Polysorbate applications in end-user businesses likely to drive its global market
- 29-Apr-2022 4:34 PM
- Journalist: Shiba Teramoto
The growing application of Polysorbate in food items such as bakeries, ice cream, and others has become the driving force in the global market. Other factors governing the market position of Polysorbate are the oscillating prices of its upstream products, that is, sorbitol, oleic acid, and ethylene oxide. The ongoing war between Russia and Ukraine has impacted the transportation and production of ethylene oxide in the global market, affecting the prices of its downstream, Polysorbate market.
Polysorbate is the component that acts as an emulsifier and a surfactant having its various applications in the food, cosmetics, and pharmaceutical industries. The emulsifying properties of Polysorbate have become a critical factor in governing the market growth worldwide.
The Asia Pacific region dominates the Polysorbate market owing to the high demand from cosmetics, personal care, and pharmaceutical sectors. In major countries like China, the outbreak of the Covid has forced the pharmaceutical industries to increase the operational rate of Polysorbate, as it is used as an inactive ingredient in vaccines and other drugs. The imposition of lockdown in China has put a halt in the production resulting in the availability of sufficient feedstock with manufacturers to cater to the domestic demand affecting the prices of Polysorbate. In countries like India, confectionaries, ice cream, and others have governed the Polysorbate market.
An ill effect of the ongoing conflict between Russia and Ukraine has resulted in supply chain disruption from the major suppliers, affecting the production cost of Polysorbate. In the US and European markets, the shortage of feed with the manufacturers to cater to the end-user demand has been the major reason, especially post Russia-Ukraine conflict. Firm demand from pharmaceutical sectors has driven the market sentiments.
As per ChemAnalyst, the prices of Polysorbate may follow the buoyancy in the upcoming weeks owing to the feedstock prices and strong offtakes from end-users in the global market.