is a white heterocyclic compound that is mainly derived from glucose and widely used in different medical applications. It is used in preparation of diuretic drug and employed in the treatment of diseases such as glaucoma and hydrocephalus. It is usually used in the form of polymers such as polycarbonates, polyesters in various applications such as liquid crystal displays in pharmacy, farm chemicals and fodder amongst others. Availability of a huge unexploited market for healthcare industry is the major growing opportunity for the isosorbide market.
Globally, rapidly increasing utilization of isosorbide in polymers and elastomers and growing bio-based plastics manufacturing capacity are driving the market for isosorbide market. However, the food and fuel debate for raw materials is the key restraint for the growth of isosorbide market.
This report identifies the global isosorbide market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to isosorbide market.
Geographically, Asia Pacific dominated the Global Isosorbide Market, and is projected to have fastest growth followed by North America, Europe and Rest of the World (RoW). In terms of volume, global isosorbide market is dominated by the Asia Pacific region with the largest share primarily driven by strong demand from China owing to low labor and raw material cost. Europe is expected to follow Asia Pacific in 2014 and North America is expected to have significant a growth during the estimated years between 2016 and 2021.
In the applications segment, PEIT is expected to be the largest and fastest growing segment of isosorbide market in 2014. Polycarbonate, isosorbide diesters and polyurethane application segments are expected to exhibit moderate growth over the forecast period due to the consistent efforts in R&D activities for isosorbide applications.