Sorbitan Monostearate Market Size, Share, Price, Manufacturers 2032

Sorbitan Monostearate Market Insights

According to a report from Zion Market Research, the global Sorbitan Monostearate Market was valued at USD 6.97 Billion in 2023 and is projected to hit USD 11.01 Billion by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Sorbitan Monostearate Market industry over the next decade.

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Sorbitan Monostearate Market: Overview   

Sorbitan monostearate is a sorbitol derivative and stearic acid which is sometimes referred to as a synthetic wax. It is also known as ‘Spans’. Sorbitan monostearate is used in the manufacturing of healthcare and food products. It is used to make metal machining fluid, synthetic fibers, and brighteners within the tannery industry, and as an emulsifier in pesticides, coatings, and several other applications within the cosmetics industry and food industry. Sorbitan Monostearate is used as an artificial additive and has been approved by the European Union for its use. Sorbitan Monostearate alongside polysorbates is often used in icings, ice creams, fillings and chocolate. It is majorly used in cosmetic products such as cold creams, cleansing lotions, makeup foundations, sunscreen products, lipsticks, bath oils etc. Inconsistent prices of staples and side effects due to immoderate usage of Sorbitan Monostearate are the hindering factors for the worldwide Sorbitan Monostearate market.

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Sorbitan Monostearate Market: Growth Factors

The sorbitan monostearate market is primarily driven by expanding the food and cosmetic industry worldwide. High's use of sorbitan monostearate as an emulsifier and thickening agent in the food and cosmetic industry is expected to boost the sorbitan monostearate market in the upcoming years. However, the presence of diverse alternatives for the sorbitan monostearate may hamper the growth of the sorbitan monostearate market in the coming years. Nonetheless, the huge demand for sorbitan monostearate from the food and coating industry is expected to offer ample opportunities for the sorbitan monostearate market in the foreseeable period. 

Sorbitan Monostearate Market: Report Scope

Segment Analysis Preview

Based on food grade, the market is segmented as Sorbitan monostearate, industrial-grade sorbitan monostearate, and medicine-grade sorbitan monostearate. Based on application the sorbitan monostearate market can be segmented into food & Beverages, pharmaceuticals coating, cosmetics, and others. The food industry noted the major chunk of the total market followed by the cosmetic industry. The high use of sorbitan monostearate as an emulsifier and thickening agent in the food and cosmetic industry is expected to boost the sorbitan monostearate market in the upcoming years. The others segment includes pesticides, plastics, leather, and healthcare. Sorbitan monostearate is used as a brightener in the leather industry and an emulsifier in the preparation of pesticides. The coating industry is expected to witness noteworthy growth in the forecast period.

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Sorbitan Monostearate Market: Regional Analysis Preview

The global Sorbitan Monostearate market was ruled by the Asia Pacific in 2018. It added up to almost 50% share of the global Sorbitan Monostearate market. The rapidly escalating food industry along with the cosmetic industry in India contributes to the high growth of the market. There has been huge growth in the coating industry which is likely to spur the growth of the sorbitan monostearate market in India. Moreover, the presence of various players in the sorbitan glycerol market is expected to foster the market in India. Rising FDI and favorable government regulation for personal care products & pharmaceuticals divisions are likely to boost requirements in the Asia Pacific area.  

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Sorbitan Monostearate Market: Key Players & Competitive Landscape

Key participants profiled in the report include:

• World Chem Industries
• Estelle Chemicals Pvt.Ltd
• Plus Chem
• Akhil Healthcare
• Jeevika Yugchem Private Limited
• Mohini Organics Pvt Ltd
• Triveni Interchem Pvt. Ltd
• A.B Enterprises
• Fine Organics
• Krishna International
• Shree Chemicals Industries Pvt. Ltd,
• Savannah Surfactants Ltd.

The global Sorbitan Monostearate  market is segmented as follows:   

By Food Grade

• Sorbitan monostearate
• Industrial-grade sorbitan monostearate
• Medicine-grade sorbitan monostearate

By Application 

• Food and Beverages
• Pharmaceuticals
• Personal care products
• Coating
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa