The global isosorbide market grew at a CAGR of around 9% during 2014-2019.
Also known as D-Isosorbide dinitrate, isosorbide (C6H10O4) is a bio-product obtained from starch. The derivatives of isosorbide, namely isosorbide dinitrate and isosorbide mononitrate, find extensive applications across various end use industries across the globe. Amongst these, isosorbide dinitrate is a solid, colorless crystal that is widely used as a vasodilator agent in the treatment of angina pectoris. On the other hand, isosorbide mononitrate is an anti-anginal agent, which is commonly utilized for relaxing the smooth muscles of both the arteries and veins.
The rising environmental concerns, in confluence with the growing preferences of individuals towards green alternatives, represent one of the key factors that are escalating the demand for isosorbide around the world. It is biodegradable, owing to which it is used as an alternative to fossil fuel derivatives. Furthermore, governments of several countries are implementing stringent regulations to encourage the adoption of bioplastics in different industries, such as food and beverage (F&B) and healthcare. For instance, isosorbide-derived epoxy resins are gaining popularity in the biomedical field, drug delivery systems, and bone cement and coatings worldwide. Other than this, polycarbonate manufactured using isosorbide finds applications in the electronics, construction, security and automotive industries. Apart from this, manufacturers operating in the industry are adopting waste recycling strategies for minimizing waste emission during the production of isosorbide. These innovations are expected to reduce production costs and provide growth opportunities to manufactures in the upcoming years. Looking forward, the analyst expects the market to continue to exhibit moderate growth during the forecast period (2020-2025).
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
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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.
Key Questions Answered in This Report:
How has the global isosorbide market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global isosorbide market and who are the key players?
What is the degree of competition in the industry?