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Global Isosorbide Market - Industry Outlook, Size,Share, Growth Prospects, Key Opportunities, Trends and Forecasts, 2014 To 2020

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.

 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 bio-based 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.

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