Polyoxyethylene Sorbitan Monostearate Market: Global Trends and Growth Analysis During 2023-33

Research from Future Market Insights predicts that the Polyoxyethylene Sorbitan Monostearate market will expand at a CAGR of 3.50% over the forecasted time period. By 2033, the market value is expected to have increased from US$ 802.6 million to US$ 1,132.2 million. At the end of 2021, the market for polyoxyethylene sorbitan monostearate was valued at US$ 764.4 Mn, and it is expected to grow at a CAGR of 5.0% from 2016 to 2021.

Polyoxyethylene sorbitan monostearate is extensively used as emulsions as they help to reduce the surface tension of the constituents that needs to be emulsified. Polyoxyethylene sorbitan monostearate being a non-ionic emulsifier, it is used to disperse oil in water and acts as a surfactant and thus finding extensive use in pharmaceutical and cosmetics industry.

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Global Polyoxyethylene Sorbitan Monostearate Market: Drivers and Restraints

Increasing demand for compounds with versatile properties among manufacturers represents opportunitisc platform for the growth of polyoxyethylene sorbitan monostearate market. In food and beverage industry it offers broad spectrum of applications such as it prevents staling of the baked products, being emulsifier it helps prevent oil separation from artificial whipped cream and helps to stabilise the colour additives along with other ingredients throughout the mixture. Thereby enhancing the texture and quality of food products, contributing to the growth of polyoxyethylene sorbitan monostearate market.

Characteristics properties of polyoxyethylene sorbitan monostearate such as thickening agents and ability to reduce surface tension is widely used in skin care formulas and other personal care products such as lotions, shampoos, creams and fragrance powders among others. With increasing inclination of consumers towards better and enhanced personal care products, demand for polyoxyethylene sorbitan monostearate as thickening agent is expected to grow significantly in the forthcoming years.

Moreover, due to other peculiar properties of polyoxyethylene sorbitan monostearate such as lubricating agents and gelling agents, it is predominantly used in the manufacturing of pills and capsules and also helps to prolong the shelf life of certain medicines. Hence, spurring the demand for polyoxyethylene sorbitan monostearate market across industrial applications.

However, excessive consumption of products containing polyoxyethylene sorbitan monostearate may cause diarrhoea, abdominal discomfort among others. Hence, may affect the growth of polyoxyethylene sorbitan monostearate market. Moreover, polyoxyethylene sorbitan monostearate may have animal derived source, hence vegan population may abstain from consumption of such products. Thereby, hampering the growth of polyoxyethylene sorbitan monostearate market.

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Global Polyoxyethylene sorbitan monostearate Market: Region wise Outlook

The global polyoxyethylene sorbitan monostearate market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and North America. North America accounts for major share of the polyoxyethylene sorbitan monostearate market.

With increasing inclination of consumers towards personal care products and processed food, demand for emulsifying agents and gelling agents is expected to increase significantly, thereby, propelling the growth of polyoxyethylene sorbitan monostearate market.

Asia Pacific represents opportunistic platform for the growth of polyoxyethylene sorbitan monostearate market. Growth of Polyoxyethylene sorbitan monostearate market in Asia Pacifc is due to flourishing trade options along with increasing demand for compounds with versatile characteristics among end user industries.

Global Polyoxyethylene sorbitan monostearate Market: Key Players

Some of the prominent players identified in the global polyoxyethylene sorbitan monostearate market includes

• Kao Group
• Sigma-Aldrich Co. LLC.
• Sisco Research Laboratories Pvt. Ltd.
• Merck KGaA
• Spectrum Chemical Manufacturing Corp.
• Amresco LLC
• Croda International Plc
• Evonik Industries AG
• CISME ITALY S.R.L.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2012 – 2016
• Market Size & Forecast 2017 to 2027
• Supply & Demand Value Chain
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis for Market includes

• North America
• Latin America
• Europe
• Asia Pacific & Japan
• The Middle East and Africa

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Global Polyoxyethylene Sorbitan Monostearate Market: Segmentation

On the basis of end-use, polyoxyethylene sorbitan monostearatemarket is segmented into:-

• Food & Beverage
• Personal Care
• Pharmaceutical
• Textile
• Others

On the basis of applications, polyoxyethylene sorbitan monostearateis segmented into:-

• Emulsifier
• Stabilizing agent
• Thickening agents
• Gelling agents
• Lubricants

On the basis of form, polyoxyethylene sorbitan monostearateis segmented into:-

• Liquid
• Paste

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.