Portland, OR, Nov. 01, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the polysorbate market generated $0.8 billion in 2021 and is expected to reach $1.4 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. changing market trends, market size and estimates, value chains, key investment pockets, drivers and opportunities, competitive landscapes and regional landscapes. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Market size in 2021||$0.8 billion|
|Market size in 2031||$1.4 billion|
|Number of pages in the report||304|
|Segments Covered||Source, Grade, End Use and Region.|
|Drivers||Massive demand for stabilizing aqueous formulations of drugs intended for parenteral administration or inoculations.|
|The increase in the severity of diseases has led the pharmaceutical sector to increase its research activities to produce effective drugs.|
|Opportunities||Increasing use of polysorbate as a raw material in the manufacture of drugs.|
|Growing application of polysorbate as solubilizers, stabilizers and disinfectants in pharmaceuticals, food preparation, personal care and cosmetics and paints.|
|Constraints||Polysorbate can cause side effects such as skin allergies, hypersensitivity, rashes, erythema, pain, and thrombophlebitis.|
|Health-Related Disorders Caused by the Use of Polysorbate.|
- The outbreak of the COVID-19 pandemic has negatively impacted the growth of the global polysorbate market, owing to supply chain disruption and low availability of raw materials.
- Due to the COVID-19 pandemic, the severity of the disorders has increased, which has led the pharmaceutical sector to increase its research activities to produce effective drugs where there is use of polysorbate.
The report offers detailed segmentation of the global polysorbate market based on end-use, source, quality, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
In terms of end-use, the cosmetics and personal care segment held the major market share in 2021, capturing more than a third of the global polysorbate market share, and is expected to maintain its leading status during the forecast period. The pharmaceutical segment, on the other hand, is expected to quote the fastest CAGR of 5.6% during the forecast period.
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Based on the source, the synthetic segment held the largest market share in 2021, holding more than two-fifths of the global polysorbate market share, and is expected to maintain its leading status during the forecast period. The same segment, on the other hand, is expected to quote the highest CAGR of 5.5% during the forecast period. The report also includes other segments such as plant and animal segments.
Based on grade, the polysorbate 60 segment held the leading market share in 2021, grabbing almost two-fifths of the global polysorbate market share, and is expected to maintain its leading status during the period of forecast. The same segment, on the other hand, is expected to quote the fastest CAGR of 5.7% during the forecast period. The report also includes other segments such as polysorbate 20, polysorbate 40, and polysorbate 80 segments.
Based on region, the Asia-Pacific market held the major market share in 2021, accounting for more than a third of the global polysorbate market share, and is expected to maintain its leading status during the period. forecast. In addition, the same region should cite the Fastest CAGR 6.1% over the forecast period. The report also analyzes other regions such as Europe, North America and LAMEA.
The major players analyzed in the global polysorbate market report are Aceto Pharma Private Ltd., Alfa Aesar, BASF SE, Croda International Plc, Estelle Chemicals Pvt. Ltd., Evonik Industries AG, Guangdong Huana Chemistry Co., Ltd., Lanxess AG, Matangi Industries LLP, Merck KGaA, Mohini Organics Pvt. Ltd., Niram Chemicals, Otto Chemie Pvt. Ltd., TCI America, Inc. and Venus Ethoxyethers Pvt. ltd.
The report analyzes these key players of the global polysorbate market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report helps to analyze recent developments, product portfolios, business performance, and operating segments of major market players.
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We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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