Global Isosorbide Market, By Product Type (Oil- based Isosorbide, Water- based Isosorbide and Silicone- based Isosorbide), Application (Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyesters Isosorbide Succinate, Polyurethane, Isosorbide Diesters and Others), End Use (Resins and Polymers, Additives and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Isosorbide Market
Data Bridge Market Research analyses that the isosorbide market will witness a CAGR of 8.50% for the forecast period of 2021-2028. Increasing application of isosorbide by the cosmetics and pharmaceuticals industry especially in the developing economies like India and China, growing use of isosorbide for a wide range of end user applications such as polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyesters isosorbide succinate, polyurethane, isosorbide diesters and other applications and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the isosorbide market.
Isosorbide is a bi-cyclic chemical compound that contains oxygen and forms two fused furan rings. It is obtained from the group of diols and heterocycles and is commercially available in two kinds of grades, namely, polymer and technical. Isosorbide is also used as bio-feedstock as it os a heterocyclic solid derivative of glucose. Looking at the pharmaceutical application, isosorbide can be used to treat a wide range of diseases such as glaucoma, angina pectoris, other coronary artery diseases and hydrocephalus. It further inhibits characteristics like low polydispersity and high thermal stability which make it all the more suitable for a wide range of applications.
Rise in prevalence of coronary artery diseases/ disorders coupled with growing application in the pharmaceutical drugs is the root cause fuelling up the isosorbide market growth rate. Rising industrialization coupled with growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the isosorbide market. Growth in the application in elastomers and polymers coupled with surge in the demand for bio plastics will further carve the way for the growth of the isosorbide market.
However, side effects on the body such as uneven heart rate, severe headache, and angina pain will pose a major challenge to the growth of the isosorbide market. Fluctuations in the prices of raw materials will dampen the isosorbide market growth rate. Also, availability of alternatives in the market will further derail the isosorbide market growth rate. Dearth of skilled professionals in the underdeveloped economies will also impede the isosorbide market growth rate.
This isosorbide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on isosorbide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Isosorbide Market Scope and Market Size
The isosorbide market is segmented on the basis of product type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the isosorbide market is segmented into oil- based isosorbide, water- based isosorbide and silicone- based isosorbide.
- On the basis of application, the isosorbide market is segmented into polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyesters isosorbide succinate, polyurethane, isosorbide diesters and others.
- On the basis of end use, the isosorbide market is segmented into resins and polymers, additives and others.
Isosorbide Market Country Level Analysis
The isosorbide market is analysed and market size, volume information is provided by country, product type, application and end use as referenced above.
The countries covered in the isosorbide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the isosorbide market and will continue to flourish its dominance during the forecast period owing to the development of the bio-plastics industry China. Asia-Pacific will continue to undergo substantial gains during this period owing to the growth and expansion of end user verticals in this region, abundant availability of raw materials and low labour expenses.
The country section of the isosorbide market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Isosorbide Market Share Analysis
The isosorbide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to isosorbide market.
The major players covered in the isosorbide market report are ADM, Roquette Frères., Mitsubishi Chemical Corporation., Novaphene, Par Pharmaceutical., Merck KGaA, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific, SK chemicals., Jinan Hongbaifeng Industry & Trade Co., Ltd, BOC Sciences., BioCrick BioTech., FINETECH INDUSTRY LIMITED, abcr GmbH, Vitas M Chemical Limited, Oakwood Products, Inc., ApexBio Technology., and Targetmol among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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