Type: PDF
Status: Published
Categories: Chemicals And Materials
Report Code : MC23
No. of Pages : 350
The global Polyoxyethylene Sorbitan Monostearate market is expected to grow at a CAGR of 4.20% from 2023 to 2031 to reach USD 1183.81 million by 2031.
Polyoxyethylene sorbitan monostearate is a yellow-brown coloured emulsifier, prepared by a reaction between sorbitol, anhydride, and ethylene oxide. It is commercially available as stearic acid, found in vegetables and other types of oils. Emulsifiers are used in several industrial applications. These are hydrophilic and hydrophobic in nature. Polyoxyethylene sorbitan monostearate is also identified as polysorbate 60, which falls under the category of a synthetic compound. Polyoxyethylene sorbitan monostearate is commonly used as an emulsifier as it helps reduce the surface hardening of the areas that need to be emulsified. Polyoxyethylene sorbitan monostearate is a non-ionic emulsifier that is used to disperse oil in water and acts as a surfactant and thus has gained widespread use in the medical and cosmetics businesses.
Market Dynamics
The key factor responsible for driving the development of the worldwide polyoxyethylene sorbitan monostearate marketplace is the upsurge in demand for lubricants in the automotive industry. Polyoxyethylene sorbitan monostearate plays a crucial role in the manufacturing of lubricants. In the food & beverage business, it is used in improving the quality and texture of food products, contributing toward the marketplace development of polyoxyethylene sorbitan monostearate.
The properties of polyoxyethylene sorbitan monostearate, such as the ability to reduce ground tension and thickening agents, it is extensively used in personal care products and in skin care formulas such as shampoos, lotions, creams, and perfume powders. Furthermore, polyoxyethylene sorbitan monostearate can be an animal-derived source, which is why veggie populations can prevent the use of these products. This disrupts the marketplace development of polyoxyethylene sorbitan monostearate
In terms of market share, the Asia-Pacific region exhibits dominance across the world due to the presence of the wide industry of pharmaceutical, cosmetics, and textile markets. India is having one of the biggest textile industries in the world, and China and Japan are the biggest consumers of polyoxyethylene sorbitan monostearate across the world.
Consuming too many active ingredients Polyoxyethylene Sorbitan monostearate might very well result in diarrhea and other stomach discomforts. Consequently, this could have an impact on the market for Polyoxyethylene Sorbitan monostearate.
Moreover, Polyoxyethylene Sorbitan monostearate might come from an animal, so vegans might avoid consuming such products thus, impeding the market's expansion for Polyoxyethylene Sorbitan monostearate.
Market Segmentation
Market segmentation of the polyoxyethylene sorbitan monostearate market industry is carried out on the Type, Applications, End user industry, Distribution channel as well as regions.
Type Outlook
The segmentation by type is carried out under Liquid, and Paste. The liquid segment is expected to boost its revenue during the forecast period. The factors attributed to the growth of liquid segment is high demand from various industry. The liquid segment is followed by paste segment and anticipated to grow high during the forecast period. Due to high demand from food industry.