+1-888-308-5802     
News Contact Us

Isosorbide Market to witness remarkable growth from resins & polymers sectors by 2023

Author : Rahul Sankrityayan | Published Date : 2019-03-28 

Global Isosorbide Market demand is set to reach over USD 350 million by 2023. This market is likely to grow with an anticipated CAGR of more than 19.5% by 2023. Growing awareness about sustainable products derived from renewable resources to replace synthetic products, in new emerging applications and regulatory issues is likely to drive the isosorbide market size.

Resins & polymers were the largest end-use segment and accounted for more than 60% of the total isosorbide market share and are expected to witness steady gains over the forecast period. It is preferred in these applications due to its excellent optical, thermal and mechanical properties. End-use segments such as cosmetics, food, personal care and pharmaceuticals are likely to witness below average growth rates over the forecast period.

Request for TOC of this research report @ www.gminsights.com/request-toc/upcoming/285

Polyethylene isosorbide terephthate (PEIT) was the largest application and accounted for more than 35% of the total isosorbide market share. PEIT along with the largest application is also likely to witness highest gains with an estimated CAGR of over 22% up to 2023. Applications such as diesters, polyurethane (PU) and polycarbonate are likely to witness moderate gains.

Bioplastics market growth coupled with technical development and regulatory support is likely to push manufacturers to increase isosorbide production capacity. It is copolymerized with polyethylene terephthalate (PET) & ethylene glycol to enhance polymer strength and form PEIT. It serves for thermoplastics market where high temperature performance is required which includes rigid containers and bottles for hot-fill applications, thus supporting industry growth.

Its use is not restricted to offer advantages as building block in PEIT application, but also it can be used as a comonomer for PU, polycarbonates, polyethers and polyesters. Derivates such as diesters and dimethyl are used as plasticizers in PVC and solvents & fluxing agents respectively.

Make an Inquiry of this Report @ www.gminsights.com/inquiry-before-buying/285

Europe accounted for over 30% of the volume in 2014 and is likely to gain moderate growth rates up to 2023.It is obtained from sorbitol which is produced from sucrose (sugar cane or sugar beet) or glucose (starch) and is widely used in food applications. The sorbitol market has emerged as a key platform for commodity chemicals such as ethylene glycol, propylene glycol, lactic acid, glycerol and 1,4-sorbiton. This factor is likely to be responsible for competitive isosorbide market price as it can be obtained in large amounts. Also to increase its yield, companies are putting efforts to improve process conditions and use of dehydration catalysts.

Also derivative such as such as mononitrates and dinitrates are used in medical applications to treat coronary artery diseases. Isosorbide dinitrate is one of the key ingredients in anti-hypertension drugs.

Roquette and Mitsubishi Chemical Company are focusing on polymer production using this route. In 2011, Roquette has announced to increase its existing production capacity located in France. It markets under the brand name POLYSORB which is claimed to be cost effective and can bring enhanced thermal and optical properties to polymers such as polycarbonates. It’s another grade POLYSORB ID is sold as an alternative plasticizer to phthalates in PVC.

Request for Customization @ www.gminsights.com/roc/285

In January 2014, Mitsubishi announced to develop new grade of high transparency and high performance based bio engineering plastics under the brand name DURABIO derived from plans. This material is claimed to have high resistance to humidity & heat and excellent optical properties.

Global isosorbide market share is consolidated and represents a niche segment. Companies such as SK Chemicals, Novaphene and ADM are anticipated to commercialize their products in the forecast period. Presence of highly unorganized industry in China poses threat to these current manufacturers.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Synthetic Food Market Projections, Industry Outlook, Business Outlook by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has released a new research study on Synthetic Food Market analysis 2018-2023 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The repor... Read More

Non-Alcoholic Beer Market Insights, Industry Projections, Regional Analysis by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has announced the launch of Non-Alcoholic Beer Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in add... Read More

Food Enzymes Market 2019 Analysis, Industry Strategy, Business Prospects by 2024

Published Date: 2019-08-22         Author: Rahul Sankrityayan

Global Market Insights, Inc. has added a new report on Food Enzymes Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also ... Read More

© 2019 Fractovia. All Rights Reserved