Global Sorbates Market Report 2024

Sorbates Global Market Report 2024 – By Type (Sorbic Acid, Potassium Sorbate, Other Types), By Application (Food, Oils And Fats, Bakery And Confectionery, Dairy And Frozen Products, Snacks, Meat, Poultry, And Seafood, Beverages, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Sorbates Market Definition And Segments

Sorbates are food preservatives that are easily soluble in water and protect the food from a wide spectrum of microorganisms including food-borne pathogens.

The main types of sorbates are sorbic acid, potassium sorbates, and others. Sorbic acid is a naturally occurring compound that is used as a food preservative against molds, bacteria, fungi, and yeasts for safety, and efficacy in low moisture foods. The sorbates are used in a variety of applications including food, oils and fats, bakery and confectionery, dairy and frozen products, snacks, meat, poultry, and seafood, beverages, and others.

The sorbates market covered in this report is segmented –

1) By Type: Sorbic Acid, Potassium Sorbate, Other Types

2) By Application: Food, Oils And Fats, Bakery And Confectionery, Dairy And Frozen Products, Snacks, Meat, Poultry, And Seafood, Beverages, Other Applications

The sorbates market size has grown strongly in recent years. It will grow from $261.07 billion in 2023 to $279.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to consumer demand for longer shelf life, increased demand for processed and convenience foods, expansion of the food and beverage industry, growing awareness about food safety and preservation, rise in demand for natural and clean-label food products.

The sorbates market size is expected to see strong growth in the next few years. It will grow to $370.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing demand for natural and organic food products, growing demand for food preservatives in developing countries, increasing demand for frozen and packaged food products, e-commerce and direct-to-consumer sales, emerging markets. Major trends in the forecast period include technological advancements in food preservation techniques, research and development to create innovative sorbate solutions, customization of sorbate, clean label preservatives, sustainable packaging solutions.

Rising Demand For Processed Foods Fuels Sorbates Market

An increase in the consumption of processed food across the globe is driving the growth of the sorbates market. Due to busy lives, changing eating patterns of the global population, and the spread of the COVID-19 pandemic, demand for packaged and ready-to-eat food is increasing. Sorbates are used in processed foods to keep them fresh for longer periods. For instance, according to the Fast-Food Statistics 2021 report, in the US, 23% of the adults eat fast food meals three or more times a week while 34% of children aged 2 to 19 years eat fast food daily and 80% of Americans visit a fast-food outlet once a month. Therefore, the increasing consumption of processed food is expected to drive the demand for sorbates the over coming years.

Rising Consumer Awareness Of Food Safety Drives Growth In The Sorbates Market

The increasing consumer awareness of food safety will propel the growth of the sorbates market. Consumer awareness of food safety refers to the level of knowledge and concern that individuals have regarding the safety and quality of the food they consume. As consumers become more conscious of the quality and safety of the food they consume, there is a growing demand for food preservation methods that can effectively extend the shelf life of products while maintaining their freshness and nutritional value. Sorbates, as a class of preservatives, play a crucial role in achieving this objective by inhibiting the growth of mold, yeast, and bacteria in food products. For instance, in October 2023, according to the United Kingdom Food Security Report 2021, a UK-based department for environment, food, and rural affairs, in 2020–2021, the majority of respondents (93%) in England, Wales, and Northern Ireland reported that they were confident that the food they buy is safe to eat. Therefore, the increasing consumer awareness of food safety will contribute to the growth of the sorbates market.

Major companies operating in the sorbates market include Nantong Acetic Acid Chemical Co.Ltd., Sydney Essential Oil Company Pty Ltd., Tengzhou Aolong Fine Chemical Co.Ltd., APAC Chemical Corporation, Zhejiang Bossen Technology Co.Ltd., Celanese Corporation, Sorbic International PLC, FBC Industries Inc., Lubon Industry Co.Ltd., Wanglong Group Co.Ltd., Shandong Hongda Biotechnology Co.Ltd., Jinneng Science and Technology Company Ltd., Advanced Inorganics Inc., RuGao ChangJiang Food Co.Ltd., Daicel Corporation, A.M. Food Chemical Co. Limited, Farchemia Srl, Triveni Interchem Pvt. Ltd., Fine Organics Industries Pvt. Ltd., Bartek Ingredients Inc., Qiancheng Chemical Co.Ltd., Tharakan and Company, Tate & Lyle PLC, Hangzhou Kalong Trade Co.Ltd., Ningbo Kodobio Chemical Co.Ltd., Auro Chemicals, Lianyungang Dongtai Food Ingredients Co.Ltd., Spectrum Chemical Mfg. Corp., I. G. Petrochemicals Ltd.

Innovative Techniques Expand Sorbates Market Growth

Players in the sorbates market are focusing on the development of new technologies to cope with market challenges. Sorbate is an important preservative in food products, but these compounds can also have genotoxic effects, causing health risks to their consumers. Hence to determine the concentrations of sorbate in food items such as mustard, ketchup, and tomato sauce, players are developing new techniques. For instance, in July 2021, the Department of Food Science and Technology in Brazil developed a capillary electrophoresis technique to determine the concentrations of sorbate and benzoate in Brazilian samples of mustard, ketchup, and tomato sauce.

Strategic Partnership To Expand Product Portfolio

Major companies operating in the sorbates market are adopting a strategic partnership approach for expanding product portfolio. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Celanese Corporation, a US-based manufacturer of sorbic acid and potassium sorbate used as preservatives, partnered with Mitsui & Co., Ltd. To form a Food Ingredients joint venture under the name Nutrinova. The transaction combines Mitsui's long-standing holdings throughout the food value chain in Asia and other areas with the technology, product portfolio, and backward integration of the Celanese Food Ingredients business. Mitsui & Co., Ltd is a Japan-based general trading company.

Mitsui & Co. Enhances Nutrition Portfolio With Acquisition Of Nutrinova

In October 2023, SK Capital Partners, LP, a New York-based private investment firm focused on the specialty materials, ingredients, and life sciences sectors, acquired J&K Ingredients, Inc. for an undisclosed amount. The acquisition of J&K Ingredients is expected to help SK Capital expand its presence in the food and beverage industry and build an attractive ingredients platform. J&K Ingredients, Inc is a New Jersey-based company that manufactures high quality, clean label ingredients, including sorbates, for the baking industry and other food sectors.

North America was the largest region in the sorbates market in 2023. The regions covered in the sorbates market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the sorbates market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The sorbates market consists of sales of oils and fats, bakery and confectionery, dairy and frozen products, snacks, meat, poultry, and seafood, beverages. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The sorbates market research report is one of a series of new reports from The Business Research Company that provides sorbates market statistics, including sorbates industry, global sorbates market size, regional shares, competitors with a sorbates market share, detailed sorbates market segments, market trends, and opportunities, and any further data you may need to thrive in the sorbates industry. This sorbates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Sorbates Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $279.31 billion
Revenue Forecast In 2033 $370.74 billion
Growth Rate CAGR of 7.3% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Sorbic Acid, Potassium Sorbate, Other Types
2) By Application: Food, Oils And Fats, Bakery And Confectionery, Dairy And Frozen Products, Snacks, Meat, Poultry, And Seafood, Beverages, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Nantong Acetic Acid Chemical Co.Ltd.; Sydney Essential Oil Company Pty Ltd.; Tengzhou Aolong Fine Chemical Co.Ltd.; APAC Chemical Corporation; Zhejiang Bossen Technology Co.Ltd.; Celanese Corporation; Sorbic International plc; FBC Industries Inc; Lubon Industry Co.Ltd.; Wanglong Group Co.Ltd.; Shandong Hongda Biotechnology Co.Ltd.; Jinneng Science and Technology Company Ltd.; Advanced Inorganics Inc.; RuGao ChangJiang Food Co.Ltd.; Daicel Corporation; A.M. Food Chemical Co. Limited; Farchemia Srl; Triveni Interchem Pvt. Ltd.; Fine Organics Industries Pvt. Ltd.; Bartek Ingredients Inc.; Qiancheng Chemical Co.Ltd.; Tharakan and Company; Tate & Lyle plc; Hangzhou Kalong Trade Co.Ltd.; Ningbo Kodobio Chemical Co.Ltd.; Auro Chemicals; Lianyungang Dongtai Food Ingredients Co.Ltd.; Spectrum Chemical Mfg. Corp.; I. G. Petrochemicals Ltd.
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    Table Of Contents

    1. Executive Summary

    2. Sorbates Market Characteristics

    3. Sorbates Market Trends And Strategies

    4. Sorbates Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Sorbates Market Size and Growth

    5.1. Global Sorbates Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Sorbates Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Sorbates Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Sorbates Market Segmentation

    6.1. Global Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Sorbic Acid

    Potassium Sorbate

    Other Types

    6.2. Global Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Food

    Oils And Fats

    Bakery And Confectionery

    Dairy And Frozen Products

    Snacks

    Meat, Poultry, And Seafood

    Beverages

    Other Applications

    7. Sorbates Market Regional And Country Analysis

    7.1. Global Sorbates Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Sorbates Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Sorbates Market  

    8.1. Asia-Pacific Sorbates Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Sorbates Market  

    9.1. China Sorbates Market Overview  

    9.2. China Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Sorbates Market  

    10.1. India Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Sorbates Market  

    11.1. Japan Sorbates Market Overview  

    11.2. Japan Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Sorbates Market  

    12.1. Australia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Sorbates Market  

    13.1. Indonesia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Sorbates Market  

    14.1. South Korea Sorbates Market Overview  

    14.2. South Korea Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Sorbates Market  

    15.1. Western Europe Sorbates Market Overview

    15.2. Western Europe Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Sorbates Market  

    16.1. UK Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Sorbates Market  

    17.1. Germany Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Sorbates Market  

    18.4. France Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Sorbates Market  

    19.7. Italy Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Sorbates Market  

    20.10. Spain Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Sorbates Market  

    21.1. Eastern Europe Sorbates Market Overview

    21.2. Eastern Europe Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Sorbates Market  

    22.1. Russia Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Sorbates Market  

    23.1. North America Sorbates Market Overview

    23.2. North America Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Sorbates Market  

    24.1. USA Sorbates Market Overview

    24.2. USA Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Sorbates Market  

    25.1. Canada Sorbates Market Overview

    25.2. Canada Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Sorbates Market  

    26.1. South America Sorbates Market Overview

    26.2. South America Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Sorbates Market  

    27.1. Brazil Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Sorbates Market  

    28.1. Middle East Sorbates Market Overview

    28.2. Middle East Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Sorbates Market  

    29.1. Africa Sorbates Market Overview

    29.2. Africa Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Sorbates Market Competitive Landscape And Company Profiles

    30.1. Sorbates Market Competitive Landscape

    30.2. Sorbates Market Company Profiles

    30.2.1. Nantong Acetic Acid Chemical Co.Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Sydney Essential Oil Company Pty Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Tengzhou Aolong Fine Chemical Co.Ltd.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. APAC Chemical Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Zhejiang Bossen Technology Co.Ltd.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Sorbates Market Competitive Benchmarking

    32. Global Sorbates Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Sorbates Market

    34. Sorbates Market Future Outlook and Potential Analysis

    34.1 Sorbates Market In 2028 - Countries Offering Most New Opportunities

    34.2 Sorbates Market In 2028 - Segments Offering Most New Opportunities

    34.3 Sorbates Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Sorbates Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Sorbates Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Nantong Acetic Acid Chemical Co.Ltd. Financial Performance
  • Table 52: Sydney Essential Oil Company Pty Ltd. Financial Performance
  • Table 53: Tengzhou Aolong Fine Chemical Co.Ltd. Financial Performance
  • Table 54: APAC Chemical Corporation Financial Performance
  • Table 55: Zhejiang Bossen Technology Co.Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Sorbates Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Sorbates Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Sorbates Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Sorbates Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Nantong Acetic Acid Chemical Co.Ltd. Financial Performance
  • Figure 52: Sydney Essential Oil Company Pty Ltd. Financial Performance
  • Figure 53: Tengzhou Aolong Fine Chemical Co.Ltd. Financial Performance
  • Figure 54: APAC Chemical Corporation Financial Performance
  • Figure 55: Zhejiang Bossen Technology Co.Ltd. Financial Performance
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Frequently Asked Questions

What is the definition of the solar tracker for power generationmarket?

A solar tracker for power generation refers to positioning a photovoltaic panel at an optimum angle towards the sun to capture maximum sunlight and enhance the electricity production capacity of a solar plant. These are being used to generate clean energy and minimize carbon emissions during the power production process. It is used to generate power by enhancing the efficiency of solar panels by capturing the maximum solar energy and maximizing the solar panel output. For further insights on the solar tracker for power generation market, request a sample here

How will the solar tracker for power generation market drivers and restraints affect the solar tracker for power generation market dynamics? What forces will shape the solar tracker for power generation industry going forward?

The solar tracker for power generation market major growth driver - driving forces in renewable energy accelerating growth in the solar tracker market for power generation. For further insights on the solar tracker for power generation market, request a sample here

What is the forecast market size or the forecast market value of the solar tracker for power generation market ?

The solar tracker market size has grown rapidly in recent years. It will grow from $9.22 billion in 2023 to $10.71 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increased solar efficiency, falling solar costs, renewable energy incentives, energy independence, environmental awareness.. The solar tracker market size is expected to see rapid growth in the next few years. It will grow to $19.22 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to advanced tracking technologies, global solar installations, energy storage integration, efficiency improvements, emerging solar markets.. Major trends in the forecast period include single-axis vs. dual-axis tracking, smart and autonomous tracking, floating solar trackers, real-time monitoring and data analytics, climate-adaptive tracking.. For further insights on the solar tracker for power generation market, request a sample here

How is the solar tracker for power generation market segmented?

The solar tracker for power generation market is segmented
1) By Product: Single Axis, Dual Axis
2) By Technology: PV, CSP
3) By Application: Residential Solar Tracker, Commercial and Industrial, Utility For further insights on the solar tracker for power generation market, request a sample here

Which region has the largest share of the solar tracker for power generation market? What are the other regions covered in the report?

North America was the largest region in the solar tracker for power generation market in 2023. The regions covered in the solar tracker for power generation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on the solar tracker for power generation market, request a sample here.

Who are the major players in the solar tracker for power generation market?

Major companies operating in the solar tracker for power generation market include NEXTracker Inc., Array Technologies Inc., PV Hardware Solutions S.L.U., Arctech Solar Holding Co. Ltd., Soltec Power Holdings SA, FTC Solar Inc., AllEarth Renewables Inc., Mechatron Solar Inc., Convert Italia SPA, SunPower Corporation, Trina Solar Co.Ltd., DEGERENERGIE GMBH & CO. KG, GameChange Solar Services India Pvt. Ltd., Soluciones Tecnicas Integrales Norland Sl, Ideematec Deutschland GmbH, MECASOLAR LLC, OPTIMUM TRACKER, Powerway Renewable Energy Co. Ltd., The Schletter Group, Xiamen Grace Solar Technology Co. Ltd., Jiangsu Aikang Industrial Group Co. Ltd., Dalian CDS Solar Energy Technology Co.Ltd., Clenergy Technology Co. Ltd., Amberroot Systems Pvt. Ltd., Ephysx Technologies Pvt. Ltd., Greenera Energy Pvt. Ltd., Hyquip Systems Ltd., Nordic Semiconductor, Canadian Solar Inc., Risen Energy Co. Ltd. For further insights on the solar tracker for power generation market, request a sample here.

What are the key trends in the solar tracker for power generation market?

Major trend in the solar tracker for power generation market - innovative product development driving evolution in the solar tracker market for power generation. For further insights on the solar tracker for power generation market, request a sample here.

What are the major opportunities in the solar tracker for power generation market? What are the strategies for the solar tracker for power generation market?

For detailed insights on the major opportunities and strategies in the solar tracker for power generation market, request a sample here.

How does the solar tracker for power generation market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the solar tracker for power generation industry?

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What are the key dynamics influencing the solar tracker for power generation market growth? SWOT analysis of the solar tracker for power generation market.

For detailed insights on the key dynamics influencing the solar tracker for power generation market growth and SWOT analysis of the solar tracker for power generation industry, request a sample here.