Isosorbide Market by Application and End-Use Type - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Food / 107 Pages

Description

Industry Trend Analysis

The isosorbide market was evaluated around USD 271.32 million in 2014 and is anticipated to reach approximately USD 605.71 billion by the end of 2022 with a compound annual growth rate (CAGR) of 9.18% during the forecast period, owing to the growing demand for substituting fossil fuel by-products in applications like polymers, monomers, functional materials, and solvents. Isosorbide by-products such as dinitrate and mononitrate find its uses primarily in medical and pharmaceutical which is expected to augment the growth of the global market during the forecast years. The demand of the product is mainly fueled by currently expanding the capacity of the bio-plastic industry. Due to rising demand of bio-based PET in Asia Pacific and Europe, PEIT is likely to direct the application section during the approaching years. Asia Pacific region holds the major share, on account of growing construction and manufacturing activities from India, China, as well as few other Southeast Asian nations. Bio-based plastics production capacities in China region have experienced improved usage rate during the precedent years. This can be assigned to low labor cost and raw material. Constant study on isosorbide usage in functional polymers has turn out to be productive and ensued as a few companies embracing its application methods as an additive or monomer. Rising ecological concern about the utilization of synthetic polymers has encouraged the EPA to enforce strict regulations, which consecutively has recommended the top polymer and biotechnological companies to expand innovative technology using recyclable raw materials.

Application Outlook and Trend Analysis

Globally, Isosorbide has been consumed and produced in small amounts for a long period, but latest technological advancements in the market have been encouraging its use in an extensive variety of applications. It has application in a range of polymers like polycarbonate, polyethylene, plasticizers, and polyurethane. The key application is copolymerization along with polyethylene terephthalate (PET) to improve the polymer strength. PEIT observes major use in beverage & food packaging. Few of the other uses involve pharmaceuticals, personal care products, and industrial solvents. In the healthcare sector, it is employed to treat angina pectoris, glaucoma, and hydrocephalus. The demand of Isosorbide for production of PEIT was around 9.2-kilo tons during 2015. Polyurethane manufacturing was another key application that is expected to grow at a compound annual growth rate of around 9% during the forecast years. Such elevated growth can be credited to its chemical characteristics such as low polydispersity and eminent thermal stability. It can be also used in the manufacturing of biocompatible coatings and foams. Confirmed isosorbide prospective in polyurethanes and constant research along with hard work on eco-friendly alternative is likely to fuel the global isosorbide market. Further, Polyester polyisosorbide succinate is one more rising application that reported for 12% of the overall demand in the year 2015. It has application in toners, powder coatings, and ink.

End User Outlook and Trend Analysis

Polymers and Resins are projected to be the highest-growing sector, with numerous application chances on the prospect. In 2015, polymers and Resins segment reported for around 47% of the overall revenue. The change in trend for bio-based products in plastics and polymers sector is anticipated to fuel the product demand during the coming years. Key chemical companies like SK Chemicals and Mitsubishi Chemicals have been concentrating on the fabrication of bio-based polymers for electrical, electronics, and automotive. Additives are a rising opportunity for isosorbide and are projected to experience the highest growth with a considerable compound annual growth rate during the forecast period. Increasing importance for recyclable polymer additives in fuel additives and fuels is likely to fuel the growth of the segment across the long term.

Regional Outlook and Trend Analysis

In 2015, Asia Pacific region emerged as the top customer as reporting for around 34% of the overall volume. It is also anticipated to be the top-growing region during the forecast period. The rising bioplastics demand primarily in China is likely to act as a major driving factor for product demand during the approaching years. Key biotechnology and chemical companies like Roquette Freres have been transferring their production bases to low-cost nations like India, China, Indonesia, and Thailand. In 2015, the demand for Product in Europe was esteemed around USD 77 million. The rising demand for bio-based plastics in the emerging countries of Europe is likely to act positively over the forthcoming years. Encouraging regulatory scenario, boosting sustainable alchemy is projected to be the major market driving factors over the coming years. North American region emerged as the 3rd top customer and is anticipated to grow at a compound annual growth rate of 11.1% during the next few years. Growing demand for bio-based product together with technological advancements in the region is likely to act as a key driving factor for industry growth during the next few years.

Competitive Outlook and Trend Analysis

Major market players for the global isosorbide market are; Par Pharmaceutical, Jinan Hongbaifeng Industry And Trade Co., Ltd., Ecogreen Oleochemicals, Roquette Freres, Novaphene, JP Laboratories, Mitsubishi corporation, SK Chemicals Co., Ltd., and Cargill. Isosorbide is presently a very niche market and is commanded by France’s Roquette Freres. Other global players such as Novaphene, and SK Chemicals Co., Ltd. are also anticipated to commercialize their produces in the coming years. Though, the existence of huge unorganized industry primarily in China presents a great risk to these international companies.

The global isosorbide market is segmented as follows –

By Application


Polyethylene Isosorbide Terephthalate (PEIT)
Polycarbonate
Polyurethane
Polyester Polyisosorbide Succinate
Isosorbide Diesters
Others


By End User


Resins & Polymers
Additives
Others


By Regions


North America



Canada
U.S
Mexico



Europe



Spain
Germany
UK
France
Italy
Rest of Europe



Asia-Pacific



Japan
India
China
Australia
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
United Arab Emirates
South Africa
Saudi Arabia
Others


Some of the key questions answered by the report are:


What was the market size in 2014 and forecast from 2015 to 2022`
What will be the industry market growth from 2015 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents

1.Introduction

1.1.Report Description

1.2.Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.Executive Summary

2.1.Key Highlights

3.Market Overview

3.1.Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.Market Share Analysis

3.3.Market Dynamics

3.3.1. Drivers

3.3.1.1.Increasing use in polymers and elastomers

3.3.1.2.Adaption of anti-hypertension drugs

3.3.1.3.Growing significance for eco-friendly polymer additives in fuels and fuel additives

3.3.2. Restraints

3.3.2.1.Potential side-effects such as headaches and other discomforts

3.3.3. Opportunities

3.3.3.1.Technological Advancement in Resins and polymers

3.4.Industry Trends

4.Isosorbide Market, By Application

4.1.Introduction

4.2.Isosorbide Market Assessment and Forecast, By Application, 2014-2022

4.3.Polyethylene Isosorbide Terephthalate (PEIT)

4.3.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.4.Polycarbonate

4.4.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.5.Polyurethane

4.5.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.6.Polyester Polyisosorbide Succinate

4.6.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.7.Isosorbide Diesters

4.7.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.8.Other Applications

4.8.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

5.Isosorbide Market, By End-Use Type

5.1.Introduction

5.2.Isosorbide Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

5.3.Resins & Polymers

5.3.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

5.4.Additives

5.4.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

5.5.Other End-Use Types

5.5.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

6.Isosorbide Market, By Region

6.1.Introduction

6.2.Isosorbide Market Assessment and Forecast, By Region, 2014-2022 ($Million)

6.3.North America

6.3.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

6.3.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.3.3. Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.3.3.1.U.S.

6.3.3.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.3.3.1.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.3.3.2.Canada

6.3.3.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.3.3.2.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.3.3.3.Mexico

6.3.3.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.3.3.3.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.Europe

6.4.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

6.4.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3. Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.1.Germany

6.4.3.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.1.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.2.France

6.4.3.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.2.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.3.UK

6.4.3.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.3.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.4.Italy

6.4.3.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.4.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.5.Spain

6.4.3.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.5.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.6.Russia

6.4.3.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.6.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.4.3.7.Rest of Europe

6.4.3.7.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.4.3.7.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.Asia-Pacific

6.5.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

6.5.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3. Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.1.Japan

6.5.3.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.1.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.2.China

6.5.3.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.2.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.3.Australia

6.5.3.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.3.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.4.India

6.5.3.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.4.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.5.South Korea

6.5.3.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.5.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.6.Taiwan

6.5.3.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.6.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.5.3.7.Rest of Asia-Pacific

6.5.3.7.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.5.3.7.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.Rest of the World

6.6.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

6.6.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3. Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.1.Brazil

6.6.3.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.1.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.2.Turkey

6.6.3.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.2.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.3.Saudi Arabia

6.6.3.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.3.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.4.South Africa

6.6.3.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.4.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.5.United Arab Emirates

6.6.3.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.5.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

6.6.3.6.Others

6.6.3.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.6.3.6.2.Market Assessment and Forecast, By End-Use Type, 2014-2022 ($Million)

7.Company Profiles

7.1.Archer Daniels Midland

7.1.1. Business Overview

7.1.2. Product Portfolio

7.1.3. Key Financials

7.1.4. Strategic Developments

7.2.Roquette Freres

7.2.1. Business Overview

7.2.2. Product Portfolio

7.2.3. Strategic Developments

7.3.Cargill

7.3.1. Business Overview

7.3.2. Product Portfolio

7.3.3. Key Financials

7.3.4. Strategic Developments

7.4.Mitsubishi Chemical

7.4.1. Business Overview

7.4.2. Product Portfolio

7.4.3. Strategic Developments

7.5.Novaphene

7.5.1. Business Overview

7.5.2. Product Portfolio

7.5.3. Strategic Developments

7.6.SK chemicals

7.6.1. Business Overview

7.6.2. Product Portfolio

7.6.3. Strategic Developments

7.7.Endo Pharmaceuticals Inc.

7.7.1. Business Overview

7.7.2. Product Portfolio

7.7.3. Key Financials

7.7.4. Strategic Developments


Table of Figures

Table 1.Isosorbide Market, By Application ($Million), 2014-2022
Table 2.Polyethylene Isosorbide Terephthalate (PEIT) Market, By Region ($Million), 2014-2022
Table 3.Polycarbonate Market, By Region ($Million), 2014-2022
Table 4.Polyurethane Market, By Region ($Million), 2014-2022
Table 5.Polyester Polyisosorbide Succinate Market, By Region ($Million), 2014-2022
Table 6.Isosorbide Diesters Market, By Region ($Million), 2014-2022
Table 7.Google Glasses Market, By Region ($Million), 2014-2022
Table 8.Other Applications Market, By Region ($Million), 2014-2022
Table 9.Isosorbide Market, By End-Use Type ($Million), 2014-2022
Table 10.Resins & Polymers Market, By Region ($Million), 2014-2022
Table 11.Additives Market, By Region ($Million), 2014-2022
Table 12.Other End-Use Type Market, By Region ($Million), 2014-2022
Table 13.Isosorbide Market, By Region ($Million), 2014-2022
Table 14.North America Isosorbide Market, By Country, 2014-2022 ($Million)
Table 15.North America Isosorbide Market, By Application, 2014-2022 ($Million)
Table 16.North America Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 17.U.S. Isosorbide Market, By Application, 2014-2022 ($Million)
Table 18.U.S. Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 19.Canada Isosorbide Market, By Application, 2014-2022 ($Million)
Table 20.Canada Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 21.Mexico Isosorbide Market, By Application, 2014-2022 ($Million)
Table 22.Mexico Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 23.Europe Isosorbide Market, By Country, 2014-2022 ($Million)
Table 24.Europe Isosorbide Market, By Application, 2014-2022 ($Million)
Table 25.Europe Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 26.Germany Isosorbide Market, By Application, 2014-2022 ($Million)
Table 27.Germany Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 28.France Isosorbide Market, By Application, 2014-2022 ($Million)
Table 29.France Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 30.UK Isosorbide Market, By Application, 2014-2022 ($Million)
Table 31.UK Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 32.Italy Isosorbide Market, By Application, 2014-2022 ($Million)
Table 33.Italy Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 34.Spain Isosorbide Market, By Application, 2014-2022 ($Million)
Table 35.Spain Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 36.Russia Isosorbide Market, By Application, 2014-2022 ($Million)
Table 37.Russia Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 38.Rest of Europe Isosorbide Market, By Application, 2014-2022 ($Million)
Table 39.Rest of Europe Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 40.Asia-Pacific Isosorbide Market, By Country, 2014-2022 ($Million)
Table 41.Asia-Pacific Isosorbide Market, By Application, 2014-2022 ($Million)
Table 42.Asia-Pacific Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 43.Japan Isosorbide Market, By Application, 2014-2022 ($Million)
Table 44.Japan Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 45.China Isosorbide Market, By Application, 2014-2022 ($Million)
Table 46.China Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 47.Australia Isosorbide Market, By Application, 2014-2022 ($Million)
Table 48.Australia Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 50.India Isosorbide Market, By Application, 2014-2022 ($Million)
Table 51.India Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 52.South Korea Isosorbide Market, By Application, 2014-2022 ($Million)
Table 53.South Korea Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 54.Taiwan Isosorbide Market, By Application, 2014-2022 ($Million)
Table 55.Taiwan Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 56.Rest of Asia-Pacific Isosorbide Market, By Application, 2014-2022 ($Million)
Table 57.Rest of Asia-Pacific Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 58.Rest of the World Isosorbide Market, By Country, 2014-2022 ($Million)
Table 59.Rest of the World Isosorbide Market, By Application, 2014-2022 ($Million)
Table 60.Rest of the World Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 61.Brazil Isosorbide Market, By Application, 2014-2022 ($Million)
Table 62.Brazil Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 63.Turkey Isosorbide Market, By Application, 2014-2022 ($Million)
Table 64.Turkey Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 65.Saudi Arabia Isosorbide Market, By Application, 2014-2022 ($Million)
Table 66.Saudi Arabia Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 67.South Africa Isosorbide Market, By Application, 2014-2022 ($Million)
Table 68.South Africa Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 69.United Arab Emirates Isosorbide Market, By Application, 2014-2022 ($Million)
Table 70.United Arab Emirates Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 71.Others Isosorbide Market, By Application, 2014-2022 ($Million)
Table 72.Others Isosorbide Market, By End-Use Type, 2014-2022 ($Million)
Table 73.Archer Daniels Midland: Key Strategic Developments, 2015-2017
Table 74.Roquette Freres: Key Strategic Developments, 2015-2017
Table 75.Cargill: Key Strategic Developments, 2015-2017
Table 76.Mitsubishi Chemical: Key Strategic Developments, 2015-2017
Table 77.Novaphene: Key Strategic Developments, 2015-2017
Table 78.SK chemicals: Key Strategic Developments, 2015-2017
Table 79.Endo Pharmaceuticals Inc.: Key Strategic Developments, 2015-2017

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