Sorbitan Esters Market size is estimated to reach $1.37 Billion by 2025 and is poised to grow at a CAGR of 5.07% during the forecast period 2020-2025. Sorbitan esters are the non-ionic surfactants, which act as Emulsifying agents in the preparation of creams, emulsions, and ointments for pharmaceutical and cosmetic use. They are also used as emulsifiers in food. They are frequently used in the combination with their Ethoxylates to produce water-in-oil or oil in water emulsions. The rising use of Sorbitan esters across a wide range of applications such as food & beverage, pharmaceutical, and personal care, and others, is projected to fuel the growth of the market. Also, rising demand for bio based surfactants in light of key regulations and environmental concerns is likely to boost the growth of the global Sorbitan esters market over the forecast years 2020-2025.
Sorbitan Esters Market Segment Analysis - By Product Type
The global Sorbitan Esters Market based on Mode of Product Type, can be further segmented into Sorbitan Monostearate, Sorbitan Monooleate, Sorbitan Monopalmitate, Sorbitan Monolaurate, Sorbitan Sesquioleate, Sorbitan Trioleate, and Sorbitan Tristearate. Sorbitan Monostearate segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the rising demand of Sorbitan Monostearate, as it acts as stabilizing agent for the wide range of food products.
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Sorbitan Esters Market Segment Analysis - By End-Use
The global Sorbitan Esters Market based on Mode of End-Use, can be further segmented into Cosmetics and Personal Care Products, Food and beverages, Industrial, Pharmaceutical, and others. The Food and beverages segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to the Sorbian esters usage in food industry, mostly in margarine and chocolate production, where a high affinity for the fats is desired. The Sorbitan esters are widely used as emulsifiers in food industry for salad dressing, which is the major reason for driving the segment.
Sorbitan Esters Market Segment Analysis - By Geography
The global Sorbitan Esters Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Europe registered for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the rising demand for personal care and beauty products along with the increasing expenditure in pharmaceutical industry in the region. However, Asia-Pacific is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the increasing demand for food emulsifier and food additives, coupled with the rise in disposable income in the region.
Sorbitan Esters Market Drivers
Rise in Demand
The global Sorbitan Esters Market is driven by the rising demand for the bio based surfactants in view of the key regulations and the environmental concerns around the globe. Moreover, growing demand of Sorbitan esters across a wide range of applications such as food & beverage, pharmaceutical, and personal care, and others, is projected to augment market demand over the forecast period 2020-2025.
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Sorbitan Esters Market Challenges
Lack of high compound loading capacity
The low compound loading capacity and the leakage during the storage in lipid-based Nano carriers even after their use in the pharmaceutical research are the major factors, which are projected to hamper the market growth. However, the usage of the synthetic based surfactants is acting as a major challenge for the growth of the Sorbitan Esters Market during the forecast period 2020-2025.
Sorbitan Esters Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Sorbitan Esters Market. Key companies of this market Croda International Plc, Clariant AG, AkzoNobel N.V, Ashland Inc, Evonik Industries, PolyOne Corporation, DuPont, Addcomp Holland, Lonza Group, and PCC Chemax Inc.
Acquisitions/Product Launches:
In September 2020, Clariant AG has launched Hostaphat 1738, which offers superior sustainability with 50% bio-based content and 40% less phosphorous than traditional products.
In December 2019, DuPont and IFF announced that they have entered into a definitive agreement, for creating a high-value ingredients and solutions for global Food & Beverage, Home & Personal Care and Health & Wellness markets.
Key Takeaways
Geographically, the Europe area is poised to see extraordinary development owing to the rising demand for personal care and beauty products along with the increasing expenditure in pharmaceutical industry in the region and is set to continue during forecast period 2020-2025.
The global demand for the Sorbitan Esters Market is owing to the rising demand for the bio based surfactants in view of the key regulations and the environmental concerns around the globe.
The low compound loading capacity and the leakage during the storage in lipid-based Nano carriers even after their use in the pharmaceutical research is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Sorbitan Esters Market report.
Related Reports :
A. Emulsifiers Market
https://www.industryarc.com/Report/11704/emulsifiers-market-analysis.html
B. Ethoxylates Market
https://www.industryarc.com/Report/15837/ethoxylates-market.html
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