Sandarac Market Share, Size, Trends, Industry Analysis Report, By Type (Purity 98%, Purity 99%, and Others); By End-Use; By Application; By Region; Segment Forecast, 2023- 2032

Sandarac Market Share, Size, Trends, Industry Analysis Report, By Type (Purity 98%, Purity 99%, and Others); By End-Use; By Application; By Region; Segment Forecast, 2023- 2032

The global sandarac market size is expected to reach USD 19.14 billion by 2032, according to a new study by Polaris Market Research. The report “Sandarac Market Share, Size, Trends, Industry Analysis Report, By Type (Purity 98%, Purity 99%, and Others); By End-Use; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Sandarac has seen an increase in demand in recent years as customer preferences for natural ingredients have shifted. Cosmetics with natural materials are also in high demand in the market as the harmful chemicals and toxic materials in the products are harming the skin. Because of its high fixative characteristics, sandarac is also utilized in the development of organic cosmetic and personal care products such as creams, shampoo, lotions, serums, conditioners, and so on.

Rising skin problems, infections, and the young generations' hormonal problems are shifting the trend towards using natural products that are boosting the growth of the market over the forecast period. According to the National Academics Press, Dermatitis accounts for approximately 30% of all workplace infections; the incidence of skin diseases induced by toxins in the environment is unknown. Dermatitis, owing to getting in touch with irritation or contact allergy, is the most prevalent skin lesion (more than 90%) in occupational exposure settings, with irritating contact dermatitis being reported more frequently. Therefore, the rising skin problems and skin infections, as well as the rising demand for natural ingredients, have increased the demand for sandarac, which has boosted the growth of the market over the forecast period.

Furthermore, the use of Sandarac has also increased the demand for aromatic use, which has boosted the market growth. Sandarac has strong aromatic qualities, allowing it to be used in both natural and conventional perfumeries. Sandarac has a refreshing fruity and balsamic fragrance that has expanded its use in aromatherapy in the past few years.

Due to rising consumer knowledge about health, there has been a surge in the manufacturing and several applications of Sandarac as a natural flavoring agent in recent years since these are the benefits offered by the sandarac plant that are driving the growth of the market over the forecast period.

Sandarac Market Report Highlights

The personal care segment is anticipated to grow at a significant CAGR over the forecast period owing to its vast fixative capabilities

Medical and pharmaceuticals accounted for largest global revenue share which is accelerated by its extensive use in medicines as a bio-compatible packaging material

North America is expected to grow at a substantial CAGR over the projected period on account of the rising use of organic cosmetic products among consumers

The global players include Sinopharm Chemical Reagent Co., Ltd., Scriptorium am Rhysprung, Thew Arnott & Co., Ltd., and The Good Scents Company.

Polaris Market Research has segmented the Sandarac market report based on type, end-use, application, and region:

Sandarac, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Purity 98%

Purity 99%

Other

Sandarac, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)

Incense Industry

Wood Treatment Industry

Medical and Pharmaceutical Industry

Personal Care Industry

Sandarac, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Fragrance

Medical

Pharmaceutical

Coatings

Furniture

Others

Sandarac, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa