Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The market trends of the isosorbide market are indicative of a growing demand and evolving landscape within the chemical industry. Isosorbide, a versatile compound derived from renewable feedstocks such as glucose, is witnessing a surge in applications across various sectors including pharmaceuticals, cosmetics, polymers, and more. One notable trend driving this market is the increasing preference for sustainable and eco-friendly alternatives. As consumers become more environmentally conscious, there is a growing inclination towards products derived from renewable sources, thus boosting the demand for isosorbide-based products.
In the pharmaceutical sector, isosorbide finds extensive usage in the production of cardiovascular drugs due to its vasodilatory properties. With the rising incidence of cardiovascular diseases globally, the demand for such medications is on the rise, contributing to the growth of the isosorbide market. Additionally, ongoing research and development activities aimed at exploring new therapeutic applications of isosorbide further fuel market expansion in the pharmaceutical domain.
Moreover, the cosmetics industry is increasingly incorporating isosorbide into various products owing to its moisturizing and film-forming properties. As consumers prioritize natural and sustainable ingredients in personal care products, manufacturers are reformulating their offerings to meet these preferences, thereby driving the demand for isosorbide-based formulations. The versatility of isosorbide also extends to the food and beverage industry, where it is utilized as a food additive and sweetener, especially in products catering to health-conscious consumers.
Waste recycling strategies are being implemented by industry manufacturers of isosorbide in order to reduce waste emissions during the production of isosorbide.
Furthermore, the isosorbide market is witnessing significant traction in the polymer industry, particularly in the production of biodegradable plastics and resins. With growing environmental concerns surrounding traditional plastics, there is a burgeoning demand for sustainable alternatives. Isosorbide-based polymers offer desirable properties such as biodegradability, thermal stability, and mechanical strength, making them attractive for various applications ranging from packaging materials to automotive components.
Another notable trend in the isosorbide market is the emphasis on technological advancements and process innovations to enhance production efficiency and reduce manufacturing costs. Manufacturers are investing in research and development to optimize production processes and develop novel synthesis methods, thereby driving down the overall cost of isosorbide production. This, in turn, makes isosorbide more competitive in the market and widens its application scope across different industries.
Additionally, the geographical expansion of the isosorbide market presents lucrative opportunities for market players. Emerging economies, particularly in Asia-Pacific and Latin America, are witnessing rapid industrialization and urbanization, driving demand for isosorbide-based products in various sectors. Furthermore, favorable government initiatives promoting sustainable development and the adoption of bio-based chemicals further bolster market growth in these regions.
However, despite the promising growth prospects, the isosorbide market also faces certain challenges. Regulatory hurdles and compliance requirements associated with the use of isosorbide in different industries can pose obstacles to market expansion. Moreover, fluctuations in raw material prices and the availability of feedstocks could impact the overall cost structure of isosorbide production, thereby influencing market dynamics.
Isosorbide Market Highlights:
Global Isosorbide Market Overview
Isosorbide Market Size was valued at USD 0.54 billion in 2023. The Isosorbide market industry is projected to grow from USD 0.58 Billion in 2024 to USD 1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.97% during the forecast period (2024 - 2032). Increased need for alternatives to petroleum-based products and the growing emphasis on bio-based chemicals have resulted in significant expenditures in R&D, and product innovation with environmentally friendly qualities is expected to generate new opportunities for market expansion are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Isosorbide Market Trends
-
Rising environmental concerns are driving the market growth
Isosorbide generated from starch is a sustainable substitute for synthetic polymers. This factor is anticipated to have a beneficial impact on product demand. Increasing demand for bioplastics is projected to boost the market CAGR. The initiatives taken by the United States Department of Agriculture to encourage ecologically friendly products are projected to increase the overall demand for bioplastics. Government initiatives and regulatory support are likely to promote environmentally friendly chemical production. ly, epoxy resins made from Isosorbide are gaining appeal in the biomedical industry, medication delivery devices, bone cement, and coatings. In addition, isosorbide-produced polycarbonate has uses in the electronic, construction, security, and automotive industries. In Europe, for instance, Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) allows makers of bio-based/green products to create and promote environmentally sustainable bio-passed/green alternatives.
Additionally, isosorbide is made from plant feedstocks that can be renewed annually using a process that involves consecutive hydrolysis and hydrogenation steps. Hydrolysis turns plant starches into glucose, which is then transformed into sorbitol; the final step is the hydrogenation of sorbitol to Isosorbide. Over the past two decades, the production technology for Isosorbide has been optimized to reduce carbon footprint and maintain high levels of purity. To minimize waste emissions during the production of Isosorbide, producers in the sector are employing waste recycling strategies. In the next years, these advancements are anticipated to cut production costs and create growth prospects for manufacturers.
Moreover, the high cost of generating Isosorbide and biodegradable polymers is one of the primary impediments to market growth. Nonetheless, technological advancements and rising bioplastics expenditures are anticipated to drive market growth over the projection period. In addition, the adverse health effects of isosorbide derivatives are anticipated to impede the market's expansion. Thus, these factors drive the Isosorbide market revenue.
Isosorbide Market Segment Insights
Isosorbide Application Insights
Based on application, the Isosorbide market segmentation includes polymers and coating, pharmaceuticals, and others. The polymers and coating segment dominated the market due to the large share attributed to the mounting consumption of the product in thermoplastics and packaging applications such as hot-fill containers, jars, and bottles.
Figure1: Isosorbide Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Isosorbide Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the world. North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due tothe government regulations to reduce VOC content in paints, and coatings are projected to drive the bio-based coatings market in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: ISOSORBIDE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Isosorbide market accounts for the second-largest market share due to the growing popularity of bio-concept cars is expected to boost the demand for isosorbide-based thermoplastics. Further, the German Isosorbide market held the largest market share, and the UK Isosorbide market was the fastest-growing market in the European region.
The Asia-Pacific Isosorbide Market will dominate this market, owing to the presence of some of the largest polymer manufacturers and a large clientele base. Moreover, China’s Isosorbide market held the largest market share, and the Indian Isosorbide market was the fastest-growing market in the Asia-Pacific region.
Isosorbide Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Isosorbide market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Isosorbide industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Isosorbide industry to benefit clients and increase the market sector. The Isosorbide industry has offered some of the most significant medical advantages in recent years. Major players in the Isosorbide market, includingRoquette Frères (France), ADM (US), Novaphene (India), Samyang Biopharmaceuticals Corp., Inc (South Korea), Par Pharmaceutical (US)., and others, are attempting to increase market demand by investing in research and development operations.
Roquette is a French-based family-owned company that produces more than 650 by-products from the starch extracted from corn, wheat, potatoes, and peas. Roquette, a pioneer in plant-based ingredients and a major pharmaceutical and nutraceutical excipients provider, has acquired Crest Cellulose, an excipient manufacturer based in India. After acquiring a majority stake in the company in 2018, Roquette can continue pursuing its aggressive growth objectives and address the expanding demand for high-quality plant-based excipients.
Cargill, Incorporated, is a privately held American food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Cargill announced the completion of the majority acquisition of Croda's Performance Technologies and Industrial Chemicals business; the former Croda Smart Materials business is now formally part of Cargill Bioindustrial. The acquisition is the largest for Cargill's bio-industrial sector, bringing in around 750 personnel from around the globe. In addition, roughly 85 percent of the raw materials used to produce the goods added to Cargill's bio-industrial portfolio are renewable and bio-based, in line with the company's commitment to sustainability.
Key Companies in the Isosorbide market include
- Roquette Frères (France)
- ADM (US)
- Novaphene (India)
- Samyang Biopharmaceuticals Corp., Inc (South Korea)
Isosorbide IndustryDevelopments
September 2022: Roquette, a pioneer in plant-based ingredients and a major pharmaceutical and nutraceutical excipients provider, has acquired Crest Cellulose, an excipient manufacturer based in India. After acquiring a majority stake in the company in 2018, Roquette can continue pursuing its aggressive growth objectives and address the expanding demand for high-quality plant-based excipients.
July 2022: Cargill announced the completion of the majority acquisition of Croda's Performance Technologies and Industrial Chemicals business; the former Croda Smart Materials business is now formally part of Cargill Bioindustrial. The acquisition is the largest for Cargill's bio-industrial sector, bringing in around 750 personnel from around the globe. In addition, roughly 85 percent of the raw materials used to produce the goods added to Cargill's bio-industrial portfolio are renewable and bio-based, in line with the company's commitment to sustainability.
Isosorbide Market Segmentation
Isosorbide Application Outlook
- Polymers and Coating
- Pharmaceuticals
- Others
Isosorbide Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
