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The isosorbide market share is expected to increase by USD 221.12 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.02%.
This isosorbide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers isosorbide market segmentations by end-user (resins and polymers, additives, and others) and geography (APAC, Europe, North America, South America, and MEA). The isosorbide market report also offers information on several market vendors, including Archer Daniels Midland Co., Endo International Plc, J&K Scientific Ltd., Jinan Hongbaifeng Industry And Trade Co. Ltd., Meryer Chemical Technology Co. Ltd., Mitsubishi Chemical Corp., Novaphene Specialities Pvt. Ltd., Roquette Freres SA, Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The demand from resin and polymers is notably driving the isosorbide market growth, although factors such as health hazards may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the isosorbide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Isosorbide Market Driver
The demand from resin and polymers is notably driving the isosorbide market growth. The global resins market is driven by factors such as growing demand from the automotive industry, rising disposable income, increase in the number of infrastructure projects, increase in demand from medical applications, growing demand from emerging markets such as China and India, and technological advances. The growth in the resins market will generate high demand for isosorbide, which, in turn, will boost the growth of the market in focus. Isosorbide is used in polymers due to its biodegradable nature and superior properties. The global polymers market is driven by the high demand for polymers in applications such as packaging, building and construction, consumer goods, horticulture, automotive, rail transport, and electronics and telecommunications. The other factors driving the growth of the polymers market are the rising disposable income, growing demand from emerging countries, demographic changes, growing demand for bio-based and biodegradable products, and the rising standard of living. These factors will drive the global isosorbide market during the forecast period.
Key Isosorbide Market Trend
The demand from the additive industry is the key market trend driving the isosorbide market growth. Isosorbide is used in the additives industry as a bio-based intermediate in plasticizers, fuel additives, and polymer additives. When isosorbide is used as an additive, it enhances the functional ability such as self-healing and anticorrosion properties, and extends the shelf life of the coatings. The global additives market is growing significantly due to the growing demand for bio-based polymers, rapid industrialization, and government initiatives for the use of bio-products. This has led to an increase in the use of isosorbide in various coating applications, which is driving the market. In addition, the growing demand from the manufacturers of roofing, pipes, storage containers, cables, electronics, toys, kitchenware, safety gear, silage sheet, greenhouse films, seat belts, door panels, household products, and cosmetic articles are also driving the market, which, in turn, will drive the demand for isosorbide during the forecast period.
Key Isosorbide Market Challenge
The major challenge impeding the isosorbide market growth is the health hazards. Isosorbide derivatives are used to manufacture drugs. However, when used in a high concentration, Isosorbide-containing drugs have side effects. Some of the side effects of isosorbide that pose a serious risk are:
Due to these side effects of isosorbide in pharmaceuticals, major government agencies, health governing authorities, and pharmaceutical regulatory bodies are introducing rigid regulations on the use of high concentrations of isosorbide in pharmaceuticals. These regulations are hindering the growth of the isosorbide market.
This isosorbide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global isosorbide market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the isosorbide market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the isosorbide market encompasses successful business strategies deployed by the key vendors. The isosorbide market is fragmented and the vendors are deploying growth strategies such as increase in technological innovations and product development to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The isosorbide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the isosorbide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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