Middle East & Africa Isosorbide Market Size & Outlook
Middle East & Africa isosorbide market, 2018-2028 (US$M)
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MEA isosorbide market highlights
- The MEA isosorbide market generated a revenue of USD 48.2 million in 2023.
- The market is expected to grow at a CAGR of 3.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 48.2 million |
| Market revenue in 2028 | USD 58.5 million |
| Growth rate | 3.9% (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, MEA region accounted for 6.6% 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 |
|---|
Middle East & Africa 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 25.31% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East & African bioplastics market is anticipated to witness steady growth over the forecast period. Saudi Arabia dominated the Middle East & African bioplastics market in 2022, and this trend is expected to continue over the forecast period. This is attributable to rising environmental concerns and increasing inclination of consumers toward sustainable products are anticipated to fuel the demand for isosorbide-based bioplastics among end-use industries. Due to changing customer behavior, manufacturers in the Middle East are experiencing a substantial upward trend in the utilization of bio-based products.
During the pandemic, the global trend toward safety and hygiene boosted the demand for convenience packaging. As a result of COVID-19 restrictions, consumers are increasingly preferring online and e-commerce platforms. Sustainable product solutions, environment friendly materials, and bioplastics are some of the products driving the Middle Eastern packaging market for the next five years. Environment friendly materials are increasingly influencing the purchasing decision of consumers, which is expected to augment the demand for bio based products and create significant demand for isosorbide in packaging applications.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa isosorbide market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa isosorbide market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa isosorbide market
Middle East & Africa Isosorbide Market Outlook Share, 2023 & 2028 (US$M)
Middle East & Africa isosorbide market
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