Press release
Allantoin Market Is Forecasted To Grow At A CAGR of 5.76% By 2021: Hexa Reports
About Allantoin
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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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.
The market is divided into the following segments based on geography:
• Americas
• APAC
• Europe
• ROW
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Key Vendors
• Ashland
• Clariant
• EMD Performance Materials
• Lisbon industry
• RITA
Market Driver
• Increasing demand for anti-aging products
• For a full, detailed list, view our report
Market Challenge
• Medical complication with oral consumption
• For a full, detailed list, view our report
Market Trend
• Use of allantoin in scar treatment and tattoo industry
• For a full, detailed list, view our report
Key questions answered in this report
1. What will the market size be in 2021 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Browse More Chemicals & Materials Related Market Research Reports:
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• Global Plasticizers Market 2017-2021 - https://www.hexareports.com/report/global-plasticizers-market-2017-2021
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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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