U.S. Isosorbide Market Size & Outlook, 2022-2030
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U.S. isosorbide market highlights
- The U.S. isosorbide market generated a revenue of USD 111.8 million in 2021 and is expected to reach USD 270.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10% from 2022 to 2030.
- In terms of segment, polyethylene isosorbide terephthalate (peit) was the largest revenue generating application in 2021.
- 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 2021 | USD 111.8 million |
| Market revenue in 2030 | USD 270.3 million |
| Growth rate | 10% (CAGR from 2022 to 2030) |
| Largest segment | Polyethylene isosorbide terephthalate (peit) |
| Fastest growing segment | Polyethylene Isosorbide Terephthalate (PEIT) |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| 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, U.S. accounted for 18.8% of the global isosorbide market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. isosorbide market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 270.3 million by 2030.
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Isosorbide Market Scope
Isosorbide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Manus Aktteva Biopharma | View profile | 1-10 | New York, New York, United States, North America | http://www.manusaktteva.com/ |
| Novaphene | View profile | 51-100 | Mumbai, Maharashtra, India, Asia | https://novaphene.com |
| J and K Scientific | View profile | 101-250 | San Jose, California, United States, North America | https://www.jk-sci.com |
| Rocket Companies Inc Ordinary Shares Class A | View profile | 14700 | 1050 Woodward Avenue, Detroit, MI, United States, 48226 | https://ir.rocketcompanies.com |
| Jiayin Group Inc ADR | View profile | 925 | No. 428 South Yanggao Road, Room 26F, 18th Floor, Building No. 1, Youyou Century Plaza, Pudong New Area, Shanghai, China, People's Republic of, 200122 | http://www.jiayintech.cn |
U.S. 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 31.57% in 2021. Horizon Databook has segmented the U.S. 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 2030.
The demand for bio-based packaging in food and consumer goods industries is likely to drive the U.S. bioplastics market over the forecast period. Bio-based plastics and bags have better tensile strength and are environmentally beneficial. As a result, the demand for isosorbide in the formulation of bioplastics is expected to rise over the projection period.
Furthermore, rising environmental concerns related to single-use plastics and government initiatives to reduce global warming and greenhouse gas emissions are expected to provide lucrative opportunities for market growth in the coming years. In January 2020, the ban on single use plastic came into effect in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. isosorbide market , including forecasts for subscribers. This country databook contains high-level insights into U.S. isosorbide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. isosorbide market size, by application, 2018-2030 (US$M)
U.S. Isosorbide Market Outlook Share, 2021 & 2030 (US$M)
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