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 2024-2031

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.