Selenium Sulfide Market Analysis
Selenium sulfide, also known as Selsun, belongs to inorganic compound class. It is an anti-infective agent that is utilized for hair treatment problems such as relieving itching and flaking caused in the scalp. Moreover, it is used to treat tineaversicolor, a fungal infection of the skin. Selenium sulfide is available in the form of lotion, and is usually applied as a shampoo. The global selenium sulfide market is expected to grow at a significant pace over the next seven years, as it exhibits antifungal and insecticidal properties.
COVID-19 impact analysis
The outbreak of the COVID-19 pandemic is anticipated to have a positive impact on the growth of the global selenium sulfide market. Rise in the rate of pharmaceutical activities during the crisis acts as a key factor driving the growth of the market. In addition, increase in utilization of selenium sulfide in personal care products such as cosmetics, toothpaste, and others have positively influenced its demand during the pandemic. However, owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency of raw materials is expected to hamper the production rate of selenium sulfide.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:
Increase in demand for selenium sulfide from the chemical industry is the major driving factor of the market. The manufacturing of many chemicals in pharmaceutical industry requires selenium sulfide in large quantities, thus boosting the demand in the market. Selenium sulfide is further used in the treatment of many diseases such seborrheic dermatitis and dandruff in the healthcare segment. However, selenium sulfide is harmful to the humans when consumed in large quantities and exhibits side effects such as vomiting, fatty degeneration of liver, and anorexia, which limit its demand, globally, thereby restraining the market growth.
The global selenium sulfide trends are as follows:
New product launches to flourish the market
New products that exhibit improved capabilities have been launched by leading market players. For example, BOC Science developed a new selenium sulfide that is manufactured using latest technology and can be used in hair care products effectively with reduced side effects. In addition, manufacturers have taken necessary steps to improve the accuracy of new products and overall functionality. Furthermore, market players are seeking opportunities to expand their range of selenium sulfide products in different segments. Moreover, partnerships, acquisitions, and agreements are the key developmental strategies adopted by these players to strengthen their foothold in the competitive market.
Surge in usage in healthcare and personal care applications
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Selenium sulfide used in pharmaceutical segment to treat many diseases. In addition, it is used in manufacturing of veterinary drugs. Furthermore, owing to its antifungal property, it is used in personal care products such as soaps, cosmetics, and toothpaste. Rise in utilization of selenium sulfide in personal care products is further predicted to enhance its demand during the forecast period.
Key benefits of the report
- This study presents the analytical depiction of the global selenium sulfide industry along with the current trends and market estimation to determine the imminent investment pockets.
- The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the selenium sulfide.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
- This report helps users in comprehending the key product segments and their future.
Questions answered in the global selenium sulfide market research report:
- Which are the leading market players active in the global selenium sulfide market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What should be the response of the market players amid the COVID-19 pandemic?
- What are the projections for the future that would help in taking further strategic steps?
- What is the outlook of the industry?
- What are the emerging key segments in the selenium sulfide market?
- What are the major changes and assessments in market dynamics?
Selenium Sulfide Market Report Highlights
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