What is Global Shellac Market?
The Global Shellac Market is a fascinating and complex sector that deals with the production, distribution, and consumption of shellac, a resin secreted by the female lac bug. This market has a global reach, with numerous countries involved in the production and consumption of shellac. The market is valued at a significant US$ 159 million in 2022 and is projected to grow to US$ 181.7 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 1.9% from 2023 to 2029. The market is dominated by a few key players, with the top five manufacturers holding a 20% share.
Wax Containing Shellac, Bleached Shellac, Dewaxed Shellac, Others in the Global Shellac Market:
The Global Shellac Market is segmented into various types, including Wax Containing Shellac, Bleached Shellac, Dewaxed Shellac, and others. The Wax Containing Shellac segment holds the lion's share, accounting for over 80% of the market. Each type of shellac has its unique properties and uses, making them suitable for different industries and applications. For instance, Wax Containing Shellac is widely used due to its versatility and excellent sealing properties. On the other hand, Bleached Shellac is preferred for its light color and clarity, making it ideal for use in the food and cosmetic industries. Dewaxed Shellac, with its high gloss and hardness, is commonly used in the furniture and woodworking industries.
Food Industry, Pharmaceutical Industry, Cosmetic Industry, Industrial applications, Others in the Global Shellac Market:
The Global Shellac Market finds its applications in various industries such as the Food Industry, Pharmaceutical Industry, Cosmetic Industry, Industrial applications, and others. In the Food Industry, shellac is used as a glazing agent, giving confectionery products a shiny appearance. In the Pharmaceutical Industry, it is used as a coating for tablets, helping to control the release of the drug. The Cosmetic Industry uses shellac in products like nail polish and mascara due to its excellent film-forming properties. Industrial applications of shellac include its use as a primer, sanding sealant, and finish for wood and other substrates.
Global Shellac Market Outlook:
In summary, the Global Shellac Market is a dynamic and growing sector, with a wide range of applications across various industries. The market is expected to grow at a steady pace, driven by the increasing demand for shellac in various industries. The dominance of Wax Containing Shellac in the market highlights the versatility and wide-ranging applications of this type of shellac. As the market continues to evolve, it will be interesting to see how the demand for different types of shellac changes and how manufacturers respond to these changes.
| Report Metric | Details |
| Report Name | Shellac Market |
| Accounted market size in 2023 | US$ 159 million |
| Forecasted market size in 2030 | US$ 181.7 million |
| CAGR | 1.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
