Allantoin Market Share - Industry Size, Growth Report 2024 | Top Key Players Ashland, Clariant, Rita Corporation, Akema Fine Chemicals S.r.l., EMD Performance Materials
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The global allatoin market size is negatively influenced by ban executed on comfrey extracts, as the product is extracted from comfrey plants. The U.S., Europe and Australia has strict regulatory bans on these products, which may hamper the overall industry growth over the estimated timeframe. In 2001, the U.S. FDA for imposed strict ban on these products for internal use. Additionally, limited consumer awareness about the product in the Middle East & Africa and Latin America shall obstruct industry growth. However, booming product demand across cosmetic formulations due to its value-added properties will open up industry growth prospects.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. Rita Corporation
4. Akema Fine Chemicals S.r.l.
5. Huanghua Pengfa Chemical Co.,Ltd
6. Zhanhua Jinyuan Lide Biotechnology Co. Ltd.
7. Allan Chemical Corporation
8. EMD Performance Materials
9. Luotian Guanghui Chemical Co. Ltd.
10. Lubon Industry Co., Ltd.
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The overall allantoin market share for pharmaceutical shall witness maximum growth more than 6% by 2023. Increasing consumer spending towards medical care due to growing awareness shall positively impact on the business growth over the coming years. Oral hygiene will witness gains at over 6% CAGR and generate revenue at over USD 170 million by 2023. Rapidly growing oral care industry globally will consequently boost the industry size by 2023.
Allantoin Market By Application
• Oral hygiene
Browse key industry insights spread across 66 pages with 48 market data tables & 13 figures & charts from the report, “Allantoin Market” in detail along with the table of contents:
In 2015, North America, led by the U.S, allantoin market share was valued at over USD 120 million. Prevalence of prominent pharmaceutical manufacturers in the U.S. is one among the major factor propelling regional growth. Asia Pacific, led by India and China, comprised for the largest chunk of the overall allantoin market share and is projected to observe maximum growth at over 6% over the estimated period. Improving consumer lifestyle in China and India has significantly propelled the overall cosmetics industry, which will consequently boost the business growth.
Key companies in the global allantoin market share are EMD Performance Materials, Lubon Industry, Clariant, Ashland, Rita Corp and Huanghua Suntime.
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