Report Code: A06750 | Nov 2023 | Pages: NA | ||
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Request Now !Allantoin, chemically known as 5-ureidohydantoin is a white colored organic compound. Allantoin is majorly obtained by oxidation of uric acid, is a product of purine metabolism in many mammals (not human beings) and is present in their urine. In addition, it is extracted from the comfrey plant. Owing to its superior moisturizing keratolytic properties, allantoin is extensively used in several personal care and grooming products such as shampoo, lotion, and shaving cream. Furthermore, it helps in healing wounds and skin irritation, and thus finds its application in many pharmaceutical products. Â Â
Rapid urbanization around the world has resulted in increase in disposable income, which, in turn, is gradually increasing the standard of living. This has led to significant increase in the usage of cosmetics and personal care products, which considerably contributes toward the growth of the growth of the allantoin market, globally. Skincare and hair care products are the major end users under the personal care segment, which includes shampoos, face creams, lotions, and products for various skincare treatments. Moreover, allantoin is widely used in oral care products such as toothpaste and mouthwash, due to increase in awareness of oral hygiene, which has boosted the demand for allantoin. Furthermore, allantoin is widely used in the pharmaceutical industry for the manufacture of creams used in the treatment of several skin-related diseases such as keratosis, psoriasis, and eczema. Owing to its cell proliferation characteristics, allantoin is further used in several healing formulations. Increase in research on the medicinal properties of allantoin by several companies has boosted the growth of the global allantoin market.
The Asia-Pacific region accounted for the largest share of the allantoin market, owing to the exponential growth of the cosmetics and pharmaceutical industries in the emerging economies such as India and China. The market in the North America region is anticipated to growth steadily with a number of major pharmaceutical manufacturers situated in the U.S. Germany is a key producer as well as consumer of cosmetic products, which significantly boosts to the growth of the allantoin market in Europe. Â
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Allantoin Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Allan Chemical Corp, Akema Fine Chemicals, Ashland Inc., EMD Performance Materials, Clariant, Lubon Industry, Huanghua Suntime, and Rita Corp. |
Other Key Market Players | Sunwell chemicals Co., Ltd., Tokyo Chemical Industry Co., Ltd. |
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