The isosorbide market share is expected to increase by USD 221.12 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.02%.
This isosorbide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers isosorbide market segmentations by end-user (resins and polymers, additives, and others) and geography (APAC, Europe, North America, South America, and MEA). The isosorbide market report also offers information on several market vendors, including Archer Daniels Midland Co., Endo International Plc, J&K Scientific Ltd., Jinan Hongbaifeng Industry And Trade Co. Ltd., Meryer Chemical Technology Co. Ltd., Mitsubishi Chemical Corp., Novaphene Specialities Pvt. Ltd., Roquette Freres SA, Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd. among others.
What will the Isosorbide Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Isosorbide Market Size for the Forecast Period and Other Important Statistics
Isosorbide Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The demand from resin and polymers is notably driving the isosorbide market growth, although factors such as health hazards may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the isosorbide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Isosorbide Market Driver
The demand from resin and polymers is notably driving the isosorbide market growth. The global resins market is driven by factors such as growing demand from the automotive industry, rising disposable income, increase in the number of infrastructure projects, increase in demand from medical applications, growing demand from emerging markets such as China and India, and technological advances. The growth in the resins market will generate high demand for isosorbide, which, in turn, will boost the growth of the market in focus. Isosorbide is used in polymers due to its biodegradable nature and superior properties. The global polymers market is driven by the high demand for polymers in applications such as packaging, building and construction, consumer goods, horticulture, automotive, rail transport, and electronics and telecommunications. The other factors driving the growth of the polymers market are the rising disposable income, growing demand from emerging countries, demographic changes, growing demand for bio-based and biodegradable products, and the rising standard of living. These factors will drive the global isosorbide market during the forecast period.
Key Isosorbide Market Trend
The demand from the additive industry is the key market trend driving the isosorbide market growth. Isosorbide is used in the additives industry as a bio-based intermediate in plasticizers, fuel additives, and polymer additives. When isosorbide is used as an additive, it enhances the functional ability such as self-healing and anticorrosion properties, and extends the shelf life of the coatings. The global additives market is growing significantly due to the growing demand for bio-based polymers, rapid industrialization, and government initiatives for the use of bio-products. This has led to an increase in the use of isosorbide in various coating applications, which is driving the market. In addition, the growing demand from the manufacturers of roofing, pipes, storage containers, cables, electronics, toys, kitchenware, safety gear, silage sheet, greenhouse films, seat belts, door panels, household products, and cosmetic articles are also driving the market, which, in turn, will drive the demand for isosorbide during the forecast period.
Key Isosorbide Market Challenge
The major challenge impeding the isosorbide market growth is the health hazards. Isosorbide derivatives are used to manufacture drugs. However, when used in a high concentration, Isosorbide-containing drugs have side effects. Some of the side effects of isosorbide that pose a serious risk are:
- Fast, slow, pounding, or uneven heart rate
- Breathing problems
- Blue-colored skin
Due to these side effects of isosorbide in pharmaceuticals, major government agencies, health governing authorities, and pharmaceutical regulatory bodies are introducing rigid regulations on the use of high concentrations of isosorbide in pharmaceuticals. These regulations are hindering the growth of the isosorbide market.
This isosorbide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global isosorbide market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the isosorbide market during the forecast period.
Who are the Major Isosorbide Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Archer Daniels Midland Co.
- Endo International Plc
- J&K Scientific Ltd.
- Jinan Hongbaifeng Industry And Trade Co. Ltd.
- Meryer Chemical Technology Co. Ltd.
- Mitsubishi Chemical Corp.
- Novaphene Specialities Pvt. Ltd.
- Roquette Freres SA
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry Co. Ltd.
This statistical study of the isosorbide market encompasses successful business strategies deployed by the key vendors. The isosorbide market is fragmented and the vendors are deploying growth strategies such as increase in technological innovations and product development to compete in the market.
Product Insights and News
- Roquette Freres SA - The company offers isosorbide through its brand POLYSORB.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The isosorbide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Isosorbide Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the isosorbide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Isosorbide Market?
For more insights on the market share of various regions Request for a FREE sample now!
45% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the isosorbide market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increased demand for bio-based products to replace BPA and other chemical products will facilitate the isosorbide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 severely affected several countries in the region, including China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines. Stringent lockdowns were imposed to prevent the community transmission of the disease. As a result, various companies and manufacturing units experienced production halts, which hampered the growth of the regional market in 2020. However, with the introduction of vaccination drives against COVID-19 in the region during the first half of 2021, there has been a resumption in industrial activities, which, in turn, has led to a rise in the demand for isosorbide in the region. In addition, the rapid growth of the pharmaceutical industry in APAC is expected to fuel the demand for packaging solutions, which, in turn, is expected to foster the growth of the regional market during the forecast period.
What are the Revenue-generating End-user Segments in the Isosorbide Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The isosorbide market share growth by the resins and polymers segment will be significant during the forecast period. Growing demand for bio-based products, rise in environmental concern, rapid urbanization, increase in industrialization, growing demand from emerging economies such as India and China, and growing demand from various applications are the major factors generating demand for isosorbide in this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the isosorbide market size and actionable market insights on post COVID-19 impact on each segment.
|
Isosorbide Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.02% |
|
Market growth 2021-2025 |
$ 221.12 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
7.25 |
|
Regional analysis |
APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA |
|
Performing market contribution |
APAC at 45% |
|
Key consumer countries |
China, India, Germany, US, and Japan |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Archer Daniels Midland Co., Endo International Plc, J&K Scientific Ltd., Jinan Hongbaifeng Industry And Trade Co. Ltd., Meryer Chemical Technology Co. Ltd., Mitsubishi Chemical Corp., Novaphene Specialities Pvt. Ltd., Roquette Freres SA, Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Isosorbide Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive isosorbide market growth during the next five years
- Precise estimation of the isosorbide market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the isosorbide industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of isosorbide market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch