Sandarac Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Sandarac Market Size

Sandarac Market size is expected to record substantial growth over 2024-2032, driven by the rapid shift in consumer preference towards natural ingredients. With an increasing number of younger individuals like millennials becoming homeowners, the demand for unique, sustainable, and stylish home décor and furniture products has surged considerably. According to a consumer study conducted by Chairish, over 61% of the millennial population has expressed a heightened interest in vintage, used, or antique home furnishings due to stylish and unique inventory. This has, in turn, created a surge in interest for sandarac as a key ingredient for making varnish, which is mainly used as a protective coating to create a hard, shiny, and durable layer on painting and antiques.
 

Additionally, the rising popularity of eco-friendly and sustainable products has spurred the adoption of natural resins like sandarac as alternatives to synthetic counterparts. Rising advancements in extraction and processing technologies have improved the efficiency and product quality. Furthermore, the growing demand for traditional craftsmanship and cultural heritage will drive the demand for sandarac-based products.
 

Sandarac Market Trends

The increasing adoption of sustainable harvesting and extraction practices to ensure the long-term viability of sandarac production will drive the industry growth. This includes efforts to promote responsible sourcing, forest management, and conservation initiatives in regions where sandarac trees are cultivated. Additionally, there has been a rising interest in exploring new applications and markets for sandarac beyond its traditional uses in cosmetics and woodworking.
 

Sandarac Market Analysis

With respect to application, the sandarac industry from the fragrance segment is poised to witness strong growth by 2032, on account of its unique aroma, and its subsequent use as a popular aromatherapy solution. The growing consumer preference for natural and exotic fragrances has fueled the demand for sandarac-based perfumes and fragrance products. Furthermore, with the influx of innovations and diversifications, there is an opportunity to explore new formulations and applications that incorporate sandarac resin, adding to the segment growth.
 

Sandarac market share from the purity 99% segment will rise significantly over the forecast period, as it offers superior quality and efficacy, making it highly sought after across various industries. In sectors like cosmetics, pharmaceuticals, and woodworking, where quality and performance are important, the demand for this pure sandarac resin is particularly high.
 

Regionally, the Middle East and Africa is slated to generate notable revenues for the sandarac industry by 2032, driven by the strong position of countries like Tunisia and Morocco. The presence of major producers of sandarac gum in the region is increasing the export of the product to industries worldwide. Furthermore, the extensive usage of sandarac in Morocco, for various purposes, like as a remedy for challenging childbirth, roundworm, cramps, and insomnia, will further drive the regional industry growth.
 

Sandarac Market Share

Prominent participants operating across the sandarac market include:

• The Good Scents Company
• Scents of Earth
• Mangalam Organics
• Pangaea Sciences

These companies are focusing on various strategies, such as production expansions and collaborations to sustain a strong position in the global business landscape.
 

Sandarac Industry News

• In October 2023, Louis Vuitton unveiled its latest launch, the Myriad fragrance, as part of the Les Extraits Collection.