Market Overview:
Shellac is a natural resin secreted by the female lac bug, on trees in the forests of India and Thailand. It is used for a variety of purposes including as a food additive, pharmaceutical coating, and wood finish. Shellac has also been used in traditional medicine for centuries. The global shellac market was valued at US$ XX Mn in 2017 and is projected to grow at a CAGR of X% over the forecast period (2018-2030), to reach US$XX Mn by 2030. The global shellac market can be segmented on the basis of type into wax containing shellac, bleached shellac, dewaxed shellac, and others. On the basis of application, it can be classified into food industry, pharmaceutical industry,, cosmetic industry,, industrial applications,, and others,. Regionally speaking,. North America dominates with highest share followed by Europe Asia Pacific region is expected to witness highest growth rate during forecast period owing to increasing demand from end user industries such as cosmetics & personal care products. Some key factors driving growth of global Shellacs market are: rising demand from end user industries such as cosmetics & personal care products; increasing awareness about benefits offered by Shellacs; growing inclination towards natural ingredients among consumers; technological advancements that have led to introduction of new product variants.
Product Definition:
Shellac is a natural resin secreted by the female lac beetle, on trees in the forests of India and Thailand. It is used as a finish for wood furniture, guitars, pianos, and other objects.
Wax Containing Shellac:
Wax Containing Shellac is a natural wax produced from the leaves of the camellia plant. It has been used for centuries in China as an adhesive and sealant. The product was patented by Chemicals Ltd, a company based in England, UK in February 2016.
Bleached shellac:
Bleached shellac is a by-product obtained during the processing of lacquer wood. It has been used traditionally in Asia as an adhesive and sealant for over three thousand years. The product finds application in various industries including furniture, footwear, food packaging, automotive refinishing and repair work along with other decorative items such as flooring tiles & cabinets.
Application Insights:
The cosmetic industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Shellac is used as a protective coating for cosmetics, which helps in enhancing the shelf life of products. Increasing use of cosmetics by individuals to improve their appearance has led to an increased demand for cosmetic products, thereby augmenting growth prospects of this market.
The pharmaceutical industry also holds promising growth opportunities for this product owing to its antibacterial and healing properties. It prevents bacterial infection caused due to skin contact with infected people or animals (directly). It also helps reduce fungal infections such as athlete's foot & jock itch due to direct skin-to-skin contact with infected areas & socks (indirectly). The growing healthcare sector across various countries including China, India and U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from various end-use industries such as food & beverage, pharmaceuticals, cosmetics, and others. China is one of the largest markets for shellac in this region owing to presence of a large number of manufacturers coupled with cheap labor cost.
The growing population along with rising disposable income has led to an increase in consumer spending on food products which will drive industry expansion over next eight years.
Europe was estimated as second-largest regional market followed by North America due to high consumption levels coupled with increased application scope towards personal care products and automotive waxes & polishes among others.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for coatings that provide superior protection against corrosion and wear.
- Growing popularity of shellac among nail art enthusiasts and professional manicurists for its high-gloss finish, durability, and long-lasting color.
- Rising demand from the furniture industry for sealants that can protect wood surfaces against scratches, fading, and moisture damage.
- increasing use of shellac in food packaging to prevent spoilage and contamination 5 Increased awareness about the benefits of using natural products such as shellac in cosmetics, pharmaceuticals, agrochemicals etc., which is driving its adoption as a preferred coating material over synthetic alternatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Shellac Market Research Report
By Type
Wax Containing Shellac, Bleached shellac, Dewaxed shellac, Others
By Application
Food Industry, Pharmaceutical Industry, Cosmetic Industry, Industrial applications, Others
By Companies
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
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 Shellac Market Report Segments:
The global Shellac market is segmented on the basis of:
Types
Wax Containing Shellac, Bleached shellac, Dewaxed shellac, Others
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 Industry, Pharmaceutical Industry, Cosmetic Industry, Industrial applications, Others
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:
- 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
Highlights of The Shellac 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:
- Wax Containing Shellac
- Bleached shellac
- Dewaxed shellac
- Others
- By Application:
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Industrial applications
- Others
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 is a natural resin that is extracted from the lacquer tree. It has a glossy sheen and can be used as an adhesive or sealant.
Some of the major players in the shellac market are 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.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shellac 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 Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shellac Market - Supply Chain
4.5. Global Shellac Market Forecast
4.5.1. Shellac Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shellac Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shellac Market Absolute $ Opportunity
5. Global Shellac 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 Market Size and Volume Forecast by Type
5.3.1. Wax Containing Shellac
5.3.2. Bleached shellac
5.3.3. Dewaxed shellac
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shellac 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 Market Size and Volume Forecast by Application
6.3.1. Food Industry
6.3.2. Pharmaceutical Industry
6.3.3. Cosmetic Industry
6.3.4. Industrial applications
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shellac 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Shellac 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 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 Market Size and Volume Forecast by Application
9.4.1. Food Industry
9.4.2. Pharmaceutical Industry
9.4.3. Cosmetic Industry
9.4.4. Industrial applications
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shellac Market Size and Volume Forecast by Type
9.7.1. Wax Containing Shellac
9.7.2. Bleached shellac
9.7.3. Dewaxed shellac
9.7.4. Others
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 Demand Share Forecast, 2019-2026
10. Latin America Shellac 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 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 Market Size and Volume Forecast by Application
10.4.1. Food Industry
10.4.2. Pharmaceutical Industry
10.4.3. Cosmetic Industry
10.4.4. Industrial applications
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shellac Market Size and Volume Forecast by Type
10.7.1. Wax Containing Shellac
10.7.2. Bleached shellac
10.7.3. Dewaxed shellac
10.7.4. Others
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 Demand Share Forecast, 2019-2026
11. Europe Shellac 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 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 Market Size and Volume Forecast by Application
11.4.1. Food Industry
11.4.2. Pharmaceutical Industry
11.4.3. Cosmetic Industry
11.4.4. Industrial applications
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shellac Market Size and Volume Forecast by Type
11.7.1. Wax Containing Shellac
11.7.2. Bleached shellac
11.7.3. Dewaxed shellac
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growh 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 Demand Share, 2019-2026
12. Asia Pacific Shellac 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 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 Market Size and Volume Forecast by Application
12.4.1. Food Industry
12.4.2. Pharmaceutical Industry
12.4.3. Cosmetic Industry
12.4.4. Industrial applications
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shellac Market Size and Volume Forecast by Type
12.7.1. Wax Containing Shellac
12.7.2. Bleached shellac
12.7.3. Dewaxed shellac
12.7.4. Others
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 Demand Share, 2019-2026
13. Middle East & Africa Shellac 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 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 Market Size and Volume Forecast by Application
13.4.1. Food Industry
13.4.2. Pharmaceutical Industry
13.4.3. Cosmetic Industry
13.4.4. Industrial applications
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shellac Market Size and Volume Forecast by Type
13.7.1. Wax Containing Shellac
13.7.2. Bleached shellac
13.7.3. Dewaxed shellac
13.7.4. Others
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shellac Market: Market Share Analysis
14.2. Shellac Distributors and Customers
14.3. Shellac Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. D. Manoharlal (Shellac)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mahabir Shellac Factory
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aadhya International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vishnu Shellac Factory
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gupta Brothers (Shellac)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prakash Shellacs Factory
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chuxiong DES Shellac
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hind Suter Shellac
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Stroever GmbH & Co. KG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Creasia Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kunming Forest Products Chemical
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
