China Isosorbide Market Size & Outlook, 2023-2028
China isosorbide market, 2018-2028 (US$M)
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China isosorbide market highlights
- The China isosorbide market generated a revenue of USD 82.6 million in 2023 and is expected to reach USD 135.2 million by 2028.
- The China market is expected to grow at a CAGR of 10.4% from 2024 to 2028.
- In terms of segment, polyethylene isosorbide terephthalate (peit) was the largest revenue generating application in 2023.
- Polyethylene Isosorbide Terephthalate (PEIT) is the most lucrative application segment registering the fastest growth during the forecast period.
Isosorbide market data book summary
| Market revenue in 2023 | USD 82.6 million |
| Market revenue in 2028 | USD 135.2 million |
| Growth rate | 10.4% (CAGR from 2023 to 2028) |
| Largest segment | Polyethylene isosorbide terephthalate (peit) |
| Fastest growing segment | Polyethylene Isosorbide Terephthalate (PEIT) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene Isosorbide Terephthalate (PEIT), Polycarbonate, Polyurethane, Polyester Polyisosorbide Succinate (PIS), Isosorbide Diester, Other Applications |
| Key market players worldwide | Jiayin Group Inc ADR, Rocket Companies Inc Ordinary Shares Class A, J and K Scientific, Novaphene, Manus Aktteva Biopharma |
Other key industry trends
- In terms of revenue, China accounted for 11.3% of the global isosorbide market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China isosorbide market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 91.2 million by 2028.
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Isosorbide Market Scope
Isosorbide Market Companies
| Name | Profile | # Employees | HQ | Website |
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China isosorbide market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to isosorbide market will help companies and investors design strategic landscapes.
Polyethylene isosorbide terephthalate (peit) was the largest segment with a revenue share of 27.36% in 2023. Horizon Databook has segmented the China isosorbide market based on polyethylene isosorbide terephthalate (peit), polycarbonate, polyurethane, polyester polyisosorbide succinate (pis), isosorbide diester, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
China is the largest and the fastest-growing market for isosorbide in Asia Pacific owing to the presence of large end-use industries such as pharmaceuticals, personal care products, bioplastics, and biopolymers in the country. The shift in China from the utilization of conventional polymers and plastics to biopolymers and bioplastics to develop different products has led to an increase in the demand for isosorbide in the country. Additionally, China is one of the leading generators of plastic waste in the world. This has resulted in a negative impact on aquatic life and disturbed environmental balance in the country.
Presently, China is switching to bio-based or green alternatives of plastics. This is anticipated to lead to the surged demand for isosorbide in the country to produce bioplastics and biopolymers in the near future. China is one of the largest manufacturers of isosorbide in Asia Pacific. It also has the presence of large end-use industries such as biopolymers and bioplastics in the region. The stringent regulations imposed by the Government of China for reducing the usage of conventional plastics in different applications are expected to increase the demand for bioplastics in the country.
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Target buyers of China isosorbide market databook
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Our clientele includes a mix of isosorbide market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China isosorbide market , including forecasts for subscribers. This country databook contains high-level insights into China isosorbide market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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China isosorbide market size, by application, 2018-2028 (US$M)
China Isosorbide Market Outlook Share, 2023 & 2028 (US$M)
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