Piroctone Olamine Market is Anticipated to Expand at a CAGR of 6.5%, Reaching US$ 137.1 Mn by 2032

The global piroctone olamine market is estimated to reach US$ 73 Mn in 2022. With sales growing at a 6.5% CAGR over the forecast period, with the market size projected to reach US$ 137.1 Mn by 2032.

According to a study, almost 50% of the adult population across the globe are suffering from dandruff problems. Piroctone Olamine is a powerful ingredient that fights dandruff at its source. It is frequently used in the treatment of fungal diseases and has a unique molecular composition that makes it easy to dissolve in shampoo formulations.

Despite the wide applications of piroctone olamine in hair care products, however, the ingredient is very expensive and there are many cheaper alternatives available in the market. High product cost hinders small and medium-sized cosmetic manufacturers to use piroctone olamine in their products and shift towards cheaper alternatives, which is expected to hinder sales in the market.

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 "Rising demand for anti-dandruff solutions such as shampoos, oils, creams, along with increasing incorporation of piroctone olamine in anti-acne products will augment the growth in the market over the forecast period," says an FMI analyst.

Key Takeaways:

Based on purity, sales in the >99% segment are projected to increase at a considerable pace over the forecast period.
In terms of applications, demand in the cosmetic sector will grow at a 5.9% CAGR through 2032.
Rising demand for piroctone olamine in hair care products, anti-acne products, washing products, deodorants, and soap is expected to propel the growth of the market.
China will dominate the East Asia piroctone olamine market over the assessment period, owing to expansion in the cosmetics sector.
The U.S. is expected to emerge as a lucrative pocket, as demand for skincare products continues to grow.

Competitive Landscape

Key players are strengthening their positions in the market by expanding their production capacities. Only a few market players control the majority of the market share in the global piroctone olamine market. As the market has become more consolidated, prices have risen. Manufacturers are investing in research and development to reduce the production and procurement cost of piroctone olamine.

Clariant AG, Lonza Group, Wuxi Zhufeng Fine Chemical Co., Ltd., Kumar organic product limited, Somu Group, Zhonglan Industry Co. ltd., YanTai Aurora Chemical Co. Ltd., Spec Chem Industry Inc., Shandong Chuangying Chemical Co. Ltd., and various others are some of the key manufacturers operating in the global piroctone olamine market.

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More Insights into the Piroctone Olamine Market Report

In its latest report, FMI offers an unbiased analysis of the Asia Pacific Piroctone Olamine Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the Asia Pacific market potential, its growth, and scope, the market is segmented based on purity, application, and region.

MARKET SEGMENTATION

By Purity:

≥ 99%
< 99%

By Application:

Hair Care
Cosmetics
Deodorants
Washing Products
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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This release was published on openPR.