Asia Pacific Piroctone Olamine Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type; Application, and Country

Rapid growth of cosmetic and personal care industry escalate Asia Pacific piroctone olamine market at 4.6% CAGR during 2020-2027

According to the latest market study on “Asia Pacific Piroctone Olamine Market to 2027 - Analysis and Forecast by Type (Purity More Than 99% and Purity More Than 98%); Application (Shampoo and Hair Care Products, Cosmetics, and Washing Products), and Country,” the Asia Pacific piroctone olamine market was valued at US$ 25,139.85 Thousand in 2019 and is projected to reach US$ 35,241.09 Thousand by 2027; it is expected to grow at a CAGR of 4.4% during 2020-2027. The report highlights key factors driving the market growth, and prominent players and their developments in the market.

Piroctone olamine is utilized for the treatment of fungal infections. It is the ethanolamine salt of the hydroxamic acid derivative piroctone. It is frequently exploited in anti-dandruff shampoo as a replacement for the compound zinc pyrithione. In shampoo production, piroctone olamine when used in combination with other substances effectively reduced the amount of dandruff and simultaneously provided hair conditioning advantages. Piroctone olamine can be designed to provide extra benefits like smoothness and softness as the product has unique chemical structure that easily dissolve in shampoo formula. Moreover, the product is highly embraced by shampoo manufacturers due to its anti-fungal properties which subsequently helps to eradicate dandruff. Malassezia globosa is the fungus which is responsible for causing dandruff and seborrheic dermatitis. The presence of this fungus results in scalp irritation and scalp starts shedding tiny flakes. In severe cases, inflammation, redness, and extremely itchy patches can occur. The anti-fungal properties of piroctone olamine aids in controlling the spread of malassezia globosa. In addition to this, piroctone olamine also helps in preventing hair loss and boosts the hair growth and this further augments the growth of the market.

High disposable income and rising purchasing power are the factors enabling consumers to spend more on personal care products. Also, the growth of personal industries in APAC countries propels the demand for improved form of personal care products such as shampoos, moisturizers, soaps and others. Moreover, rising concerns related to personal hygiene and increasing influence of social media and other promotional media have increased consumer awareness about wellness and hygiene products. This has significantly driven the growth for personal care industry. Piroctone olamine is defined as an antifungal and antimicrobial compound of ethanolaminesalt obtained from hydroxamic acid derivative piroctone. It is extensively used in treating various types of hair problems and as an active ingredient in creams, moisturizers and other products. It acts as a preservative and a thickening agent in cosmetic products to restrain the growth of germs and expand the shelf life of the product. The rising demand for various cosmetic products has propelled the demand for piroctone olamine among health-conscious consumers. To capitalize on the surging demand, key manufacturers are introducing advanced products which could meet consumer’s demand. Further, the rapid growth of the personal care industry provides opportunities for the manufacturers to innovate their product offerings and packaging. This has further led to the introduction of innovative and upgraded products in the market and has helped leading producers to build brand appeal and loyalty among consumers. Ongoing industrialization across APAC along with the increasing disposable income of consumers in the is fueling the growth of cosmetic industry. In recent years, an impressive growth with the use of various ingredients in cosmetic products has been witnessed, which is expected to stimulate the growth of piroctone olamine.

The piroctone olamine market in Asia Pacific is concentrated with a few very well-established players. A few of the key players in the Asia Pacific piroctone olamine market include Spec Chem Industry Inc., Starchem Enterprises Limited, Yantai Aurora Chemical Co., LTD., Zhonglan Industry Co.,Ltd., Clariant, KOLON LIFE SCIENCE, Shandong Chuangying Chemical Co., Ltd., Merck KGaA, and Junwee Chemical Co.,Ltd.

Asia Pacific Piroctone Olamine Market Breakdown - by Region, 2019

The report segments the Asia Pacific Piroctone Olamine market as follows:

By Type

• Purity More Than 99%
• Purity More Than 98%

By Application

• Shampoo and Hair Care Products
• Cosmetics
• Washing Product

By Country

• U.S
• Canada
• Mexico

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific piroctone olamine market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.