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Isosorbide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Isosorbide Market Trends & Price and it is Segmented by Application (Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyurethane, Polyesters Isosorbide Succinate, Isosorbide Diesters, and Other Applications), End-user Industry (Polymers and Resins, Additives, Pharmaceuticals, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for Isosorbide are provided in terms of revenue (USD million) for all the above segments.

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Isosorbide Market Size

Isosorbide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Isosorbide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Isosorbide Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Isosorbide Market Analysis

The Global Isosorbide Market is projected to register a CAGR of over 8% during the forecast period (2021-2026).

The market is negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction, and automotive manufacturing activities were temporarily halted during the lockdown, thus led to a decrease in the consumption of isosorbide polymer and resins used in the production of automotive parts such as interior console and dashboard, exterior radiator grille, etc. and construction products including flooring, decorative indoor surfaces, etc., which in turn has negatively impacted the demand for the market studied. However, the demand for isosorbide derivatives including isosorbide mononitrate and dinitrate has increased during the current situation in order to treat chest pain (angina) induced due to COVID-19, thereby stimulating the demand for the market studied.

  • Over the short term, the rising demand for isosorbide from the pharmaceutical industry and the growing demand for bio-based products are expected to drive the market's growth.
  • On the flip side, the side effects of isosorbide derivatives on health and unfavorable conditions arising due to the COVID-19 pandemic are expected to hinder the growth of the market.
  • By end-user industry, the polymer and resin segment is expected to dominate the market, owing to the increasing demand from industries, like construction, electrical and electronics, and others.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Isosorbide Market Trends

This section covers the major market trends shaping the Isosorbide Market according to our research experts:

Increasing Demand from the Polymer and Resins Segment

  • Isosorbide is a white heterocyclic chemical compound from the group of diols, containing two fused furan rings. It is mainly derived from the catalytic hydrogenation of glucose.
  • The growing demand for polymers and resins to manufacture products for various applications in medical, electronic gadgets, and the automotive industry is increasing the demand for isosorbide and propelling its growth.
  • According to OICA, about 92.18 million vehicles were produced globally in 2019 and has reached about 77.62 million vehicles in 2020, registering a decline rate of about 15.8%, thus led to a decrease in the demand for isosorbide polymer and resins-based automotive parts such as interior console and dashboard, exterior radiator grille, etc.
  • Isosorbide is eco-friendly and non-toxic in nature, as it is produced from raw materials, like starch obtained from maize, wheat, rice, and other crops containing starch. Thus, it is widely used to manufacture biopolymers like polyesters and polycarbonates.
  • Isosorbide bis-glycidyl ether is formed by reacting isosorbide with epichlorohydrin, which is crosslinked to thermosetting epoxy resins with suitable curing agents, such as polyamines or cyclic acid anhydrides. These resins find applications as adhesives and paints and coatings of food cans, thus increasing the demand for isosorbide and propelling its growth.
  • The global construction industry was valued at about USD 12 trillion in 2019 and is estimated to reach about USD 14.3 trillion by 2024, with a CAGR of about 3.5%, which is likley to enhance the isosorbide market in the construction industry.
  • Moreover, in 2019, the total value of new construction put in place was about USD 1,365 billion in the United States and reached about USD 1,430 billion in 2020, with a growth rate of about 4.5%, which in-turn stimulated the demand for the isosorbide market.
  • The global polymer industry is expected to register a CAGR of over 5% during the forecast period, which may increase the demand for isosorbide and stimulate its growth in future.
  • Therefore, the aforementioned factors are expected to show significant impact on the market in the coming years.
Isosorbide Market, Revenue (%), By End-user Industry, Global, 2020

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the market for isosorbide during the forecast period. In countries, like China and India, owing to the increasing demand for bio-plastics due to low raw material and labor costs, the demand for isosorbide has been increasing in the region.
  • The growing demand for bio-based polymers, like polyethylene isosorbide terephthalate (PIET), polycarbonate, and polyurethane made from isosorbide, is anticipated to drive the isosorbide market in the region during the forecast period.
  • Additionally, derivatives of isosorbide, namely, diesters and dimethyl, are used as plasticizers in polyvinyl chloride (PVC) and solvents and fluxing agents, respectively. Due to this, the demand for isosorbide has been increasing in the region, which is fueling the growth of the isosorbide market.
  • The construction sector is the key consumer of isosorbide-based polymers such as polyethylene co-isosorbide terephthalate (PIET), polycarbonate, polyvinyl chloride (PVC), and others. In 2020, the Chinese construction industry was valued at about USD 1,049.2 billion and is estimated to reach about USD 1,117.4 billion by 2021, with a growth rate of about 6.5%, thus led to an increase in the consumption of isosorbide from the construction industry for applications including flooring, furniture, and others, which in-turn stimulates the demand for the studied market.
  • Furthermore, the increasing application of derivatives of isosorbide, such as mononitrates and dinitrates, in medical applications to treat coronary artery diseases is boosting the isosorbide market. Also, isosorbide dinitrate is one of the important ingredients in anti-hypertension drugs.
  • The bioplastics market in Asia-Pacific is expected to register a CAGR of over 27% during the forecast period. This may create lucrative growth opportunities for the isosorbide market during the forecast period.
  • Isosorbide finds its application in the automotive industry, where it is used to make the paint less automotive exterior and interior parts. According to OICA, China had produced about 25.75 million vehicles in 2019 and reached about 25.23 million vehicles in 2020, with a decline rate of about 2%, thus led to a decrease in the consumption of isosorbide from the automotive segment, which in-turn negatively impacts the demand for the studied market.
  • Additionally, India had produced about 4.52 million vehicles in 2019 and reached about 3.39 million vehicles in 2020, with a decline rate of about 25%, which in turn has negatively impacted the demand for the isosorbide market.
  • Some of the major companies operating in Asia-Pacific are Roquette Frères, ADM, and Mitsubishi Chemical Corporation.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.
Isosorbide Market - Growth Rate by Region, 2021-2026

Isosorbide Industry Overview

The isosorbide market is consolidated in nature. Some of the key players in the market include Roquette Freres, ADM, Novaphene, Mitsubishi Chemical Corporation, and Par Pharmaceutical, among others.

Isosorbide Market Leaders

  1. ADM

  2. Mitsubishi Chemical Corporation

  3. Novaphene

  4. Par Pharmaceutical

  5. Roquette Frères

*Disclaimer: Major Players sorted in no particular order

Isosorbide Market Concentration
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Isosorbide Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Trend of Bio-based Products

      2. 4.1.2 Increasing Demand from Pharmaceutical Sector

    2. 4.2 Restraints

      1. 4.2.1 Side Effects of Isosorbide Derivatives on Health

      2. 4.2.2 Unfavorable Conditions Arising due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Polyethylene Isosorbide Terephthalate (PEIT)

      2. 5.1.2 Polycarbonate

      3. 5.1.3 Polyurethane

      4. 5.1.4 Polyesters Isosobide Succinate

      5. 5.1.5 Isosorbide Diesters

      6. 5.1.6 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Polymers and Resins

      2. 5.2.2 Additives

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADM

      2. 6.4.2 Ecogreen Oleochemicals GmbH

      3. 6.4.3 J P Laboratories Pvt. Ltd

      4. 6.4.4 J&K Scientific Ltd

      5. 6.4.5 Jinan Hongbaifeng Industry & Trade Co. Ltd

      6. 6.4.6 Mitsubishi Chemical Corporation

      7. 6.4.7 Novaphene

      8. 6.4.8 Par Pharmaceutical

      9. 6.4.9 Roquette Frères

      10. 6.4.10 TCI Chemicals (India) Pvt. Ltd

      11. 6.4.11 Thermo Fisher Scientific India Pvt. Ltd.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Isosorbide Industry Segmentation

Isosorbide is a white, crystalline, polyol that can be produced from acid-catalyzed dehydration of a compound obtained from the hydrogenation of glucose called sorbitol. It finds its major application in the construction, automotive, and pharmaceutical industries. The isosorbide market is segmented by application, end-user industry, and geography. By application, the market is segmented into Strong and Fuming. By application, the market is segmented into Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyurethane, Polyesters Isosorbide Succinate, Isosorbide Diesters, and Other Applications. By end-user industry, the market is segmented into Polymers and Resins, Additives, Pharmaceuticals, and Other End-user Industries. The report also covers the market size and forecasts for the isosorbide market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Application
Polyethylene Isosorbide Terephthalate (PEIT)
Polycarbonate
Polyurethane
Polyesters Isosobide Succinate
Isosorbide Diesters
Other Applications
End-user Industry
Polymers and Resins
Additives
Pharmaceuticals
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Isosorbide Market Research FAQs

The Isosorbide Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

ADM, Mitsubishi Chemical Corporation, Novaphene, Par Pharmaceutical and Roquette Frères are the major companies operating in the Isosorbide Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Isosorbide Market.

The report covers the Isosorbide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Isosorbide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Isosorbide Industry Report

Statistics for the 2024 Isosorbide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Isosorbide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Isosorbide Market Report Snapshots

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Isosorbide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)