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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