- Isosorbide is a bio-chemical and derived from glucose. It is utilized in solvents, surfactants, polymers, and monomers. The chemical also finds applications in the medical and bioplastics sectors. It is used by the former sector to treat glaucoma and hydrocephalus. Isosorbide can reduce the dependence on petroleum feedstock, saving energy.
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The isosorbide market is anticipated to attain revenues worth USD 324.6 million by 2020. It has an expectant 19.6% CAGR from 2013 to 2020. Replacing synthetic materials with renewable ones has provided a market platform.
Production capacity of the bioplastics sector has increased from 249 kilotons (KTs) in 2009 to 1, 016 KTs in 2010. The isosorbide market has attracted new players on account of innovative technologies and relaxed governmental regulations. Dimethyl isosorbide, a solvent used in skincare products, produced over USD 100 billion in 2013.
Side effects of isosorbide include dizziness, chest pain, nausea, and blurred vision. These can have a negative impact on the market. Polyethylene isosorbide terephthate (PEIT), polycarbonate, polyurethane, polyester polyisosorbide succinate, and isosorbide diester are the market applications. PEIT was the fastest growing segment in 2012 and accounted for 36.8% of the global demand.
Polyester polyisosorbide succinate occupied around 14% of the overall demand during the same year. It is used in ink, toners, and powder coatings. Polyurethane captured about 9.6% of the total demand in 2012. It exhibits low polydispersity and thermal stability, making it suitable for producing coatings and foams.
End-users of the isosorbide market comprise resins, additives, and polymers. Resins and polymers, together accounted for 64.8% of the total demand in 2012. They are estimated to be the fastest growing end-users. Additives accounted for 21.7% of the overall demand in 2012. Other end-users include cosmetics, personal care, and pharmaceuticals.
Asia Pacific dominated the isosorbide market in 2012, considering geographies. It captured more than 41% of the total demand that year. The region has a CAGR of around 24.1% in the forecast period. The Chinese bioplastics sector has contributed rapid growth for Asia Pacific. North America is anticipated to earn about USD 63.8 million by 2020.
Prominent companies in the global isosorbide market are Archer Daniels Midland (ADM), Roquette Frères SA, SK Chemicals, Novaphene, and Cargill Inc.
Information Source: Grand View Research
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