Growth Drivers of Isosorbide Market 2019 | Competitive Landscape, Business Trends and Effects of COVID 19 Analysis| Roquette Freres, Jinan Hongbaifeng, Ecogreen Oleochemicals

Isosorbide Market Snapshot:

The Global Isosorbide market was valued at USD 326 million in 2017 and is expected to grow at a CAGR of 12.58% during the forecast period, 2019–2026.
Isosorbide is a white heterocyclic solid compound produced from bio-based feedstock such as glucose and sorbitol, which is a simple sugar obtained from the enzymatic hydrolysis of starch. It is used in extensive application in the form of polymers such as polycarbonates, polyesters in various applications such as liquid crystal displays in pharmacy, farm chemicals and fodder amongst others. The major application of products comprises biodegradable plastics, elastomer used in liquid crystal displays, pharmacy, chemicals, fodder, and among others. Biodegradable plastics and pharmaceuticals hold the largest share of this market owing to rise in demand of product in plastics industry.

Increasing investments and funding from government in the manufacturing sector due to the rising demand from additives, cosmetics, pharmaceuticals, food and beverages, packaging, and polymers and resins sectors, will push the market at a high level since it improves the properties of the final product. Furthermore, the growing demand for noncarbonated beverages, advancements in new technology, and the increasing in disposable income may raise the demand of global isosorbide market and its application.

The demand is mostly fueled by expanding the capacity of the bio-plastic industry across the globe. Due to increasing demand of bio-based PET in Asia Pacific and Europe. Asia Pacific region is likely to hold the largest share in the isosorbide market, on account of growing construction and manufacturing sector from India, China. Due to low labor cost and raw material, the production capacities in China has increased at a tremendous level. Rapid industrialization and increasing population, with low raw material and labor costs in emerging countries such as China, Japan, and India, resulting in stable market price trend, are the key factors for the growth of the global isosorbide market. Due to presence of major key players in China, the region is a major supplier of products to various countries. Asia Pacific is also leading the market followed by Europe.
Polyurethane segment was another key application that is expected to grow in the isosorbide market at a highest CAGR, due to its used in composites or coatings as part of the polyol phase, and it can be easily molded or cast into a film at ambient conditions. Such higher growth can be attributed to its chemical characteristics such as low polydispersity and eminent thermal stability. Additional, polyester polyisosorbide succinate is one more growing application in the recent year due to its properties such as molecular weights and glass transition temperatures which are suitable for thermosetting powder coating applications.

Asia Pacific isosorbide market is likely to dominant region due to growing population and rising industrialization in various economies such as China, India, Japan, and South Korea.  Due to the growth in bio-plastic industry mostly in China with a low-cost raw material with low labor cost, which in turn, upsurge the isosorbide market in the forecast period. The major big key players from the different region are shifting their manufacturing bases to low-cost countries such as China, India, Thailand, and Indonesia. The growing demand for sustainable and recyclable materials such as (PEIT) which is produced from main product is leading in Asia-Pacific, due to its excellent capacity-to-weight ratio. Furthermore, PET is used in most packaging materials, such as bottles and containers because of it is easy-to-handle nature, durability, reliability, and light weight.

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The Major Prominent Players Covered in this Report:
Roquette Freres, Jinan Hongbaifeng, Ecogreen Oleochemicals, Cargill, Novaphene, Mitsubishi, JP Laboratories, SK Chemical, and Par Pharmaceutical. & More.

By Application
Polyethylene Isosorbide Terephthate (PEIT)
Polycarbonate
Polyester Polyisosorbide Succinate
Polyurethane
Isosorbide Diesters
Others

By End-Users
Resins & Polymers
Additives
Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Isosorbide in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Isosorbide market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Isosorbide and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Isosorbide. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Isosorbide market growth rate?
What are the key factors driving the global Isosorbide market?
Who are the key manufacturers in the Isosorbide market space?
What are the market opportunities, market risk, and market overview of the Isosorbide market?
What are sales, revenue, and price analysis of top manufacturers of the Isosorbide market?
Who are the distributors, traders, and dealers of the Isosorbide market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Isosorbide Industry?
What are sales, revenue, and price analysis by regions of Isosorbide industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Isosorbide Market Trends:
- The report identifies, determines, and forecasts the Global Isosorbide Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Isosorbide Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Isosorbide Market.

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