Global Isosorbide Market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Isosorbide
industry based on its size, growth, development plans, and opportunities is
offered by this report. The forecast information, SWOT analysis, Isosorbide
barriers, and feasibility study are the vital aspects evaluated in this report.
The global
Isosorbide Market size is expected to value at USD 703.1 million by 2025. The
isosorbide industry is subject to witness a substantial growth due to the
growing construction and manufacturing activities, and favorable government
initiatives. Development of the eco-friendly products are expected to fuel
market demand for isosorbide in the upcoming years. Globally, the isosorbide
market is predicted to grow at higher CAGR in the forecast period, providing
numerous opportunities for market players to invest in research and development
of the market.
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Main features
of the report:
·
To provide detailed analysis of the market
structure along with forecast of the various segments and sub-segments of the
global Isosorbide Market.
·
A complete backdrop analysis, which includes an
assessment of the parent market
·
Important changes in market dynamics
·
Market segmentation up to the second or third
level
·
To provide country level analysis of the market
for segment by application, product type and sub-segments.
·
To provide strategic profiling of key players in
the market, comprehensively analyzing their core competencies, and drawing a
competitive landscape for the market.
·
Track and analyze competitive developments such
as joint ventures, strategic alliances, mergers and acquisitions, new product
developments, and research and developments in the global Isosorbide Market.
·
Emerging niche segments and regional markets
·
An objective assessment of the trajectory of the
industry.
Mononitrate and
dinitrate, which are byproducts of the isosorbide, are largely utilized in
various pharmaceutical & medicine application, thereby fostering market
growth in the upcoming years. Rapid expansion of the bio-plastics industry and
shifting trend towards bio-based products are anticipated to drive market
growth in the upcoming years.
Additionally,
increasing demand of bio-based polyethylene terephthalate (PET) from European
and Asia Pacific region is considered as one of the major driving factor for
market expansion in the recent years. In addition, growing manufacturing and
construction activities from BRICS economies such as Brazil, Russia, India,
China, India, and South Africa are expected to boost market demand for
isosorbide over the forecast period.
Increased
manufacturing rate and lowered production cost, particularly in the Asia
Pacific region are projected to stimulate the growth of isosorbide industry
over the forecast period. Bio-based plastic are gaining traction from food
& packaging sector, in the recent years. The recent technological
advancement in the manufacturing sector coupled with development of novel
products such as isosorbide ethers, isosorbide esters, isosorbide nitrates,
isosorbid and isosorbidephosphates are bolstering market expansion in the last
few years. In addition, declined cost of raw material and availability of
skilled labor force are anticipated to offer lucrative growth opportunities for
industry participants in the near future.
The isosorbide industry
is divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in chemical industry, shifting
trend towards bio-based products, and existence of well-established industrial
infrastructure in the region. Asia-Pacific region is predicted to hold major
market share in the isosorbide market with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with rapid industrialization, strong economic growth, rising demand for
bioplastics and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in
the isosorbide industry are Roquette Frères S.A., Jinan Hongbaifeng Industry
And Trade Co., Ltd., EcogreenOleochemicals Pte., Ltd., Cargill Inc.,
NovapheneSpecialities Pvt., Ltd., Mitsubishi Motors Co., J.P. Laboratories
Pvt., Ltd., S.K. Chemical Co., Ltd., and Par Pharmaceutical Inc.
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