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India Lac Resin (Shellac) Market- Trend Analysis & Forecasts
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India Lac Resin (Shellac) Market- Trend Analysis & Forecasts
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India Lac Resin (Shellac) Market- Trend Analysis & ForecastsIndia remains the cornerstone of the global lac resin (shellac) market, supplying nearly two thirds of global raw lac production in 2024, with domestic output exceeding twenty thousand tonnes. The Indian shellac market was valued at around US$ 180 million in 2024 and is projected to grow at a CAGR of about five percent between 2025 and 2032, supported by steady expansion in both domestic and export demand.
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India Lac Resin (Shellac) Market- Trend Analysis & Forecasts
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97680537220
US$ 1625.00
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