According to the current analysis of Reports and Data, the global polysorbate market was USD 995.4 Million in 2018 and is projected to grow at a CAGR of 4.9% from 2019 to 2026. Polysorbate functions as a surfactant, emulsifier, and as a medical ingredient. Surfactant is the short term for surface active agent. They are compounds that lower the surface tension between two substances, such as two liquids or a liquid and a solid. Besides, these also have ample applications in the pharmaceutical and veterinary health sectors.
The stability of a vaccine is influenced by the specific formulation of the product, the addition of stabilizing compounds such polysorbate, the compatibility of the product with the intended container and closure and the preparative treatments reduces adsorption or chemical interaction of the vaccine components with the container, and the vaccine's specific temperature limits. With the global population rapidly escalating, animal derived products consumption is also booming, leading to new apprehensions such as emerging and re-emerging diseases due to animal and human movements across the globe, and animal welfare in an intensive productions system.
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Top Players in the Global Polysorbate Market:
N.S. Chemicals, Mohini Organics Pvt. Ltd., ESCA Chemicals, Croda Industrial Chemicals, BASF SE, Sigma-Aldrich, Spectrum Chemical Manufacturing Company, Tjn Chemical industry, Guanhzhou Runhua Chemistry co. ltd., NOF Europe GmbH (NOF Group), and Sisco research.
Further key findings from the report suggest
- The veterinary health segment is expected to grow at a CAGR of 4.1% during the forecast period. Polysorbates are used as an excipient in the formulation of drugs for the treatment of veterinary diseases. The grade-80 is used as a formulation medium for the production of ivermectin drugs. Drugs containing ivermectin are used to treat parasite infections in animals. The drug is used for combating parasitic infections in dogs, horses and cats.
- According to EU labeling legislation, emulsifiers must always be declared on the labels of products where they used, either by their name or their corresponding E-number. The use of an E-number means the additive has undergone a stringent safety evaluation by the European Food Safety Authority (EFSA), has been found safe for use and authorized by the European Commission. These attribute towards the growth of polysorbate market.
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Market segmentation based on Grade Outlook:
- Polysorbate 20
- Polysorbate 40
- Polysorbate 60
- Polysorbate 80
- Polysorbate 81
Product Outlook:
- Tablets Capsules
- Syrups
- Ointments
- Injections
- Others
Administration Route Outlook:
- Oral
- Topical
- Injectable
Usage Form Outlook:
- Solubilizer
- Emulsifier
- Excipient
Application Industry Outlook:
- Pharmaceutical
- Veterinary Health
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Polysorbate market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Polysorbate market?
- Which regional market is expected to lead in terms of revenue share in the global Polysorbate market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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