Shellac is a sticky secretion from East Asian lac insects. It is a type of natural plastic and can be easily shaped underweight and heat techniques. It is yellow or brownish-orange in color and has properties of being translucent and shiny. Shellac is heated, refined and then applied on fruits, vegetables, candy, and pills. It is considered to be safe for consumption and also preserves products from shrinkage and decomposition. Moreover, it also helps to extend the shelf life of the products.
MARKET DYNAMICS
The shellac market has witnessed a significant growth owing to factors such as rapid urbanization in developing countries in the Asia Pacific along with a rise in income level, changing lifestyle, and increasing employment rate. Moreover, high investment in research and development by key players and an increase in the application of shellac is expected to further boost the market growth 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. However, factors such as shortage of raw material which leads to fluctuation in prices and high initial invetsmen may cause a hindrance to the growth rate.
MARKET SCOPE
The "Global Shellac Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the shellac market with detailed market segmentation by function, type, end-user industry, and geography. The global shellac market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shellac market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shellac market is segmented on the basis of function, type and end-user industry. On the basis of function, the shellac market is segmented into glazing agent, coating agent and surface finishing agent. The shellac market on the basis of the type is classified into waxed shellac, dewaxed shellac and bleached shellac. Based on end-user industry the global shellac market is bifurcated into fruit coating, cosmetics, pharmaceuticals, paints & varnishes, textile, industrial and others.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shellac market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The shellac market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shellac market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the shellac market in these regions.
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MARKET PLAYERS
The reports cover key developments in the shellac market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from shellac market are anticipated to lucrative growth opportunities in the future with the rising demand for shellac in the global market. Below mentioned is the list of few companies engaged in the shellac market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shellac market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
D. Manoharlal (Shellac) Pvt. Ltd.
Gifu Shellac Mfg Co., Ltd.,
Jagdamba Lac Factory
Mahabir Shellac
Shri Gopal Shellac Industries
Stroever GmbH & Co. KG
Tajna Shellac Pvt. Ltd.
THE JAPAN SHELLAC INDUSTRIES, LTD.
Tolaram Overseas Corporation
Vishnu Shellac Factory
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TABLE OF CONTENTS
1. INTRODUCTION 1.1. SCOPE OF THE STUDY 1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 1.3. MARKET SEGMENTATION 1.3.1 Shellac Market - By Function 1.3.2 Shellac Market - By Type 1.3.3 Shellac Market - By End-User Industry 1.3.4 Shellac Market - By Region 1.3.4.1 By Country 2. KEY TAKEWAYS 3. RESEARCH METHODOLOGY 4. SHELLAC MARKET LANDSCAPE 4.1. OVERVIEW 4.2. PEST ANALYSIS 4.2.1 North America - Pest Analysis 4.2.2 Europe - Pest Analysis 4.2.3 Asia-Pacific - Pest Analysis 4.2.4 Middle East and Africa - Pest Analysis 4.2.5 South and Central America - Pest Analysis 4.3. EXPERT OPINIONS 5. SHELLAC MARKET - KEY MARKET DYNAMICS 5.1. KEY MARKET DRIVERS 5.2. KEY MARKET RESTRAINTS 5.3. KEY MARKET OPPORTUNITIES 5.4. FUTURE TRENDS 5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC 6. SHELLAC MARKET - GLOBAL MARKET ANALYSIS 6.1. SHELLAC - GLOBAL MARKET OVERVIEW 6.2. SHELLAC - GLOBAL MARKET AND FORECAST TO 2028 6.3. MARKET POSITIONING/MARKET SHARE 7. SHELLAC MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION 7.1. OVERVIEW 7.2. FUNCTION MARKET FORECASTS AND ANALYSIS 7.3. GLAZING AGENT 7.3.1. Overview 7.3.2. Glazing Agent Market Forecast and Analysis 7.4. COATING AGENT 7.4.1. Overview 7.4.2. Coating Agent Market Forecast and Analysis 7.5. SURFACE FINISHING AGENT 7.5.1. Overview 7.5.2. Surface finishing Agent Market Forecast and Analysis 8. SHELLAC MARKET - REVENUE AND FORECASTS TO 2028 - TYPE 8.1. OVERVIEW 8.2. TYPE MARKET FORECASTS AND ANALYSIS 8.3. WAXED SHELLAC 8.3.1. Overview 8.3.2. Waxed Shellac Market Forecast and Analysis 8.4. DEWAXED SHELLAC 8.4.1. Overview 8.4.2. Dewaxed Shellac Market Forecast and Analysis 8.5. BLEACHED SHELLAC 8.5.1. Overview 8.5.2. Bleached shellac Market Forecast and Analysis 9. SHELLAC MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY 9.1. OVERVIEW 9.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS 9.3. FRUIT COATING 9.3.1. Overview 9.3.2. Fruit Coating Market Forecast and Analysis 9.4. COSMETICS 9.4.1. Overview 9.4.2. Cosmetics Market Forecast and Analysis 9.5. PHARMACEUTICALS 9.5.1. Overview 9.5.2. Pharmaceuticals Market Forecast and Analysis 9.6. PAINTS & VARNISHES 9.6.1. Overview 9.6.2. Paints & Varnishes Market Forecast and Analysis 9.7. TEXTILE 9.7.1. Overview 9.7.2. Textile Market Forecast and Analysis 9.8. INDUSTRIAL 9.8.1. Overview 9.8.2. Industrial Market Forecast and Analysis 9.9. Others 9.9.1. Overview 9.9.2. Others Market Forecast and Analysis 10. SHELLAC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS 10.1. NORTH AMERICA 10.1.1 North America Shellac Market Overview 10.1.2 North America Shellac Market Forecasts and Analysis 10.1.3 North America Shellac Market Forecasts and Analysis - By Function 10.1.4 North America Shellac Market Forecasts and Analysis - By Type 10.1.5 North America Shellac Market Forecasts and Analysis - By End-User Industry 10.1.6 North America Shellac Market Forecasts and Analysis - By Countries 10.1.6.1 United States Shellac Market 10.1.6.1.1 United States Shellac Market by Function 10.1.6.1.2 United States Shellac Market by Type 10.1.6.1.3 United States Shellac Market by End-User Industry 10.1.6.2 Canada Shellac Market 10.1.6.2.1 Canada Shellac Market by Function 10.1.6.2.2 Canada Shellac Market by Type 10.1.6.2.3 Canada Shellac Market by End-User Industry 10.1.6.3 Mexico Shellac Market 10.1.6.3.1 Mexico Shellac Market by Function 10.1.6.3.2 Mexico Shellac Market by Type 10.1.6.3.3 Mexico Shellac Market by End-User Industry 10.2. EUROPE 10.2.1 Europe Shellac Market Overview 10.2.2 Europe Shellac Market Forecasts and Analysis 10.2.3 Europe Shellac Market Forecasts and Analysis - By Function 10.2.4 Europe Shellac Market Forecasts and Analysis - By Type 10.2.5 Europe Shellac Market Forecasts and Analysis - By End-User Industry 10.2.6 Europe Shellac Market Forecasts and Analysis - By Countries 10.2.6.1 Germany Shellac Market 10.2.6.1.1 Germany Shellac Market by Function 10.2.6.1.2 Germany Shellac Market by Type 10.2.6.1.3 Germany Shellac Market by End-User Industry 10.2.6.2 France Shellac Market 10.2.6.2.1 France Shellac Market by Function 10.2.6.2.2 France Shellac Market by Type 10.2.6.2.3 France Shellac Market by End-User Industry 10.2.6.3 Italy Shellac Market 10.2.6.3.1 Italy Shellac Market by Function 10.2.6.3.2 Italy Shellac Market by Type 10.2.6.3.3 Italy Shellac Market by End-User Industry 10.2.6.4 United Kingdom Shellac Market 10.2.6.4.1 United Kingdom Shellac Market by Function 10.2.6.4.2 United Kingdom Shellac Market by Type 10.2.6.4.3 United Kingdom Shellac Market by End-User Industry 10.2.6.5 Russia Shellac Market 10.2.6.5.1 Russia Shellac Market by Function 10.2.6.5.2 Russia Shellac Market by Type 10.2.6.5.3 Russia Shellac Market by End-User Industry 10.2.6.6 Rest of Europe Shellac Market 10.2.6.6.1 Rest of Europe Shellac Market by Function 10.2.6.6.2 Rest of Europe Shellac Market by Type 10.2.6.6.3 Rest of Europe Shellac Market by End-User Industry 10.3. ASIA-PACIFIC 10.3.1 Asia-Pacific Shellac Market Overview 10.3.2 Asia-Pacific Shellac Market Forecasts and Analysis 10.3.3 Asia-Pacific Shellac Market Forecasts and Analysis - By Function 10.3.4 Asia-Pacific Shellac Market Forecasts and Analysis - By Type 10.3.5 Asia-Pacific Shellac Market Forecasts and Analysis - By End-User Industry 10.3.6 Asia-Pacific Shellac Market Forecasts and Analysis - By Countries 10.3.6.1 Australia Shellac Market 10.3.6.1.1 Australia Shellac Market by Function 10.3.6.1.2 Australia Shellac Market by Type 10.3.6.1.3 Australia Shellac Market by End-User Industry 10.3.6.2 China Shellac Market 10.3.6.2.1 China Shellac Market by Function 10.3.6.2.2 China Shellac Market by Type 10.3.6.2.3 China Shellac Market by End-User Industry 10.3.6.3 India Shellac Market 10.3.6.3.1 India Shellac Market by Function 10.3.6.3.2 India Shellac Market by Type 10.3.6.3.3 India Shellac Market by End-User Industry 10.3.6.4 Japan Shellac Market 10.3.6.4.1 Japan Shellac Market by Function 10.3.6.4.2 Japan Shellac Market by Type 10.3.6.4.3 Japan Shellac Market by End-User Industry 10.3.6.5 South Korea Shellac Market 10.3.6.5.1 South Korea Shellac Market by Function 10.3.6.5.2 South Korea Shellac Market by Type 10.3.6.5.3 South Korea Shellac Market by End-User Industry 10.3.6.6 Rest of Asia-Pacific Shellac Market 10.3.6.6.1 Rest of Asia-Pacific Shellac Market by Function 10.3.6.6.2 Rest of Asia-Pacific Shellac Market by Type 10.3.6.6.3 Rest of Asia-Pacific Shellac Market by End-User Industry 10.4. MIDDLE EAST AND AFRICA 10.4.1 Middle East and Africa Shellac Market Overview 10.4.2 Middle East and Africa Shellac Market Forecasts and Analysis 10.4.3 Middle East and Africa Shellac Market Forecasts and Analysis - By Function 10.4.4 Middle East and Africa Shellac Market Forecasts and Analysis - By Type 10.4.5 Middle East and Africa Shellac Market Forecasts and Analysis - By End-User Industry 10.4.6 Middle East and Africa Shellac Market Forecasts and Analysis - By Countries 10.4.6.1 South Africa Shellac Market 10.4.6.1.1 South Africa Shellac Market by Function 10.4.6.1.2 South Africa Shellac Market by Type 10.4.6.1.3 South Africa Shellac Market by End-User Industry 10.4.6.2 Saudi Arabia Shellac Market 10.4.6.2.1 Saudi Arabia Shellac Market by Function 10.4.6.2.2 Saudi Arabia Shellac Market by Type 10.4.6.2.3 Saudi Arabia Shellac Market by End-User Industry 10.4.6.3 U.A.E Shellac Market 10.4.6.3.1 U.A.E Shellac Market by Function 10.4.6.3.2 U.A.E Shellac Market by Type 10.4.6.3.3 U.A.E Shellac Market by End-User Industry 10.4.6.4 Rest of Middle East and Africa Shellac Market 10.4.6.4.1 Rest of Middle East and Africa Shellac Market by Function 10.4.6.4.2 Rest of Middle East and Africa Shellac Market by Type 10.4.6.4.3 Rest of Middle East and Africa Shellac Market by End-User Industry 10.5. SOUTH AND CENTRAL AMERICA 10.5.1 South and Central America Shellac Market Overview 10.5.2 South and Central America Shellac Market Forecasts and Analysis 10.5.3 South and Central America Shellac Market Forecasts and Analysis - By Function 10.5.4 South and Central America Shellac Market Forecasts and Analysis - By Type 10.5.5 South and Central America Shellac Market Forecasts and Analysis - By End-User Industry 10.5.6 South and Central America Shellac Market Forecasts and Analysis - By Countries 10.5.6.1 Brazil Shellac Market 10.5.6.1.1 Brazil Shellac Market by Function 10.5.6.1.2 Brazil Shellac Market by Type 10.5.6.1.3 Brazil Shellac Market by End-User Industry 10.5.6.2 Argentina Shellac Market 10.5.6.2.1 Argentina Shellac Market by Function 10.5.6.2.2 Argentina Shellac Market by Type 10.5.6.2.3 Argentina Shellac Market by End-User Industry 10.5.6.3 Rest of South and Central America Shellac Market 10.5.6.3.1 Rest of South and Central America Shellac Market by Function 10.5.6.3.2 Rest of South and Central America Shellac Market by Type 10.5.6.3.3 Rest of South and Central America Shellac Market by End-User Industry 11. INDUSTRY LANDSCAPE 11.1. MERGERS AND ACQUISITIONS 11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES 11.3. NEW PRODUCT LAUNCHES 11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS 12. SHELLAC MARKET, KEY COMPANY PROFILES 12.1. D. MANOHARLAL (SHELLAC) PVT. LTD. 12.1.1. Key Facts 12.1.2. Business Description 12.1.3. Products and Services 12.1.4. Financial Overview 12.1.5. SWOT Analysis 12.1.6. Key Developments 12.2. GIFU SHELLAC MFG CO., LTD., 12.2.1. Key Facts 12.2.2. Business Description 12.2.3. Products and Services 12.2.4. Financial Overview 12.2.5. SWOT Analysis 12.2.6. Key Developments 12.3. JAGDAMBA LAC FACTORY 12.3.1. Key Facts 12.3.2. Business Description 12.3.3. Products and Services 12.3.4. Financial Overview 12.3.5. SWOT Analysis 12.3.6. Key Developments 12.4. MAHABIR SHELLAC 12.4.1. Key Facts 12.4.2. Business Description 12.4.3. Products and Services 12.4.4. Financial Overview 12.4.5. SWOT Analysis 12.4.6. Key Developments 12.5. SHRI GOPAL SHELLAC INDUSTRIES 12.5.1. Key Facts 12.5.2. Business Description 12.5.3. Products and Services 12.5.4. Financial Overview 12.5.5. SWOT Analysis 12.5.6. Key Developments 12.6. STROEVER GMBH & CO. KG 12.6.1. Key Facts 12.6.2. Business Description 12.6.3. Products and Services 12.6.4. Financial Overview 12.6.5. SWOT Analysis 12.6.6. Key Developments 12.7. TAJNA SHELLAC PVT. LTD. 12.7.1. Key Facts 12.7.2. Business Description 12.7.3. Products and Services 12.7.4. Financial Overview 12.7.5. SWOT Analysis 12.7.6. Key Developments 12.8. THE JAPAN SHELLAC INDUSTRIES, LTD. 12.8.1. Key Facts 12.8.2. Business Description 12.8.3. Products and Services 12.8.4. Financial Overview 12.8.5. SWOT Analysis 12.8.6. Key Developments 12.9. TOLARAM OVERSEAS CORPORATION 12.9.1. Key Facts 12.9.2. Business Description 12.9.3. Products and Services 12.9.4. Financial Overview 12.9.5. SWOT Analysis 12.9.6. Key Developments 12.10. VISHNU SHELLAC FACTORY 12.10.1. Key Facts 12.10.2. Business Description 12.10.3. Products and Services 12.10.4. Financial Overview 12.10.5. SWOT Analysis 12.10.6. Key Developments 13. APPENDIX 13.1. ABOUT THE INSIGHT PARTNERS 13.2. GLOSSARY OF TERMS
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