Report Overview
-
Request a Free Sample to learn more about this report
The global ethoxylated sorbitan esters market size was USD 652.04 million in 2021. As per our research, the market is expected to reach USD 939.83 million in 2027, exhibiting a CAGR of 6.28% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with ethoxylated sorbitan esters market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Ethoxylated sorbitan esters are a group of chemical compounds commonly used in various industries, including food, pharmaceuticals, and cosmetics. They are a type of surfactant or emulsifier that helps to mix substances that do not normally combine, such as oil and water. These compounds are produced by reacting sorbitan, a derivative of sorbitol (a sugar alcohol), with ethylene oxide. The number of ethylene oxide units added to sorbitan determines the specific type and properties of the ethoxylated sorbitan ester.
The market for ethoxylated sorbitan esters has been experiencing steady growth due to the increasing demand for emulsifiers and surfactants across various industries. This growth is driven by factors such as the expanding pharmaceutical and cosmetics sectors, growing food and beverage production, and the need for specialized chemicals in various manufacturing processes.
COVID-19 Impact: Pandemic Hampered the Market Demand Due to Supply Chain Disruptions
The pandemic led to disruptions in global supply chains due to lockdowns, factory closures, and transportation restrictions. This affected the sourcing of raw materials and the production of ethoxylated sorbitan esters. The demand for ethoxylated sorbitan ester varied across different industries. For instance, the pharmaceutical and healthcare sectors experienced increased demand for medications and vaccines, which may have driven up the need for certain sorbitan esters. Conversely, the cosmetics and personal care industry saw reduced demand as people stayed home. Manufacturing facilities faced challenges in maintaining operations while adhering to safety protocols and social distancing measures. This could have affected production capacities and led to delays in fulfilling orders. Changes in supply and demand dynamics, coupled with the uncertainty of the pandemic, may have led to price fluctuations in the market. Some manufacturers may have adjusted their production to meet the specific needs arising from the pandemic, such as producing hand sanitizers and disinfectants that contain sorbitan esters.
Latest Trends
"Increasing Demand for Clean Label Ingredients to Fuel Market Growth"
Consumers are increasingly looking for clean and natural ingredients in their products. Manufacturers may respond by using ethoxylated sorbitan esters as emulsifiers in formulations where a natural or clean label is desired. Polysorbates are commonly used in the pharmaceutical industry as excipients in drug formulations. As the pharmaceutical sector continues to grow, the demand for ethoxylated sorbitan ester for use in drug delivery systems and other applications may also increase. Polysorbates are utilized in the formulation of cosmetics and personal care products, including skincare and haircare. The market may see trends toward using these ingredients in formulations for natural and organic products. Polysorbates are used as food emulsifiers to improve the texture and stability of various products. As consumers seek more natural and healthier food options, there may be a shift towards cleaner-label emulsifiers in this industry. With growing environmental concerns, there might be an increased interest in biodegradable and sustainable alternatives to traditional ethoxylated sorbitan ester. Manufacturers may innovate to produce more eco-friendly versions of these surfactants.
Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into Food Grade, Industrial Grade, Pharmacy Grade.
- By Application Analysis
Based on application, the market can be divided into Food & Beverages, Health & Personal Care, Pharmaceutical, Agriculture/ Animal Feed/ Poultry, Others.
Driving Factors
"Growing Cosmetics and Personal Care Industry to Drive Market Growth"
Ethoxylated sorbitan esters are commonly used in cosmetics and personal care products as emulsifiers, stabilizers, and solubilizers. With the increasing focus on personal grooming and appearance, the cosmetics industry continues to expand, boosting the demand for these ingredients. Ethoxylated esters are used in pharmaceutical formulations to enhance the solubility and stability of certain drugs. The pharmaceutical industry's growth, driven by increasing healthcare needs and R&D activities, contributes to ethoxylated sorbitan esters market growth. In the food and beverage sector, sorbitan esters are used as emulsifiers in products such as salad dressings, ice creams, and baked goods. As consumer preferences shift toward convenience foods and processed products, the demand for these ingredients grows.
"Increasing Demand in End-Use Industries to Accelerate Market Demand"
Ethoxylated sorbitan esters find extensive applications in industries such as cosmetics, pharmaceuticals, food and beverages, and agrochemicals. The growth of these industries and their need for surfactants and emulsifiers drive the demand for sorbitan esters. As consumers become more conscious of the ingredients in the products they use, there is a growing preference for natural and safe ingredients. Ethoxylated sorbitan ester, when derived from sustainable and renewable sources, can align with these preferences.
Restraining Factor
"Regulatory Challenges to Restrict Market Growth "
Ethoxylated sorbitan esters may be subject to regulatory restrictions and guidelines, especially in industries like pharmaceuticals and food. Changes in regulations or the introduction of new compliance requirements can create challenges for manufacturers and users. There have been concerns and debates regarding the safety of certain ethoxylated sorbitan ester, particularly in cosmetics and personal care products. This can lead to consumer skepticism and impact market demand.
Regional Insights
-
Request a Free Sample to learn more about this report
"Asia Pacific Anticipated to Drive Market owing to Presence of Key Players "
Asia Pacific holds leading position in ethoxylated sorbitan esters market share. The region, particularly China, Japan, and India, has been experiencing substantial growth in various industrial sectors. As a result, the demand for sorbitan esters in applications like agriculture, textiles, and cosmetics has been on the rise. The region has growing markets for cosmetics, pharmaceuticals, and food products, which utilize sorbitan esters. The increasing population and urbanization in these regions further boost demand.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are BASF, Kao Chemicals, Oxiteno, Avantor, Evonik Industries, Guangdong Runhua Chemistry, Nanjing Well Pharmaceutical, Lonza, NOF Corporation. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- BASF (Germany)
- Kao Chemicals (Japan)
- Oxiteno (Brazil)
- Avantor (U.S.)
- Evonik Industries (Germany)
- Guangdong Runhua Chemistry (China)
- Nanjing Well Pharmaceutical (China
- Lonza (Switzerland)
- NOF Corporation (Japan)
Report Coverage
This report examines an understanding of the ethoxylated sorbitan esters market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 652.04 Million in 2021 |
Market Size Value By |
US$ 939.83 Million by 2027 |
Growth Rate |
CAGR of 6.28% from 2021 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the global Ethoxylated sorbitan esters market expected to touch by 2027?
The global ethoxylated sorbitan esters market is expected to touch USD 939.83 million by 2027.
-
What CAGR is the ethoxylated sorbitan esters market expected to exhibit during 2021-2027?
The ethoxylated sorbitan esters market is expected to exhibit a CAGR of 6.28% over 2021-2027.
-
Which are the driving factors of the ethoxylated sorbitan esters market?
Increasing demand for clean label ingredients and growing cosmetics and personal care industry are the driving factors of the ethoxylated sorbitan esters market.
-
Which are the top companies operating in the ethoxylated sorbitan esters market?
BASF, Kao Chemicals, Oxiteno, Avantor, Evonik Industries, Guangdong Runhua Chemistry, Nanjing Well Pharmaceutical, Lonza, NOF Corporation are some of the key players functioning in the ethoxylated sorbitan esters market.