Latin America Isosorbide Market Size & Outlook, 2023-2028
Latin America isosorbide market, 2018-2028 (US$M)
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Latin America isosorbide market highlights
- The Latin America isosorbide market generated a revenue of USD 85.9 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 85.9 million |
| Market revenue in 2028 | USD 128.5 million |
| Growth rate | 8.4% (CAGR from 2023 to 2028) |
| Largest segment | Polyethylene isosorbide terephthalate (peit) |
| Fastest growing segment | Polyethylene Isosorbide Terephthalate (PEIT) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 11.7% of the global isosorbide market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 415.7 million by 2028.
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Isosorbide Market Scope
Isosorbide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 26.78% in 2023. Horizon Databook has segmented the Latin America 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.
Pharmaceutical industry in Central & South America comprises several domestic and multinational players engaged in manufacturing various products including cancer treatment products, antibiotics, a variety of over-the-counter medicines, vaccines, and others. Companies such as BIOLAB PHARMA and Lannett are engaged in the manufacture and distribution of isosorbide-based medical drugs in the region. Thus, the expanding pharmaceutical business in the region is expected to drive the market over the forecast period.
The regional market is driven by the increasing consumption of isosorbide in several end-use industries including bioplastics, cosmetics, and pharmaceuticals.It is among the top five corn manufacturers in the world. Corn is a major raw material used for producing isosorbide. Thus, isosorbide is popularly being used in many bio-plastic manufacturing companies as the region aims toward green alternatives to reduce environmental hazards.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America isosorbide market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America isosorbide market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America Isosorbide Market Outlook Share, 2023 & 2028 (US$M)
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