Market Size of Isosorbide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Isosorbide Market Analysis
The Global Isosorbide Market is projected to register a CAGR of over 8% during the forecast period (2021-2026).
The market is negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction, and automotive manufacturing activities were temporarily halted during the lockdown, thus led to a decrease in the consumption of isosorbide polymer and resins used in the production of automotive parts such as interior console and dashboard, exterior radiator grille, etc. and construction products including flooring, decorative indoor surfaces, etc., which in turn has negatively impacted the demand for the market studied. However, the demand for isosorbide derivatives including isosorbide mononitrate and dinitrate has increased during the current situation in order to treat chest pain (angina) induced due to COVID-19, thereby stimulating the demand for the market studied.
- Over the short term, the rising demand for isosorbide from the pharmaceutical industry and the growing demand for bio-based products are expected to drive the market's growth.
- On the flip side, the side effects of isosorbide derivatives on health and unfavorable conditions arising due to the COVID-19 pandemic are expected to hinder the growth of the market.
- By end-user industry, the polymer and resin segment is expected to dominate the market, owing to the increasing demand from industries, like construction, electrical and electronics, and others.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.
