Polyether_Polyether Polyol News Shellac production and demand show a growing trend, India is the world’s largest producer

Shellac production and demand show a growing trend, India is the world’s largest producer

Shellac production and demand are showing a growing trend. India is the world's largest producer

Shellac, also known as shellac, is a purple-red gum secreted by lac insects after parasitizing on certain plants and sucking the sap. It is a natural condensate composed of tung oil acid, shellac acid and other ingredients. Because shellac is brown-red in color, has film-forming properties and is water vapor permeable, it is often used as a natural pigment to produce furniture paint and insulation materials. As the research on shellac continues to deepen, its application fields continue to expand, and it is used in food, cosmetics, medicine, rubber, plastics and other industries. Market demand continues to rise, and the industry develops rapidly.
Shellac is a natural resource. Its production is affected by climate, environment and other factors, and has strong regional characteristics. Due to the living characteristics of lac bugs, they are relatively sensitive to the external environment. They are currently mainly concentrated in Yunnan Province, with a small amount existing in Sichuan and Guangdong Provinces. Yunnan Province is the largest producer of shellac in my country, accounting for about 90% of its output. Shellac production in the world is concentrated in China, India, Thailand and other countries. India is currently the world’s largest shellac market, accounting for about 52% of the market, followed by Southeast Asia and China.
According to the released “2021-2026 China Shellac Industry Market In-depth Research and Development Prospects Forecast Report” shows that shellac products have There are many types, mainly including shellac wax, bleached shellac, dewaxed shellac, etc. Shellac has a wide range of applications. Benefiting from the development of terminal industries, the global market demand for shellac continues to rise, and the market size has grown accordingly, reaching 1.1 billion yuan in 2020. In addition to medicine, rubber and other application fields, shellac application technology is still improving and its application scope is expanding. It is expected that the global shellac market will reach 1.3 billion yuan by 2025.
Global shellac production has continued to rise in recent years. In 2020, global shellac production was approximately 35,000 tons, and is expected to reach 39,000 tons by 2025. As the demand for shellac production increases, the value of the global shellac market has increased. India is the main production area of ​​shellac, with a high output value.
There are many shellac manufacturers in the world, including D. Manoharlal, Mahabir, Aadhya, Vishnu, Prakash, etc. The above five companies occupy about 24% of the global market share. Our country has professional research institutions for parasitic tree species and glue insect cultivation technology, but it is relatively blank in the application of shellac, and there is great room for improvement in the future application market.
Industry analysts said that shellac has high application value and wide range of applications. Driven by the development of terminal industries, market demand continues to grow. , global production continues to rise. In the world, India is the main production and consumption area of ​​shellac. China’s shellac production is relatively low and mainly concentrated in Yunnan Province. As domestic research on the application and production of shellac continues to deepen, the competitiveness of domestic shellac companies has been improved. The current global shellac market is mainly occupied by international companies represented by India, and domestic companies lack competitiveness.
This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.polyether-factory.com/archives/7705

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