North America Isosorbide Market Size & Outlook, 2022-2030
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North America isosorbide market highlights
- The North America isosorbide market generated a revenue of USD 152.0 million in 2021.
- The market is expected to grow at a CAGR of 9% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 152.0 million |
| Market revenue in 2030 | USD 340.0 million |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Polyethylene isosorbide terephthalate (peit) |
| Fastest growing segment | Polyethylene Isosorbide Terephthalate (PEIT) |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, North America region accounted for 25.6% of the global isosorbide market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 497.9 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 |
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 30.33% in 2021. 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 2030.
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 2030, including revenue numbers, major trends, and company profiles.
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North America isosorbide market size, by country, 2018-2030 (US$M)
North America Isosorbide Market Outlook Share, 2021 & 2030 (US$M)
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