Polysorbate 80 market is expected to Grow at 4.2% by 2031. Polysorbate-80, also abbreviated as PS80 is a fatty acid ester of polyoxyethylene sorbitan. Polysorbate 80 comprise of a heterogeneous distribution of the chemical structure. It is generally used as non-ionic surfactants in the preparation of bio therapeutic compounds to stabilize protein against aggregation and prevent surface adsorption induced by stresses such as shear and agitation. It is broadly utilized in pharmaceuticals, food preparation, personal care as well as cosmetics & beauty products such as baby lotions, cold creams, suntan lotions and bath oils. Polysorbate 80 further finds applications in the production of ice cream since it helps in increasing the melting points. Polysorbate 80 is used in the preparation of influenza vaccines. Bio-based products are gaining high demand in the global market. Growing awareness regarding bio-based products in various industries such as cosmetics and personal care products, pharmaceuticals and food & beverage is the major factor driving growth of polysorbate80 market. Polysorbate 80 is soluble in water and alcohol but it is insoluble in oils. Polysorbate is also known as a co-emulsifier which is used as a dispersing agent and as a viscosity modifier for various fragrance products. In pharmaceutical industry, polysorbate 80 is used as a solubilizing agent and common excipient. It is used in the production of medical preparations and as excipients in tablets. In the cosmetic industry, polysorbate 80 is used in the manufacture of cold creams, suntan lotions, bath oils and baby lotions among others. Cosmetics and personal care industry is expected to boost high growth due to rising awareness for skin care products and its use among the people in the global market. Hence, high demand for polysorbate 80 from the cosmetic and personal care industry is expected to fuel growth of global polysorbate 80 market in the near future. Other applications such as food & beverages and pharmaceuticals are also expected to boost market demand for polysorbate 80 during the forecast period.
Polysorbate 80 has several properties which are used in various end-use industries. Growing demand for polysorbate 80 from wide range of end-use industries is another factor boosting growth of global polysorbate 80 market. Based on the extraction sources, polysorbate 80 is segmented into synthetic source, animal source and plant source. Polysorbate 80 is majorly extracted from plant sources which include coconut oil and turkey-red oil. Overconsumption of these natural sources may lead to depletion which may be a key restraint for the global market. Furthermore, a rapid growth in the demand for PS80 especially due to rising demand for bio based products as well as increasing awareness regarding the quality of skin care products are some other key aspects driving the growth of the global polysorbate 80 market.
The global polysorbate 80 market is segmented on the following bases:
Key Players Identified for Polysorbate 80 Market Include but are Not Limited to:
Camden-grey Essential Oils, Croda International plc, Shine-Sarod Nigeria Limited, Lotion crafter LLC, Mohini Organics Pvt. Ltd., Guangzhou Runhua Food Additive Co., Ltd, Huyze Bladelin, Solenis, Mukasa Distributors Ltd, M S Mehta & Co, Chimi Gostaran Saba (C.G.S.), and Reachin Chemical Co., Ltd.
