Selenium Sulfide Market
REPORT DESCRIPTION
Selenium Sulfide Market( Product Type- Sulfide 99.0 % and Sulfide 99.99 %; Application- Personal Care( Shampoos, Lotions), Veterinary Medicines( Eczema, Dermatomycoses))- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016- 2024
The global selenium sulfide market is oligopolistic in nature and the top four players represented about 60 % of its value in 2015. These companies, namely Alfa Aesar, Fagron, Abcr GmbH, and Wockhardt are paying high attention to the Middle East and Africa and Asia Pacific to tap the immense growth potential, observes Transparency Market Research( TMR) in a new study. Players are increasingly adopting partnerships, mergers, and acquisitions as part of their key growth strategies.“ The highly consolidated nature of the market makes it difficult for small and medium companies to expand their existing shares,” says TMR’ s lead analyst.
Booming Hair Care Industry to Put Asia Pacific at Forefront The valuation of the global selenium sulfide market was US $ 27,541.20 thousand in 2015 and is poised to rise to US $ 35,650.15 thousand by the end of 2024, progressing at a CAGR of 2.9 % from 2016 to 2024. On the basis of product, the selenium sulfide 99.0 % dominated the market until 2024, accounting for 72.3 % of its value. The increasing number of end-use applications and the rising demand for hair care products are driving the demand for 99.0 % pure selenium sulfide. The segment is projected to expand at a CAGR of 3.1 % during the forecast period.
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Asia Pacific will continue to be the leading regional segment until 2024, commanding 58.6 % of the overall market revenue. Changing lifestyles, rapidly growing population, and rising disposable income of the populace in emerging countries such as India and China are fuelling the growth of the region. The flourishing growth of the hair care industry is also propelling the demand for selenium sulfide in the region.
Transparency Market Research
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