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Press Release

Allantoin Market - Growth and Forecasts by Technavio

Technavio Research
Posted on: 05 Sep 17

According to the latest market study released by Technavio, the global allantoin market is expected to grow at a CAGR of almost 6% during the forecast period.

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Technavio has published a new report on the global allantoin market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Allantoin Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Allantoin is an odorless white powder, which is used in cosmetics and personal care products. Various kinds of allantoin salts can be used in the personal care and cosmetics industries such as allantoin salts of vitamin C, allantoin ascorbate, and allantoin salts of vitamin B7. Allantoin that is used in cosmetics and personal care products is processed from urea and glyoxylic acid.

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Technavio’s analysts categorize the global allantoin market into four major segments by application. They are:

  • Cosmetics
  • Pharmaceuticals
  • Oral hygiene
  • Others

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The top three segments based on application for the global allantoin market are discussed below:

Global allantoin market in cosmetics segment

The global allantoin market is highly driven by the cosmetic segment. It held a market share of over 32% in 2016. Major reasons behind the market growth in the cosmetics segment are the rapid urbanization and change in consumer lifestyle. The use of male grooming cosmetics products and the increase in the disposable income also influence the market growth.

According to Shakeel Iqbal, a lead specialty chemicals research analyst from Technavio, “Allantoin is used in skin care product such as sunscreen creams, moisturizers, and keratolytic lotions. Many cosmetic companies use allantoin in the formulation of shampoos and personal care products. It helps in dandruff removal when used in shampoo formulations.”

Global allantoin market in pharmaceuticals segment

The pharmaceutical segment holds the second largest share in the global allantoin market. The increasing investment across the world, consumer proactiveness for self-care products, and maintenance of personal health and hygiene are the some of the major factors that are driving the demand for allantoin.

“Pharmaceutical companies are increasing their capacity to produce drugs throughout the world due to increase in population and the rise of various kinds of weather-based skin diseases. Allantoin is used in the pharmaceutical segment as an anti-inflammatory agent. It is used in the composition of athletic creams and sprays as it can reduce injury-related swellings,” says Shakeel.

Global allantoin market in oral hygiene products segment

Oral hygiene is one of the important factors for everyday life irrespective of an individual's age. Countries like the US have excellent oral hygiene among the population. However, India still lacks proper oral hygiene in its population. Allantoin is used in the preparation of toothpaste and mouthwash. It reduces cavity and mouth ulcers.

There are many such corporate social responsibility activities ongoing in developing countries, and the results are also showing a positive impact on the sale of oral hygiene products such as toothpaste and mouthwashes. The growth in the awareness of oral hygiene is expected to increase the market demand for allantoin during the forecast period.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Ashland
  • Clariant
  • EMD Performance Materials
  • Lisbon industry
  • RITA

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Business Wire

Last updated on: 05/09/2017

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