Shellac is a kind of non-toxic natural gum resin dissolves in a wide variety of alkaline or rapidly drying alcoholic solvents but is resistant to a number of other solvents particularly hydrocarbons. They are widely used in industrial applications, Cosmetics, Food, Pharma, etc.
In terms of volume, the global Shellac Production was 31241 MT in 2017, and it is predicted to reach 38905 MT in 2024. In 2017, the global Shellac market is led by India, capturing about 55% of global Shellac production. Southeast Asia is the second-largest region-wise market with 30% of production share.

Market Analysis and Insights: Global Shellac Market
In 2019, the global Shellac market size was US$ 153.2 million and it is expected to reach US$ 175.1 million by the end of 2026, with a CAGR of 1.9% during 2021-2026.
Global Shellac Scope and Market Size
Shellac market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Shellac market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Shellac market is segmented into
Wax Containing Shellac
Bleached shellac
Dewaxed shellac
Others

Segment by Application, the Shellac market is segmented into
Food Industry
Pharmaceutical Industry
Cosmetic Industry
Industrial applications
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Shellac Market Share Analysis
Shellac market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Shellac product introduction, recent developments, Shellac sales by region, type, application and by sales channel.

The major companies include:
D. Manoharlal (Shellac)
Mahabir Shellac Factory
Aadhya International
Vishnu Shellac Factory
Gupta Brothers (Shellac)
Prakash Shellacs Factory
Chuxiong DES Shellac
Hind Suter Shellac
Stroever GmbH & Co. KG
Creasia Group
Kunming Forest Products Chemical