Press release
Piroctone Olamine Market Set to Witness an Uptick Size USD 137.1 Million to 2032
Piroctone Olamine Market
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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Piroctone Olamine Market Base Year Value (2021A) US$ 69.2 Mn
Estimated Market Size Year (2022E) US$ 73.0 Mn
Projected Market Valuation (2032F) US$ 137.1 Mn
Value-based CAGR (2022-2032) 6.5%
Collective Value Share: Top 3 Countries in 2022 51.3 %
"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.
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Competitive Landscape
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
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Frequently Asked Questions
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Piroctone Olamine Market: Industry Overview, Outlook, Trends, Analysis and Forec …
Product Name - Piroctone Olamine
HS Code - 29337900
Molecular Weight - 298.421 g/mol
Chemical Formula - C16H30N2O3
Synonyms - 68890-66-4, Piroctone Ethanolamine,
Octopirox
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam,…
Piroctone Olamine Market Technology, Future Trends and Opportunities 2031
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