North America Isosorbide Market Size & Outlook, 2023-2028
North America isosorbide market, 2018-2028 (US$M)
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North America isosorbide market highlights
- The North America isosorbide market generated a revenue of USD 188.5 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2028.
North America data book summary
| Market revenue in 2023 | USD 188.5 million |
| Market revenue in 2028 | USD 289.9 million |
| Growth rate | 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, North America region accounted for 25.7% 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 |
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North 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 27.37% in 2023. Horizon Databook has segmented the North 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.
The U.S. EPA has implemented rigorous laws in North America on account of growing environmental concerns regarding the usage of synthetic polymers, which has encouraged the biotechnology & polymer industry players to develop new technologies using eco-friendly ingredients.
Furthermore, the regional market is characterized by strong demand for sustainability, which has resulted in a significant demand for sustainable ingredients in packaging application.
Government regulations to reduce VOC content in paints and coatings are projected to drive the bio-based coatings market in North America. Bio-based coatings demand in the region is predicted to be driven by the emergence of green construction norms.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America isosorbide market , including forecasts for subscribers. This continent databook contains high-level insights into North America isosorbide market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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North America isosorbide market size, by country, 2018-2028 (US$M)
North America Isosorbide Market Outlook Share, 2023 & 2028 (US$M)
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