Shellac Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

and India Shellac Market Size
The global Shellac revenue was US$ 159 million in 2022 and is forecast to a readjusted size of US$ 181.7 million by 2029 with a CAGR of 1.9% during the forecast period (2023-2029).

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and India Shellac Market
Shellac is a kind of non-toxic natural gum resin dissolves in a wide variety of alkaline or rapidly drying alcoholic solvents but is resistant to a number of other solvents particularly hydrocarbons. They are widely used in industrial applications, Cosmetics, Food, Pharma, etc.
In India, the Shellac revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global Shellac key players include D. Manoharlal (Shellac), Mahabir Shellac Factory, Aadhya International, Vishnu Shellac Factory, Prakash Shellacs Factory, etc. Global top five manufacturers hold a share about 20%.
India is the largest market, with a share about 50%, followed by Southeast Asia and China, both have a share over 40 percent.
In terms of product, Wax Containing Shellac is the largest segment, with a share over 80%. And in terms of application, the largest application is Industrial Applications, followed by Food Industry, Pharmaceutical Industry, Cosmetic Industry, etc.

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Segment by Type
• Wax Containing Shellac
• Bleached Shellac
• Dewaxed Shellac
• Others

Segment by Application
• Food Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Industrial applications
• Others

By Company

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

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