Oscillating downstream products to drive the Polysorbate global market
- 11-Apr-2022 9:16 AM
- Journalist: Patrick Knight
The market sentiments of Polysorbate in the global market are driven by its major upstream components, which are sorbitol, oleic acid, and ethylene oxide. These sporadic changes occurred due to the rising political tension between Russia and Ukraine, which escalated the prices of ethylene oxide. Consequently, Polysorbate's production cost is accompanied by soaring feedstock prices.
Polysorbates are emulsifiers in the pharmaceutical, food, and healthcare sectors. In the Asia-Pacific region, robust demand from the cosmetics industry bloomed the production of Polysorbate. Accompanying this, more awareness among people regarding personal and skincare have burgeoned the production and prices of Polysorbate, proportionally affecting the prices in the Asian market. Countries like China, India, and Japan are inclining more towards the personal and healthcare field, showcasing bullish demand from end-users, and governing the Polysorbate market. Furthermore, ethylene oxide (feed) production was overruled by the European market, and after the tussle between Russia and Ukraine, frenzy feed supply has been faced by Asian buyers.
The onset of Omicron virus infection in China has skyrocketed the demand for pharmaceuticals in the domestic market. Polysorbate acts as a solubilizing agent, consequently increasing the solubilizing capacity of other drugs taken along with it. The utilization of Polysorbate is also seen in the food and beverages industries such as ice-creams, cakes, and other frozen desserts. This addition is done to emulsify, that is, the ability to keep fats from separating. Ready to eat and frozen food have become a priority for the people amidst their busy life, pressurizing the manufacturers to produce more. These factors have shown their corresponding effects on the prices of Polysorbate in the global market.
As per ChemAnalyst, the prices of Polysorbate may oscillate in the upcoming weeks depending upon the availability and prices of feed, sorbitol, oleic acid, and ethylene oxide. Strong offtakes from downstream sectors, especially cosmetics, pharmaceuticals, and food, have affected the outlook of Polysorbate globally.