Dimethyl isosorbide, also known as isosorbide dimethyl ether, is a colorless and transparent liquid with good solubility and permeability, commonly used as a solvent and permeation aid. Its chemical formula is C8H14O4, molecular weight is 174.19, boiling point is about 93-95 °C (at 0.1mmHg), and melting point is -70 °C.
Dimethyl isosorbide has a wide range of applications in the cosmetics and pharmaceutical fields. As a solvent and penetrant in cosmetics, it can enhance the effectiveness of active ingredients; In the field of medicine, it is used as an external medicine in ointments, tinctures, etc. In addition, it has also been studied for use in the field of pesticides to enhance efficacy and reduce environmental pollution.
Overview of Market Development
In recent years, the global market for dimethyl isosorbide has shown a slow but steady growth trend. According to our research data, the global market size of dimethyl isosorbide is expected to reach $17.40 million in 2024, an increase of 2.72% compared to 2023.
It is expected that in the coming years, with the continuous expansion of new application fields, the demand for dimethyl isosorbide in the market will show a diversified development trend. At the same time, major producers worldwide are constantly expanding their production scale and improving production efficiency to meet the growing market demand. Overall, the global market for dimethyl isosorbide has a promising outlook and is expected to maintain a sustained growth trend in the future. By 2029, the global market size of dimethyl isosorbide is expected to increase to $19.74 million. The CAGR for 2024-2029 is estimated to be 2.55%.
Analysis of Market Competition Pattern
From the perspective of market competition, the global market concentration of dimethyl isosorbide is relatively high. Data shows that in 2023, the total output value of dimethyl isosorbide among the top 3 companies was $11.28 million, with a share of 66.62%. The top three companies were Croda Inc., Jinan Hongbeifeng Industry and Trade Co., Ltd., and Tokyo Chemical Industry Co., Ltd. In 2023, these three companies accounted for 37.46%, 20.47%, and 8.69% of the global market, respectively.
Global Dimethyl Isosorbide Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of downstream application patterns, the application of dimethyl isosorbide mainly involves fields such as skin care products, sunscreen products, and hair care products. Among them, the sunscreen product field is the largest downstream application market, with an estimated application share of 36.31% in 2024.
From a regional perspective, the global market for dimethyl isosorbide is dominated by three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest consumer market, with dimethyl isosorbide consumption accounting for over 50% of the global total consumption in 2024. From a national perspective, China is the largest consumer country. Data shows that the consumption of dimethyl isosorbide in China is expected to reach 189.23 tons in 2024, accounting for an estimated 39.75% of the total consumption.
Global Dimethyl Isosorbide Consumption and Proportion by Application and Region/Country Forecast in 2024
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Consumption (Tons)
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Proportion
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Segmented by Application
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Skin Care Products
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105.35
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22.13%
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Sunscreen Products
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172.85
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36.31%
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Hair Care Products
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111.02
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23.32%
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Others
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86.83
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18.24%
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Segmented by Region/Country
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North America
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61.93
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13.01%
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Europe
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118.16
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24.82%
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China
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189.23
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39.75%
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Japan
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32.09
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6.74%
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India
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25.80
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5.42%
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South America
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18.33
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3.85%
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Middle East & Africa
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11.38
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2.39%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Dimethyl Isosorbide Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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