DL-Panthenol Market Segmentation:
Product Segment Analysis
The global DL-panthenol market is segmented and analyzed for demand and supply by product into food, medical, and industrial grades. Out of the three types, the medical grade is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing use of panthenol in pharmaceutical preparations for various skin and hair treatments in the coming years. Panthenol is used to treat damaged skin, and hair when used with diluted water. The increasing use of panthenol in the treatment of skin disorders such as sunburns, mild burns, and minor skin injuries is also estimated to hike the growth of the market. Panthenol reduces inflammation, itching, and enhances skin hydration, elasticity, and improves wound healing time of skin. Further, the increasing consumption of lotions, ointments, nasal sprays, and eye drops is driving the growth of the segment as per the market analysis. As per the reports more than 220 million Americans are estimated to use moisturizers or lotions, or creams as of 2020. The escalating number of allergies and eye infections with increasing air pollution across the world is expected to fuel the market growth during the forecast period.
Application Segment Analysis
The global DL-panthenol market is also segmented and analyzed for demand and supply by application into food, pharmaceutical, and cosmetics. Amongst these three segments, the cosmetics segment is expected to garner a significant share. The increasing use of cosmetics and personal skin care products among people to look elegant and rise the glow of the skin is estimated to boost the market growth in the coming years. The use of panthenol in cosmetics as a moisturizer, softening, anti-irritant, and soothing agent is also anticipated to drive market growth in the coming years. Moreover, the increasing demand for hair growth and growing preference for commercial shampoos and hair conditioners among people is anticipated to have a positive impact on the market growth during the forecast period. The panthenol used in shampoos and hair conditioners helps by lubricating the hair shaft and providing a shiny appearance to the hair. Also, the increasing use of aftercare tattoo moisturizer cream by many tattoo artists is also anticipated to rise the market growth in the coming years. According to the estimations, the value of aftercare products across the world was worth more than USD 11 million in the year 2021 and is estimated to reach over USD 16 million by 2028's end.
Our in-depth analysis of the global market includes the following segments:
|
By Product |
|
|
By Application |
|
