Sorbitan laurate is a composition of esters produced by reacting fatty acids, lauric acid and polyols that are derived from sorbitol, including sorbitan and isosorbide. Sorbitan Laurate is a white to tan-colored solid. Sorbitan laurate is highly hydrophobic in nature and is insoluble in water.
As sorbitol and fatty acids are naturally occurring cosmetics, sorbitan laurate is used in variety of personal care and cosmetic products such as skin care products, skin cleansing products, eye makeup, moisturizers and other makeup products.
Sorbitan laurate can also be used as food additive. Functionally sorbitan laurate is used as an emulsifier or stabilizer in personal care & cosmetics or food additive applications. Attachment of sorbitan with fatty acid creates partly water (sorbitan) and partly oil soluble (fatty / lauric) molecule, enabling the emulsification.
Primarily consumer applications of sorbitan laurate include cosmetic products, cleaning and furnishing care products, fabric, textile, and leather products, lubricants, and personal care products.
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Sorbitan Laurate: Market Dynamics & Challenges
Easy accessibility of feedstock and increasing the production capacities of manufacturers are expected to impact the sorbitan laurate market positively. Increasing population and per capita income of consumers and increasing consumption of cosmetic and personal care products is expected to drive the demand for sorbitan laurate in upcoming future.
Sorbitan laurate is act as food additive which serves very demandable market. Moreover, increased working population led to increase in demand for packaged foods and thereby, push the demand of sorbitan laurate during the forecast period.
Furthermore, major market key participants are focusing on the research and development for further innovating product for more end uses. Technology advancement of manufacturer product by reducing overall operational cost is expected to create new trend among the sorbitan laurate. With increased applications of the sorbitan laurate, its market demand also increases.
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Impact of Covid-19 on Sorbitan Laurate Market
Ongoing crisis caused by COVID-19 pandemic has affected all industrial activities resulting in subdued capital investments, retardation of production rate and supply to end procurers. This pandemic has majorly impacted in countries such India, Brazil, Russia and European Countries due to which the economic growth is contracted in these countries. Due to breakout industrial activities get affected with disruption of supply chain and resulting demand in a reduced state.
Chemical industry is no exception to this effect and is understood to undertake a significant dent in the planned growth rate in the current fiscal. With regards to the growth trend specific to black sorbitan laurate market, a downturn in growth is expected to have been observed in the 3 quarters of ongoing fiscal.
The recovery of sorbitan laurate towards threshold growth rate is expected to incur over next 4-6 quarters which is critically dependent on end user sentiment for new sales and procurement provided the supporting rules and policies by the regional governments.
In terms of applications, cosmetics segment is considered to be the major contributor to demand generation and subsequent growth of the sorbitan laurate market. With decreasing demand of cosmetics and personal care products also impacted to the sorbitan laurate market; however, as increasing demand of food during the Covid-19 lockdown, significantly provides new opportunities for the food additive application and supports the market growth.
Furthermore potential demand from end use industries of sorbitan laurate is expected to achieve the desirable growth in the upcoming quarters. Hence, the manufacturers of sorbitan laurate have been focusing on strong supply chain management mechanism involving tie-ups with prominent dealers and distributors having rich client base and relationship management.
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Sorbitan Laurate Market: Regional Outlook
Developing countries such as China, India, Brazil, Argentina and others are identified to be prominent markets to create significant demand and growth in the global sorbitan laurate market. This growth is attributed to increasing urbanization and disposable income of consumers and increased preference towards cosmetics.
North American countries such as US, Canada and European countries like Russia, Italy are also expected to witness a decent growth over the forecast period owing to increased demand from cosmetics and food industries for sorbitan laurate, whereas Middle East & Africa market is anticipated to offer comparatively steady growth opportunities from personal care products industries.
Asia Pacific (APAC) region is predicted to be the prominent market for sorbitan laurate followed by Europe and North America. Asia Pacific countries such as, China, Japan, Korea, India are the key leaders in terms of the production and export of the sorbitan laurate.
Furthermore, sorbitan laurate is anticipated to witness for significant growth rate in Asia Pacific owing to increasing number of manufacturers as well as end users in the region. On the other hand Latin American countries such as Brazil and the Mexico hold considerable share in the global market with increasing consumption of the sorbitan laurate in the region.
Which tend / segment impact more?
Skin care products and the food additive applications holds the prominent share of sorbitan laurate market. Sorbitan laurate used in all type of skin care product like moistures, cleansing products. Increased consumer preference towards packaged foods such as dairy products, cold drinks, and bakery products owing to which, the demand of sorbitan laurate expected to grow during the forecast period.
Furthermore, by increasing the demand of the sorbitan laurate in personal care and other cosmetics and beauty products anticipated to create new opportunities for the sorbitan laurate manufacturers.
Analyst Prospective:
Increasing demand of the skin care products and packaged food withstand to push the market of sorbitan laurate on the back of which demand of sorbitan laurate is expected to provide high growth in nearer period. Along with this, consumption of the personal care products and other cosmetic products in emerging countries expected to create new market opportunities for the sorbitan laurate in upcoming future.
Sorbitan Laurate: Key Market Players
List of some of the prominent market participants or key market players in sorbitan laurate market are:
- Lakeland Chemicals
- Croda
- Vantage Specialty Ingredients
- Oxiteno
- Ethox Chemical
- Quality Group
- Estelle Chemicals Pvt. Ltd.
- Solvay SA
- Lonza
- Kao Chemicals
The research report on sorbitan laurate market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The sorbitan laurate market report also contains projections using a suitable set of assumptions and methodologies. The research report on sorbitan laurate market provides analysis and installation and by material and by application.