Polysorbate Market Size – USD 995.4 Million in 2018, Growth – CAGR of 4.9%, Trends – The availability of various substitutes is a key restraint
NEW YORK CITY, NY, UNITED STATES, October 27, 2021 /EINPresswire.com/ — Polysorbate functions as a surfactant, emulsifier, and as a medical ingredient, Surfactant is the short term for surface active agent. The latest research study published by Reports and Data titled Polysorbate Market provides a thorough assessment of the market. The report analyzes the historical and present-day scenario of the global Polysorbate market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Polysorbate market, to identify the opportunistic avenues of the business potential for stakeholders.
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 Companies Profiled in the Report:
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.
The Polysorbate market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Polysorbate market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
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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Product (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Tablets & Capsules
Application Industry (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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Source: EIN Presswire