Global Isosorbide Market Size, Share, Growth Analysis, By Application(Polycarbonate Production, and Polyester Polyols Production), By End-User Industry(Plastics Industry, Pharmaceutical Industry) - 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 growing need for environmentally friendly and sustainable materials across a range of end-use sectors is predicted to propel the worldwide isosorbide market's rise in the upcoming years. A biobased chemical called isosorbide is produced from renewable resources like corn and sugar beet. With superior thermal and chemical stability, this white crystalline solid presents a compelling substitute for conventional materials derived from petrochemicals. Numerous end-use sectors, such as plastics, medicines, and personal care, employ isosorbide in a variety of ways. It serves as a vasodilator and an antianginal medication in the treatment of cardiovascular disorders, a raw material for the production of high-performance polymers like polycarbonates, and a component in cosmetics and personal hygiene products. Isosorbide is an environmentally friendly alternative since it is renewable, biodegradable, and has a less carbon footprint than conventional materials. The need for isosorbide-based polymers in a variety of end-use sectors, such as plastics, pharmaceuticals, and personal care, is attributed by the research to the market's rise. With a lion's share of the market, the plastics industry is the biggest end-user of isosorbide. Growth in the isosorbide market in the Asia-Pacific area is mostly due to rising demand in nations like China, Japan, and India for sustainable materials.

The increasing need for strong, lightweight materials for a variety of uses, including consumer goods, automotive components, and electronic components, is predicted to drive up the use of isosorbide in the production of polycarbonate. Another important end-user of isosorbide is the pharmaceutical sector, where it is employed as an antianginal and vasodilator medication. The pharmaceutical industry's isosorbide market is predicted to increase at a rapid pace due to the rise in cardiovascular illnesses and the growing need for safe and effective treatment alternatives. Isosorbide finds its primary application in the personal care business, which produces toiletries, cosmetics, and other items for personal hygiene. This is a very modest but expanding market for the drug. Although isosorbide-based compounds are currently not widely used in personal care products, the growing demand for eco-friendly and sustainable ingredients will probably open up new markets for isosorbide-based goods in this sector of the market. However, in some applications where cost-effectiveness is the main consideration, the use of isosorbide-based polymers may be limited due to their high production costs when compared to standard petrochemical-based materials. Furthermore, the absence of well-established distribution and supply chains for goods based on isosorbides may potentially present a barrier to market expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Isosorbide Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Isosorbide Market Segmental Analysis

The Global Isosorbide market is segmented into application, and end-user industry. Based on application, the market can be segmented into polycarbonate production, and polyester polyols production. Based on end-user industry, the Isosorbide Market can be segmented into Plastics Industry, Pharmaceutical Industry, and personal care industry. Based on region, the Isosorbide Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Isosorbide Market

The growing need for environmentally friendly and sustainable materials is one of the main factors propelling the isosorbide market's expansion. Biodegradable and renewable, isosorbide-based polymers are a good substitute for conventional petrochemical-based products. In the upcoming years, the demand for isosorbide is anticipated to be driven by the transition in several industries, such as plastics, pharmaceuticals, and personal care, towards more environmentally friendly and sustainable goods and processes. Concerns about climate change, resource depletion, and the damaging effects of industrial activities on the environment are what are driving this growing movement toward sustainability.

Restraints in the Global Isosorbide Market

The absence of standards and regulations in the manufacturing and distribution of isosorbide products is one factor that could limit the growth of the isosorbide market. Isosorbide products have proliferated on the market as a result of the growing desire for natural health supplements; nevertheless, some of these items might not adhere to the necessary safety and quality standards. This may result in customers buying things that are either inefficient or even dangerous for their health. Variations in the potency and purity of isosorbide products can also be caused by a lack of control and standardization, which may alter the product's therapeutic advantages.

Market Trends of the Global Isosorbide Market

The growing usage of environmentally friendly and sustainable materials in a variety of end-use industries is a significant market trend in the isosorbide sector. Compared to conventional petrochemical-based materials, isosorbide-based polymers provide a number of benefits, such as biodegradability, renewability, and a lower environmental impact. The demand for more sustainable alternatives and increased awareness of the harmful impact that conventional materials have on the environment and human health are what are driving this movement. In the future, isosorbide-based product demand is anticipated to rise due to the adoption of circular economy concepts and the growing emphasis on lowering carbon emissions, especially in the plastics sector.