Global Sericin Market Is Expand at a CAGR of 5.8% To Reach US$ 537.6 Mn by 2032| Fact.MR

Posted on 2022-11-06 by Fact.MR in Chemicals // 0 Comments

The global sericin market is anticipated to value at US$ 303.6 million in 2022 and further expand at a CAGR of 5.8% to reach US$ 537.6 million by the end of 2032.

Sericin has a wide range of applications from cosmetics and personal care to the textile industry to the food industry. It also holds antioxidant power, and it prevents water loss by strengthening the skin barriers showing its moisturizing properties. Sericin-made products are effective in protecting the skin from environmental stresses, providing some dense level for anti-bacterial and natural protection from UV rays damage.

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Competitive Landscape

Players operating in the sericin market are trying and improve their availability and distribution network, to reach newer customers. Furthermore, companies are channeling an adequate amount of funds into research and development, so that sericin could be made available at comparatively competitive prices, improve their overall profit margin in the long run, and cater to a larger set audience base.

In May 2022, Karnataka State Sericulture Research and Development Institute (KSSRDI) announced that they are planning to launch 12 sericin-based cosmetic products.
In Sep 2020, DSM decided to sell its Resin & Functional Material Business to generate equity of about US$ 1.8 billion to remain focused in the fields of nutrition, health, and sustainable living. The Resin & Functional Material Business was acquired by Covestro.

Key Companies Profiled :

DSM
Huzhou Aotesi Biochemical Co., Ltd
Hyundai Bioland
Huzhou Aotesi Biochemical Co., Ltd.,
Lanxess
Rita Corporation
Seiren Co.
Specialty Natural Products Co. Ltd

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Segmentation of the Sericin Industry Research

By Form:
- Solid
- Liquid
By Application:
- Personal Care & Cosmetics
  - Hair Care
  - Skin Care
  - Others
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA

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Questionnaire answered in the Sericin Market report include:

How the market for Sericin has grown?
What is the present and future outlook of the global Sericin on the basis of region?
What are the challenges and opportunities for the Sericin?
Why the consumption of Sericin highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Sericin market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Sericin market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Sericin market and assists to create strategies to overcome the obstacles that may hinder the growth of the Sericin market.
Leverage: The Sericin market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Sericin market.

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