Isosorbide Market Size (2024 - 2029)

The isosorbide market is experiencing growth driven by increasing demand from the pharmaceutical sector and a shift towards bio-based products, despite challenges posed by the COVID-19 pandemic. The market's expansion is somewhat hindered by health-related side effects of isosorbide derivatives and the pandemic's impact on certain industries. The polymer and resin segment is anticipated to lead the market due to rising needs in construction and electronics. The Asia-Pacific region, particularly China and India, holds a significant share of the market.

Home Market Analysis Chemicals & Materials Research Fine Chemicals Research Isosorbide Research Isosorbide Industry Market Size

Market Size of Isosorbide Industry

Isosorbide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Isosorbide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Isosorbide Market Analysis

The Global Isosorbide Market is projected to register a CAGR of over 8% during the forecast period (2021-2026).

The market is negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction, and automotive manufacturing activities were temporarily halted during the lockdown, thus led to a decrease in the consumption of isosorbide polymer and resins used in the production of automotive parts such as interior console and dashboard, exterior radiator grille, etc. and construction products including flooring, decorative indoor surfaces, etc., which in turn has negatively impacted the demand for the market studied. However, the demand for isosorbide derivatives including isosorbide mononitrate and dinitrate has increased during the current situation in order to treat chest pain (angina) induced due to COVID-19, thereby stimulating the demand for the market studied.

  • Over the short term, the rising demand for isosorbide from the pharmaceutical industry and the growing demand for bio-based products are expected to drive the market's growth.
  • On the flip side, the side effects of isosorbide derivatives on health and unfavorable conditions arising due to the COVID-19 pandemic are expected to hinder the growth of the market.
  • By end-user industry, the polymer and resin segment is expected to dominate the market, owing to the increasing demand from industries, like construction, electrical and electronics, and others.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Isosorbide Industry Segmentation

Isosorbide is a white, crystalline, polyol that can be produced from acid-catalyzed dehydration of a compound obtained from the hydrogenation of glucose called sorbitol. It finds its major application in the construction, automotive, and pharmaceutical industries. The isosorbide market is segmented by application, end-user industry, and geography. By application, the market is segmented into Strong and Fuming. By application, the market is segmented into Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyurethane, Polyesters Isosorbide Succinate, Isosorbide Diesters, and Other Applications. By end-user industry, the market is segmented into Polymers and Resins, Additives, Pharmaceuticals, and Other End-user Industries. The report also covers the market size and forecasts for the isosorbide market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Application
Polyethylene Isosorbide Terephthalate (PEIT)
Polycarbonate
Polyurethane
Polyesters Isosobide Succinate
Isosorbide Diesters
Other Applications
End-user Industry
Polymers and Resins
Additives
Pharmaceuticals
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Isosorbide Market Size Summary

The isosorbide market is poised for significant growth, driven by increasing demand from various industries such as pharmaceuticals, construction, and automotive. Isosorbide, a bio-based chemical compound derived from glucose, is gaining traction due to its eco-friendly and non-toxic properties. The market experienced a temporary setback during the COVID-19 pandemic, which disrupted construction and automotive manufacturing activities, leading to a decline in demand for isosorbide-based polymers and resins. However, the demand for isosorbide derivatives, particularly in medical applications, has seen an uptick, partially offsetting the negative impact of the pandemic. The polymer and resin segment is expected to dominate the market, fueled by the rising need for bio-based products and the growing construction and electronics sectors.

Asia-Pacific is anticipated to lead the global isosorbide market, with countries like China and India at the forefront due to their burgeoning demand for bio-plastics and bio-based polymers. The region's construction industry, a key consumer of isosorbide-based products, is experiencing robust growth, further stimulating market demand. Despite challenges such as the decline in vehicle production affecting the automotive segment, the overall market outlook remains positive, supported by the increasing application of isosorbide in bioplastics and medical derivatives. The market is characterized by a consolidated structure, with major players like Roquette Frères, ADM, and Mitsubishi Chemical Corporation driving innovation and expansion.

Explore More

Isosorbide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Trend of Bio-based Products

      2. 1.1.2 Increasing Demand from Pharmaceutical Sector

    2. 1.2 Restraints

      1. 1.2.1 Side Effects of Isosorbide Derivatives on Health

      2. 1.2.2 Unfavorable Conditions Arising due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Polyethylene Isosorbide Terephthalate (PEIT)

      2. 2.1.2 Polycarbonate

      3. 2.1.3 Polyurethane

      4. 2.1.4 Polyesters Isosobide Succinate

      5. 2.1.5 Isosorbide Diesters

      6. 2.1.6 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Polymers and Resins

      2. 2.2.2 Additives

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Isosorbide Market Size FAQs

The Isosorbide Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

ADM, Mitsubishi Chemical Corporation, Novaphene, Par Pharmaceutical and Roquette Frères are the major companies operating in the Isosorbide Market.

Isosorbide Market Report Snapshots

Isosorbide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)