Isosorbide is derivative of glucose mostly used in medical field. It is also well known as D-Isosorbide or D-sorbitol. The isosorbide material is particularly employed for preparing diuretic drug. It also finds application in diagnosis of glaucoma and hydrocephalus diseases. Recently, isosorbide is used for the coronary artery diseases in the medical sector. Furthermore, isosorbide has applications in polycarbonates, polyesters, liquid crystal displays, pharmacy, farm chemicals, and fodder amongst others.
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 kilotons in 2014. Zion Market 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 An, lysis and Forecast, 2014 – 2020.”
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Farm fodder additives use a large amount of polymers and elastomers which is one of the key driving factors of the isosorbide market. Rising demand for bio-based plastic material is expected to drive the isosorbide market in Asia-pacific region during the forecast period. Additionally, regulatory support and technological development are expected to have the significant impact on the market growth. However, conflict of raw material such as maize and wheat is expected to impede the growth of the isosorbide market.
The global isosorbide market includes PEIT, polycarbonate, polyurethane, polyesters polyisosorbide succinate, isosorbide diesters as a key application segment. Among all, PEIT was the dominating application segment accounted for more than 30% shares, in terms of total volume consumed in 2014.
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Moreover, polycarbonate, polyurethane and isosorbide diesters are other important segments of the market that are likely to grow with consistent rate due to recent development in the research field.
Among all regions, Asia Pacific dominates the isosorbide market in 2014. This growth is further likely to continue due to the rising demand from the countries such as China. Europe was the second largest region in terms of consumption of isosorbide. It accounted for around 30% shares of the entire market for the same year. This is due to encouraging regulatory scenario and promoting sustainable chemistry in this region.
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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.