Keratin Market is estimated to reach a market valued USD 1.08 billion in 2020 and is reach USD 1.71 billion by 2027 and is growing at a rate of 6.80%. The global keratin market is expected to witness considerable growth over the forecast period on account of its increasing demand in the personal care and cosmetic industry.
The industry was estimated to be over 3500 tons in 2014 and is projected to grow at a CAGR of above 7.0% from 2020 to 2022. Rising technological advancements to augment the application scope of the product in shampoos and conditioners are expected to open new avenues over the forecast period. Personal care and cosmetics is the largest application segment for the product accounting for over 50% share. Growing use of the product in shampoos, nail creams, and soaps will augment demand over the forecast period. However, increasing use of Moroccan oil and KeraGreen in hair treatment on account of their organic and non-toxic characteristics is expected to challenge growth over the next seven years. In addition, high cost of the product may also restrain demand.
Keratin biomaterials have several advantages as both a synthetic as well as a natural product. These products find major application scope in controlled release applications as well as tissue culture. They have numerous biomedical applications on account of their biodegradable and biocompatible nature. Increasing use of the product in various applications such as drug delivery, wound healing, and tissue culture is expected to have a positive impact on the keratin industry over the forecast period. Rising R&D focus to introduce eco-friendly products at competitive prices is expected to provide new opportunities over the next seven years.
In terms of geography, the keratin market can is segmented into five major regions including North America, Latin America, the Middle East and Africa, and Asia Pacific. Asia Pacific is expected to be the fastest-growing segment for the product with majority of demand from the personal care products segment. Growth in these segments particularly from India, China, and Japan is expected to propel the industry over the next seven years.
Asia Pacific and Latin America are expected to be the fastest-growing markets for the product in terms of volume and revenue. Asia Pacific accounted for above 25% share, while Latin America accounted for over 20% of the global share. Increasing demand for environment-friendly products in Europe coupled with rising application scope of the product in the biomedical segment is expected to fuel the keratin industry over the next seven years.
Some key players in Global Keratin Market are: Akola Chemicals (I) Ltd., BASF SE, Clariant International Ltd., Keraplast Technologies LLC, and The Roxlor Group among others.
The industry was estimated to be over 3500 tons in 2014 and is projected to grow at a CAGR of above 7.0% from 2020 to 2022. Rising technological advancements to augment the application scope of the product in shampoos and conditioners are expected to open new avenues over the forecast period. Personal care and cosmetics is the largest application segment for the product accounting for over 50% share. Growing use of the product in shampoos, nail creams, and soaps will augment demand over the forecast period. However, increasing use of Moroccan oil and KeraGreen in hair treatment on account of their organic and non-toxic characteristics is expected to challenge growth over the next seven years. In addition, high cost of the product may also restrain demand.
Keratin biomaterials have several advantages as both a synthetic as well as a natural product. These products find major application scope in controlled release applications as well as tissue culture. They have numerous biomedical applications on account of their biodegradable and biocompatible nature. Increasing use of the product in various applications such as drug delivery, wound healing, and tissue culture is expected to have a positive impact on the keratin industry over the forecast period. Rising R&D focus to introduce eco-friendly products at competitive prices is expected to provide new opportunities over the next seven years.
In terms of geography, the keratin market can is segmented into five major regions including North America, Latin America, the Middle East and Africa, and Asia Pacific. Asia Pacific is expected to be the fastest-growing segment for the product with majority of demand from the personal care products segment. Growth in these segments particularly from India, China, and Japan is expected to propel the industry over the next seven years.
Asia Pacific and Latin America are expected to be the fastest-growing markets for the product in terms of volume and revenue. Asia Pacific accounted for above 25% share, while Latin America accounted for over 20% of the global share. Increasing demand for environment-friendly products in Europe coupled with rising application scope of the product in the biomedical segment is expected to fuel the keratin industry over the next seven years.
Some key players in Global Keratin Market are: Akola Chemicals (I) Ltd., BASF SE, Clariant International Ltd., Keraplast Technologies LLC, and The Roxlor Group among others.
- Aerospace and Defense
- Agriculture
- Automotive and Transportation
- Business and Finance
- Chemical and Materials
- Consumer Goods and Retails
- Electronics and Semiconductor
- Energy and Power
- Food and Beverages
- Machinery and Equipment
- Manufacturing and Construction
- Medical Devices
- Pharmaceuticals and Healthcare
- Service and Software
- Technology, Media and Telecommunications
- Travel and Tourism
