About Isosorbide
Isosorbide is a bicyclic chemical compound from the group of diols and the oxygen-containing heterocycles, containing two fused furan rings. The starting material for isosorbide is D-sorbitol, which is obtained by catalytic hydrogenation of D-glucose, which is in turn produced by the hydrolysis of starch. Due to its unique structure and reactivity, isosorbide finds diverse applications in chemical synthesis. It can be used to produce various esters, ethers, carbonates, and nitrates, serving as a building block for numerous functional materials. Isosorbide is a key raw material used in the production of polycarbonate. The growing demand for polycarbonates in the automotive, electrical and electronics, and construction industries is driving the growth of the isosorbide market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.3% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Isosorbide market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Roquette Frères (France), Cargill (United States), Myriant Corporation (United States), Archer Daniels Midland (ADM) (United States), BASF SE (Germany), Evonik Industries AG (Germany), Dow Chemical Company (United States), Mitsubishi Chemical Corporation (Japan), Corbion Purac (Netherlands), LG Chem (South Korea), Eastman Chemical Company (United States) and Huntsman Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lanxess AG (Germany), Solvay SA (Belgium), Covestro AG (Germany), Samsung SDI (South Korea) and Dr. Reddy's Laboratories Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Isosorbide market by Type (Isosorbide Mononitrate and Isosorbide Dinitrate), Application (Plastics and Polymers, Cosmetic, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Isosorbide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Isosorbide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Crystalline will boost the Isosorbide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial Grade will boost the Isosorbide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Concentration, the sub-segment i.e. < 50% will boost the Isosorbide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Sustainable & Eco-Friendly Isosorbide Material and Advancements in Drug Delivery Technologies like Sustained-Release Formulations
Market Growth Drivers:
Increasing Demand for Bioplastics and Coatings, Growing Demand for Polymer Industry and Increasing Demand for Cardiac Medications
Challenges:
Potential Side-Effects of Isosorbide in Medical Applications
Restraints:
Stringent Government Regulations Related to Chemicals
Opportunities:
New Product Innovations Containing Isosorbide in Medical Applications Such as Potential Treatment for Cancer, Alzheimer's Disease, and Diabetes
Market Leaders and their expansionary development strategies
In October 2023, Myriant Corporation, a leading producer of isosorbide, announced a strategic partnership with Cargill to develop and commercialize bio-based isosorbide for use in sustainable plastics.
In December 2023, Corbion Purac, a global leader in organic acids, introduced a new bio-based isosorbide dinitrate intermediate for the production of environmentally friendly cardiovascular medications.
FDA: In the US, Isosorbide Dinitrate (ISDN) is a Schedule II controlled substance due to its potential for abuse and dependence. It requires a prescription for medical use and is subject to specific prescribing and dispensing regulations. and EMA: In the European Union, ISDN is classified as a prescription-only medicine and governed by national and EU regulations for pharmaceutical products.
Key Target Audience
Manufacturer, Government Bodies, Suppliers & Distributors, Potential Investors, New Entrance and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.