The global Isosorbide Market is
projected to reach a valuation of USD 703.1 million by 2025, according to a
report by Grand View Research, Inc. Isosorbide is a chemical compound primarily
derived from glucose. The naturally-derived compound has applications in
pharmaceuticals, solvents, monomers, and plasticizers. Derivatives of the
compound used in various industrial sectors are isosorbide esters, isosorbide
based polyurethane, isosorbide polycarbonate resins, and isosorbide diglicidyl.
The isosorbide market is anticipated
to expand at a 10.9% CAGR from 2016 to 2025. It had registered over 32 kilotons
in 2015. The increasing demand to replace fossil fuel-based derivatives with
natural derivatives is expected to drive market growth over the forecast period
(2014 to 2025). Demand for bio-polyethylene isosorbide terephthalate (PEIT) in
Asia Pacific is predicted to positively impact market. Stringent regulations by
environmental agencies are expected to fuel the demand for bio-based chemicals
over the forecast period.
Full Research Report On Isosorbide
Market Analysis: https://www.grandviewresearch.com/industry-analysis/isosorbide-industry
The potential to remove bisphenol-A
(BPA) from polycarbonates and to replace it with isosorbide alternatives has
garnered the interest of chemical manufacturers. Roquette Frères has combined
PEIT with its proprietary POLYSORB isosorbide to create temperature-resistant
polyesters. Manufacturers are leaning towards natural compounds to act as a
feedstock to produce plastic parts. For instance, Mazda Corporation
collaborated with Mitsubishi Chemical Corporation to create bio-based plastics
derived from isosorbide in December 2017. The use of the compound in
pharmaceuticals is projected to open up new avenues for growth.
The global isosorbide market is fragmented
by application, end-use, and region. Major applications include polyurethane,
polycarbonate, polyester polyisosorbide succinate, polyethylene isosorbide terephthalate
(PEIT), isosorbide esters, and others. End-use segments include additives,
resins and polymers, and others.
View More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
On the basis of regions, the market
is divided into North America, Central and South America (CSA), Asia Pacific
(APAC), Europe, and Middle East and Africa (MEA). The APAC market accounted for
over 34% market share, in terms of volume, in 2015 due to demand for
bioplastics from China. This can be credited to low labor and material costs in
China. The satisfactory results of isosorbides in polymers have led to its
adoption by several companies as a monomer or additive.
The North America market is expected
to exhibit a 10.9% CAGR from 2016 to 2025 owing to technological breakthroughs
in isosorbide production processes and rising demand for bio-based products from
the region. The shale gas industry is expected to benefit the most in the
region due to high raw feedstock prices of isoprene and butadiene. In addition,
the success of hydralazine–isosorbide dinitrate (H-ISDN) to treat congestive
heart failure in African-Americans may positively impact the overall demand. The
CSA market is predicted to expand at a 10.4% CAGR over the forecast period. Favorable
government policies to produce automobile components from bio-based polymers
are expected to bode well for the isosorbide market in this region.
The European market was valued at over
USD 77 million in 2015 due to favorable regulations in the region. In addition,
the high demand for bulk chemicals such as lactic acid, propylene glycol, and
ethylene glycol is expected to influence regional demand. The MEA market is
expected a steady growth rate over the forecast period due to high incidence of
angina in the Middle East and South Africa. Isosorbide is an one of the indispensable
components in drugs necessary to treat acute heart failure (AHF) and coronary
heart disease (CHD). The Gulf CARE registry is a centralized database that
records the effects of isosorbide in heart disorder patients. This will be
instrumental in improving the outcomes of patients and provide insights to
pharmaceutical companies to improve their existing products.
Key players operating in the
worldwide isosorbide market include Cargill, Incorporated; Roquette Frères; J P
Laboratories Pvt. Ltd.; Novaphene Specialities Private Limited; and Par
Pharmaceutical. Expansions and research of novel technologies are strategies
followed by most players to sustain their position in the market. For instance,
Roquette has opened new manufacturing bases in China, India, and Thailand to
stabilize production costs. Most market participants have shifted their focus
towards developing bio-based compounds. Recent studies have shown the success
of dental implants derived from isosorbide monomers. They could be a viable
replacement for bisphenol A glycerolate dimethacrylate (Bis-GMA) based
materials.
View Press
Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/isosorbide-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
For More Information: www.grandviewresearch.com
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