Global Allantoin Market Size by Application (Cosmetics, Pharmaceuticals, Oral Hygiene, and Others), By Region and Forecast 2019 to 2025. The study covers the global market value (USD Million) and volume (Kilo Tons) between 2015 and 2025. The Market report also includes qualitative insights such as drivers and restraints. The market share for different applications have also been covered at a global, regional and country level for the time frame mentioned above.
Growing demand as a vital ingredient in cosmetics and pharmaceutical products is expected to augment the Global Allantoin Market size over the projected period. According to the Voluntary Cosmetic Ingredient Reporting Program (VCRP), allantoin is consumed in more than 1300 cosmetic products. In addition, government support for the use of allantoin in pharmaceutical and cosmetics are expected to increase market reach.
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Allantoin Market: Key Players are Clariant, Ashland, RITA Corporation, Akema Fine Chemicals, Merck KGaA, LUBON INDUSTRY, Huanghua Suntime Chemical Industry Co., Ltd, and Allan Chemical Corporation.
Cosmetics, pharmaceuticals, and oral hygiene together dominated the Global Allantoin Market. The volume share of the three segments together is anticipated to increase from 91.8% in 2017 to 92.2% by 2025, implying the others segment losing its share. The unique properties of the chemical coupled with the rising demand from consumers for this ingredient in formulations are expected to play a vital role in driving the market growth over the forecast period.
Key segments of the Global Allantoin Market:
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America
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