Global Isosorbide Market Size To Worth USD 45.91 Million By 2033 | CAGR Of 8.17%
Category: Chemicals & MaterialsGlobal Isosorbide Market Size To Worth USD 45.91 Million By 2033
According to a research report published by Spherical Insights & Consulting, The Global Isosorbide Market Size is Expected to Grow from USD 20.94 Million in 2023 to USD 45.91 Million by 2033, at a CAGR of 8.17% during the forecast period 2023-2033.
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Browse key industry insights spread across 202 pages with 100 Market data tables and figures & charts from the report on the “Global Isosorbide Market Size, Share, and COVID-19 Impact Analysis, By Grade (Technical Grade, Pharmaceutical Grade, and Food Grade), By Application (Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyurethane, Polyester Polyisosorbide, Isosorbide Diesters, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/isosorbide-market
Isosorbide is a chemical compound that is primarily used in the production of biodegradable plastics, pharmaceuticals, and other industrial applications. It is the focus of the global industry and trade known as the "isosorbide market." Polyesters and other isosorbide-based polymers require isosorbide, a renewable raw ingredient derived from plant sources such as corn. The market is growing as a result of advancements in production technology and growing customer demand for greener alternatives to traditional petrochemical-based products. Some of the key factors driving the market are the substantial expansion of the polymer industry, the extensive use of the product in the personal care and cosmetics sector, the rising demand for plant-based products, and the adoption of favorable government regulations. The market is growing as a result of the government's deployment of supportive efforts to encourage sustainability and the use of environmentally friendly and renewable materials. Increased demand for plant-based and sustainable products, the incidence of chronic illnesses, intensive research and development (R&D) efforts, and novel product applications are some of the individuals that are expected to propel isosorbide market expansion. However, high production costs, a shortage of raw materials, and competition from other chemical products are some of the factors restricting the isosorbide market.
The technical grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the grade, the isosorbide market is classified into technical grade, pharmaceutical grade, and food grade. Among these, the technical grade segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Technical grade isosorbide usually has a purity level of 98–99%, and is favored in industries like coatings, resins, and bio-plastics where its mechanical strength and thermal stability are crucial.
The polyethylene isosorbide terephthalate (PEIT) segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the isosorbide market is divided into polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyurethane, polyester polyisosorbide, isosorbide diesters, and others. Among these, the polyethylene isosorbide terephthalate (PEIT) segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. PEIT is getting well-known as a sustainable solution in important industries including packaging, consumer products, and automotive due to growing consumer and regulatory pressure to lessen the environmental impact of plastics.
Asia Pacific is estimated to hold the largest share of the isosorbide market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the isosorbide market over the forecast period. The Asia Pacific region's high levels are caused by easy access to raw materials, cheap labor, and the expansion of end-use industries such as nutraceuticals, cosmetics, personal care, and medicines. The Asia Pacific region was recognized as having some of the largest polymer producers and a substantial consumer population.
North America is predicted to grow at the fastest CAGR growth in the isosorbide market over the forecast period. The need for bio-based coatings within this field is anticipated to increase as green construction standards develop. Bio-based materials, such as bio-based thermosets and bio-plastics, are increasingly being used in the automotive industry.
Major key players in the isosorbide market include Roquette Frères, Cargill Inc, J&K Scientific Ltd., JP Laboratories, Novaphene, Endo Inc., Mitsubishi Chemical Group, Archer Daniels Midland Company, Jinan Hongbaifeng Industry & Trade Co., Ltd., Shri Rajaram Chemicals & Engineering, MANUS AKTTEVA BIOPHARMA LLP, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In January 2024, in addition to the product grades POLYSORB PSA, POLYSORB LP, and POLYSORB PA, Roquette announced that it has obtained the International Sustainability and Carbon Certification (ISCC) PLUS for its POLYSORB isosorbide. For its plant-based ingredient "POLYSORB® isosorbide," which has been on the market for more than ten years, Roquette's dedication to sustainability across the value chain is further supported by this accreditation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the isosorbide market based on the below-mentioned segments:
Global Isosorbide Market, By Grade
- Technical Grade
- Pharmaceutical Grade
- Food Grade
Global Isosorbide Market, By Application
- Polyethylene Isosorbide Terephthalate (PEIT)
- Polycarbonate
- Polyurethane
- Polyester Polyisosorbide
- Isosorbide Diesters
- Others
Global Isosorbide Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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