Sandarac Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3707
Sandarac Market size is likely to increase in the coming years owing to altering consumer preference over natural ingredients for coating and painting materials. It is highly flexible and is increasingly used in organic personal care and cosmetic products such as conditioners, creams, and lotions. The aromatic nature of sandarac makes it ideal for manufacturing lacquer and varnish as coating becomes lustrous, hard, and durable.
Sandarac has emerging demand amongst medicinal, food & flavoring developers and consumers globally. It is also used as coating material for metals, leathers, labels and cardboards thereby generating demand in the sandarac market. It is widely utilized in pharmaceutical, fragrances, paint, coating, and personal & cosmetic industry owing to its multiple beneficial advantages such as stomachache, reducing cramps, cold & catarrh. It has unique fragrance, thereby it is used to provide aroma therapy & other medicinal advantages, which relieves insomnia caused due to stress & tension.
Sandarac is a gum largely obtained from a tree Tetraclinis articulata, found in northwest part of Africa. It is even and provides a hard, transparent or white film having excellent color retention, used in lacquers and spirit varnishes. It holds various applications such as making mineral spirit, in pigmentation industry & generating plenty opportunity for manufacturers internationally. It is used to manufacture fragrance and perfumes, it has refreshing fruity & balsamic fragrance which is predicted to expand its utilization in aromatherapy in the forecasted timeframe, thereby stimulating sandarac market demand.
Sandarac gum is used in food industry as food flavoring agent and as a bio-compatible packaging material in the pharmaceutical industry; as a result they are being commercialized with lucrative growth. The high fixative property of sandarac makes it well-suited for making cosmetic and personal care products such as creams, conditioners, and lotions. Moreover changing customer preference over natural materials and personal care consciousness is likely to increase sandarac market demand in the forecasted timeframe.
North America led by Mexico, Canada, and U.S. sandarac market size is predicted to increase over the forecasted period owing to rising preference for organic cosmetic and personal care products among consumers. Regional cosmetics market represents high market share of luxury brands like Dior, Clinique, Clarins, Lancome, & Estee Lauder and it is expected to grow over the forecasted period to surpass USD 100 billion. North America cosmetic market is one among the largest markets for color cosmetics & beauty products, driven by increasing preference for organic, vegan, and natural beauty products to alleviate harmful effects of sun, pollution, sun, and harmful ingredients, which is likely to increase product demand.
Europe sandarac market size driven by France, Italy, UK, and Germany is likely to increase owing to robust growth in food additives and medical industry. Growing research & development activities to advance better drugs from sandarac is predicted to open various growth projections to foster product demand in the forecasted period. Sandarac is a traditional medicine used to release cramps and in making liquor which holds medicinal and relaxation properties. Global herbal medicine market size is expected to grow to USD 110 billion by the end of year 2024 owing to growing consumer awareness regarding the use of herbal medicines, and no side-effects, which should boost product demand.
Asia Pacific, led by India, Japan, and China sandarac market size may see significant growth owing to rising demand from fragrance producing industries. Sandarac has a unique aroma, which makes it ideal for aroma therapy to calm, relax, and eases tension. It has ability to provide relieve from insomnia due to stress, for which it has broad range of applications in medical industry. Regional fragrance market is expected to witness high gains over the forecast period owing to demand from food and beverage, household products, cosmetics, and perfumes, which should stimulate the product demand.
Sandarac market share is fragmented, significantly competitive and includes various manufacturers such as The Good Scents Company, Scents of Earth, Mangalam Organics, and Pangaea Sciences. These companies are concentrating on vertical integration and extension of production abilities for business development. Moreover, exclusive marketing strategies adopted by manufacturers is likely stimulate growth of sandarac market size in the forecasted period.
By Product Type, 2014-2025 (Tons) (USD Million)
- Purity 99%
- Purity 98%
By Applications, 2014-2025 (Tons) (USD Million)
- Food & Beverage
- Paints & Coating
By Form, 2014-2025 (Tons) (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- The Good Scents Company
- Pangaea Sciences
- Scents of Earth
- Sinopharm Chemical Reagent
- Parchem fine & specialty chemicals.
- Mangalam Organics
- Thew Arnott & Co
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