USD 0.66 Billion
Isosorbide Market Size, Share, Growth Analysis, By Application(Polycarbonate Production, and Polyester Polyols Production), By End-User Industry(Plastics Industry, Pharmaceutical Industry, and Personal care industry), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2131 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
62
|Figures:
78
Isosorbide Market Insights
Isosorbide Market size was valued at USD 0.72 Billion in 2023 and is poised to grow from USD 0.79 Billion in 2024 to USD 1.58 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2025-2032).
The global isosorbide market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable and eco-friendly materials in various end-use industries. Isosorbide is a bio-based chemical compound derived from renewable resources such as corn or sugar beet. It is a white crystalline solid with excellent thermal and chemical stability, making it an attractive alternative to traditional petrochemical-based materials.
Isosorbide has a wide range of applications in various end-use industries, including plastics, pharmaceuticals, and personal care. It is used as a raw material for producing high-performance polymers such as polycarbonates, as a vasodilator and antianginal drug in the treatment of cardiovascular diseases, and as an ingredient in cosmetics and personal care products. Isosorbide is biodegradable, renewable, and has a lower carbon footprint compared to traditional materials, making it an environmentally sustainable option. The report attributes the growth of the market to the increasing demand for isosorbide-based polymers in various end-use industries, including plastics, pharmaceuticals, and personal care. The plastics industry is the largest end-user of isosorbide, accounting for the majority of the market share.
In the APAC region, the growth of the isosorbide market is driven by the increasing demand for sustainable materials in countries such as China, Japan, and India. The use of isosorbide in polycarbonate production is expected to increase due to the growing demand for lightweight and durable materials in various applications such as electronic components, automotive parts, and consumer goods. The pharmaceutical industry is another significant end-user of isosorbide, where it is used as a vasodilator and antianginal drug. The rise in cardiovascular diseases and the increasing demand for effective and safe treatment options are expected to drive the growth of the isosorbide market in the pharmaceutical industry.
The personal care industry is a relatively small but growing end-user of isosorbide, where it is used in the production of cosmetics, toiletries, and other personal care products. The use of isosorbide-based ingredients in personal care products is still limited, but the growing interest in sustainable and eco-friendly ingredients is likely to create new opportunities for isosorbide-based products in this industry. However, the high cost of production compared to traditional petrochemical-based materials can limit the adoption of isosorbide-based polymers in certain applications where cost-effectiveness is a primary concern. Additionally, the lack of established supply chains and distribution networks for isosorbide-based products can also pose a challenge for market growth.
US Isosorbide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Polycarbonate Production
Fastest Growth
Polycarbonate Production
Growth Rate
9.1% CAGR
Global Isosorbide Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Isosorbide Market Segmental Analysis
The Global Isosorbide market is segmented into application, and end-user industry. Based on application, the market can be segmented into polycarbonate production, and polyester polyols production. Based on end-user industry, the Isosorbide Market can be segmented into Plastics Industry, Pharmaceutical Industry, and personal care industry. Based on region, the Isosorbide Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Isosorbide Market Analysis by Application
By application, the market can be segmented into polycarbonate production, and polyester polyols production. Polycarbonate segment dominated the global market. These and high-performance polymers that have excellent mechanical properties, transparency, and heat resistance. Isosorbide is a key raw material used in the production of polycarbonates. The growing demand for polycarbonates in the automotive, electrical and electronics, and construction industries is driving the growth of the isosorbide market.
Polyester polyols are one of the fastest growing application of isosorbide. They are used in the production of coatings, adhesives, and sealants. Isosorbide-based polyester polyols have excellent mechanical and thermal properties, which make them ideal for high-performance coatings and adhesives. The increasing demand for sustainable and eco-friendly coatings and adhesives is driving the growth of the isosorbide market.
Isosorbide Market Analysis by End-User Industry
By distribution channel, the market can be segmented into end-user industry, the market can be segmented into Plastics Industry, Pharmaceutical Industry, and personal care industry. The plastics industry is a major end-user of isosorbide, accounting for a significant share of the global market. Isosorbide is used as a raw material for producing high-performance polymers such as polycarbonates, which have excellent properties such as high transparency, impact resistance, and heat resistance. The use of isosorbide in polycarbonate production is expected to increase due to the growing demand for lightweight and durable materials in various applications such as electronic components, automotive parts, and consumer goods. Moreover, the shift towards more sustainable and eco-friendly materials is also expected to drive the growth of the isosorbide market in the plastics industry. Isosorbide-based polymers are biodegradable and renewable, making them a viable alternative to traditional petrochemical-based materials. The increasing focus on environmental sustainability and circular economy is likely to drive the demand for isosorbide-based polymers in the plastics industry in the coming years.
The pharmaceutical industry is the fastest growing segment, where it is used as a vasodilator and antianginal drug. Isosorbide dilates blood vessels and improves blood flow, making it an effective treatment for angina pectoris, a condition characterized by chest pain and discomfort due to reduced blood flow to the heart. Isosorbide is also used to treat hypertension, congestive heart failure, and other cardiovascular conditions. The increasing prevalence of cardiovascular diseases and the growing demand for effective and safe treatment options are expected to drive the growth of the isosorbide market in the pharmaceutical industry. The rise in geriatric population and unhealthy lifestyle habits such as smoking, lack of physical activity, and unhealthy diets are major risk factors for cardiovascular diseases, creating a huge market potential for isosorbide-based drugs.
Global Isosorbide Market By Application, 2021 (%)
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Isosorbide Market Regional Insights
North America dominated the global isosorbide market. The region has a significant share in the global market owing to the presence of a large number of end-use industries, such as pharmaceuticals, cosmetics, and polymers. The market in North America is dominated by the US, which accounts for the majority of the revenue in the region. The US is a major consumer of isosorbide due to the growing demand for sustainable and eco-friendly products. The country has a well-established pharmaceutical industry, which is a major user of isosorbide in the production of drugs for cardiovascular diseases. The cosmetics industry in the US is also a major consumer of isosorbide, where it is used as an active ingredient in skin care products. The demand for isosorbide in the polymer industry is also growing in the US due to the increasing awareness about sustainable products. Isosorbide is used as a building block for the production of biodegradable plastics, which are gaining popularity in the region. This trend is expected to continue in the coming years, driving the growth of the isosorbide market in North America. Another factor driving the growth of the isosorbide market in North America is the presence of major manufacturers in the region. Companies such as Roquette Freres, Novaphene, and SK Chemicals have a significant presence in the market and are expanding their production capacities to meet the growing demand. However, the growth of the isosorbide market in North America is also hampered by the high cost of production and the availability of cheaper alternatives. These factors are expected to restrain the market growth in the region to some extent.
The Asia-Pacific region is expected to grow at the fastest CAGR. It is a rapidly growing market for isosorbide due to several factors. The region is home to some of the fastest-growing economies in the world, such as China, India, and South Korea, which have large and growing populations with increasing disposable incomes. Additionally, the region has a growing demand for eco-friendly and sustainable products, including those made from renewable sources such as isosorbide. China is the largest market for isosorbide in the APAC region due to its large population and growing demand for sustainable products. The country has a strong presence in the automotive and electronics industries, both of which require high-performance materials that can be produced sustainably. Isosorbide is used in the production of polycarbonates and other high-performance plastics, which are widely used in these industries. As a result, China is expected to continue to drive the growth of the isosorbide market in the APAC region. India is another rapidly growing market for isosorbide, driven by its large population and growing demand for eco-friendly products. The country has a significant presence in the agriculture and textile industries, both of which require sustainable and biodegradable materials. Isosorbide can be used in the production of biodegradable plastics and fibers, making it a valuable material for these industries.
Global Isosorbide Market By Geography, 2021-2030
- Largest
- Fastest
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Isosorbide Market Dynamics
Isosorbide Market Drivers
Increasing demand for sustainable and eco-friendly materials
- One key driver of the growth of the isosorbide market is the increasing demand for sustainable and eco-friendly materials. Isosorbide-based polymers are biodegradable and renewable, making them a viable alternative to traditional petrochemical-based materials. The shift towards more sustainable and environmentally friendly products and processes in various industries, including plastics, pharmaceuticals, and personal care, is expected to drive the demand for isosorbide in the coming years. This growing trend towards sustainability is being driven by concerns about climate change, resource depletion, and the negative impacts of industrial activity on the environment.
Isosorbide Market Restraints
Lack of regulation and standardization
- One potential restraint of the Isosorbide market is the lack of regulation and standardization in the production and distribution of Isosorbide products. Due to the increasing demand for natural health supplements, there has been a proliferation of Isosorbide products in the market, some of which may not meet the required quality and safety standards. This can lead to consumers purchasing products that are ineffective or even harmful to their health. Lack of regulation and standardization also leads to inconsistencies in the potency and purity of Isosorbide products, which can result in variations in the therapeutic benefits of the product.
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Isosorbide Market Competitive Landscape
The competitive landscape of the global isosorbide market comprises of several small and medium-sized players who are competing for a share in the market. These players are mainly focused on developing new and innovative products to meet the growing demand for sustainable products. The market is highly competitive and fragmented with players adopting strategies such as mergers, acquisitions, partnerships, and collaborations to expand their presence in the market. The companies are also investing heavily in R&D activities to improve the production processes and reduce the cost of production. The market is expected to witness intense competition in the coming years with players trying to gain a larger share of the market.
Isosorbide Market Top Player’s Company Profiles
- Roquette Freres SA
- SK Chemicals Co. Ltd.
- Jinan Hongbaifeng Industry & Trade Co. Ltd.
- Mitsubishi Chemical Corporation
- Novaphene Specialities Pvt. Ltd.
- Jinan Huaming Biochemistry Co. Ltd.
- Par Pharmaceutical Companies Inc.
- TCI Chemicals (India) Pvt. Ltd.
- Alfa Aesar GmbH & Co. KG
- Cargill Inc.
- Ecogreen Oleochemicals GmbH
- Caledonian Ferguson Timpson Ltd.
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Chengdu Kaijie Biopharm Co. Ltd.
- J&K Scientific Ltd.
- Henan Sinotech Import & Export Corporation
- Haihang Industry Co. Ltd.
- Tokyo Chemical Industry Co. Ltd.
- Zhejiang Shenghua Biok Biology Co. Ltd.
Isosorbide Market Recent Developments
- Mitsubishi Chemical said in May 2023 that it will begin offering samples of the new DURABIO D93 Series, a plant-derived bioengineering plastic generated from isosorbide.
- An asset transfer agreement was signed in March 2023 by SK Chemicals to purchase Shuye's chemically recycled PET and BHET business division. It is well known that SK Chemicals uses isosorbide to improve the characteristics of PET.
- In September 2022, Roquette completed the acquisition of Crest Cellulose, an excipient manufacturing company located in India. Following its initial majority stake investment in 2018, Roquette is well-positioned to persist in its ambitious growth pursuits and meet the increasing demand for top-notch plant-based excipients.
Isosorbide Key Market Trends
- One key market trend in the isosorbide industry is the increasing adoption of sustainable and eco-friendly materials in various end-use industries. Isosorbide-based polymers offer several advantages over traditional petrochemical-based materials, including biodegradability, renewability, and reduced environmental impact. This trend is driven by the growing awareness about the negative environmental and health effects of conventional materials and the need for more sustainable alternatives. The shift towards circular economy principles and the increasing focus on reducing carbon footprint are expected to further drive the demand for isosorbide-based products in the future, particularly in the plastics industry.
Isosorbide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global isosorbide market analysis, isosorbide is a biodegradable and sustainable chemical that is derived from renewable sources such as corn, wheat, and sorghum. It is used in a wide range of applications such as pharmaceuticals, cosmetics, polymers, and others. The increasing demand for sustainable and eco-friendly products is the major driver of the isosorbide market. The growing awareness about the harmful effects of traditional chemicals on the environment has led to the adoption of sustainable alternatives such as isosorbide. Additionally, the rising demand for biodegradable plastics is expected to drive the growth of the isosorbide market in the coming years. The market is highly competitive and fragmented with several small and medium-sized players competing for a share in the market. Companies are investing heavily in R&D activities to develop new and innovative products to meet the growing demand. The market is also witnessing several mergers, acquisitions, partnerships, and collaborations as players try to expand their presence in the market. The Asia Pacific region is expected to witness the highest growth in the isosorbide market due to the growing demand for sustainable products in countries such as China and India. The pharmaceutical industry is a major consumer of isosorbide in the region due to the high prevalence of cardiovascular diseases.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.66 Billion |
| Market size value in 2031 | USD 1.45 Billion |
| Growth Rate | 9.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Isosorbide Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Isosorbide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Isosorbide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Isosorbide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Isosorbide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Isosorbide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Isosorbide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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