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(Medical-NewsWire.com, September 17, 2018 ) Industry Outlook and Trend Analysis
The Allantoin Market was worth USD 0.31 billion in 2014 and is expected to reach approximately USD 0.52 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.85% during the forecast period. Rising demand of the product in the manufacturing of numerous personal care products including shampoos, toothpaste, conditioners, and mouthwash, is anticipated to drive development over the gauge time frame. Allantoin has advantageous properties, for example, a keratolytic and moisturizing effect on human skin, it helps in eradicating the dead skin cells, and expanding the water content in skin. Increasing usage of allantoin in pharmaceutical and cosmetic applications has enforced leading players to build their glyoxylic acid production capacities over the globe, which is the main raw material for the production of the chemical. These beneficial properties are foreseem to drive the product demand in beauty care products industry over the gauge time frame.
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Application Outlook and Trend Analysis
Allantoin is a commonly used ingredient in a few topical creams and moisturizers for wound healing by virtue of its cell proliferation properties. It is used in the treatment of many skin problems, for example, eczema and psoriasis. The developing interest for preventive healthcare has consequently driven the pharmaceutical application section to represent more than 31% industry share in 2016.The interest for the chemical in the cosmetic division is anticipated to grow tremendously over the conjecture time frame. The high development rate of the section is credited to the expanding interest for the product in the production of cosmetic products inferable from its prevalent properties, for example, desquamation of dead skill cells and expanding the moisture content of skin.
Regional Outlook and Trend Analysis
The Asia Pacific commanded the business on the basis of income in 2016, representing 31.9% of the share of the overall industry. The fast development of cosmetics industry in the area because of rising customer discretionary income and changing way of life is anticipated to positively affect the business growth. Europe allantoin market is anticipated to advance at an astounding CAGR over the figure time frame.
Competitive Insights
The leading players in the market are LuBon Industry Co, Akema Fine Chemicals, Zhanhua Jinyuan Lide Biotechnology Co, Rita Corporation, Allan Chemical Corporation, Ashland Inc and Clariant. The worldwide allantoin market is portrayed by the nearness of few industry members concentrating on R&D to provide effective and application specific products with a specific end goal to fulfil the changing needs of consumers.
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The Allantoin Market is segmented as follows-
By Application:
Oral Hygiene
Cosmetics
Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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