Sarasota, FL -- (SBWire) -- 07/12/2017 --Global Sorbitan Monolaurate Market: Overview
Sorbitan is derived from sorbitol and is the generic name of anhydrides. It is a hex hydric alcohol that is crystalline. It occurs naturally from algae, seaweed, and fruits. It is a viscous liquid, which is amber-colored, oily in nature, and has a slight odor. Sorbitan monolaurate is the combination of the esters form of lauric acid, polyols, and fatty acids that are the derivative of the isosorbide and sorbitan.
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Global Sorbitan Monolaurate Market: Segmentation
The market for the sorbitan monolaurate is broadly fragmented into its applications. Based on the application, the market is segregated into food, personal care industry, pesticides, pharmaceuticals, and coating & plastic. The food segment is sub-segmented into meat products, sauces, bakery and confectionary products, dietary food supplements, beverage whiteners, and others. The personal care industry segment is sub-categorized into hair care, powders, skin care, deodorants, makeup, and other cosmetics.
Global Sorbitan Monolaurate Market: Growth Factors
There is great demand for sorbitan monolaurate in the cosmetic industry due to its emulsifying properties, this is the key factor that is boosting the growth of global sorbitan monolaurate market. There has been a rapid increase in the applications of sorbitan monolaurate in various end-user industries; this is owing to the fact that the companies are making extensive developments and research, which is fuelling the growth of the market. In the bakery and confectionary, sorbitan tristearate is being used widely thus accounting for the global sorbitan monolaurate market growth. This anticipates accounting for more than half of the market share with regards to both value and volume. There is a huge demand for sorbitan monolaurate in the personal care industry in the cosmetic segment where it is used in the eye makeup, moisturizers, skin cleansing, and other skin care products.
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Global Sorbitan Monolaurate Market: Regional Analysis
The market for the sorbitan monolaurate is geographically segmented into North America, the Middle East and Africa, Asia-Pacific, Western Europe, Eastern Europe, and Latin America. One of the largest markets for the sorbitan monolaurate is Europe; it is due to the flourishing food and beverages industry. In the Western European region, the sorbitan monolaurate market will grow in the years to come owing to the rapid growth of the bakery and confectionary products. Asia Pacific region is also contributing a good market share but the growth rate is moderate.
Global Sorbitan Monolaurate Market: Competitive Players
The key market players that are involved in the sorbitan monolaurate market include Coast Southwest, Inc., Coast Southwest, Inc., Kawaken Fine Chemicals Co., Ltd., Fitz Chem Corporation, ERCA Group, Estelle Chemicals Pvt., Ltd., Hangzhou Funchan Food Additive Co., Ltd., Triveni Chemicals, Croda India Company Pvt. Ltd., Flowers Song Fine Chemical Co., Ltd., Victorian Chemical Company Pty Ltd., ERCA SPA, Colonial Chemical, Inc., Burlington Chemical Company, Kao Chemicals, The Dow Chemical Company, Guangzhou Ruhana Food Additive Co., Ltd., Henean Honest Food Co., Ltd., Jeevika Yugchem Private Limited, and Kawaken Fine Chemicals Co., Ltd.
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Global Sorbitan Monolaurate Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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Sorbitan Monolaurate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Zion Market Research, the market research group announced the analysis report titled "Sorbitan Monolaurate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"