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Global Sorbitol Market Is Expected To Reach USD 3 Billion In 2018: Transparency Market Research

ALBANY, New York, February 18, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( " Global Sorbitol Market - Isosorbide, Propylene Glycol, Glycerol & Other Downstream Opportunities, Applications (Toothpaste, Vitamin C, Sweetener etc.), Size, Share, Growth, Trends and Forecast, 2012 - 2018," sorbitol demand was 1,699.7 kilo tons in 2011 and is expected to reach 2,148.9 kilo tons in 2018, growing at a CAGR of 3.4% from 2012 to 2018.

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Sorbitol is being increasingly explored as a platform chemical for production of polyols such as ethylene glycols, propylene glycols and glycerols which are predominantly derived from petrochemicals. Sorbitol's product base is more or less the same as compared to polyols and isosorbides. Thus, the increasing application scope for polyols and isosorbides provides significant potential for sorbitol downstream processing.

Key products analyzed and estimated in this study include liquid/syrup and crystal/powder sorbitol. Liquid sorbitol presently dominates the product market and accounted for 83.3% of the overall demand in 2011. Key applications analyzed and estimated in this study include toothpaste, Vitamin C, diabetic & dietetic F&B and surfactants. Diabetic & dietetic F&B and toothpaste are key applications for sorbitol and accounted for 23.6% and 21.3% of the overall demand in 2011. Vitamin C application follows diabetic & dietetic F&B and toothpaste and in terms of volumes, is expected to grow at a CAGR of 3.5% from 2012 to 2018.

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In terms of consumption, Asia Pacific dominates the global market and accounted for over 50% of the overall demand in 2011, this demand is mainly distributed across China, Japan, India and Indonesia. Increasing demand for low calorie sweeteners, especially from the U.S. and the European Union is expected to drive sorbitol demand over the next five years. European sorbitol revenues are expected to grow at a CAGR of 12.5% from 2012 to 2018. However, product pricing has emerged as a key challenge to the industry, with bulk prices soaring by over 20% from the 2010 levels. Price fluctuations have primarily been caused by poor weather forecasts and tight inventories owing to the rising demand in increasing applications across various domains. Recent volatility in basic raw material prices in recent times has emerged as a critical challenge for this market.

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