Polysorbate 40 is a non-ionic, hydrophilic surfactant produced by reacting the ethylene oxide with polyol and sorbitol. Then the polyoxyethylene sorbitan is reacted with fatty acids, resulting in the formation of polyoxyethylene sorbitan mono-oleate. Fatty acids are derived from vegetable fats and oils such as oleic acid, stearic acid, palmitic acid, and lauric acid. It is also known as polyoxyethylene sorbitan mono-oleate or polyoxyethylene (20) sorbitan monopalmitat. Polysorbate 40 has a wide range of applications such as surface coating type antistatic agents, emulsifier for water based metal process cutting oils, emulsifier for adjuvant of agrochemicals, stabilizer for emulsion polymerizations, stabilizer for color materials, emulsifier for pharmaceuticals, fragrances solubilizer, detoxifying agent in shampoos, emulsifier and conditioning agent in cosmetics. Global polysorbate 40 market is expected to expand at substantial growth rate over the forecast period. Asia-Pacific is projected to dominate the global polysorbate 40 market over the forecast period, owing to the increasing consumption of colorants in food and cosmetics products in the region.
Global Polysorbate 40 Market: Dynamics
The major factor driving the global polysorbate 40 market include growing industry such as food & beverages, personal care, cosmetic, textile, pharmaceuticals, etc. over the forecast period. Moreover growing dyes and pigment market is also influencing the global polysorbate 40 market. The significant trending factor for global polysorbate 40 market includes merger and acquisition of polysorbate 40 suppliers with end-use industry such as food, cosmetics, pharmaceuticals, etc. The company manufacturing polysorbate 40 products has a substantial opportunity in Asia-Pacific, attributed to rapid rate of industrialization and growing population in the region.
Global Polysorbate 40 Market: Segmentation
The global polysorbate 40 market is segmented by end-use industry, application, product form, and by region. By end-use industries, the global polysorbate 40 market is classified as food and beverages industry, persona care industry, cosmetic industry, pharmaceutical industry, textile industries and others including herbicides, insecticides, and polishes. Among the aforementioned segments, the food and beverages industry segment accounts for relatively high revenue share in the global polysorbate 40 market over the forecast period followed by person care industry, owing to significant demand for dyes and pigments across globe.
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Based on the end-use industry, the global polysorbate 40 market is segmented into:
- Food and Beverages Industry
- Personal Care Industry
- Cosmetic Industry
- Pharmaceutical Industry
- Textiles Industry
- Others (Herbicides, Insecticides, and Polishes)
Based on the application, the global polysorbate 40 market is segmented into:
- Antistat Agent
- Levelling Agent
Based on the product form, the global polysorbate 40 market is segmented into:
Global Polysorbate 40 Market: Regional Overview
By geographies, the global polysorbate 40 market is segmented into seven regions — North America, Western Europe, Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, Asia-Pacific dominates the global polysorbate 40 market in terms of value as well as volume, owing to a significant share of the region in industries such as personal care, food and beverages, and pharmaceuticals. North America is followed by Asia-Pacific in the global polysorbate 40 market, attributed to significant value share of textile industry in the region. The Western Europe is expected to account for significant value share in the global polysorbate 40 market, owing to rapid growth of additives market. In terms of value, Eastern Europe is expected to account for a moderate growth rate in the global polysorbate 40 market. Latin America and Middle East Africa is expected to have a relatively low opportunity for the polysorbate 40 market compared to other regions across the globe, owing to the moderately growing economy and industries such as cosmetic, pharmaceutical, food, etc. in the regions. Overall, the outlook for the global polysorbate 40 market will have a positive growth over the forecast period.
Global Polysorbate 40 Market: Key Players
Few of the polysorbate 40 market players include Kao Corporation, Zhejiang Taizhou TU-POLY, Mohini Organics, Lonza Group, Sinopharm Chemical Reagent Co, Ltd., Adamas Reagent, Ltd., J & K SCIENTIFIC LTD., TCI Development Co., Ltd., Fine Organics, and IRO GROUP INC.