London, 02 January 2015– Increasing demand for isosorbide from the polymer industry has resulted in the growth of the Global Isosorbide Market, which is expected to post a CAGR of 19.78 percent from 2015-2019, says research firm TechNavio.
Isosorbide is gaining popularity on a global level because of its ability to create sustainable polymers with enhanced technical performance. Its sustainable chemistry is attracting increased investments in R&D for the development of new isosorbide products from major multinational companies like ADM, Mitsubishi Chemicals and SK Chemicals.
“The sustainability of isosorbide-based products in various end-use applications is opening new growth avenues in the Global Isosorbide Market,” says Faisal Ghaus, Vice President of TechNavio.
Additionally, consumer preference for safe and renewable products is helping to drive demand for isosorbide, and, in turn, increase market growth. The continuous efforts to reduce dependence on petroleum feedstock have had a favorable impact on the market.
“Government initiatives promoting the use of sustainable materials for end-user applications are encouraging the adoption of isosorbide in bioplastics. These initiatives are also expected to present new growth opportunities for vendors in the coming years,” says Ghaus.
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