Sorbitan Monostearate Market Size, Share & Industry Analysis, By Type (Food Grade Sorbitan Monostearate, Industrial Grade Sorbitan Monostearate, Medicine Grade Sorbitan Monostearate, Others), By Application (Cosmetics, Pharmaceuticals, Food Industry, Leather, Coatings, Plastics, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The sorbitan monostearate appears as a white or yellow colour powder. It is made from the mixture of sorbitol and stearic acid, in which sorbitol is dehydrated into a substance called sorbitan, then stearic acid is added to create a mix of sorbitan esters. The sorbitan monostearate also referred to as a synthetic wax, is mainly utilized as an emulsifier to keep oil and water mixed. Additionally, the product is a non-ionic surfactant and offers emulsifying, dispersing, and wetting properties. These properties surge the demand for sorbitan monostearate in various applications which include cosmetics, pharmaceuticals, bakery and confectionary, coating, and plastic.
The rising demand for the sorbitan monostearate in the food and leather applications will fuel the market growth. The sorbitan monostearate is used as an emulsifier and thickening agent in the food applications. It is mainly used in cake icing, pudding, imitation whipped cream, non-dairy creamers, yeast, and baked goods. Whereas, in the leather industry, the product is employed to create synthetic fibers, metal machining fluid, and brighteners. The rapidly expanding food chain coupled with rising demand for leather products such as belts and shoes will surge the product demand. Hence, the increasing demand for the product will propel the sorbitan monostearate market growth during the forecast timeline.
However, the high demand for sorbitan monostearate causes unavailability sometimes. This restricts its adoption in various applications and is anticipated to restrain market growth.
Key Market Driver -
The rising demand for sorbitan monostearate in food and leather applications will fuel the market growth.
Key Market Restraint -
Lack of availability to restrict the market growth
Market Segmentation:
Based on type, the sorbitan monostearate market is segmented into food grade sorbitan monostearate, industrial grade sorbitan monostearate, medicine grade sorbitan monostearate, and others. Based on application, the market is segmented into cosmetics, pharmaceuticals, food industry, leather, coatings, plastics, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the sorbitan monostearate market include World Chem Industries, Estelle Chemicals Pvt.Ltd, Plus Chem, Akhil Healthcare, Jeevika Yugchem Private Limited, Mohini Organics Pvt Ltd, Triveni Interchem Pvt. Ltd, A.B Enterprises, Fine Organics, Krishna International, Shree Chemicals Industries Pvt. Ltd and Savannah Surfactants Ltd
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness the highest growth in the sorbitan monostearate market. The growth is attributed to the rapid growth in the pharmaceutical industry, thereby surge the lucrative product demand in this region. The increasing use of the product in the cosmetics products will fuel the market growth in North America. In Europe, the growth is due to the rising use of the product in food products such as bakery and confectionery. The Middle East & Africa is anticipated to witness significant growth, owing to the rapid growth in the leather industry.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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