The Isosorbide Market Size is expected to be valued at USD 780 Million by the end of the forecast period, registering a CAGR of over 8% during the forecast period. Isosorbide is a bicyclic chemical compound that belongs to the diol and oxygen-containing heterocycle groups and has two fused furan rings. Isosorbide is a cycloaliphatic monomer made from sorbitol after it has been dehydrated. Sorbitol is a polyol made from the monomer glucose in starch. Plant-based raw resources such as maize, wheat, and corn provide the majority of starch monomers. Isosorbide is largely utilized as a monomer and additive in the manufacture of polymers and coatings, as well as a raw material in prescription formulations in the pharmaceutical industry.
In 2020, COVID-19 harmed the market. Because of the outbreak scenarios, construction and automotive industry operations were temporarily halted during the lockdown, resulting in a decrease in the consumption of isosorbide polymer and resins used in the manufacturing of automobile elements such as dashboards and internal, external radiator grilles, and building materials such as ornamental interior surfaces, flooring, and so on, negatively impacting the isosorbide market.
Browse Full Report Copy Here @ https://www.marketresearchfuture.com/reports/isosorbide-market-10537
Based on the Application, the Isosorbide Market is segmented into polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyurethane, polyester polyisosorbide succinate, and isosorbide diesters.
Based on the End-Users, the Isosorbide Market is segmented into polymers and coating, pharmaceuticals, and others
Based on the Region, the Isosorbide Market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa.
With over 45% market share during the historic forecast period, the Asia-Pacific isosorbide market emerged as the fastest-growing regional market, and it is likely to be the leading regional market throughout the research period. This is mostly due to the product’s high demand in the constantly growing automotive and packaging industries, as well as the fast-growing construction industry in key countries like China and India. At a national level, the Chinese sector is the largest. Some players are shifting their manufacturing base to China due to low energy prices and the availability of trained labor and raw materials. In addition, the country’s construction of new recycled materials production infrastructure is expected to boost demand for isosorbide market share in the regional market. The European market accounted for over 25% of the total market share during the historic forecast period. Favorable policies for biodegradable plastics and a greater emphasis on the use of sustainable goods in the packaging and related plastics industries are driving the regional market’s growth.
The major market players in the market are Roquette Frères (France), ADM (US), Novaphene (India), Samyang Biopharmaceuticals Corp., Inc (South Korea), and Par Pharmaceutical (US). Bio-based building blocks that can be utilized in place of traditional platform chemicals are being developed by major companies. Major firms are concentrating on global company expansion to gain a significant market share in the global sector. Roquette is the world’s largest isosorbide company, manufacturing starch, isosorbide, and biopolymers at all stages of the value chain.
Get Sample Report Copy Here @ https://www.marketresearchfuture.com/sample_request/10537
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.