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.

Global Isosorbide Market Insights Forecasts to 2033

• The Global Isosorbide Market Size was estimated at USD 20.94 Million in 2023
• The Global Isosorbide Market Size is Expected to Grow at a CAGR of around 8.17% from 2023 to 2033
• The Worldwide Isosorbide Market Size is Expected to Reach USD 45.91 Million by 2033
• North America is expected to Grow the fastest during the forecast period.

The Global Isosorbide Market Size is expected to cross USD 45.91 Million by 2033, growing at a CAGR of 8.17% from 2023 to 2033. The growing need for environmentally friendly and sustainable materials across a range of end-use sectors is expected to drive the worldwide isosorbide market.

Market Overview  

A chemical molecule mostly utilized in manufacturing biodegradable plastics, medications, and other industrial applications, isosorbide is the subject of global industry and commerce and is known as the "isosorbide market." A sustainable raw material obtained from plant sources like corn, and isosorbide is essential to the production of polyesters and other polymers based on isosorbide.  Improvements in production technology and rising consumer demand for environmentally friendly substitutes for conventional petrochemical-based products contribute to the isosorbide market's expansion. Growing demand for isosorbide derivatives in medical applications and expansion in the bioplastics industry are the primary factors driving the isosorbide market's growth. The growing need for biodegradable and ecologically friendly products across various industries is expected to drive the isosorbide market's future expansion. Increasing focus on high-quality products based on their uses in emerging regions and growing regulations regarding chemical sustainability are two of the factors driving the isosorbide market.       

Report Coverage

This research report categorizes the isosorbide market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the isosorbide market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the isosorbide market.

Driving Factors

The growing need for environmentally friendly products, particularly in the packaging and automotive industries, where bioplastics are widely used, is driving the isosorbide market. Growing use across a number of industries, including packaging, automotive, and others, is propelling the isosorbide market. The isosorbide business is anticipated to grow significantly due to the growing demand for polymers and plastics. The increasing need for bio-based and sustainable materials across various sectors, especially for bioplastics and environmentally friendly polymers, is the primary factor driving the isosorbide market.

Restraining Factors

The cost-effectiveness is the main consideration in some applications while the use of isosorbide-based polymers can be restricted due to their high production costs when compared to conventional petrochemical-based materials.   

Market Segmentation

The isosorbide market share is classified into grade and application.   

• The technical grade segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the grade, the isosorbide market is divided into technical grade, pharmaceutical grade, and food grade. Among these, the technical grade segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growing need for bio-based polymers, especially in consumer products, automotive, and packaging, makes technical grade isosorbide an affordable, high-performing material for these uses.

• The polyethylene isosorbide terephthalate (PEIT) segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

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 largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Polyethylene isosorbide terephthalate (PEIT), a bio-based polyester made from isosorbide, is a better substitute for conventional polyethylene terephthalate (PET) due to its increased mechanical strength, thermal stability, and transparency.

Regional Segment Analysis of the Isosorbide Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the isosorbide market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the isosorbide market over the predicted timeframe. High levels in the Asia Pacific region are a result of easy access to raw materials, inexpensive labor, and the growth of end-use sectors like cosmetics, personal care, pharmaceuticals, and nutraceuticals. The Asia Pacific market is anticipated to expand rapidly due to important reasons such as a lack of fossil fuel resources, growing product demand from developing countries like Indonesia, Thailand, and Malaysia, and volatile petroleum prices. The Asia Pacific region is a result of having a sizable customer base and some of the biggest producers of polymers.

North America is expected to grow at the fastest CAGR growth of the isosorbide market during the forecast period. The market for bio-based coatings in North America is anticipated to be driven by government regulations aimed at reducing the volatile organic compounds (VOCs) present in paints and coatings. The need for bio-based coatings in North America is anticipated to be driven by rising automotive demand and the rise of industrial development. The rise of green construction standards is expected to drive demand for bio-based coatings in this region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the isosorbide market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Roquette Freres
• 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
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In February 2024, Mitsubishi Chemical Group announced that the handle of the Sunstar Group's Ora2 Premium Smooth Fit Toothbrush would be made of DURABIOTM, a bioengineering plastic created from plants. For the first time, DURABIOTM has been used in a toothbrush, and this product is the first toothbrush on the domestic market to be certified with the biomass plastic label.   

• In January 2024, Roquette announced that it received the POLYSORB PSA, POLYSORB LP, and POLYSORB PA product grades as well as the International Sustainability and Carbon Certification (ISCC) PLUS for its POLYSORB isosorbide. This certification for Roquette's plant-based ingredient "POLYSORB® isosorbide," which has been on the market for more than ten years, demonstrates the company's dedication to sustainability across the value chain.    

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