Isosorbide is a heterocyclic chemical compound, used for medical applications to treat diseases such as glaucoma and hydrocephalus. Isosorbide is used for relaxing vascular muscles by forming free radical nitric oxide similar to endothelium-derived relaxing factor.
Rising demand for isosorbide for manufacturing polymers and elastomers in medical applications, is a major factor expected to drive growth of the isosorbide market over the forecast period. However, adverse side-effects of isosorbide due to constant usage may hamper demand and restrain growth of the target market over the forecast period.
The global isosorbide market has been segmented on the basis of application, end-user, and region. On the basis of the application, the target market is segmented into polyethylene isosorbide terephthalate (PEIT), polycarbonate, polyurethane, polyester Polyisosorbide, and isosorbide diesters. The polyethylene isosorbide terephthalate segment is estimated to witness the highest growth in the target market during the forecast period. On the basis of end-user, the target market is segmented into resins and polymers, and additives. The resins and polymers segment is projected to witness the highest growth in the target market during the forecast period.
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On the basis of region, the global isosorbide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is accounted for the largest share in terms of revenue and is expected to dominate the market owing to increasing adoption of bioplastics and presence of chemical and biotechnology industries in the region over the forecast period. The Europe market is projected to witness a significant growth in terms of revenue during the forecast period. The North America isosorbide market is anticipated to register moderate share in terms of revenue in coming years, followed by Latin America and the Middle East & Africa.
Key players operating in the global isosorbide market include Roquette, Archer Daniels Midland Company, Cargill, Incorporated, Mitsubishi Chemical Corporation, Jinan Hongbaifeng Industry & Trade Co., Ltd, Merck KGaA, Par Pharmaceutical, Thermo Fisher Scientific, Rochem International Inc. and Ecogreen Oleochemicals GmbH.