Global Selenium Sulfide Market To Reach US$35.6 mn by 2024 | Page 3

Selenium Sulfide Market
Burgeoning Demand for Personal Care Products to Fuel Growth Prospects The burgeoning demand for specialized hair care products in developing nations is providing a fillip to the global selenium sulfide market . For instance , in Brazil , nearly 30-35 % of consumers opt for hydrating and anti-dandruff shampoos . Similar trends are witnessed in other emerging countries such as Mexico , the Philippines , China , India , and Argentina . Moreover , the rising disposable income is translating into the greater uptake of personal care and grooming products . Since selenium sulfide forms an important raw material required for the manufacture of these products , their increasing demand is augmenting the market .
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Stringent Government Regulations to Inhibit Market Growth The National Toxicology Program conducted by the Department of Health and Human Services has proved the carcinogenic effect of selenium sulfide on humans . Therefore , there is a growing emphasis on the use of natural or less hazardous chemical products for the manufacturing of hair care products . In addition , consumers are increasingly demanding for herbal products . This is limiting the market from realizing its utmost potential .
“ Owing to the harmful effects of selenium sulfide , several governments worldwide are imposing stringent regulations on their use ,” says a TMR analyst . To put this in perspective , in Canada , the permissible concentration declared by the Health Canada is not more than 2.5 % in anti-dandruff shampoos and skin care lotions . Hence , such regulations are hampering the growth of the market .
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TABLE OF CONTENT
1 . Preface 1.1 . Report Scope and Market Segmentation 1.2 . Research Highlights
Transparency Market Research
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