Isosorbide Market is Expected to Be 324.6 Million by 2020 Isosorbide Market 2020

Isosorbide Market is Expected to be 324.6 Million by 2020: Radiant
Insights, Inc.
San Francisco, December 19, 2013. The global market for isosorbide is expected to reach USD 324.6
million by 2020. The quest for replacing synthetic products with sustainable equivalents based on
renewable resources has driven isosorbide exploration as a platform in the industry. Grand View Research
further observes the growing end-use industries such as cosmetics and personal care are expected to
contribute to the growth of the market. Moreover, due to the increasing concern regarding toxic chemical
components, the industry is now focusing on bio-based products such as isosorbide.
PEIT (Polyethylene Isosorbide Terephthate) emerged as the leading application segment for isosorbide
and accounted for 36.8% of the total isosorbide consumed in 2012. PEIT along with being the biggest
application is also expected to be the fastest growing application segment for isosorbide at an estimated
CAGR of 23.8% from 2013 to 2020. Other polymer applications such as polycarbonate, polyurethane and
isosorbide diesters among others are expected to witness moderate growth in the future owing to
continuous efforts in research and development of isosorbide derivatives for polymer applications.
However, the conventional applications of isosorbide in pharmaceutical sector are relatively expected to
witness sluggish growth over the forecast period.
View summary of this report @ http://www.radiantinsights.com/research/isosorbide-marketanalysis-by-application-peit-polycarbonate-polyurethane-polyesters-polyisosorbide-succinateisosorbide-diesters-and-segment-forecasts-to-2020
Further key findings from the study suggest:
The global isosorbide market is expected to be 324.6 million by 2020 growing at a CAGR of 19.7% from
2013 to 2020.
Resins and polymers emerged as the largest end-use industry for isosorbide and accounted for over 60%
of the global demand in 2012. This segment is further expected to witness significant growth on account
of steady research in the field. Other end-uses including pharmaceutical, cosmetics, personal care and
food among others are projected to experience sluggish growth owing to saturated application market
Asia Pacific continued its dominance in the overall isosorbide market and accounted for 41.4% of the
total demand in 2012. Asia Pacific, along with being the biggest market is also expected to be the fastest
growing market for isosorbide at an estimated CAGR of 24.1% over the forecast period. The growing biobased plastics manufacturing capacity mainly in China due to low labor and raw material cost has been
acting as one of the major factors driving the demand for isosorbide. Europe trailed Asia Pacific with just
over 31% of the total demand in 2012. The North American market for isosorbide is expected to reach a
market worth USD 63.8 million by 2020
Some of the players in the industry such as Roquette, France and SK Chemicals, Korea have been
investing in research and development and are working to produce eco-friendly polymers. However, the
food and fuel debate for raw materials such as maize and wheat may hinder the market in future.