The global Shellac market was valued at 162.83 Million USD in 2021 and will grow with a CAGR of 2.05% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Shellac is a kind of non-toxic natural gum resin dissolves in a wide variety of alkaline or rapidly drying alcoholic solvents but is resistant to a number of other solvents particularly hydrocarbons. They are widely used in industrial applications, Cosmetics, Food, Pharma, etc.In terms of volume, the global Shellac Production was 31241 MT in 2017, and it is predicted to reach 38905 MT in 2024. In 2017, the global Shellac market is led by India, capturing about 55% of global Shellac production. Southeast Asia is the second-largest region-wise market with 30% of production share.

By Market Verdors:

D. Manoharlal (Shellac)

Mahabir Shellac Factory

Aadhya International

Vishnu Shellac Factory

Gupta Brothers (Shellac)

Prakash Shellacs Factory

Chuxiong DES Shellac

Hind Suter Shellac

Stroever GmbH & Co. KG

Creasia Group

Kunming Forest Products Chemical

By Types:

Wax Containing Shellac

Bleached Shellac

Dewaxed Shellac

By Applications:

Food Industry

Pharmaceutical Industry

Cosmetic Industry

Industrial applications

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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