Sorbitan Monostearate Market Growth 2023 : Movements by Key Findings, Latest Trend Analysis, Progression Status, Revenue Expectation to 2031
The global Sorbitan Monostearate Market accounted for USD 5.99 Million in 2020 and is expected to reach USD 8.96 Million by 2028, growing at a CAGR of 5% from 2021 to 2028. Sorbitan monostearate is a sorbitol derivative and stearic acid which is sometimes referred to as a synthetic wax. It is also known as ‘Spans’. Sorbitan monostearate is used in the manufacturing of healthcare and food products. It is used to make metal machining fluid, synthetic fibers, and brighteners within the tannery industry, and as an emulsifier in pesticides, coatings, and several other applications within the cosmetics industry and food industry. Sorbitan Monostearate is used as an artificial additive and has been approved by the European Union for its use. Sorbitan Monostearate alongside polysorbates is often used in icings, ice creams, fillings and chocolate. It is majorly used in cosmetic products such as cold creams, cleansing lotions, makeup foundations, sunscreen products, lipsticks, bath oils etc. Inc...