Iscotrizinol Market: Overview and Dynamics
Iscotrizinol is extensively utilized in pharmaceutical, chemical and cosmetic industry. Personal care industry accounts of the major chunk of the isocotriznol demand. Demand has remained stable over the past half-decade and the demand rate could be assessed with respect to the cosmetic industry growth. Increase in demand for cosmetics has increased in the Q2 of FY2020, personal grooming and sales of cosmetic products has spiked across East Asia and South Asia & Oceania. This has increased the demand of iscotrizinol from the cosmetics manufacturers across the globe. Cosmetics industry might lose BPS owing to the backlash faced by the cosmetic manufacturers over utilization of iscotrizinol. Iscotrizinol demand is set to reduce over the long-term forecast period. Inclination of cosmetic manufacturers natural substitutes of iscotrizinol and chemically neutral substitutes could hurt the manufacturer stance in long-run.
However, analyzing market in short-term and mid-term forecast market is set to have a positive outlook owing to the positive network externalities and price balancing across the globe. Therefore, by 2025 market is set to grow by higher digit CAGR over the mid-term forecast period.
Key consumers of iscotriznol are Procter & Gamble, L’Oréal, Estee Lauder, Shiseido, Coty, Amore Pacific, Johnson & Johnson utilizing iscotriznol to manufacture UV based cosmetics. These manufacturers account near quarter of the global iscotriznol demand. All-in-all market has higher potential owing to the strong supply of the product and low range fluctuations from the demand side is maintaining the trade of the iscotrizinol market.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and Iscotrizinol market has also been affected largely. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of Iscotrizinol market.
Segmentation Analysis of Iscotrizinol Market
The global iscotrizinol market is divided into three major segments: Grade, Application, End-Use Industry and region.
Based on product type, Iscotrizinol market has been segmented as follows:
- Pharma Grade
- Industrial Grade
Based on Application, Iscotrizinol market has been segmented as follows:
- Pharmaceutical Intermediate
- Chemical Intermediate
Based on End-Use Industry, Iscotrizinol market has been segmented as follows:
- Chemical Industry
- Pharmaceutical Industry
- Cosmetics & Personal Care Industry
Based on geographic regions, Iscotrizinol market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Iscotrizinol Market: Regional Outlook
From regional perspective, North America holds largest market share owing to the positioning of key cosmetic manufacturers in the region. The region favors economies of scope over agglomeration and scale which attracts the key stakeholders to channel the product in the region. The demand for iscotrizinol in North America has drastically increased over the past half-decade with higher digit CAGR. Followed by North America, Europe captures over quarter of the global iscotrizinol demand owing the presence of key cosmetic manufacturers in the region. Market is mature and hence growth opportunity and penetration of new players in the region is low.
Production of iscotrizinol is growing at a faster pace in the East Asia to cater the rising demand from South Asia & Oceania and North America. Demand of iscotrizinol is set to remain stabilized in Middle East & Africa and Latin America.
Iscotrizinol Market: Key Players
Being a coalesced market, players have dominant presence across regions through streamlined distribution networks. Sigma Aldrich international gmbh, 3V, Hangzhou keying chemical ltd., etc are amongst the prominent players in Iscotrizinol market accounting for over 30% of the market revenues.
The sun filters development, UVA, UVB absorber, SPF boosting principles and other associated properties have been witnessed across the regional players. Moreover, acquisitions and establishing long term supply contracts with the healthcare industries like Unilever, Johnson & Johnson, Edgewell personal care are providing an upper edge to the market players.
The research report presents a comprehensive assessment of the Iscotrizinol market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Iscotrizinol market report provides analysis and information, according to market segments such as geographies, product type, application and end-use industry.
The Iscotrizinol Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Iscotrizinol Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Iscotrizinol report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Iscotrizinolreport provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Iscotrizinol report also maps the qualitative impact of various market factors on market segments and geographies.
The Iscotrizinol Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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