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Report Overview
The global isosorbide market attained a value of nearly USD 557.64 million in 2023. The market is further expected to grow at a CAGR of 9.0% during the forecast period of 2024-2032 to reach a value of USD 1,210.87 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Isosorbide Market Growth
The growth of the isosorbide market is being driven by the growing environmental consciousness among consumers and technological advancements in the industry. The change in consumer preference for bioplastics, led by the increased awareness of the use of green products, is expected to further fuel the market growth over the coming years. The increasing usage of isosorbide in elastomers and polymers is also expected to propel the industry forward. However, the side effects of isosorbide derivatives might hinder market growth.
Isosorbide Market Report Snapshots
Isosorbide Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global isosorbide market attained a value of nearly USD 557.64 million.
The isosorbide market is further expected to grow at a CAGR of about 9.0% in the forecast period of 2024-2032.
The major drivers of the market include the technological advancements, change in consumer preference to bioplastics, increased awareness of the use of green products, and increasing usage of isosorbide in elastomers and polymers.
The rising environmental consciousness and the growing demand for bioplastics are the key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyurethane, polyester polyisosorbide, and isosorbide diesters, among others are the major applications of the product in the market.
Resins and polymers, and additives, among others, are the different end-uses of the product in the global isosorbide market.
The major players in the market are Archer Daniels Midland Company, Jinan Hongbaifeng Industry and Trade Co., Ltd, Mitsubishi Chemical Corporation, Novaphene Specialities Pvt. Ltd., and Roquette Frères, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,210.87 million by 2032.
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