The global market for isosorbide is expected to reach USD 324.6 million by 2020, according to a new study by Grand View Research, Inc. The quest for replacing synthetic products with sustainable equivalents based on renewable resources has driven isosorbide exploration as a platform in the industry.
Global isosorbidemarket segment forecasts to 2020 - GrandViewResearch,Inc
1. Global Isosorbide Market To Reach USD 324.6 Million By 2020: Grand
View Research, Inc
Grand View Research has announced the addition of " Isosorbide Industry Trends
and Market Segment Forecasts To 2020" Market Research report to their Database
San Francisco, Jan 15, 2013. The global market for isosorbide is expected to
reach USD 324.6 million by 2020, according to a new study by Grand View
Research, Inc. The quest for replacing synthetic products with sustainable
equivalents based on renewable resources has driven isosorbide exploration as a
platform in the industry. Grand View Research further observes the growing enduse industries such as cosmetics and personal care are expected to contribute to
the growth of the market. Moreover, due to the increasing concern regarding toxic
chemical components, the industry is now focusing on bio-based products such as
isosorbide.
PEIT (Polyethylene Isosorbide Terephthate) emerged as the leading application
segment for isosorbide and accounted for 36.8% of the total isosorbide consumed
in 2012. PEIT along with being the biggest application is also expected to be the
fastest growing application segment for isosorbide at an estimated CAGR of 23.8%
from
2013
to
2020.
Other
polymer
applications
such
as
polycarbonate,
polyurethane and isosorbide diesters among others are expected to witness
moderate growth in the future owing to continuous efforts in research and
development of isosorbide derivatives for polymer applications. However, the
conventional applications of isosorbide in pharmaceutical sector are relatively
expected to witness sluggish growth over the forecast period.
The report “Isosorbide Industry Trends And Market Segment Forecasts To
2020,” is
available
now
toGrand
View
Research
customers
2. at http://www.grandviewresearch.com/industry-analysis/IsosorbideIndustry
Further Key findings from the study suggest:
The global isosorbide market is expected to be 324.6 million by 2020 growing
at a CAGR of 19.7% from 2013 to 2020.
Resins and polymers emerged as the largest end-use industry for isosorbide
and accounted for over 60% of the global demand in 2012. This segment is
further expected to witness significant growth on account of steady research
in the field. Other end-uses including pharmaceutical, cosmetics, personal
care and food among others are projected to experience sluggish growth
owing to saturated application market
Asia Pacific continued its dominance in the overall isosorbide market and
accounted for 41.4% of the total demand in 2012. Asia Pacific, along with
being the biggest market is also expected to be the fastest growing market
for isosorbide at an estimated CAGR of 24.1% over the forecast period. The
growing bio-based plastics manufacturing capacity mainly in China due to low
labor and raw material cost has been acting as one of the major factors
driving the demand for isosorbide. Europe trailed Asia Pacific with just over
31% of the total demand in 2012. The North American market for isosorbide
is expected to reach a market worth USD 63.8 million by 2020
Some of the players in the industry such as Roquette, France and SK
Chemicals, Korea have been investing in research and development and are
working to produce eco-friendly polymers. However, the food and fuel debate
for raw materials such as maize and wheat may hinder the market in future.
For the purpose of this study, Grand View Research has segmented the
global isosorbide market on the basis of application, end use and region:
Direct Link for Sample Request http://www.grandviewresearch.com/request/48
# Isosorbide Application Outlook,
- PEIT
- Polycarbonate
- Polyurethane
3. - Polyesters polyisosorbide succinate
- Isosorbide diesters
- Others (pharmaceutical, food, etc.)
# Isosorbide End-use Outlook,
- Polymer and resins
- Additives
- Others
# Isosorbide Regional Outlook,
- North America
- Europe
- Asia Pacific
- Rest of the World
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About Grand View Research
Grand View Research is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring relevant and factbased research across a range of industries including Technology, Chemicals, Materials, and
Energy. With a deep-seated understanding of many business environments, Grand View