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Sorbitol Market Current Trends, Industry Analysis, and Future Growth Report by 2023

Author : Rahul Sankrityayan | Published Date : 2019-04-22 

The professional and high quality report features in-depth market analysis on the global Sorbitol industry. It initially provides an outlook of industry with the basic information such as definitions, application, classification, and technology etc.

Sorbitol market size is likely to be worth more than USD 4 billion by 2023. Cosmetic & personal care end-use industry witnessed the highest consumption and accounted for more than 32% of the total volume. It is also used as low caloric sweetener in food & beverages industries which accounted for more than 28% of the total demand. Toothpaste applications are likely witness highest gains with an estimated CAGR of over 4% to 2023 owing to its properties of preventing tooth decay and cavities.

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Liquid sorbitol market witnessed the highest consumption and accounted for more than 80% of the total demand. Factors such as low cost and simplified production process make it more preferable over its crystal counterparts.

Asia Pacific sorbitol market size was estimated over USD 650 million. North America and Europe are likely to witness moderate growth rates over the forecast period.

This report analyses sorbitol market downstream potential, which is an important building block for commodity chemical such as isosorbide, propylene glycol (1, 2-propanediol), lactic acid, 2, 5-anhydrosugars and 1, 4-sorbitan. One of the largest industrial applications is for production of vitamin c (Ascorbic Acid).

It is obtained from hydrogenation of glucose and the current commercialization processes are based on batch technology with use of Raney nickel as a catalyst. Industry prefers batch technology for ensuring complete conversion of glucose as one of the major applications is into food & beverages with stringent requirements with amount of reducing sugars in the product.

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Sorbitol market price trend is driven by sugar markets, quality norms and international trade barriers, primarily following natural sugar movement. Volatile sugar prices and supply demand deficit is likely to have critical influence on sorbitol market price.

Using it as a building block for various chemicals essentially requires no major technical development. The only change would be required is by adopting continuous process technology instead of batch technology which can be done by using a ruthenium on carbon catalyst and was demonstrated by Engelhard (Now a part of BASF).

It is obtained at cheaper rates from this technology can be used for producing isosorbide are relatively lower costs. Isosorbide is an effective monomer and is used to raise glass transition temperature in polymers.

PEIT production involves monomer components terephthalic acid, isosorbide and ethylene glycol.  PEIT exhibits high glass temperature transition than conventional PET and this property can also be raised depending upon isosorbide content. PEIT also exhibits higher strength & rigidity and improved UV radiation resistance than PET.

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It can be used in the production of lactic acid and 2, 5-anhydrosugar which are used in application such as antifreeze agents and water soluble polymers respectively. These aforementioned commodity chemicals are expected to witness an increase in demand owing to their increasing application scope which is likely to positively influence sorbitol platform market.

The global sorbitol market share is consolidated and is dominated by companies such as ADM, Roquette Freres, Merck and Cargill. Other prominent companies include American International foods, Ecogreen Oleochemicals, Spi Pharma,  Sorini, Sigma-Aldrich and Quinhuangdao Lihua Starch Company Ltd.

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

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