Isosorbide Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Isosorbide Market Analysis:

Version 1: The forecast period (2021–2026) is expected to witness a Compound Annual Growth Rate (CAGR) of over 8% in the Global Isosorbide Market. However, the market faced negative impacts from the COVID-19 pandemic in 2020. The lockdown measures temporarily halted construction and automotive manufacturing activities, resulting in a decline in the consumption of isosorbide polymer and resins. These materials are crucial for producing automotive parts and construction products. Consequently, the market experienced a decrease in demand. On the other hand, the demand for isosorbide derivatives, such as isosorbide mononitrate and dinitrate, increased during the pandemic as they were used to treat chest pain caused by COVID-19. This surge in demand stimulated the market. In the short term, the market is expected to grow due to the rising demand for isosorbide from the pharmaceutical industry and the increasing demand for bio-based products. However, the market’s growth may be hindered by the health side effects of isosorbide derivatives and the unfavorable conditions caused by the ongoing pandemic. The polymer and resin segment is anticipated to dominate the market among end-user industries, driven by the growing demand from sectors like construction, electrical and electronics, and others.

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