Global Shellac Flakes Market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030 from USD 0.9 billion in 2018. The market is driven by the increasing demand for shellac flakes in various applications such as food, cosmetic and pharmaceuticals, papermaking, adhesive, rubber and coating, electrical engineering and textile industries.
The global shellac flakes market has been segmented on the basis of type into purity 99% and purity 90%. Purity 99% accounted for a share of over 50% in 2018 owing to its high quality which makes it suitable for various applications such as food packaging material or pharmaceuticals coating material. Purity 90%, on the other hand, is used mainly in papermaking industry due to its low cost and availability of raw materials such as wood pulp or cotton linters which are cheaper than those used for making pure shellac flakes.
The global shellac flakes market has been segmented on the basis of application into food & beverage packaging material (including alcoholic beverages), cosmetic & personal care products (including nail polish), pharmaceuticals & medical devices (including surgical instruments), papermaking industry (such as printing ink) adhesive industry (such as glue), rubber & coatings industry (such as paint) electrical engineering industry (such as insulation) textile industry including clothing manufacturing.
Some Of The Growth Factors Of This Market:
- Shellac flakes are used in the production of paints, varnishes, and lacquers.
- The demand for shellac flakes is expected to increase due to the increasing demand for paints, varnishes, and lacquers in emerging economies such as China and India.
- Shellac flakes are also used as a coating on wood products such as furniture or flooring to protect them from moisture damage or insect infestation.
- The use of shellac flakes in furniture coatings is expected to increase due to the increasing popularity of natural materials such as wood among consumers who want environmentally friendly products that are not chemically treated with toxic substances like formaldehyde or urea-formaldehyde resins (UF).
Industry Growth Insights published a new data on “Shellac Flakes Market”. The research report is titled “Shellac Flakes Market research by Types (Purity 99%, Purity 90%, Other), By Applications (Food, Cosmetic and Pharmaceuticals, Papermaking, Adhesive, Rubber and Coating, Electrical, Engineering, Textile, Other), By Players/Companies WellerMart, Rust-Oleum, Brooklyn Tool and Craft, Klean-Strip/Wm Barr, Instrument Clinic, Waymil, Liberon, J.E. Moser's, Barrington Chemical Corp, Daebong Incheon factory”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shellac Flakes Market Research Report
By Type
Purity 99%, Purity 90%, Other
By Application
Food, Cosmetic and Pharmaceuticals, Papermaking, Adhesive, Rubber and Coating, Electrical, Engineering, Textile, Other
By Companies
WellerMart, Rust-Oleum, Brooklyn Tool and Craft, Klean-Strip/Wm Barr, Instrument Clinic, Waymil, Liberon, J.E. Moser's, Barrington Chemical Corp, Daebong Incheon factory
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Shellac Flakes Market Report Segments:
The global Shellac Flakes market is segmented on the basis of:
Types
Purity 99%, Purity 90%, 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
Food, Cosmetic and Pharmaceuticals, Papermaking, Adhesive, Rubber and Coating, Electrical, Engineering, Textile, 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:
- WellerMart
- Rust-Oleum
- Brooklyn Tool and Craft
- Klean-Strip/Wm Barr
- Instrument Clinic
- Waymil
- Liberon
- J.E. Moser's
- Barrington Chemical Corp
- Daebong Incheon factory
Highlights of The Shellac Flakes 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 99%
- Purity 90%
- Other
- By Application:
- Food
- Cosmetic and Pharmaceuticals
- Papermaking, Adhesive, Rubber and Coating
- Electrical
- Engineering
- Textile
- 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 Shellac Flakes 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.
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- Correctly Positioning New Products
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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?
Shellac flakes are a type of lacquer that is made from the resin of the shellac tree. Shellac is a hard, glossy finish that can be used on wood, metal, or other surfaces.
Some of the major companies in the shellac flakes market are WellerMart, Rust-Oleum, Brooklyn Tool and Craft, Klean-Strip/Wm Barr, Instrument Clinic, Waymil, Liberon, J.E. Moser's, Barrington Chemical Corp, Daebong Incheon factory.
The shellac flakes market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shellac Flakes 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. Shellac Flakes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shellac Flakes Market - Supply Chain
4.5. Global Shellac Flakes Market Forecast
4.5.1. Shellac Flakes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shellac Flakes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shellac Flakes Market Absolute $ Opportunity
5. Global Shellac Flakes 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. Shellac Flakes Market Size and Volume Forecast by Type
5.3.1. Purity 99%
5.3.2. Purity 90%
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shellac Flakes 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. Shellac Flakes Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Cosmetic and Pharmaceuticals
6.3.3. Papermaking, Adhesive, Rubber and Coating
6.3.4. Electrical
6.3.5. Engineering
6.3.6. Textile
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shellac Flakes 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. Shellac Flakes 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 Shellac Flakes 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. Shellac Flakes 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 Shellac Flakes Demand Share Forecast, 2019-2026
9. North America Shellac Flakes 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 Shellac Flakes 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 Shellac Flakes Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Cosmetic and Pharmaceuticals
9.4.3. Papermaking, Adhesive, Rubber and Coating
9.4.4. Electrical
9.4.5. Engineering
9.4.6. Textile
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shellac Flakes Market Size and Volume Forecast by Type
9.7.1. Purity 99%
9.7.2. Purity 90%
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 Shellac Flakes Demand Share Forecast, 2019-2026
10. Latin America Shellac Flakes 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 Shellac Flakes 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 Shellac Flakes Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Cosmetic and Pharmaceuticals
10.4.3. Papermaking, Adhesive, Rubber and Coating
10.4.4. Electrical
10.4.5. Engineering
10.4.6. Textile
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shellac Flakes Market Size and Volume Forecast by Type
10.7.1. Purity 99%
10.7.2. Purity 90%
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 Shellac Flakes Demand Share Forecast, 2019-2026
11. Europe Shellac Flakes 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 Shellac Flakes 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 Shellac Flakes Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Cosmetic and Pharmaceuticals
11.4.3. Papermaking, Adhesive, Rubber and Coating
11.4.4. Electrical
11.4.5. Engineering
11.4.6. Textile
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shellac Flakes Market Size and Volume Forecast by Type
11.7.1. Purity 99%
11.7.2. Purity 90%
11.7.3. Other
11.8. Basis Point Share (PS) 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 Shellac Flakes Demand Share, 2019-2026
12. Asia Pacific Shellac Flakes 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 Shellac Flakes 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 Shellac Flakes Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Cosmetic and Pharmaceuticals
12.4.3. Papermaking, Adhesive, Rubber and Coating
12.4.4. Electrical
12.4.5. Engineering
12.4.6. Textile
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shellac Flakes Market Size and Volume Forecast by Type
12.7.1. Purity 99%
12.7.2. Purity 90%
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 Shellac Flakes Demand Share, 2019-2026
13. Middle East & Africa Shellac Flakes 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 Shellac Flakes 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 Shellac Flakes Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Cosmetic and Pharmaceuticals
13.4.3. Papermaking, Adhesive, Rubber and Coating
13.4.4. Electrical
13.4.5. Engineering
13.4.6. Textile
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shellac Flakes Market Size and Volume Forecast by Type
13.7.1. Purity 99%
13.7.2. Purity 90%
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 Shellac Flakes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shellac Flakes Market: Market Share Analysis
14.2. Shellac Flakes Distributors and Customers
14.3. Shellac Flakes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WellerMart
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rust-Oleum
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Brooklyn Tool and Craft
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Klean-Strip/Wm Barr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Instrument Clinic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Waymil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Liberon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. J.E. Moser's
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Barrington Chemical Corp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daebong Incheon factory
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
