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Global Isosorbide Market by Application (PEIT, Polyurethane, Polycarbonate), by End Use (Additives, Resins & Polymers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-74222
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 97
  • No. Of Pages: 202
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global isosorbide market was worth USD 396.4 million in 2018. It is projected to grow at an 8.5% compound annual growth rate (CAGR), from 2019 to 2025. There are two types of isosorbide available commercially: technical and polymer. The market is expected to grow due to rising demand from the pharmaceutical and cosmetic industries as well as a growing market for bioplastics.

Market growth will be boosted by rising environmental awareness and technological advances in sustainability. Market growth will be boosted by a shift in consumer preference to bioplastics due to rising awareness about green products.

In the U.S., the PEIT segment accounted for over 25% of the market in 2018, and is expected to grow at a high rate during the forecast period. The strict EPA regulations in the U.S. will likely increase the demand for isosorbide. The second largest segment is. It is expected to grow at a CAGR close to 10.0% by 2025 due to its enhanced optical properties. The fastest growing segment is expected to be polyester polyisosorbide succinate, (PIS).

Side-effects such as angina pain, irregular heart beat, severe headaches, and severe headaches from isosorbide derivatives are expected to limit overall market growth during the forecast period. The forecast period will see new market opportunities due to the increased focus on bio-based chemical products.

A shift towards petroleum-based synthetic plastics will likely boost isosorbide's regulatory trends in the future. The U.S. Department of Energy has identified isosorbide as a new bio-based platform chemical. The market growth will be accelerated by ensuring that raw material supplies are available at a reasonable cost. The raw materials for making isosorbide include corn, wheat and sorbitol.

Application Insights

The market for isosorbide is classified based on its application to polyethylene isosorbide (PEIT), polycarbonate polyurethane and polyester polyisosorbide succinate. With over 25% of the market's total market share in 2018, the PEIT segment was dominant. It is expected to grow at 9.7% CAGR during the forecast period due to increased heat resistance, high demand from the food & drink industry and growth opportunities within the pharma industries.

Due to stringent rules on plastic disposal and usage, the Asia Pacific PEIT segment is expected to grow at 11.6% CAGR over the forecast period. The future will see increased industrial demand due to the increasing awareness of this application, higher success rates and a greater focus on bio-based products by the chemical industry.

Polycarbonate accounted for over 16.0% of 2018's total market. It followed the PEIT application. A high demand from the automotive, electronic and medical industries is what drives overall market growth. Roquette, for example, has increased its production capacity by setting up pilot-scale plants for isosorbide polycarbonate. PIS and polyurethane are the fastest-growing applications, with a projected CAGR of 7.9% & 8.8%, respectively.

The properties of polyurethane-based isosorbide include low polydispersity, high thermal stability, and low levels of polydispersity. PIS, on the other hand, has glass transition temperature and molecular mass that are suitable for powder coating applications. Isosorbide-diesters accounted for more than 8.5% of the market in 2018, thanks to their excellent plasticizing capabilities.

End-use Insights

The major end-use industries covered include resins and polymers and additives. The largest end-use segment, resins and polymers, accounted for more than 60.0% of total market demand in 2018. Sector growth can be attributed to the growing interest in bio-based polymer products by polymer industries. Some prominent players, such as Mitsubishi Chemicals or SK Chemicals, have focused on the production polymers based upon isosorbide. This segment is expected to see a 9.0% revenue-based CAGR over the forecast period.

The fastest growing sector is additives, with a 9.2% CAGR in terms of revenue for the forecast period. Sector growth can be attributed to a strict policy regarding BPA's toxic effects and growing concern about the toxic effects of synthetic chemicals, as well as the commercialization bio-based isosorbide.

The future growth rate for other end-use industries, such as medical and pharmaceutical, is 7.8%. Due to their superior biodegradability, epoxy resins derived from isosorbide are expected to be of significant use in biomedical applications as well as drug delivery systems, bone cement, and coatings.

Regional Insights

Asia Pacific was the global market leader in 2018, accounting for 10.4% of the total projected growth. Due to the low labor and raw material costs, overall market growth can be attributed to rising demand for bioplastics, mainly in China. Roquette, for example, is one of the largest biotechnology and chemical companies. They have moved their manufacturing facilities to low-cost locations like China, India and Thailand.

Europe accounted for 25.59%, followed by Asia Pacific. This is due to the environmental hazards posed by the use petroleum-derived plastics. Europe's promising regulatory schemes that promote sustainable chemistry are a key market driver. Due to high demand for biobased plastics, Germany, France and the U.K. are the top product consumers in the region.

North America was the third largest consumer. The forecast period will see a rise in demand for bio-based plastics such as polycarbonate and PET. ADM, a U.S.-based food processing company, has been developing isosorbide in response to the rapidly increasing demand.

The forecast period predicts that the rest of the world, including Central and South America, the Middle East, and Africa will grow at a rapid pace. Brazil is the world's largest producer of corn/maize, and it is also one of the top five global maize producers. It is also attracting the attention of bio-plastic manufacturing firms, since maize is the raw material for making isosorbide, and other bio-plastics.

Market Share Insights & Key Companies

Roquette Freres and Archer Daniels Midland are prominent players in this market. To gain a large market share in global markets, these companies are focusing on expanding their business.

These are the key players involved in the development bio-based building blocks, which can be used as a replacement for traditional platform chemicals. These building blocks have been commercially developed by a variety of companies, including Tate and Lyle and Novomer, BioAmber and Genomatica.

Roquette is the largest producer and distributor of isosorbide. It is found throughout the value chain. Roquette produces starch, isosorbide as well as biopolymers. Major product distributors include Shangai Trustin Chemical Co. Ltd. Roquette sells bio-based isosorbide derivatives, under the brand Polysorb. The isosorbide market has some prominent players like:

  • Roquette Freres

  • Archer Daniels Midland

  • Cargill

  • Novaphene

  • Mitsubishi Chemical

  • SK Chemical

  • Par Pharmaceutical

Up Market Research published a new report titled “Isosorbide Market research report which is segmented by Application (PEIT, Polyurethane, Polycarbonate), by End Use (Additives, Resins & Polymers), By Players/Companies Roquette Fr¨res, Archer Daniels Midland, Mitsubishi Chemical, Par Pharmaceutical, Cargill, SK Chemical, Novaphene”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleIsosorbide Market Research Report
By ApplicationPEIT, Polyurethane, Polycarbonate
By End UseAdditives, Resins & Polymers
By CompaniesRoquette Fr¨res, Archer Daniels Midland, Mitsubishi Chemical, Par Pharmaceutical, Cargill, SK Chemical, Novaphene
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages202
Number of Tables & Figures142
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Isosorbide Industry Outlook

Global Isosorbide Market Report Segments:

The market is segmented by Application (PEIT, Polyurethane, Polycarbonate), by End Use (Additives, Resins & Polymers).

Isosorbide Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Isosorbide Market

Overview of the regional outlook of the Isosorbide Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Isosorbide Market Overview

Highlights of The Isosorbide Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Isosorbide Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. PEIT

                2. Polyurethane

                3. Polycarbonate

        7. By End Use:

                1. Additives

                2. Resins & Polymers

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Isosorbide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Isosorbide Market Trends

Reasons to Purchase the Isosorbide Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Isosorbide Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Isosorbide Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Isosorbide Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Isosorbide Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Isosorbide Market Size & Forecast, 2018-2028 
      4.5.1 Isosorbide Market Size and Y-o-Y Growth 
      4.5.2 Isosorbide Market Absolute $ Opportunity 


Chapter 5 Global Isosorbide Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Isosorbide Market Size Forecast by Application
      5.2.1 PEIT
      5.2.2 Polyurethane
      5.2.3 Polycarbonate
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Isosorbide Market Analysis and Forecast by End Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End Use
      6.1.2 Basis Point Share (BPS) Analysis by End Use
      6.1.3 Absolute $ Opportunity Assessment by End Use
   6.2 Isosorbide Market Size Forecast by End Use
      6.2.1 Additives
      6.2.2 Resins & Polymers
   6.3 Market Attractiveness Analysis by End Use

Chapter 7 Global Isosorbide Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Isosorbide Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Isosorbide Analysis and Forecast
   9.1 Introduction
   9.2 North America Isosorbide Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Isosorbide Market Size Forecast by Application
      9.6.1 PEIT
      9.6.2 Polyurethane
      9.6.3 Polycarbonate
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Isosorbide Market Size Forecast by End Use
      9.10.1 Additives
      9.10.2 Resins & Polymers
   9.11 Basis Point Share (BPS) Analysis by End Use 
   9.12 Absolute $ Opportunity Assessment by End Use 
   9.13 Market Attractiveness Analysis by End Use

Chapter 10 Europe Isosorbide Analysis and Forecast
   10.1 Introduction
   10.2 Europe Isosorbide Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Isosorbide Market Size Forecast by Application
      10.6.1 PEIT
      10.6.2 Polyurethane
      10.6.3 Polycarbonate
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Isosorbide Market Size Forecast by End Use
      10.10.1 Additives
      10.10.2 Resins & Polymers
   10.11 Basis Point Share (BPS) Analysis by End Use 
   10.12 Absolute $ Opportunity Assessment by End Use 
   10.13 Market Attractiveness Analysis by End Use

Chapter 11 Asia Pacific Isosorbide Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Isosorbide Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Isosorbide Market Size Forecast by Application
      11.6.1 PEIT
      11.6.2 Polyurethane
      11.6.3 Polycarbonate
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Isosorbide Market Size Forecast by End Use
      11.10.1 Additives
      11.10.2 Resins & Polymers
   11.11 Basis Point Share (BPS) Analysis by End Use 
   11.12 Absolute $ Opportunity Assessment by End Use 
   11.13 Market Attractiveness Analysis by End Use

Chapter 12 Latin America Isosorbide Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Isosorbide Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Isosorbide Market Size Forecast by Application
      12.6.1 PEIT
      12.6.2 Polyurethane
      12.6.3 Polycarbonate
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Isosorbide Market Size Forecast by End Use
      12.10.1 Additives
      12.10.2 Resins & Polymers
   12.11 Basis Point Share (BPS) Analysis by End Use 
   12.12 Absolute $ Opportunity Assessment by End Use 
   12.13 Market Attractiveness Analysis by End Use

Chapter 13 Middle East & Africa (MEA) Isosorbide Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Isosorbide Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Isosorbide Market Size Forecast by Application
      13.6.1 PEIT
      13.6.2 Polyurethane
      13.6.3 Polycarbonate
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Isosorbide Market Size Forecast by End Use
      13.10.1 Additives
      13.10.2 Resins & Polymers
   13.11 Basis Point Share (BPS) Analysis by End Use 
   13.12 Absolute $ Opportunity Assessment by End Use 
   13.13 Market Attractiveness Analysis by End Use

Chapter 14 Competition Landscape 
   14.1 Isosorbide Market: Competitive Dashboard
   14.2 Global Isosorbide Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Roquette Fr¨res
      14.3.2 Archer Daniels Midland
      14.3.3 Mitsubishi Chemical
      14.3.4 Par Pharmaceutical
      14.3.5 Cargill
      14.3.6 SK Chemical
      14.3.7 Novaphene
Segments Covered in the Report
The global Isosorbide market has been segmented based on

By Application
  • PEIT
  • Polyurethane
  • Polycarbonate
By End Use
  • Additives
  • Resins & Polymers
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Roquette Fr¨res
  • Archer Daniels Midland
  • Mitsubishi Chemical
  • Par Pharmaceutical
  • Cargill
  • SK Chemical
  • Novaphene

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