Isosorbide market, a bio-based chemical derived from sorbitol, is gaining popularity in applications such as polymers, resins, and pharmaceuticals. Its use as a green alternative to petroleum-based chemicals aligns with the growing emphasis on sustainability. The packaging industry, driven by consumer demand for eco-friendly materials, is a significant contributor to market growth. Europe and North America are key regions, benefiting from robust regulatory support for bio-based materials, while Asia-Pacific is witnessing increasing adoption due to its expanding industrial base.
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.
Market Trends: Isosorbide
- Sustainability Push: Increasing demand for bio-based and eco-friendly chemicals in polymers and resins.
- Packaging Industry Growth: Rising use of isosorbide in biodegradable and recyclable packaging solutions.
- Pharmaceutical Applications: Expanding use in drug formulations for its biocompatibility.
- Regulatory Support: Favorable policies promoting bio-based materials in North America and Europe.
- Emerging Markets: Growing adoption in Asia-Pacific due to increasing industrialization and demand for green materials.
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
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Isosorbide market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Market Segmentation: Isosorbide
The isosorbide market is segmented by application, product type, and region. Applications include polymers & resins, pharmaceuticals, personal care products, and solvents, with the polymers segment being the largest, driven by demand for biodegradable plastics and eco-friendly materials. Product types of isosorbide include isosorbide monomer and derivatives, with the monomer being used primarily in polymer production. Geographically, North America and Europe lead in market share, driven by strong demand for bio-based and sustainable chemicals, particularly in packaging and plastics. The Asia-Pacific region is experiencing rapid growth due to industrial expansion, increased adoption of renewable resources, and growing consumer demand for eco-friendly products.
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 Chemical launched a new product, “DURABIO,” which was adopted by Suzuki Motor for the front grill of the S-CROSS brand. Made from plant-derived isosorbide, DURABIO offers exceptional properties such as heat resistance, weather resistance, and impact resistance.
In October 2022, Roquette introduced two new mannitol products designed for direct compression. These products were developed to address unique drug formulation challenges, helping manufacturers optimize processes and expand into new applications.
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