Isosorbide Market Overview:
According to the research report, the global Isosorbide market was valued at USD 703.47 million in 2023 and is expected to reach USD 1,577.75 million by 2030, to grow at a CAGR of 9.4% during the forecast period.
Key Market Drivers:
- Sustainable Plastics Demand: Increasing demand for bio-based plastics, particularly polyethylene isosorbide terephthalate (PEIT), in packaging, automotive, and consumer goods.
- Green Chemistry Initiatives: Rising government regulations and environmental policies supporting bio-based chemicals drive adoption.
- Applications in Coatings and Resins: Growth in high-performance resins and coatings that require renewable monomers for enhanced durability and sustainability.
- Pharmaceutical Applications: Expanding use of isosorbide in drug delivery systems due to its biocompatibility and non-toxic properties.
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Key Companies in Isosorbide Market:
- J&K Scientific Ltd.
- Jinan Hongbaifeng Industry & Trade Co. Ltd.
- Manus Aktteva Biopharma LLP
- Par Pharmaceutical
- Samyang Biopharmaceuticals Corporation Inc.
- Roquette Freres
- Vitas M Chemical Limited
- Fintech Industry Limited
- BioCrick Biotech
- Thermo Fisher Scientific
- Mitsubishi Chemical Corporation
- Merck KGaA
- TCI Chemicals
- ApexBio Technology
- Oakwood Products Inc
Isosorbide Market Research
The market research scope for Isosorbide focuses on its growing demand as a bio-based platform chemical for multiple applications. It plays a significant role in producing polyethylene isosorbide terephthalate (PEIT), a sustainable alternative to traditional plastics. Research explores its expanding use in pharmaceuticals, personal care products, resins, and coatings, owing to its biocompatibility and renewable origin. The market is witnessing rising demand in regions like North America and Europe, driven by stringent environmental regulations promoting green chemistry. Asia-Pacific is emerging as a key region due to industrial growth and a focus on sustainable materials. Market studies analyze technological advancements in production processes, such as efficient catalytic pathways for isosorbide synthesis. Competitive dynamics, cost optimization, and increasing adoption in bio-polymers, adhesives, and drug delivery systems highlight new opportunities for growth. The scope also evaluates challenges, including scaling production capacity and addressing the cost gap between bio-based and petroleum-derived alternatives.
Isosorbide Market Segmentation:
The market for Isosorbide is segmented based on application, end-use industry, and region. By application, the market is categorized into polyethylene isosorbide terephthalate (PEIT), polycarbonate, resins, coatings, adhesives, and pharmaceuticals. The PEIT segment dominates due to its increasing adoption in bio-based plastics for packaging and automotive applications. By end-use industry, key segments include packaging, automotive, healthcare, construction, and personal care. The packaging and automotive sectors lead, driven by rising demand for sustainable and high-performance materials. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. Europe and North America are key markets due to strict environmental regulations promoting green chemistry, while Asia-Pacific is emerging as a high-growth region owing to industrialization and increasing demand for sustainable solutions. Market segmentation also explores innovations in bio-based intermediates and their potential in next-generation polymers.
Isosorbide Market, End-Use Outlook (Revenue – USD Million, 2019-2032)
- Resins & Polymers
- Additives
- Others
Isosorbide Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Polyethylene Isosorbide Terephthalate
- Polycarbonate
- Polyurethane
- Polyester Polyisosorbide Succinate
- Isosorbide Diesters
- Others
Isosorbide Industry Developments:
In May 2022, Mitsubishi Chemicals launched a new product, “DURABIO”, a bio-based material made from plant-derived isosorbide. This innovative product offers exceptional properties such as heat resistance, weather resistance, and impact resistance. It has been adopted by Suzuki Motor for use in the front grille of its S-CROSS brand, showcasing its versatility and performance in automotive applications.
In October 2022, Roquette introduced two new mannitol products specifically designed for direct compression. These products were developed to address and overcome unique challenges in drug formulation, enabling manufacturers to optimize production processes and explore novel applications. The new solutions highlight Roquette’s focus on advancing pharmaceutical technologies to improve efficiency and innovation in drug manufacturing.
The Isosorbide market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.