Global Sorbitan Esters Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : FMCG Date : March 19th, 2019
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The global sorbitan esters market is likely to generate a demand of USD 1,372.6 million by 2024, at a CAGR of 5.07 % over the next seven years. Growing use of sorbitan esters across a wide range of applications such as food & beverage, pharmaceutical, and personal care, among others, is projected to augment market demand over the forecast period. Also, rising demand for bio based surfactants in light of key regulations and environmental concerns is likely to drive the market for sorbitan esters. The years used for the assessment are as follows;

  • Historical year : 2014, 2015 and 2016
  • Base year  : 2017
  • Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the sorbitan esters market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
  • Finalizing the overall size and share for the global market

OBJECTIVES:

  • To classify global sorbitan esters market into segments on the basis of operation, pressure and end-use to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with sorbitan esters
  • Profiling key companies operating in the global market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE 

The research scope for sorbitan esters market is as follows:

By Type

  • Sorbitan tristearate
  • Sorbitan monostearate
  • Sorbitan monooleate
  • Sorbitan trioleate
  • Sorbitan monopalmitate
  • Sorbitan monolaurate

By Application

  • Food & beverages
  • Personal Care
  • Pharmaceutical
  • Industrial
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Sorbitan esters of fatty acids are derived from reaction of sorbital with commercial grade fatty acid. Sorbitan esters, when used alone produce stable water-in-oil and micro emulsion. They are frequently used in combination with their ethoxylates to produce water-in-oil or oil in water emulsions. Most of the spans have HLB (hydrophilic-lipophilic balance) between 1.8 and 8.6, and this property is used to determine the ability of the ester to be dissolved in water or fat.

Increasing demand for personal care & beauty products is attributed to the growth of sorbitan ester market. The growth in the sorbitan ester market has led to the demand for improved properties of the compounds. The personal care applications have high demand for sorbitan esters due to flexibility in use, improved water resistance, and spreading properties

Europe dominated the global market in 2017, and is expected retain its dominance over the forecast period. The growth can be primarily attributed to high demand for beauty and personal care products along with the increasing expenditure in pharmaceutical industry. Asia-Pacific sorbitan esters market is projected to grow at the fastest CAGR during the forecast period. Growing demand for food emulsifier and food additives coupled with rising disposable income is augmenting the market growth in the region.

Some of the key companies operating in the industry include Croda International Plc; Clariant AG; AkzoNobel N.V.; Ashland Inc.; Evonik Industries; PolyOne Corporation; DuPont; Addcomp Holland; and Lonza Group; among others.sorbitan esters market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Sorbitan Esters market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global sorbitan esters market

3.4. Value chain analysis

3.5. Raw material trend analysis

3.6. Market opportunities & trends

3.6.1. Adoption of spans as novel formulations in pharmaceuticals

3.7. Market dynamics

3.7.1. Market driver analysis

   3.7.1.1. Increasing use of sorbitan esters across diverse applications

   3.7.1.2. Key regulations fostering a rise in the demand for bio based surfactants

3.7.2. Market restraint analysis

   3.7.2.1. Presence of substitutes in the market

CHAPTER 4. Competitive Outlook

4.1. Porter’s Five Forces Analysis

4.2. Company Market Share Analysis

4.2.1. Competitive Factors

CHAPTER 5. Global Sorbitan Esters Market Size and Forecast (2014 – 2024)

5.1. Global Sorbitan Esters Market, By Type (USD Million)

5.1.1. Sorbitan tristearate

5.1.2. Sorbitan monostearate

5.1.3. Sorbitan monooleate

5.1.4. Sorbitan trioleate

5.1.5. Sorbitan monopalmitate

5.1.6. Sorbitan monolaurate

5.2. Global Sorbitan Esters Market, By Application (USD Million)

5.2.1. Food & beverages

5.2.2. Personal Care

5.2.3. Pharmaceutical

5.2.4. Industrial

5.2.5. Others

CHAPTER 6. Global Sorbitan Esters Market Size and Forecast, By Region (2014 – 2024)

6.1. North America Sorbitan Esters Market (USD Million)

6.1.1. North America Sorbitan Esters Market, By Type (USD Million)

6.1.2. North America Sorbitan Esters Market, By Application (USD Million)

6.1.3. North America Sorbitan Esters Market, By Country (USD Million)

   6.1.3.1. The U.S.

   6.1.3.2. Canada

   6.1.3.3. Mexico

6.2. Europe Sorbitan Esters Market (USD Million)

6.2.1. Europe Sorbitan Esters Market, By Type (USD Million)

6.2.2. Europe Sorbitan Esters Market, By Application (USD Million))

6.2.3. Europe Sorbitan Esters Market, By Country (USD Million)

   6.2.3.1. Germany

   6.2.3.2. U.K

   6.2.3.3. France

   6.2.3.4. Italy

   6.2.3.5. Spain

   6.2.3.6. Belgium

   6.2.3.7. Netherland

   6.2.3.8. Rest of Europe

6.3. Asia-Pacific Sorbitan Esters Market (USD Million)

6.3.1. Asia-Pacific Sorbitan Esters Market, By Type (USD Million)

6.3.2. Asia-Pacific Sorbitan Esters Market, By Application (USD Million)

6.3.3. Asia-Pacific Sorbitan Esters Market, By Country (USD Million)

   6.3.3.1. China

   6.3.3.2. Japan

   6.3.3.3. India

   6.3.3.4. South Korea

   6.3.3.5. Taiwan

   6.3.3.6. Rest of Asia-Pacific

6.4. Rest of the World (RoW) Sorbitan Esters Market (USD Million)

6.4.1. Rest of the World (RoW) Sorbitan Esters Market, By Type (USD Million)

6.4.2. Rest of the World (RoW) Sorbitan Esters Market, By Application (USD Million)

6.4.3. Rest of the World (RoW) Sorbitan Esters Market, By Region (USD Million)

   6.4.3.1. Middle East & Africa(MEA)

   6.4.3.2. Central and South America

CHAPTER 7. Key Players and Strategic Developments

7.1. Croda International Plc

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Clariant AG

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. AkzoNobel N.V.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Ashland Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Evonik Industries

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. PolyOne Corporation

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. DuPont

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Addcomp Holland

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Lonza Group

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

Global Sorbitan Esters Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024