Germany Isosorbide Market Size & Outlook, 2023-2028
Germany isosorbide market, 2018-2028 (US$M)
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Germany isosorbide market highlights
- The Germany isosorbide market generated a revenue of USD 59.8 million in 2023 and is expected to reach USD 86.8 million by 2028.
- The Germany market is expected to grow at a CAGR of 7.7% 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 59.8 million |
| Market revenue in 2028 | USD 86.8 million |
| Growth rate | 7.7% (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, Germany accounted for 8.2% 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 Europe, Germany isosorbide market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 86.8 million by 2028.
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Isosorbide Market Scope
Isosorbide Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 25.42% in 2023. Horizon Databook has segmented the Germany 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.
Germany was the largest consumer of bioplastics in Europe in 2020 owing to the presence of a large number of research and development and production facilities of bioplastic companies in the country. Several Germany-based bioplastic manufacturers including AD Bioplastics, BIOTEC, etc. are increasingly investing in research and development activities for producing plant-based sustainable ingredients and additives for the production of bioplastics. Such initiatives may attract the attention of bioplastic manufacturers toward the utilization of isosorbide as a potential ingredient in bioplastic formulations.
The country is increasingly exporting bioplastics to neighboring countries, as well as to other global economies of the world. Moreover, the presence of strict regulations regarding the usage of conventional plastics, the surged environmental concerns about plastic waste, and the establishment of bioplastic standards, such as EN 13432 are contributing to the growth of bioplastics market in Germany. This is further anticipated to fuel the demand for isosorbide-based additives and derivatives for manufacturing bioplastics in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany isosorbide market , including forecasts for subscribers. This country databook contains high-level insights into Germany isosorbide market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Germany isosorbide market size, by application, 2018-2028 (US$M)
Germany Isosorbide Market Outlook Share, 2023 & 2028 (US$M)
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