Isosorbide is a white heterocyclic solid derivative of glucose, widely use in numerous application such as cosmetics, pharmaceuticals, food and beverages, packaging, and polymers & resins sectors which push the isosorbide market in the forecast period. The polymers and resins market are rising due to the usage of isosorbide in the various products which is growing significantly with the increasing demand from the automotive industry. Product is used to manufacture various chemicals such as PEIT, polyurethane, polyester polyisosorbide succinate, and others which are used in numerous industrial applications such as plastics & polymer, and beverages and dairy products. Product is mostly used in PIET due to growing demand for sustainable and recyclable materials. In addition, it exhibits less environmental impact than aluminium, and is energy efficient due to its excellent capacity-to-weight ratio.
Geographically, the global isosorbide market is segmented into five regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Asia Pacific is expected to lead the growth for isosorbide market. This is owed to rapid industrialization in various economies such as China and India. The major companies like Roquette are shifting their manufacturing plants in the APAC region mainly in China, indonesia and in India, so that due to low cost labor and raw material, the market will lead in the forecast period. PEIT segments are expected to drive the growth for this region as it is widely used in various industries including packaging and electronics industries and the countries such as China, India, south korea are the major contributors to the growth of the isosorbide market.
APAC is likley to hold the highest isosorbide market share owing to the region's huge consumer base, untapped market potential, and the presence of a large number of pharma and polymer key players in this region. The food packaging industry in APAC has a significant growth due to the huge demand for beverages and dairy products, high demand for non-alcoholic drinks and fortified beverages, rising health awareness, and a greater demand from emerging countries such as Vietnam, Indonesia, Thailand, China, India, Japan, and other countries.
North America isosorbide market is also gaining a huge demand in polymers & plastics industries due to increasing demand for less VOC paints from end-user industries like construction and automotive, in response to rising consumer awareness regarding their ill effects on environment and health.
Polyurethane product is anticipated to face a strong growth by the reinforcement of construction industry especially in Eastern Europe countries. Increasing demand for energy efficiency and several innovative applications of PU may raise the demand of products and its end user.
Global isosorbide market is segmented by application and end use.
PEIT segment is expected to grow the fastest for isosorbide market which has a wide range of glass transition temperatures ranging from 176°F to 356°F. PEIT provides attractive appearance along with high resistance to stress and strain to the films and bottles. PEIT is produced from polymerisation and recognised as non-toxic, safe, lightweight, strong and flexible material, which is 100% recyclable.
Rapidly growing food industry coupled with growing population has increased the growth of isosorbide market in the region. Increasing environmental concern over Bisphenol A (BPA) in food sectors is expected to drive replacement of BPA demand for eco-friendly polycarbonate products. Resins and polymers were the leading application segment due to their superior properties and biodegradable nature, the resins and polymers segment are leading the segment in the isosorbide market.
Isosorbide Market Segmentation
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