Isosorbide Market Business Strategies, Competitive Analysis Forecast 2022|Growth by Top Key Players: Jinan Hongbaifeng Industry And Trade Co., Ltd., Ecogreen Oleochemicals, Roquette Freres, Novaphene, JP Laboratories, Mitsubishi corporation

The isosorbide market was evaluated around USD 271.32 million in 2014 and is anticipated to reach approximately USD 605.71 billion by the end of 2022 with a compound annual growth rate (CAGR) of 9.18% during the forecast period, owing to the growing demand for substituting fossil fuel by-products in applications like polymers, monomers, functional materials, and solvents. Isosorbide by-products such as dinitrate and mononitrate find its uses primarily in medical and pharmaceutical which is expected to augment the growth of the global market during the forecast years. The demand of the product is mainly fueled by currently expanding the capacity of the bio-plastic industry. Due to rising demand of bio-based PET in Asia Pacific and Europe, PEIT is likely to direct the application section during the approaching years. Asia Pacific region holds the major share, on account of growing construction and manufacturing activities from India, China, as well as few other Southeast Asian nations. Bio-based plastics production capacities in China region have experienced improved usage rate during the precedent years. This can be assigned to low labor cost and raw material. Constant study on isosorbide usage in functional polymers has turn out to be productive and ensued as a few companies embracing its application methods as an additive or monomer. Rising ecological concern about the utilization of synthetic polymers has encouraged the EPA to enforce strict regulations, which consecutively has recommended the top polymer and biotechnological companies to expand innovative technology using recyclable raw materials.

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Competitive Outlook and Trend Analysis:
Major market players for the global isosorbide market are; Par Pharmaceutical, Jinan Hongbaifeng Industry And Trade Co., Ltd., Ecogreen Oleochemicals, Roquette Freres, Novaphene, JP Laboratories, Mitsubishi corporation, SK Chemicals Co., Ltd., and Cargill. Isosorbide is presently a very niche market and is commanded by France’s Roquette Freres. Other global players such as Novaphene, and SK Chemicals Co., Ltd. are also anticipated to commercialize their produces in the coming years. Though, the existence of huge unorganized industry primarily in China presents a great risk to these international companies.
The global isosorbide market is segmented as follows –

By Application:
• Polyethylene Isosorbide Terephthalate (PEIT)
• Polycarbonate
• Polyurethane
• Polyester Polyisosorbide Succinate
• Isosorbide Diesters
• Others

By End User:
• Resins & Polymers
• Additives
• Others

Regional Outlook and Trend Analysis:
In 2015, Asia Pacific region emerged as the top customer as reporting for around 34% of the overall volume. It is also anticipated to be the top-growing region during the forecast period. The rising bioplastics demand primarily in China is likely to act as a major driving factor for product demand during the approaching years. Key biotechnology and chemical companies like Roquette Freres have been transferring their production bases to low-cost nations like India, China, Indonesia, and Thailand. In 2015, the demand for Product in Europe was esteemed around USD 77 million. The rising demand for bio-based plastics in the emerging countries of Europe is likely to act positively over the forthcoming years. Encouraging regulatory scenario, boosting sustainable alchemy is projected to be the major market driving factors over the coming years. North American region emerged as the 3rd top customer and is anticipated to grow at a compound annual growth rate of 11.1% during the next few years. Growing demand for bio-based product together with technological advancements in the region is likely to act as a key driving factor for industry growth during the next few years.

End User Outlook and Trend Analysis:
Polymers and Resins are projected to be the highest-growing sector, with numerous application chances on the prospect. In 2015, polymers and Resins segment reported for around 47% of the overall revenue. The change in trend for bio-based products in plastics and polymers sector is anticipated to fuel the product demand during the coming years. Key chemical companies like SK Chemicals and Mitsubishi Chemicals have been concentrating on the fabrication of bio-based polymers for electrical, electronics, and automotive. Additives are a rising opportunity for isosorbide and are projected to experience the highest growth with a considerable compound annual growth rate during the forecast period. Increasing importance for recyclable polymer additives in fuel additives and fuels is likely to fuel the growth of the segment across the long term.

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Table of Contents:
1.Introduction
1.1.Report Decription
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2.Executive Summary
2.1.Key Highlights

3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
...CONTINUED FOR TOC

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Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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