According to the MRFR analysis, the global Isosorbide Market was valued at USD 420 million in 2019 and is projected to witness a CAGR of over 8% during the forecast period, 2020–2027.
Isosorbide isa bio-based, cycloaliphatic monomer obtained from sorbitol dehydration. This dehydration reaction also produces several other singly dehydrated by-products, as well as unidentified oligomeric species.
The protuberant factor driving the growth of the global Isosorbide Market is the increasing demand for isosorbide in the bioplastics and coatings industries, prominently in Asia-Pacific and Europe. Bioplastics derived from isosorbide serve a large number of industries including packaging, automotive, consumer electronics, and sports goods. With diversifying application segments such as automotive transportation and building construction, the growth is expected to rise exponentially in the years to follow. Moreover, increasing use of isosorbide in the formulation of bio-based coating resins is expected to be the other key factor driving the Isosorbide Market growth. Isosorbide, as a monomer or through its derivatives, is particularly adapted to reactive coatings. It enhances the coating properties and meets the stringent Government regulations and industry initiatives for creation of more sustainable coatings, thus reducing levels of volatile organic compounds (VOCs).
However, the high cost of manufacturing isosorbide and biodegradable plastics is one of the key restraining factors for the market growth. Nevertheless, the technological advancements and increasing investments in the field of bioplastics is likely to fuel the market growth during the forecast period.
Get Sample Report-https://www.marketresearchfuture.com/sample_request/10537
Polymers and Coating: The segment held the largest share of the market, around 70 to 75%, in 2019. Isosorbide is used as building blocks in polymer synthesis of performance plastics such as thermoplastics (polyesters, polycarbonates, and thermoplastic polyurethanes) and curable resins (polyurethanes, unsaturated resins, epoxy resins, and coatings). Isosorbide-based polymers exhibit several excellent properties ranging from their optical clarity to their strong resistance to UV irradiation, heat, chemical degradation, impact, and abrasion.
The addition of isosorbide (up to 10%) in polyesters increases the glass transition temperature, produces better heat resistance, better optical clarity to the plastic, and increases the stiffness of the PET chains. Moreover, addition of isosorbide in polyesters makes the plastic suitable for replacement of BPA based PC for food contact applications. Isosorbide containing polycarbonates offer significantly increased properties like mechanical strength, heat resistance, and optical properties with resulting properties between usual Polycarbonate and PMMA.
In the coating resins, isosorbide is safe and helps to enhance PU coating properties such as scratch and impact resistance and adhesion. In epoxy resins, its derivative shows a good UV resistance.
Pharmaceuticals: Isosorbide is used as a diuretic and as a cure for heart problems (as isosorbide dinitrate). Isosorbide mononitrate is used to prevent angina attacks (chest pain), it dilates (widens) blood vessels, making it easier for blood to flow through them and easier for the heart to pump. In addition, isosorbide is a commercial medicine for Meniere’s disease, and its nitric acid ester is used to treat angina pectoris.
Others: The others segment includes solvents, adhesives sealants, and sports leisure goods
Europe: Western European countries, including Germany, France, and UK, are the major contributors to the regional market growth. The established food beverage industry is expected to support the demand for isosorbide in the regional Isosorbide Market during the forecast period. Stringent regulations pertaining to the use of VOC coatings and the increasing preference for bioplastics have been driving the demand for the isosorbide in the region.
Asia-Pacific: Asia-Pacific is the largest and fastest-growing regional Isosorbide Market for isosorbide, with China and India being the leading country-level markets. The plastic manufacturing companies in Europe, the US, and Japan have commercialized production of biodegradable polymers, and production has shifted to Asia, due to the low cost and convenience of feedstock acquisition. Considering the established manufacturing base and the increasing demand for bioplastics globally, the demand for isosorbide in the regional Isosorbide Market is expected to increase multifield in the years to follow.
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)