Market Overview:
The global sandarac (sandarach) market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for sandarac in various applications such as fragrance, medical, pharmaceuticals, coatings and others. Additionally, the growing awareness about the benefits of sandarac is also propelling the growth of this market. Based on type, purity 98% held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its properties such as high purity and good solubility in various solvents. Purity 99% segment is projected to grow at a higher CAGR owing to its properties such as high purity and better color stability than other types of sandarac available in the market. Based on application, fragrance held a major share in 2017.
Product Definition:
Sandarac (Sandarach) is a red, brittle resin obtained from the sap of various species of cypress. It is used in varnishes and lacquers, and as a fixative for perfumes.
Purity 98%:
Purity 98% is a type of very high purity (VHP) alcohol. It is also known as 1-Ethyl-4-methylpentanoic acid or Esterified methyl Pentanoate (EMPP). It has the chemical formula C3H8O2.
It's an ester that can be derived from ethyl acetate.
Purity 99%:
Purity 99% is a type of very high purity alcohol that has been characterized by the U.S. Food and Drug Administration (FDA) asGRAS (Generally Recognized As Safe). It is produced by the catalytic hydration of ethyl acetate, which is derived from ethylene oxide in a process known as O-ethylation.
Application Insights:
The fragrance segment led the global sandarac (Sandarach) market and accounted for more than 54.0% share of the overall revenue in 2017. The product is widely used as a fragrance ingredient owing to its sweet, woody and musky notes that are similar to those of sandalwood. These notes make it suitable for use in perfumes, hence driving demand globally over the forecast period.
Medical application is expected to be one of the fastest-growing segments with a CAGR around 9% from 2018 to 2030 owing to increasing usage as an antidiabetic agent and antioxidant therapy in various medical applications such as mouthwash, syrups, tablets & powders among others.
Regional Analysis:
Asia Pacific dominated the global sandarac market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand from various end-use industries, such as fragrance and pharmaceutical. In addition, rising awareness regarding cosmetic products made using natural ingredients is anticipated to propel industry expansion over the coming years.
The Middle East & Africa region is projected to register a higher CAGR than Asia Pacific due to high oil production which has led it being called "the sick man of Europe". Sandarac can be used as an additive in drilling fluids for reducing viscosity and improving penetration properties of oils resulting in increased oil recovery rates thus boosting industry growth across this region.
North America accounted for a small share of overall revenue generated by the global market on account of low product consumption from end-use industries such as drilling fluids.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, sealants, adhesives, and composites
- Rising awareness about the benefits of sandarac among consumers
- Growing popularity of sandarac as a natural ingredient in various products
- Technological advancements in the production of sandarac resin that improve its quality and purity
- Expansion of distribution channels for selling sandarac resin
Scope Of The Report
Report Attributes
Report Details
Report Title
Sandarac (Sandarach) Market Research Report
By Type
Purity 98%, Purity 99%, Other
By Application
Fragrance, Medical, Pharmaceutical, Coatings, Other
By Companies
Parchem Fine & Specialty Chemicals, Pangaea Sciences, Sinopharm Chemical Reagent, Thew Arnott & Co, Scents of Earth, The Good Scents Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Sandarac (Sandarach) Market Report Segments:
The global Sandarac (Sandarach) market is segmented on the basis of:
Types
Purity 98%, Purity 99%, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fragrance, Medical, Pharmaceutical, Coatings, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parchem Fine & Specialty Chemicals
- Pangaea Sciences
- Sinopharm Chemical Reagent
- Thew Arnott & Co
- Scents of Earth
- The Good Scents Company
Highlights of The Sandarac (Sandarach) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 98%
- Purity 99%
- Other
- By Application:
- Fragrance
- Medical
- Pharmaceutical
- Coatings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sandarac (Sandarach) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sandarac is a medication used to treat anxiety and depression. It is also used to treat other conditions as determined by your doctor.
Some of the key players operating in the sandarac (sandarach) market are Parchem Fine & Specialty Chemicals, Pangaea Sciences, Sinopharm Chemical Reagent, Thew Arnott & Co, Scents of Earth, The Good Scents Company.
The sandarac (sandarach) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sandarac (Sandarach) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sandarac (Sandarach) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sandarac (Sandarach) Market - Supply Chain
4.5. Global Sandarac (Sandarach) Market Forecast
4.5.1. Sandarac (Sandarach) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sandarac (Sandarach) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sandarac (Sandarach) Market Absolute $ Opportunity
5. Global Sandarac (Sandarach) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sandarac (Sandarach) Market Size and Volume Forecast by Type
5.3.1. Purity 98%
5.3.2. Purity 99%
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sandarac (Sandarach) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sandarac (Sandarach) Market Size and Volume Forecast by Application
6.3.1. Fragrance
6.3.2. Medical
6.3.3. Pharmaceutical
6.3.4. Coatings
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sandarac (Sandarach) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sandarac (Sandarach) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sandarac (Sandarach) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sandarac (Sandarach) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sandarac (Sandarach) Demand Share Forecast, 2019-2026
9. North America Sandarac (Sandarach) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sandarac (Sandarach) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sandarac (Sandarach) Market Size and Volume Forecast by Application
9.4.1. Fragrance
9.4.2. Medical
9.4.3. Pharmaceutical
9.4.4. Coatings
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sandarac (Sandarach) Market Size and Volume Forecast by Type
9.7.1. Purity 98%
9.7.2. Purity 99%
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sandarac (Sandarach) Demand Share Forecast, 2019-2026
10. Latin America Sandarac (Sandarach) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sandarac (Sandarach) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sandarac (Sandarach) Market Size and Volume Forecast by Application
10.4.1. Fragrance
10.4.2. Medical
10.4.3. Pharmaceutical
10.4.4. Coatings
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sandarac (Sandarach) Market Size and Volume Forecast by Type
10.7.1. Purity 98%
10.7.2. Purity 99%
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sandarac (Sandarach) Demand Share Forecast, 2019-2026
11. Europe Sandarac (Sandarach) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sandarac (Sandarach) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sandarac (Sandarach) Market Size and Volume Forecast by Application
11.4.1. Fragrance
11.4.2. Medical
11.4.3. Pharmaceutical
11.4.4. Coatings
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sandarac (Sandarach) Market Size and Volume Forecast by Type
11.7.1. Purity 98%
11.7.2. Purity 99%
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sandarac (Sandarach) Demand Share, 2019-2026
12. Asia Pacific Sandarac (Sandarach) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sandarac (Sandarach) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sandarac (Sandarach) Market Size and Volume Forecast by Application
12.4.1. Fragrance
12.4.2. Medical
12.4.3. Pharmaceutical
12.4.4. Coatings
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sandarac (Sandarach) Market Size and Volume Forecast by Type
12.7.1. Purity 98%
12.7.2. Purity 99%
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sandarac (Sandarach) Demand Share, 2019-2026
13. Middle East & Africa Sandarac (Sandarach) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sandarac (Sandarach) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sandarac (Sandarach) Market Size and Volume Forecast by Application
13.4.1. Fragrance
13.4.2. Medical
13.4.3. Pharmaceutical
13.4.4. Coatings
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sandarac (Sandarach) Market Size and Volume Forecast by Type
13.7.1. Purity 98%
13.7.2. Purity 99%
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sandarac (Sandarach) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sandarac (Sandarach) Market: Market Share Analysis
14.2. Sandarac (Sandarach) Distributors and Customers
14.3. Sandarac (Sandarach) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Parchem Fine & Specialty Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pangaea Sciences
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sinopharm Chemical Reagent
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thew Arnott & Co
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Scents of Earth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Good Scents Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook