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Global Isosorbide Market Set for Rapid Growth, To Reach Around USD 400.0 Million by 2020

03-18-2016 05:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MRS Reports

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Zion Research has published a new report titled “Isosorbide Market for PEIT, Polycarbonate, Polyurethane, Polyesters Polyisosorbide Succinate, Isosorbide Diesters and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global isosorbide was valued at around USD 250.0 million in 2014 and is expected to reach USD 400.0 million in 2020, growing at a CAGR of around 9% between 2015 and 2020. In terms of volume, the global isosorbide market stood at 31.5 kilo tons in 2014.

A white heterocyclic compound which is mainly obtained from glucose is known as isosorbide. It is widely used in different medical applications. In medical applications, it is used in preparation of diuretic drug. It is also employed in the treatment of diseases such as glaucoma and hydrocephalus. It finds application in formation of polymers such as polycarbonates, polyesters, liquid crystal displays, pharmacy, farm chemicals, fodder and amongst others.

The major driving factor for this market is rapidly increasing utilization of isosorbide in polymers and elastomers as farm fodder additives. Growing bio-based plastics manufacturing capacity especially in Asian countries is also expected to have positive impact on growth of isosorbide market. However, the food and fuel dispute for raw materials such as maize and wheat are predicted to hamper the growth of this industry. Furthermore, huge unexploited market for healthcare and medical industry is expected to put forward growth opportunities to the isosorbide manufacturers.

Get Sample Research Report: http://goo.gl/4aDISl

PEIT (Polyethylene Isosorbide Terephthate) applications segment was the largest segment of global isosorbide industry and accounted for around 35% share of the entire market in 2014. PEIT with being the biggest application sector is also expected to be the fastest growing segment for isosorbide market. It is expected to grow at strong CAGR of around 20% from 2015 to 2020. Polycarbonate, isosorbide diesters and polyurethane application segments are expected to exhibit moderate growth over the forecast period. This is attributed to consistent efforts in research and development activities for isosorbide applications.

In terms of volume, global isosorbide market was dominated by Asia Pacific with largest share in 2014. Demand for isosorbide in this region is primarily driven by strong demand from China owing to low labor and raw material cost. Europe follows Asia Pacific with share around 30% of the total demand of isosorbide in the same year. In addition, North America is also expected to have significant growth during the estimated years between 2015 and 2020.

The key players for isosorbide market includes ADM, Roquette, Jinan Hongbaifeng Industry, and Cargill, Jinan Yu Teng Pharmaceutical, SK Chemicals, Ecogreen Oleochemicals, Fultaste, and Trade Co., Ltd. among others.

The report segments the global isosorbide market as:

Isosorbide Market: Application Segment Analysis

PEIT
Polycarbonate
Polyurethane
Polyesters Polyisosorbide Succinate
Isosorbide Diesters
Others

Isosorbide Market: Regional Segment Analysis

North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

Browse Full Report Here: http://www.marketresearchstore.com/report/isosorbide-market-z48041

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

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