The research study conducted by Report Ocean on the “ Isosorbide Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Isosorbide Market is valued at approximately USD 594.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2029.
Isosorbide is a bicyclic chemical compound that comprises oxygen and formulae two fused furan rings. It is created from the acid-catalyzed dehydration of a compound and is obtained from the hydrogenation of glucose called sorbitol. The growing demand for bio-based products, increasing adoption of isosorbide as renewable building blocks, and high consumption of isosorbide across many end-use industries are several prominent factors that are propelling the market demand across the globe.
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Isosorbide is gaining high traction in the pharmaceutical sector because of its properties to cure a variety of diseases including glaucoma, hydrocephalus, angina pectoris, and other coronary artery diseases. According to India Brand Equity Foundation (IBEF), in 2021, the Indian pharmaceutical market was valued at USD 42 billion, which is projected to grow to USD 130 billion by 2030. Thereby, the flourishing development of the pharmaceutical sector is exhibiting a positive influence on the growth of the isosorbide market. In addition, the increasing investment in R&D activities, as well as the rising preference for the usage of bioplastics is leveraging numerous opportunities for market expansion in the forthcoming years. However, the complicated production process of isosorbide and some side effects of isosorbide derivatives on health are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Isosorbide Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the easy availability of resources, growing demand for bio-plastics, and exponential growth of the end-use industries. Whereas, Europe is expected to grow at a significant rate during the forecast period. Factors such as high popularity of bio-concept cars, rising favorable government policies, as well as rising industrialization, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
J&K Scientific Ltd.
Jinan Hongbaifeng Industry & Trade Co., Ltd.
Novaphene
Roquette Freres
Manus Aktteva Biopharma LLP
Novaphene
Par Pharmaceutical
Roquette Freres
Mitsubishi Chemical Corporation
ADM
Recent Developments in the Market:
In May 2022, Mitsubishi Chemical Holdings Group (MCHG) announced that the company’s DURABIO- a bio-based engineering plastic has been adopted by Suzuki Motor Corporation as an application for the front grill of the S-CROSS for the exterior parts of Suzuki’s automobiles.
Global Isosorbide Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
Polyethylene Isosorbide Terephthalate (PEIT)
Polycarbonate
Polyurethane
Polyester Polyisosorbide Succinate (PIS)
Isosorbide diesters
Others
By End-User:
Resins & polymers
Additives
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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