The global isosorbide market grew at a CAGR of around 9% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. Isosorbide (C6H10O4), also known as D-Isosorbide Dinitrate, stands for a bio-product that is obtained from starch. Few of the derivatives of isosorbide include isosorbide dinitrate and isosorbide mononitrate, which are extensively used across several end-use industries. In the healthcare sector, isosorbide dinitrate is used as a vasodilator agent for treating angina pectoris, whereas isosorbide mononitrate is adopted as an anti-anginal agent to relax the smooth muscles of both arteries and veins.
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The growing consumer preferences towards greener alternatives of fossil fuel-based derivatives are augmenting the demand for isosorbides due to their biodegradable properties. Furthermore, the introduction of numerous government initiatives for promoting the use of isosorbide-derived bioplastics across the food and beverages, automotive, electronics, and healthcare sectors, is also driving the global isosorbide market growth. In line with this, the rising adoption of isosorbide-derived epoxy resins in the biomedical devices and drug delivery systems is further inducing the global market for isosorbides. In the coming years, the growing penetration of numerous high-end innovations and waste reduction strategies for minimizing waste generation during isosorbide production will continue to catalyze the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global isosorbide market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market on the basis of region, product, application and end-use.
Breakup by Product:
Oil-Based Isosorbide
Water-Based Isosorbide
Silicone-Based Isosorbide
Breakup by Application:
PEIT
Polycarbonate
Polyesters Isosorbide Succinate
Polyurethane
Isosorbide Diesters
Others
Breakup by End-Use:
Polymers and Resins
Additives
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Alfa Aesar, Archer Daniels Midland, Cargill, Ecogreen Oleochemicals, J&K Scientific, Jinan Hongbaifeng Industry & Trade, JP Laboratories, Meryer, Mitsubishi Chemical, Novaphene, Par Pharmaceutical, Roquette, SK Chemicals, TCI (Shanghai) Development, etc.
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