Polysorbate-80 Market - Forecast(2024 - 2030)

Polysorbate-80 market size was valued as $348M in 2019, and is poised to grow at a CAGR of 5% during the forecast period 2020-2025. Polysorbate-80, also abbreviated as PS80 is a fatty acid ester of polyoxyethylene sorbitan. It is prepared by ethoxylation, Polysorbate 80 is derived from polyethoxylated sorbitan and oleic acid. The hydrophilic groups in this compound are polyether’s also known as polyoxyethylene groups, which are polymers of ethylene oxide. 

Polysorbate 80 comprise of a heterogeneous distribution of the chemical structure. It is used as non-ionic surfactants and as emulsifier 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 used in pharmaceuticals, food preparation, personal care as well as cosmetics & beauty products such as baby lotions, cold creams, suntan lotions and bath oils. 

The report: “Polysorbate-80 market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Polysorbate-80 Market.

By Source: Plants Source, Animals Source and Synthetic 

By Application: Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals and Others

By Geography: North America, Asia-Pacific, Europe, Rest of World

The global polysorbate-80 market is segmented into; plants source, animal’s source & synthetic source. Plant source are divided into palm, olive, bay tree, and others. Animal sources can be further segmented into cow fat, sheep fat, pig fat, etc. The plant source was leading market in the year 2019 is set to grow with fastest CAGR of 5.2% during the  forecast period 2020-2025. 

The application type of Polysorbate-80 market covers Food and Beverages, Personal Care and Cosmetics, and Pharmaceuticals. The food and beverage segment is poised to lead in terms of the market share during the forecast period 2020-2025 and is the major growth driver of the market. Followed by food, the personal care segment accounts for major of the share in the market and is poised to 4.93% for the forecast period 2020-2025. In addition, the Pharmaceuticals segment is poised to be the fastest-growing segment during the forecast period 2020-2025.

Asia Pacific dominated PolySorbate-80 Market with global Market share of 42% in 2019. China, India, Japan, and South Korea are the major consumers of Polysorbate-80 in this region. This high demand is mainly attributed owing to the growing affluence of the middle-class population in this region, coupled with rapid urbanization that has further led to rise in consumerism opportunities, which ultimately drives the Polysorbate-80 market in this country. 

The continuous rise in demand from the end-use industry such as pharmaceuticals, food & beverages, personal care & cosmetics, plays a vital role in the growth of the global polysorbate market. The market is also poised to experience huge demands for the bio-based products, for the forecast period 2020-2025 and contribute to the growth of the global polysorbate market. An increase in the awareness about the use of quality skincare products is poised to be a major driver for the industry. Polysorbate-80 is extracted from natural sources such as turkey-red oil and coconut oil. 

The Availability of cheap and synthetic substitutes, mainly in the form of borax & sodium borate could act as a potential threat for the market globally. In addition to this, since Polysorbate-80 extracted from natural sources, the Depletion of such natural resources owing to be a major constraint for the market globally. Polysorbate-80 in some case has caused skin irritation and other minor skin disorders owe to act as a challenge for this market. 

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Polysorbate-80 market. Key companies of this market are Assmang Proprietary Ltd., Carus Corporation, Consolidated Minerals Limited, Compania Minera Aultan, S.A.B De C.V., Eramet  SA, ERACHEM Comilog, Inc., Eurasian Natural Resources Corporation Limited and Gulf Polysorbate 80 Corporation Limited among other notable players.

In January 2018, PolyOne Corporation acquired the IQAP Master batch Group S.L., a privately owned and innovative provider based in Spain with customers throughout Europe.

In January 2018, Clariant Ag opened its new state-of-the-art masterbatch production site in Yanbu, Saudi Arabia.