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Isosorbide Market 2016: Intensifying & Impressive Business Opportunities Analysis Forecast By 2028

02-25-2020 02:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Isosorbide Market

Isosorbide Market

A recent report published by QMI on Isosorbide market is a detailed assessment of the most important market dynamics. After carrying out a thorough research on the market of Isosorbide historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Isosorbide during the forecast period. It can enable manufacturers of Isosorbide to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the use of sorbitol a derivative of isosorbide as an artificial sweetener is expected to drive the growth of the isosorbide market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Understanding the chemistry and uses of Isosorbide-
Isosorbide is a white heterocyclic solid glucose derivative, widely used in medical applications and assessed as a bio-feedstock. Isosorbide operates as a diuretic in medical components and is used to treat ailments such as glaucoma and hydrocephalus. Isosorbide derivatives such as dinitrates and mononitrates help treat disorders of the coronary artery such as angina pectoris.

Isosorbide dinitrate is among the key anti-hypertension drug ingredients. It is also used in polymers as an additive to improve material rigidity and toughness. Key isosorbide applications include biodegradable plastics, liquid crystal display elastomer, pharmacy, farm chemicals, fodder, and many other sectors. The largest application segments of this market are expected to be biodegradable plastics and pharmaceuticals.

The PEIT segment is expected to account for the greatest market share over the forecast period. Strict US EPA regulations are projected to boost the nation's demand for isosorbide. Due to improved optical properties, polycarbonate is the second biggest segment to grow consistently. However, the side effects of isosorbide derivatives on health, such as arrhythmic heart rate, severe headache, and angina pain, are estimated to impede overall market growth over the forecast period.

Increasing focus on bio-based chemicals has resulted in heavy investment in research and development and the assessment of product innovation with eco-friendly characteristics to generate new opportunities in the forecast period for market growth. Additionally, it is projected that the change in attitude towards replacing synthetic petroleum products will boost isosorbide regulatory trends in the future. The US Department of Energy has recognized Isosorbide as an emerging bio-based chemical. Supplying raw materials at feasible costs is a major challenge for boosting the market growth in the years ahead. The raw materials used to make isosorbide are corn, wheat, sorbitol, and veggies.

Important Factors Impacting Market Growth:
o Increasing demand for bio-plastics
o Use of sorbitol a derivative of isosorbide as an artificial sweetener
o Cheap raw material & manpower cost in the Asia Pacific region

Regional Analysis:
During the forecast period, Asia Pacific is projected to be the biggest contributor to the isosorbide market. This region accounted for the largest market share in 2018. The reason for overall market growth is the increasing demand for bio-plastics primarily in China due to the low price of raw materials and labor. Major chemical and biotechnology firms like Roquette, for instance, have shifted their production bases to low-cost nations like China, India, Thailand, and Indonesia. Europe followed the Asia Pacific owing to environmental risks generated by the use of products derived from petroleum.

It is projected that increased demand for bio-based polymers such as PET, polycarbonate and isosorbide-based polyurethane will fuel demand over the forecast period. It is projected that the rest of the world and the Middle East will grow at a lucrative pace during the forecast period. Brazil is one of the world's biggest maize/maize producers and one of the world's top five corn producers. Besides, it is receiving attention from many bio-plastic manufacturing firms, as corn is one of the fundamental raw materials for isosorbide manufacturing, as well as other bio-plastics.

Key Developments:
o In 2018 Roquette Freres, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, today announced the acquisition of a facility specialized in the extrusion of plant-based proteins. With this acquisition, the group wants to expand its range of premium textured plant-based ingredients for the global meat alternatives market.
o In 2018, Roquette Freres announced the launch of a new industrial unit for the production of isosorbide at its site in Lestrem, Pas-de-Calais, France. A global player in the processing of plant-based raw materials, Roquette confirms its ambition to become a preferred supplier in the performance plastics and specialty chemistry markets.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Roquette Freres
2. Archer Daniels Midland
3. Cargill
4. Novaphene
5. Mitsubishi Chemical
6. SK Chemical
7. and Par Pharmaceutical

Market Segmentation:
By Application:
o Polycarbonate
o PEIT
o Polyurethane
By End Use:
o Resins
o Polymers
o Additives
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Application
o By End-Use
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application
o By End-Use
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-Use
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By End-Use
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By End-Use
o Rest of the World
o By Region (South America, Africa)
o By Application
o By End-Use

Reasons To Buy This Report:
o Market size estimation of the global isosorbide market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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