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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 5%
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Industry Definition and Major Segments
Sorbitan monostearate is a by-product of sorbitol and stearic acid, which is also called synthetic wax. Sorbitan monostearate is primarily used in beauty products such as cold creams, lotions for shaving, foundations for hair, sunscreen products, lipsticks, bath oils, and others.
Based on type, the market is segmented into:
• Food Grade
• Industrial Grade
• Medicine Grade
By application, the industry is segmented into:
• Dietary Food Supplements
• Coating and Plastics
The regional markets for sorbitan monostearate include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Key Market Players
The major players in the market are Kao Corporation (TYO: 4452), Henan Honest Foods Co. Ltd., Hangzhou Fuchun Food Additive Co. Ltd., Jeevika Yugchem Pvt. Ltd., Guangdong Runhua Chemistry Co. Ltd., and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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