Shellac Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


#13804

Future Market Insights

$ 5000

The global shellac market is thriving on account of the significance of shellac in ancient architecture and art. The historic connotation of these products has earned it a mark of prestige, and several class-conscious customers prefer to buy furniture coated with shellac. The demand for shellac has witnessed an upward trajectory over the past decade, majorly due to the use of shellac in new-age construction techniques. Furthermore, the popularity of shellac can also be attributed to the splendid resistance of shellac coatings to moisture.

  • The field of interior designing has become a prominent domain of growth. The use or antiques and retro designs has dominated the contemporary-day landscape. This factor has given a strong impetus to the growth of the global shellac market. Besides, the preference of the masses for wooden furniture has also aided market growth.
  • The field of chemical engineering has also emerged as a key consumer of shellac in recent times. The need to study and analyze the properties of this product has given a thrust to market growth. Besides, increasing demand for orange shellac for decorative wood paneling is a prominent market trend.
  • Shellac has replaced vinyl for a variety of purposes, and this factor has played a vital role in market growth. It is safe to assert that shellac sales would grow as consumers shift from vinyl coatings to the more protective and strong shellac coatings.

The Europe shellac market is ascending the ladder of growth in recent times. The popularity of vintage styles for interior designing and wooden work in the region has aided market growth.

Shellac is a natural bioadhesive polymer and is artificially like synthetic polymers, and thus can be viewed as a natural type of plastic. Thermoplastic is likewise classified as shellac is transformed into molding compound when mixed with flour and shaped under heat and weight techniques. The shellac is formed by secretion of raisins and is handled and sold as dry flakes, quickly dissolved in ethanol to make liquid shellac, which is used as a food glaze, brush-on colorant, and wood wrap up. The shellac has three main components namely hard resin, soft resin, and wax. Shellac is brownish-orange or yellow in color and has few properties of shinning and translucent. Shellac is insoluble in water. With ethanol, it gives an opalescent solution i.e. wax containing shellac and bleached shellac or gives a clear solution bleached and dewaxed shellac. Whenever warmed, it is sparingly solvent or dissolvable in alkaline solutions.

Global Shellac: Market Dynamics:

Processed food and confectionary product have driven the demand for shellac market. Macroeconomic factor such as growing young generation population, a rise in per capita income, change in lifestyle, rapid rate of urbanization and employment rate are some of the factors which also drive the demand of global shellac market. However, a rise in price and shortage of shellac are expected to restrain the shellac market overestimated period. Moreover, few people face the problem of allergy. Shellac also cause a problem for pregnant women. High investment costs and price of the product act as a challenge for the new entrant in the market. The increase in research and development for an increase in the application of shellac is expected to provide an opportunity over the forecast period. The company operates in the shellac market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America due to the significantly growing economy.

Global Shellac: Segmentation:

Based on the functional use, shellac market is segmented into:

  • Glazing Agent

  • Coating Agent

  • Surface finishing Agent

Based on the nature of the treatment of crude secretion, shellac market is segmented into:

  • Wax containing shellac

  • Bleached shellac

  • Dewaxed shellac

Based on end-use, the shellac market is segmented into:

  • Food Industry

  • Pharmaceutical Industry

  • Cosmetic Industry

Based on the application, the shellac market is segmented into:

  • Pharmaceutical application

  • Cosmetic

  • Wood polishing

  • Shellac wax

  • Fruit coating

  • Confectionary Glaze

  • Food and food packages

  • Printing inks

  • Abrasives

Based on the region, the shellac market is segmented into:

  • North America

  • Latin America

  • Eastern Europe

  • Western Europe

  • Asia Pacific

  • Japan

  • The Middle East and Africa

Global Shellac: Segmentation Overview:

The global shellac market is segmented by its functional use, nature of the treatment of crude secretion, application, end-use, and region. By functional use, the shellac market is segmented as glazing, coating and surface furnishing agent. The gazing agent is used for fruit layer, parting, and for confectionary and chocolates. The coating agent is used for polishing of wood treatment, nail paints. By nature of the treatment of crude secretion, the shellac market is segmented as wax containing, Bleached, and Dewaxed shellac. Among application segment, the confectionary segment is expected to have the substantial growth rate in shellac market, due to rapidly growing young population across a region. By end-use industry, food industry segment has significant revenue share and is expected to increase, owing to demand of confectionaries by young population. In addition to shellac is used in various wood treatment for high gloss, primers, and mat polishes; Electricals for insulator; Cosmetics includes a binder for mascara, shampoo, film, micro incapsulation; Pharma for coating of a tablet, abrasives binder for grinding wheels; hat manufacturing for stiffening and layer of seeds.

Global Shellac: Regional Outlook:

Among all the regions, Asia-Pacific excluding Japan represent a moderately high value, and volume share of the shellac market attributed rapidly developing young population across the region. The North America region likewise represents the value share in the global shellac showcase with substantial growth rate, due to changing the lifestyle of consumers. Eastern Europe and Japan accounts the moderate value of the share in the global shellac showcase. The developing economy includes Middle East Africa, and Latin America has a generous growth in the global shellac market. Growth in the cosmetic industry leads to an overall positive growth of the shellac market over the forecast period.

Global Shellac: Key Players:

Some of the prominent key players of shellac market are

  • Excom Europe Ltd.,

  • Ferrotex Ltd.

  • Tawheed Usmani Production Co., Ltd.

  • Stroever GmbH & Co. KG

  • D. Manoharlal (Shellac) Pvt.Ltd

  • Licorice Extract Co., Ltd.

  • Vishnu shellac factory

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.