Sorbitan monostearate market in India is expected to reach USD 6.73 million in 2022 and growing at a CAGR of 7.0% between 2017 and 2022.
Sarasota, FL -- (SBWIRE) -- 01/15/2018 -- Sorbitan monostearate can be defined as a mixture of the partial esters of sorbitol and its mono- and dianhydrides with edible stearic acid. Sorbitan monostearate is used as an emulsifier and nonionic surfactant in food, coating and cosmetic industry among others. The cosmetic industry is gaining huge prominence across the globe which is expected to spur the sorbitan monostearate market in the forecast period.
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Sorbitan monostearate is widely used in food industry as an emulsifier and thickening agent. The sharp rise in food industry coupled with rapidly expanding food chain is expected to drive the sorbitan monostearate market in foresee period. Due to its thickening property sorbitan monostearate is widely used in the coating industry. There has been tremendous growth in coating industry owing to its various end user industries such as automotive and paints among others. This factor is expected to assist the sorbitan monostearate market growth in the forecast period. However, availability of different substitutes in the market may obstruct the growth of sorbitan monostearate market. Nevertheless, huge demand for sorbitan monostearate from food, cosmetic and coating industry is expected to provide plentiful opportunities for the sorbitan monostearate market in the forecast period.
The sorbitan monostearate market can be segmented on the basis of end users such as food industry, coating industry, cosmetic industry and other end users. The other segment includes pesticides, leather, plastic, and healthcare. Sorbitan monostearate is used as brighter in the leather industry, thus growth in the leather industry is expected to spur the growth of the sorbitan monostearate market. stabilizer. The cosmetic industry is likely to gain traction in the forecast period.
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Sharp rise in food, cosmetic and coating industry in India is expected to foster the sorbitan monostearate market in this region in the coming years. India held the highest percentage of agricultural share in 2016 and is expected to maintain its pace over the forecast period. Sorbitan is used as an emulsifier in manufacturing pesticides. Growing demand of pesticides from the agricultural sector is likely to bolster the demand for sorbitan monostearate in this region in the coming years. Other factors such as huge consumption of cosmetic products are anticipated to boost the sorbitan monostearate market in the forecast period.
Some of the key players in the sorbitan monostearate 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 and Savannah Surfactants Ltd among others. To sustain in the market the major players focus on boarding their product portfolio.
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