Isosorbide Market By Type (Industrial Grade, Pharmaceutical Grade), Application (Plastics and Polymers, Pharmaceutical, Cosmetic), & Region for 2024-2031
Report ID: 261903|No. of Pages: 202
Isosorbide Market By Type (Industrial Grade, Pharmaceutical Grade), Application (Plastics and Polymers, Pharmaceutical, Cosmetic), & Region for 2024-2031
Isosorbide Market Valuation – 2024-2031
The increasing demand for bio-based and sustainable chemicals across industries. As consumers and industry turn toward environmentally friendly products, isosorbide, a bio-based substance obtained from renewable resources such as glucose, is gaining popularity in industries such as packaging, automotive, and medicines. Its usage in the production of bio-based polymers, such as polyethylene isosorbide terephthalate (PEIT), is particularly noteworthy because it replaces old petroleum-based plastics is surpassing USD 572.48 Million in 2024 and reaching USD 1085.8 Million by 2031.
Furthermore, increasing environmental restrictions and a global push to reduce carbon footprints are driving the adoption of isosorbide, making it a critical component in sustainable materials development is expected to grow at a CAGR of about 8.33% from 2024 to 2031.
Isosorbide Market: Definition/ Overview
Isosorbide is a bio-based chemical molecule generated from sorbitol, which is commonly obtained from renewable sources such as corn or glucose. It has been recognized for its biodegradability, non-toxicity, and potential as a sustainable alternative to petroleum-based chemicals. Isosorbide is used to make bio-based plastics, resins, and polymers, which are particularly useful in the packaging, automotive, and medical industries. It is also utilized in pharmaceuticals, particularly in treatments that treat heart diseases. The future of isosorbide seems positive, thanks to the increased demand for environmentally friendly materials. With more global rules promoting sustainability, isosorbide’s significance in developing greener alternatives to conventional polymers is likely to grow, particularly in packaging and automotive applications.
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Will Rising Demand for Bio-Based and Sustainable Chemicals Drive the Isosorbide Market?
The isosorbide market is expanding rapidly, owing to rising demand for bio-based and sustainable chemicals across a variety of industries. Isosorbide, obtained from renewable resources like corn starch, is gaining popularity as an environmentally benign alternative to petroleum-based compounds in polymers, plasticizers, and medicines. According to Verified Market Research, the global isosorbide market was worth USD 572.48 Million in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 8.33% from 2023 to 2031. Stringent environmental rules, consumer desire for sustainable products, and the quest for a circular economy have all contributed to this expansion.
In September 2023, The European Union implemented new legislation as part of its Circular Economy Action Plan to encourage the use of bio-based products such as isosorbide in packaging. This effort seeks to reduce plastic waste by 50% by 2030. In January 2024 In the United States, the Department of Energy set aside USD 100 Million for bio-based chemical research and development, including isosorbide derivatives, to help the chemical sector shift to a more sustainable model. These discoveries emphasize isosorbide’s growing importance in the transition to sustainable chemistry, pointing to a bright future for the market.
Will Rising Cost of Purification Processes Hamper the Growth of the Isosorbide Market?
The rising cost of purifying technologies is expected to stifle the expansion of the isosorbide industry. Isosorbide manufacturing involves complex chemical processes, and attaining the high purity necessary for industrial uses, particularly in pharmaceuticals and polymers, necessitates numerous purification procedures. These procedures are energy-intensive and expensive, raising the overall production cost of isosorbide as compared to traditional petroleum-based compounds
Furthermore, the high cost of purifying reduces the economics of producing isosorbide on a large scale, particularly in areas where cost efficiency is crucial. This, combined with the existing competition from less expensive synthetic alternatives, poses a financial hurdle for industries wishing to transition to bio-based chemicals. Unless technical advances are achieved to minimize purifying costs, the expansion of the isosorbide market may be hampered by economic hurdles, limiting its penetration in important industries such as automotive, packaging, and pharmaceuticals.
Category-Wise Acumens
Will Rising Usage of Industrial Grade Propel the Isosorbide Market?
The increasing use of industrial grade isosorbide is projected to boost the isosorbide market significantly. The growing need for sustainable and biodegradable materials in different industries, particularly packaging and automotive, is prompting manufacturers to use isosorbide as a crucial element in the production of bio-based plastics and polymers. As businesses embrace environmental responsibility, the transition to materials that lessen dependency on fossil fuels becomes increasingly obvious. For instance, in June 2024, BASF announced plans to extend its line of bio-based products, including industrial-grade isosorbide, as part of its carbon-reduction initiatives.
In July 2024, the European Union implemented new legislation to encourage the use of bio-based chemicals in manufacturing processes, including isosorbide. This regulatory assistance encourages enterprises to invest in bio-based alternatives, which benefits the industrial-grade category.
The pharmaceutical grade category is the fastest-growing segment, driven by the increasing demand for bio-based excipients in drug formulations and the pharmaceutical industry’s increased emphasis on sustainable practices. As healthcare organizations aim to improve their product portfolios with ecologically friendly components, demand for pharmaceutical-grade isosorbide is likely to rise, reflecting a larger trend toward healthcare sustainability.
Will Rising Demand of Plastics and Polymers Drive the Growth of Isosorbide Market?
The rising demand for plastics and polymers is expected to fuel significant expansion in the isosorbide industry. As businesses prioritize sustainable materials, isosorbide is becoming a popular constituent in the creation of biodegradable plastics and polymers, such as polyethylene isosorbide terephthalate (PEIT). In response to environmental concerns and regulatory challenges, businesses are turning to bio-based alternatives for packaging. In September 2024 NatureWorks stated that it would expand its production capacity to incorporate isosorbide-derived plastics, indicating isosorbide’s gaining reputation as a viable solution for sustainable packaging.
For instance, in August 2024, the United States Environmental Protection Agency (EPA) issued new recommendations to encourage the use of biodegradable plastics in packaging and other applications. This legislative assistance encourages producers to use sustainable alternatives, which boosts demand for isosorbide in the plastics and polymers industry.
The pharmaceutical industry is the fastest-growing segment, driven by expanding demand for bio-based excipients and sustainable formulations in medication development. As pharmaceutical businesses prioritize environmental sustainability and strive to replace synthetic chemicals with bio-based alternatives, the use of isosorbide in this sector is predicted to increase significantly, demonstrating the shift in priorities toward greener solutions in healthcare.
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Country/Region-wise
Will Adoption of Eco-Friendly Alternatives in North America Drive the Isosorbide Market?
The adoption of eco-friendly alternatives in North America is a major driver of the isosorbide industry. As consumers and industry value sustainability, isosorbide’s promise as a renewable, bio-based chemical is receiving significant attention. This rise is largely due to rising demand for green alternatives in a variety of industries, including packaging, automotive, and personal care products. With its thriving chemical sector and increased emphasis on sustainable practices, the United States is projected to play a significant role in this expansion.
In November 2023 the Canadian government implemented new restrictions as part of its Zero Plastic Waste Initiative, mandating at least 30% recycled content in plastic packaging by 2030. This strategy is predicted to increase demand for biobased alternatives such as isosorbide. Furthermore, in April 2024, the United States Environmental Protection Agency (EPA) announced a $50 million funding program to assist research and development of sustainable chemicals, including isosorbide-derived products. These measures, combined with rising consumer awareness and corporate sustainability aims, are expected to generate significant expansion in the North American isosorbide market over the next few years.
Will Expanding Industrialization in Asia-Pacific Propel the Isosorbide Market?
Expanding industrialization in Asia-Pacific is predicted to greatly boost the isosorbide market. The region is seeing a surge in demand for sustainable materials from a variety of industries, including packaging, automotive, and pharmaceuticals. As businesses seek eco-friendly alternatives to petroleum-based products, isosorbide stands out due to its biodegradability and potential to reduce carbon footprints. Recent attempts by governments in China and India, such as the promotion of green chemistry and sustainable manufacturing methods, have boosted the acceptance of bio-based compounds like isosorbide.
In July 2024, The Indian government announced a series of incentives to expand the manufacture of bio-based chemicals, including isosorbide, as part of a larger push for sustainable development and environmental responsibility. In August 2024, Mitsubishi Chemical Corporation also established a new research and development facility in Japan, which would focus on developing revolutionary bio-based materials such as isosorbide derivatives. These achievements demonstrate the determination of government and industry players in the Asia-Pacific region to promote industrial expansion while prioritizing sustainability, hence moving the isosorbide market ahead.
Competitive Landscape
The competitive landscape of the isosorbide market is characterized by a growing number of regional and global manufacturers focusing on sustainable and bio-based solutions. The market is highly influenced by increasing demand for eco-friendly polymers and resins, particularly in the packaging, automotive, and pharmaceutical sectors. Companies are investing in research and development to improve production efficiency and develop high-purity grades of isosorbide. Strategic partnerships and collaborations are also prominent as manufacturers seek to expand their reach in new regions and diversify their application portfolios. Regulatory support for bio-based chemicals further enhances competition.
Some of the prominent players operating in the isosorbide market include:
- Roquette Frères
- Mitsubishi Chemical Corporation
- SK Chemicals
- Novaphene Specialties Pvt. Ltd.
- Ecogreen Oleochemicals
- Jinan Hongbaifeng Industry & Trade Co., Ltd.
- TCI Chemicals (India) Pvt. Ltd.
- Par Pharmaceutical
- Cargill
- Incorporated
- ADM
Latest Developments
- In March 2024, J&K Scientific introduced a new line of bioplastics including isosorbide for the packaging industry. This product line prioritizes improved mechanical qualities and reduced environmental effect, matching with industry trends for sustainable materials.
- In April 2024, Novaphene is investigated the use of isosorbide in pharmaceuticals, specifically as a biodegradable excipient. This technology could change drug delivery systems, providing safer and more effective solutions for patients.?
- In May 2024, Samyang announced their debut into the isosorbide market, with an emphasis on pharmaceutical applications. The company intends to use isosorbide’s biocompatibility to create safer medicine formulations, capitalizing on the growing regulatory need for non-toxic chemicals.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~8.33% from 2024 to 2031 |
| Base Year for Valuation | 2024-2031 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Roquette Frères, Mitsubishi Chemical Corporation, SK Chemicals,, Novaphene Specialties Pvt. Ltd., Ecogreen Oleochemicals, Jinan Hongbaifeng Industry & Trade Co., Ltd., TCI Chemicals (India) Pvt. Ltd., Par Pharmaceutical, Cargill, Incorporated, ADM |
| Customization | Report customization along with purchase available upon request |
Isosorbide Market, By Category
Type:
- Industrial Grade
- Pharmaceutical Grade
Application:
- Plastics and Polymers
- Pharmaceutical
- Cosmetic
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL ISOSORBIDE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ISOSORBIDE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL ISOSORBIDE MARKET, BY TYPE
5.1 Overview
5.2 Industrial Grade
5.3 Pharmaceutical Grade
6 GLOBAL ISOSORBIDE MARKET, BY APPLICATION
6.1 Overview
6.2 Plastics and Polymers
6.3 Pharmaceuticals
6.4 Cosmetics
6.5 Others
7 GLOBAL ISOSORBIDE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL ISOSORBIDE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Roquette
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 SK Holdings
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Ecogreen Oleochemicals
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 ADM
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Novaphene
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Yu Teng
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Hongbaifeng
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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