Selbyville, Delaware,, June 22, 2023 (GLOBE NEWSWIRE) --
The sorbitan esters market valuation is anticipated to cross USD 1.8 billion by 2032, as reported in a research study by Global Market Insights Inc.
The rapidly expanding pharmaceutical industry globally is creating ample growth opportunities for the industry. As per IBEF, the pharmaceutical industry in India has the potential to reach USD 130 billion by 2030. Sorbitan esters act as stabilizers and dispersing agents in pharmaceutical suspensions and dispersions. They help prevent solid particles from settling, ensuring uniform distribution throughout the formulation. This is beneficial in oral suspensions, where the even distribution of active pharmaceutical ingredients (APIs) is essential for accurate dosing.
The sorbitan esters market from sorbitan tristearate product will grow at a significant CAGR from 2023 to 2032. Sorbitan tristearate is a versatile and easy-to-use emulsifier in food formulations. It is compatible with a variety of ingredients and can be incorporated into various processing conditions. Additionally, it enhances the texture of food products by providing a smooth and creamy mouthfeel. It helps prevent the separation of oil and water phases, resulting in a more uniform and appealing texture. Expanding food sector will increase the demand for sorbitan tristearate.
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Based on application, the sorbitan esters market value from the pharmaceuticals segment will register notable gains through 2032. Sorbitan esters offer formulation flexibility due to their compatibility with a wide range of pharmaceutical ingredients. They can be used in various dosage forms, including creams, lotions, gels, and suppositories. Their versatility allows for the development of different drug delivery systems, enabling pharmaceutical manufacturers to meet specific formulation requirements.
The sorbitan esters market from Industrial-grade will amass a decent market share by 2032. These esters exhibit lubricating properties and can improve the flow and handling characteristics of industrial materials. They can reduce friction, enhance lubricity, and provide anti-sticking properties, which make them useful in applications such as metalworking fluids, textile lubricants, and mold release agents. Additionally, some sorbitan esters possess anti-foaming properties, which help control and reduce foam formation in various industrial processes. Rapid industrial expansion will favor segment expansion.
Europe Sorbitan Esters Market share will grow at a lucrative CAGR from 2023 to 2032. Rapidly expanding cosmetics and personal care industry in the region is supporting product adoption. In fact, economies such as France, Germany, and Italy are the leading manufacturers of cosmetics globally. Moreover, the growing disposable income of people has increased their spending on processed food, further increasing the demand for sorbitan esters.
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Sorbitan Esters Market News:
- In October 2022, Clariant and Dorf Ketal, the world's leading specialty chemical products manufacturers, unveiled a deal for Dorf Ketal for the acquisition of Clariant's North American Land Oil business, a leading chemical technology provider to the North American O&G market.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Sorbitan Esters industry 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Product trends
2.5 Form trends
2.6 Application trends
2.7 Grade trends
Chapter 3 Sorbitan Esters Industry Insights
3.1 Impact of COVID-19 outbreak
3.2 Impact of Russia Ukraine war
3.3 Bioactive Ingredients industry ecosystem analysis
3.4 Technology & innovation landscape
3.5 Key news and initiatives
3.6 Cost structure analysis
3.7 Regulatory landscape
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.2 Industry pitfalls & challenges
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
