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Global Polysorbate-80 Market: Proliferating Adoption of Bio-based Products to Lift Demand for Polysorbate-80, finds TMR
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The report presents a detailed description of the growth trajectory of the global polysorbate-80 market along with an in-depth assessment of the predominant trends and opportunities for growth in the future. It further evaluates the dynamics positively or negatively affecting the global polysorbate-80 market. The study provides an estimate of the revenue and volume growth of the market.
The study further provides a comprehensive overview of the competitive landscape of the global polysorbate-80 market utilizing Porter’s five forces analysis. Information on the degree of barriers to entry and exit has also been provided in the report. Leading companies operating in the global polysorbate-80 market and their strategies, product description, and share in the market have further been evaluated in the report. According to the report, the rising application of polysrobate-80 as a non-ionic surfactant in bio therapeutic products is expected to open new opportunities for manufacturers to capitalize on.
Polysorbate-80 finds application in end-use industries such as pharmaceuticals, food and beverages, and personal care and cosmetics. It is used in the manufacturing of products such as bath oils, suntan lotions, cold creams, and baby lotions as polysorbate-80 has the ability to be absorbed by most surfaces and stabilize proteins. The demand for polysorbate-80 is significantly high from the food and beverages industry as it is an important additive used for the manufacturing of ice cream as it helps prevent products from melting easily. The polysorbate-80 market is likely to receive a shot in the arm owing to the rising popularity of bio-based products and the growing use of polysorbate-80 in the manufacturing of these products.
The study states that polysorbate-80 is extracted from several natural sources such as turkey-red oil and coconut oil. However, the decreasing availability of these resources is likely to act as a barrier to the growth of the global polysorbate-80 market. Furthermore, some products containing polysorbate-80 were reported to have caused skin irritation and disorders, thus impelling consumers to opt for available synthetic substitutes.
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Based on source, the global polysorbate-80 market is segmented into synthetic source, plants source, and animal source. The plant source segment is sub-segmented into bay tree, palm, and olive whereas the animals source segment is sub-divided into pig fat, cow fat, and sheep fat. Geographically, the report classifies the global polysorbate-80 market into Asia Pacific excluding Japan, Middle East and Africa, Japan, Western and Eastern Europe, North America, and Latin America. The key players in the global polysorbate-80 market are Mukasa Distributors Ltd., Reachin Chemical Co., Ltd., Shine-Sarod Nigeria Limited, Solenis, Mohini Organics Pvt. Ltd., Huyze Bladelin, and Croda International plc. among others.
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