of the key factors that are escalating the demand for isosorbide around the world. It is biodegradable, owing to which it is used as an alternative to fossil fuel derivatives. Furthermore, governments of several countries are implementing stringent regulations to encourage the adoption of bioplastics in different industries, such as food and beverage (F&B) and healthcare. For instance, isosorbide-derived epoxy resins are gaining popularity in the biomedical field, drug delivery systems, and bone cement and coatings worldwide. Other than this, polycarbonate manufactured using isosorbide finds applications in the electronics, construction, security and automotive industries. Apart from this, manufacturers operating in the industry are adopting waste recycling strategies for minimizing waste emission during the production of isosorbide. These innovations are expected to reduce production costs and provide growth opportunities to manufactures in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global isosorbide market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and end-use.
Breakup by Product:
- Oil-Based Isosorbide
- Water-Based Isosorbide
- Silicone-Based Isosorbide
Breakup by Application:
- Polyesters Isosorbide Succinate
- Isosorbide Diesters
Breakup by End-Use:
- Polymers and Resins
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being 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, etc.
|Base Year of the Analysis
||Product, Application, End-Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and TCI (Shanghai) Development
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Key Questions Answered in This Report:
- How has the global isosorbide market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global isosorbide market?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end-use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global isosorbide market and who are the key players?
- What is the degree of competition in the industry?