Polyoxyethylene Sorbitan Monostearate Market Analysis
Polyoxyethylene sorbitan monostearate is a yellow-brown colored emulsifier, obtained by reaction between sorbitol, anhydride and ethylene oxide. It is commercially available as stearic acid, found in vegetable and other types of oils. Emulsifiers are used in various industrial applications. They are hydrophilic and hydrophobic in nature. Polyoxyethylene sorbitan monostearate is also known as polysorbate 60, which falls under the category of synthetic compound. Polyoxyethylene sorbitan monostearate is widely 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 which is used to disperse oil in water and acts as a surfactant, and thus has gained widespread use in the medical and cosmetics industry.
COVID-19 Scenario Analysis:
The outbreak of the COVID-19 pandemic has impacted the global polyoxyethylene sorbitan monostearate market to a great extent.
- The sale of lubricants has decreased due to global economic slowdown caused by the pandemic. This has led to a steep fall in the demand for polyoxyethylene sorbitan monostearate, as it is a major player in the manufacturing of lubricants.
- Polyoxyethylene sorbitan monostearate is used as a chemical or additive in the food & beverage industry but during lockdown, sales of these additive products decreased, so there was a significant depreciation in the polyoxyethylene sorbitan monostearate market
- Basic needy items, made with the use of polyoxyethylene sorbitan monostearate, such as washing powder, soaps, and shampoo, were in demand during the lockdown. Hence, there was a moderate decline in the polyoxyethylene sorbitan monostearate due to the pandemic.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
One of the major factors responsible for driving the growth of global polyoxyethylene sorbitan monostearate market is the increase in demand for lubricants in the automotive industry. Polyoxyethylene sorbitan monostearate plays a vital role in the manufacturing of lubricants. In the food & beverage industry, it is used in improving the quality and texture of food products, contributing toward the market growth of polyoxyethylene sorbitan monostearate. Due to the properties of polyoxyethylene sorbitan monostearate, such as ability to reduce ground tension and thickening agents, it is widely used in personal care products and in skin care formulas such as shampoos, lotions, creams and perfume powders. In addition, polyoxyethylene sorbitan monostearate can be an animal-derived source, which is why vegan populations can prevent the use of these products. This disrupts the market growth of polyoxyethylene sorbitan monostearate
In terms of market share, the Asia-Pacific region exhibits dominance across the globe due to the presence of the wide industry of pharmaceutical, cosmetics, and textile markets. India is having one of the biggest textile industries across the globe, and China and Japan are the biggest consumers of polyoxyethylene sorbitan monostearate across the globe.
Key Benefits of the Report:
- This study presents the analytical depiction of the polyoxyethylene sorbitan monostearate industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polyoxyethylene sorbitan monostearate market share.
- The current market is quantitatively analyzed to highlight the global polyoxyethylene sorbitan monostearate market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global polyoxyethylene sorbitan monostearate market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Polyoxyethylene Sorbitan Monostearate Market Research Report:
- What are the leading market players active in the polyoxyethylene sorbitan monostearate market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Polyoxyethylene Sorbitan Monostearate Market Report Highlights
By End Use Industry
Key Market Players
Amresco LLC, CISME ITALY S.R.L, Sigma-Aldrich Co. LLC., Kao Group, Merck KGaA, Sisco Research Laboratories Pvt. Ltd., Croda International Plc, Evonik Industries AG, Spectrum Chemical Manufacturing Corp.