Industry Background:
Sorbitan esters are surfactants that are soluble in oil and used to prepare sable water in oil emulsions and used in combination with higher HLB surfactants. The rising demand for clean labels in food and beverages is the factor driving the market growth. For instance, Croda International, a key market player has recently launched its range of bio-based surfactants to meet the increasing demand for sustainable high-performance ingredients.
This growth is primarily driven by The Growing Inclination toward Clean Labelling has fostered an Increase in the Demand for Bio-Based Surfactants, Rapid Growth in Industrialization and Urbanization over the Globe and Increasing Usage of Sorbitan Esters in Food and Healthcare Products.
Globally, a noticeable market trend is evident The Popularity of the Sorbitan Esters as it Provides Efficient Processing
. Major Vendors, such as Oleon NV (Belgium), Ivanhoe Industries Inc. (United States), SABO S.p.A. (Switzerland), SEPPIC (France), Lonza Group AG (Switzerland), Croda International (United Kingdom), Clariant AG (Switzerland), Silver Fern Chemical Inc. (United States), AkzoNobel (Netherlands), Ashland Global (United States) and Guangdong Runhua Chemistry Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd November 2021, Lonza announced the acquisition of the service unit from Exosomics. The acquisition includes the Exosomics services team, services assets, and laboratories. Lonza has been a minority shareholder of Exosomics since 2017 and will remain a shareholder after the acquisition unit is complete.
Market Drivers
- The Growing Inclination toward Clean Labelling has fostered an Increase in the Demand for Bio-Based Surfactants
- Rapid Growth in Industrialization and Urbanization over the Globe
- Increasing Usage of Sorbitan Esters in Food and Healthcare Products
Market Trend
- The Popularity of the Sorbitan Esters as it Provides Efficient Processing
- Demand for Cosmetic Products
Restraints
- Problems Related to Harmful Effects of Excessive Usage of Chemicals in Personal Care Products
- Concerns Regarding the use of Synthetic Based Surfactants
Opportunities
Increasing Demand for Food Additives and Food Emulsifiers and Surging Popularity of Plant-based Ingredients in Developing Countries and Rising Usage of Sorbitan Esters in Pharmaceuticals
Challenges
Regulatory Guidelines on the Use of Chemicals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sorbitan Ester Study Sheds Light on
The Sorbitan Ester Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sorbitan Ester industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sorbitan Ester industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.