Sorbitan Palmitate Market, By Product (Cosmetic Grade, and Food Grade), By Application (Cosmetic, Food, and Medicine), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2034

Sorbitan Palmitate Market size was valued at about USD 1034.6 Million in 2024 and expected to grow at CAGR of 5.9% to extend a value of USD 1743.6 Million by 2034.

Sorbitan Palmitate is a surfactant and emulsifier made from palm oil and sorbitol (a natural sugar alcohol). It is biodegradable, non-toxic and a non-irritant. Sorbitan is a mixture of isomeric organic compounds that are derived from the dehydration of sorbitol and is an intermediate in the conversion of sorbitol to isosorbide. Sorbitan esters are nonionic surfactants used as emulsifying agents in the preparation of emulsions, creams, and ointments for pharmaceutical and cosmetic use.

Impact of COVID-19 on the market

Biopharmaceutical firms are at the leading position of the human response to the coronavirus pandemic. A significant number of foremost biotech organizations are in the middle of a race to examine the Sars-Cov-2 genome and formulate a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a significant amount of funds are being put into the R&D. With the several candidates in trial, the public and private sectors are expected to work in unison for the estimative period, until a vaccine is developed for Covid-19. This report will quantify the impact of this pandemic on the sorbitian palmitiate market.

The chemical industry has the potential to be the most consequential industry in the world. By manipulating molecules, it has the power to resolve many of our most pressing challenges. Although the factors fueling growth may change every few years, new drivers have emerged periodically to power each wave. Additionally, on the surface, today's chemical industry continues in healthy shape. It's seen earnings rise, peak cash and stable profits.

The rise of the circular economy is another trend worth watching in 2018 and beyond. Scarcity of raw materials is a reality that chemical companies must factor heavily into their strategic thinking. So, too, is regulation. Amid a drive to reduce material, energy, resource consumption and waste, and emissions, regulatory requirements are rapidly expanding their reach at the global, regional, and local levels. The trend toward digitalization in the chemicals business goes hand-in-hand with globalization and the emergence of the circular economy. A massive wave of digital innovation shows no sign of cresting this year. Recent technological advancements such as in-memory processing power along with almost unlimited data storage capabilities at low cost offer unprecedented levels of connectivity, granularity, and speed in accessing, processing, and analyzing huge amounts of data.

Conversely, less consumer knowledge related to sorbitan palmitate is anticipated to hamper the growth of the global sorbitian palmitiate market during the forecast period

The sorbitian palmitiate market is segmented based on the product, application, and region.

On the basis of the product, the global sorbitian palmitiate market is segmented into cosmetic grade, and food grade. Based on application, the target market is classified into cosmetic, food, and medicine.

Regional Insights:

In the region, the global sorbitian palmitiate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the largest region in the global chemicals market, accounting for 47% of the market in 2018. North America was the second largest region accounting for 18% of the global chemicals market. Africa was the smallest region accounting for 3% of the market. China is a major country in terms of the chemical industry. As per the CEFIC Chemdata International, in 2018, chemical sales in China reached around $1.32 trillion. According to the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe. Countries such as China, India, Malaysia, Vietnam, and Thailand are witnessing the expansion of industries such as automotive, construction, and electrical and electronics. Moreover, chemical production in the region is set to grow at a tremendous rate with major players shifting their focus to high opportunity markets. Expanding production capacities by major chemical companies in North America in recent years has driven the shift in trend towards third-party distributors as a growth platform for expanding into untapped regional markets.

Sorbitia Palmitiate Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034.  For the purpose of this study, has segmented the global sorbitan palmitate market report based on product, application, and region. 

Global Sorbitian Palmitiate Market, By Product:

• Cosmetic Grade
• Food Grade

Global Sorbitian Palmitiate Market, By Application:

• Cosmetic
• Food
• Medicine

Global Sorbitian Palmitiate Market, By Region:

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

The key players operating in the sorbitian palmitiate market include Croda,  ErcaWilmar,  Fine Organics, Italmatch Chemicals, Jeen International,  KLK Emmerich GmbH,  Lakeland Chemicals,  Protameen Chemicals,  Vantage Specialty Ingredients, and Zschimmer and Schwarz. The prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition.

• Croda
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

• ErcaWilmar
• Fine Organics
• Italmatch Chemicals
• Jeen International
• KLK Emmerich GmbH
• Lakeland Chemicals
• Protameen Chemicals
• Vantage Specialty Ingredients
• Zschimmer and Schwarz

“*” marked represents similar segmentation in other categories in the respective section