Impact of COVID-19 on Sandarac Gum Market : Implications on Business
Sandarac gum is defined as a colloidal gum which is shed by the sandarac trees that belongs to the cypress family. Sandarac gum is natively found in the regions of North Africa and Morocco where the production is relatively higher. Due to high suspension and colloidal properties, sandarac gum is utilized in preserving painting materials. Sandarac gum is highly aromatic in nature which enables its ample applications in manufacturing varnish and lacquer. One of the major advantages of using sandarac gum for making varnish and lacquer is that the coating becomes hard, lustrous and durable. As the sandarac gum preserves the dyes by preventing it from getting dried, sandarac gum is also used in sketching tools and pens. Generally, the sandarac gum is processed into user-friendly stable structures such as resin, powder, and liquids for convenient end-use. The sandarac gum has a wide application that has generated huge demand among the industrialists all over the world which is anticipated to escalate the value of sandarac gum market.
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Growing Demands for Sandarac gum for Organic Cosmetics
There is a growing demand for sandarac gum in the recent years due to changing consumer preference over natural ingredients. Along with coating, the sandarac gum is also used in developing organic cosmetic and personal care products such as creams, lotions, conditioners, etc. due to high fixative properties. The sandarac gum has high aromatic properties which enable the application over natural and conventional perfumeries. There is a growing demand for the natural flavorants in the recent years due to increasing consumer awareness over the health, which increased the production and ample applications of sandarac gum as a natural flavoring agent. The sandarac gum has fresh fruity and balsamic fragrance which expanded its utilization over aromatherapy in the recent years. Sandarac gum is not only used in the food industry but also known for its immense application in the pharmaceuticals as bio-compatible packaging material due to which the sandarac gum are being commercialized with lucrative growth. Bound to these factors, the global sandarac gum market anticipated to grow positively in terms of value and volume during the forecast period.
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Global Sandarac gum: Market Segmentation
On the basis of form, the global sandarac gum market has been segmented as-
- Granules
- Liquid
- Powder
On the basis of application, the global sandarac gum market has been segmented as –
- Coating & Pigmentation
- Cosmetics & Personal Care
- Flavorant
- Pharmaceuticals
- Others
On the basis of distribution, the global sandarac gum market has been segmented as-
- Direct
- Indirect
- Specialty stores
- E-commerce
- Others
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Global Sandarac gum: Key Players
Some of the major players of sandarac gum include Scriptorium am Rhysprung, Scribblers, Kama Pigments, Indigo Herbs Ltd, Samson Kamnik d.o.o. , Scents of Earth LLC, Guild of Limners, Earth Pigments Company, LLC., etc. More Industrialists and organic product developers showing keen interests in the sandarac gum as the demand is amplifying every year.
Opportunities for market participants:
As a chemical-free cosmetic ingredient and futuristic food flavoring agent, the sandarac gum has transpiring demand among the consumers and product developers all over the world. In addition, the sandarac gum is also used as coating material for leathers and metals in which creates secondary demand. Due to well-defined supply chains all over the world, it would be anticipated that there would be higher returns for the investors of sandarac gum in the future.
Global Sandarac gum: A Regional Outlook
The Middle East and Africa, particularly Algeria, Morocco, and Tunisia produces and exports high quantity of Sandarac gum to major chemical industries across the world in order to meet the growing demands. In North America, there has been huge production and processing of Sandarac gum, due to increased usage of organic cosmetic products among the consumers. In Europe, the Sandarac gum is not only utilized in cosmetic products but it also contributes to pharmaceuticals and food industries as a flavorant and emulsifier instead of gelatin. In the region of Latin America, the Sandarac gum has huge imports & trade chain to formulate personal care products such as incense.
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