LONDON, May 26, 2022 (GLOBE NEWSWIRE) -- Sorbitan esters are expected to garner the attention of the chemical research fraternity in the times to follow. The chemical industry has continually gravitated towards researching compounds of commercial significance, leading the former to derive new methods for procuring novel compounds. As the chemical industry invests in the study of esterification reactions, sorbitan esters shall witness sustained demand across key industrial echelons. Furthermore, the growing use of emulsifiers and solubilizers as intermediary products in key industries has also given a push to market expansion.
Fairfield Market Research predicts that the global sorbitan esters market would clock in revenues worth US$1721.5 Mn by the end of 2025, growing at a CAGR of 5.2% over the forecast period between 2021 and 2025.
Global Sorbitan Esters Market: Key Highlights
Asia Pacific is expected to emerge as a prominent regional segment with 22% share of the global sorbitan esters market.
Amongst the commercial, residential, and industrial sectors, the latter is expected to exhibit formidable demand with an expected growth rate of 6.6% by the end of 2025.
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Use of Sorbitan Esters for Manufacturing Margarine and Chocolate to Ramp Up Demand
The food and beverages industry continues to lend a share of its revenues to several other sectors and markets. This holds true in the case of the chemical industry too wherein food researchers have shown liberal investment interests. The use of sorbitan esters in manufacturing margarine, chocolate, and a range of bakery products has unravelled new growth opportunities across the market. Furthermore, the visible inclination of the population towards vegan products has also played an underhanded role in driving demand for sorbitan esters. The cosmetics industry, although ranking second to the food industry in terms of market share, is expected to fetch fresh revenues for the market.
Popularity of Bakery Items in Europe to Shore Up Growth of Regional Market
The sorbitan esters market in Europe was assessed to register a net worth of US$230 Bn in 2020. The presence of a large number of bakeries that prioritize organic and homemade styles of preparation has given an impetus to market expansion. Furthermore, the popularity of bread across several European countries has also facilitated market growth.
Some of the prominent vendors operating in the global sorbitan esters market are Esterchem Ltd, Vantage Specialty Chemicals Inc, Lonza Group AG, and Merck KGaA.
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REPORT SCOPE & SEGMENTATION:
Product Type Coverage
• Sorbitan Monolaurate
• Cosmetics and Personal Care Products
• North America
Key Market Indicators, Macro factors analysis, Supply Chain Analysis,
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