Global Allantoin Market: Industry Size, Share, Growth, Forecasts
Allantoin is a chemical compound, which falls under the specialty chemical category. It is also known as 5-ureidohydantoin or glyoxyldiureide. Basically, it is the diureide of glyoxylic acid and is manufactured by the degradation of purine nucleobase by urate oxidase. Allantoin is formed by the oxidation of uric acid and by the catabolism of purine. It is found in various plants such as comfrey, chamomile, and wheat sprouts. It is a major intermediate in almost all living beings except human and other higher apes. In humans, the pathway to convert uric acid to allantoin is absent. Allantoin can be processed chemically as well as naturally and is safe as a compound. In research, it was observed that the use of allantoin increased the insulin resistance in rats and extended the lifespan of worms. In bacteria, it is used as a secondary source of nitrogen.
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Technavios analysts forecast the global allantoin market to grow at a CAGR of 5.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global allantoin market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
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The market is divided into the following segments based on geography:
Technavio's report, Global Allantoin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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EMD Performance Materials
Other prominent vendors
Akema Fine Chemicals
Huanghua Suntime Chemical Industry
Luotian Guanghui Chemical
Tokyo Chemical Industry
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Increasing demand for anti-aging products
For a full, detailed list, view our report
Medical complication with oral consumption
For a full, detailed list, view our report
Use of allantoin in scar treatment and tattoo industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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