According to research by Future Market Insights, The Sorbitan oleate market is anticipated to expand at a CAGR of 4.40%during the forecasted period. According to Forecasts, the market would be worth US$ 908.9 Million by 2033, up from US$ 590.9 Million in 2023.
| Attributes | Details |
|---|---|
| Market size value in 2023 | US$ 590.9 Million |
| Market forecast value in 2033 | US$ 908.9 Million |
| Forecast period | 2023 to 2033 |
| Global growth rate (CAGR) | 4.40% |
| Share of Germany in The Sorbitan oleate Market | 24.40% |
Sorbitan is an isomeric organic chemical molecule that is generated when sorbitol is dehydrated. Sorbitans are commonly employed in the manufacture of surfactants and as an emulsifying agent. Sorbitan Oleate is used in culinary preparations such as sugar liquor & juice as an emulsifier and clarifying agent. The compound belongs to the Pentose family.
Sorbitan oleate is commonly used to make intermediates, lubricants and lubricant additives, solvents, and surface active agents. Sorbitan oleate is most commonly found in cleaning and furnishing care goods, textile, and leather goods, lubricants and liquids, paper products & personal care products.
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According to Future Market Insights, the Sorbitan oleate market was growing at a CAGR of 4.0% to reach USD 568.2 million in 2022 from USD 485.7 million in 2018.
The primary driver of the substance is its use as an emulsifier in cosmetics and therapeutic ointments and creams. These are also used as stabilizers in food products. Sorbitan oleate is a clarifying and emulsifying agent commonly found in culinary preparations such as sugar liquor and juice.
The Sorbitan oleate market is being driven by increased demand for consumer care and personal care products. The chemical is derived from plants. It is a liquid oil-in-emulsifier that is perfect for use in dispersible bath oils. The chemical, also known as a co-emulsifier, is used to make lotions and other emulsions.
The Sorbitan oleate market is growing rapidly across the globe due to its increasing use in various industries. North America is the leading region for this market, accounting for over 30% of the total global production. This strong foothold in the market can be attributed to the high demand from cosmetics and pharmaceuticals industry, as well as rising government funding for bio-based products development in this region.
The US and Canada are two major countries driving growth in this industry, with US being the largest consumer of sorbitan oleate followed by Canada. The presence of a large number of key players such as Croda International Plc., BASF SE, Solvay SA, Lubrizol Corporation, and Ashland Global Holdings Inc., along with supportive policies from governments has further contributed to North America’s dominance over other regions in terms of market share.
Europe is home to some of the world's most advanced and sophisticated economies, making it an attractive market for businesses looking to expand their product range. The Sorbitan Oleate is a widely used emulsifier in the cosmetics industry and Europe presents a lucrative opportunity for companies looking to increase sales.
As one of the world’s leading markets for personal care products, Europe is particularly well-positioned for companies wishing to introduce new ingredients such as Sorbitan Oleate. Businesses are likely to experience strong demand from both large multinationals and smaller niche enterprises due to the region’s diverse consumer base and established beauty culture. Additionally, many countries across Europe have adopted stringent regulations regarding cosmetic safety, making it easier for companies looking to integrate The Sorbitan Oleate into their product portfolios.
The Asia Pacific region has long been known for its economic prowess, but in recent years it has become increasingly clear that the region is emerging as an opportunistic market for sorbitan oleate. This natural emulsifier is a key ingredient in many household and industrial products, and its popularity is on the rise due to its broad range of applications.
As demand for sorbitan oleate continues to grow across the globe, countries like China and India are taking notice and investing heavily in this industry. The Chinese government, for example, recently announced plans to invest $10 billion into research on new uses for sorbitan oleate over the next five years. Additionally, several Indian companies have made major investments into manufacturing facilities dedicated solely to producing this ingredient.
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The personal care industry is experiencing strong growth due to the increasing demand for products such as soaps, lotions, cosmetics, and body washes. This has had a positive impact on the sorbitan oleate market as well. Sorbitan oleate is an emulsifying agent used in many personal care items to improve product stability, texture and consistency.
This polysorbate ester is widely used in products designed for skin care, hair care and oral hygiene--all of which are growing categories of personal care goods. Its versatility allows it to be used with both water-soluble and oil-soluble components in a variety of different formulations. Additionally, it provides excellent wetting properties without any harsh effect on the skin or eyes making it ideal for use in sensitive applications like baby shampoos.
Sorbitan oleate, a compound derived from sorbitol and fatty acids, is used in many applications across the world. It has been found to have numerous benefits in various industries, ranging from personal care products to food additives. As such, it is expected that the demand for sorbitan oleate will continue to grow in the coming years.
Research suggests that maximum growth of sorbitan oleate will be experienced by industrial applications due to its use as an emulsifier and dispersant in lubricants and coatings. This compound helps improve wetting properties of oil-based liquids, allowing them to spread further over surfaces without separating into multiple layers. Additionally, it reduces surface tension between two immiscible liquids that would otherwise not mix efficiently with each other.
The competitive landscape of the Sorbitan oleate market is an ever-evolving one, and it continues to change as new players enter the space. This market includes a variety of manufacturers, suppliers and retailers who are competing to provide customers with the best quality product at an affordable price. There are different types of Sorbitan oleate products in this market, each with its own characteristics and advantages. Depending on the product’s usage, diverse suppliers have emerged to compete for market share.
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| Attribute | Details |
|---|---|
| Forecast period | 2023 to 2033 |
| Historical data available for | 2018 to 2022 |
| Market analysis | USD million in value |
| Key regions covered | North America; Eastern Europe; Western Europe; Japan; South America; Asian pacific; Middle east and Africa |
| Key countries covered | USA, Germany, France, Italy, Canada, UK, Spain, China, India, Australia |
| Key segments covered | Application, Function, Distribution channel, Region |
| Key companies profiled | Burlington Chemical Company; Kao Chemicals; BASF; Jeen International; Kawaken Fine Chemicals; Zschimmer and Schwarz; Kao Chemicals; The Herbarie; Sabo; Protameen Chemicals; Comercial QuÃmica Massó; Nikkol; Taiwan Surfactant; Lonza; ErcaWilmar; Vantage Specialty Ingredients; Italmatch Chemicals; Oxiteno; Reachin Chemical; anyo Chemical Industries; Lakeland Chemicals; Solvay; Ecogreen Oleochemicals; Evonik |
| Report coverage | Market Forecast, Company Share Analysis, DROT Analysis, Market Dynamics, Competitive Landscape, Challenges, Strategic Growth Initiatives |
| Customization and Pricing | Available upon request |
The Sorbitan oleate market size is assessed to US$ 590.9 Million in 2023.
The Sorbitan oleate market is expected to rise at a CAGR of 4.40%.
USA, China, Canada, Germany, China, India, UK, Australia are the major countries driving demand for Sorbitan oleate market.
China Sorbitan oleate market is projected to grow at a CAGR of around 5.20% over the next ten years.
Market share of Germany in Sorbitan oleate market is about 24.40% of the global market.
Burlington Chemical Company , Kao Chemicals, BASF, Jeen International, Kawaken Fine Chemicals, Zschimmer and Schwarz are expected to be the top players driving the market growth.
The global Sorbitan oleate market is forecasted to surpass US$ 908.9 Million by the end of 2033.
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