Isosorbide Market Report: Top Companies, Trends and Future Prospects Details for Business Development

October 09 22:18 2020
The global isosorbide market grew at a CAGR of around 9% during 2014-2019.

The global isosorbide market grew at a CAGR of around 9% during 2014-2019. Isosorbide (C6H10O4), also known as D-Isosorbide Dinitrate, refers to a bio-product obtained from starch. Some of the derivatives of isosorbide, namely isosorbide dinitrate and isosorbide mononitrate, are extensively used across several end-use industries. In the healthcare sector, isosorbide dinitrate is used as a vasodilator agent for treating angina pectoris, whereas isosorbide mononitrate is adopted as an anti-anginal agent to relax the smooth muscles of both arteries and veins.

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The growing consumer preferences towards greener alternatives of fossil fuel-based derivatives are augmenting the demand for isosorbides due to their biodegradable properties. Furthermore, the introduction of numerous government initiatives for promoting the use of isosorbide-derived bioplastics across the food and beverages, automotive, electronics, and healthcare sectors, is also driving the market growth. In line with this, the rising adoption of isosorbide-derived epoxy resins in the biomedical devices and drug delivery systems is further inducing the global market for isosorbides. In the coming years, the growing penetration of numerous high-end innovations and waste reduction strategies for minimizing waste generation during isosorbide production will continue to catalyze the market growth.

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Looking forward, IMARC Group expects the market to continue to exhibit moderate growth during the forecast period (2020-2025).

Breakup by Product:

  • Oil-Based Isosorbide
  • Water-Based Isosorbide
  • Silicone-Based Isosorbide

Breakup by Application:

  • PEIT
  • Polycarbonate
  • Polyesters Isosorbide Succinate
  • Polyurethane
  • Isosorbide Diesters
  • Others

Breakup by End-Use:

  • Polymers and Resins
  • Additives
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

 

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alfa Aesar, Archer Daniels Midland, Cargill, Ecogreen Oleochemicals, J&K Scientific, Jinan Hongbaifeng Industry & Trade, JP Laboratories, Meryer, Mitsubishi Chemical, Novaphene, Par Pharmaceutical, Roquette, SK Chemicals, TCI (Shanghai) Development, etc.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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