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

Global Isosorbide Market was valued at USD 0.66 Billion in 2022 and is poised to grow from USD 0.72 Billion in 2023 to USD 1.45 Billion by 2031, at a CAGR of 9.1% during the forecast period (2024-2031).

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.