Piroctone olamine Market to Reach $1.35 Billion by 2031, Rising Application in Hair Care Products Propels Revenue Sales: TMR Study Notes

ALBANY, NY, January 14, 2022 /PRNewswire/ — Growing consumer preference for piroctone olamine over ketoconazole in hair care products, particularly in dandruff shampoos, has boosted sales, according to a TMR study of the piroctone olamine market. The global valuation is expected to increase at a CAGR of 4.6% over the forecast period (2021-2031) and reach a value of US$1.35 billion by 2031.

Companies in the piroctone olamine market have successfully expanded customer base by leveraging an assortment of traditional and social media to enrich awareness of the cosmetic benefits of personal care ingredients. They have enhanced brand credibility by scientifically supporting the effectiveness of piroctone olamine in various hair care formulations.

The application of bath products, sunscreen and anti-acne products has increased, thereby increasing the piroctone olamine market size. According to the TMR study, the growing sales of piroctone olamine-containing sunscreen and bath products are expected to provide considerable opportunities for market players over the forecast period.

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Key Findings from Piroctone Olamine Market Research

  • Broad-spectrum protection conferred by the propulsion outlook of high purity Piroctone Olamine: Manufacturers of personal care products are increasingly adopting piroctone olamine due to its broader protection against a variety of microbiological species. In particular, ≥99% purity of piroctone olamine is advertised as an anti-dandruff agent, given its effectiveness in the broad-spectrum elimination of fungi and molds. Additionally, it is used in a wide range of anti-acne and deodorant products.

Additionally, other piroctone olamine compositions are also being investigated by researchers for their anti-mycotic efficacy and antifungal efficacy in hair care formulations. These R&D activities have broadened the horizon of the piroctone olamine market.

  • Growing Demand for Dandruff Shampoos to Fuel Growth Prospects: Shampoos containing piroctone olamine are effective in improving scalp health, especially in the treatment of chronic dandruff scalp disorders.

Several studies over the past few years have shown the effectiveness of hair care products containing piroctone olamine in improving the condition of the scalp and preventing premature hair loss. A few of the studies have been published online in the NCBI. The growing evidence has helped the Piroctone Olamine market players to energize the way to market for their products, thereby opening up new revenue streams.

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Key factors

  • The growing need for cosmetic antioxidants in hair care products to improve scalp condition has bolstered the market outlook for piroctone olamine. The need has intensified due to the growing global burden of hair loss and thinning hair in both men and women. Applying antioxidants to the scalp has gained popularity as a complementary treatment to increase scalp hair volume.
  • Rising awareness about the benefits of anti-acne products and medicated soaps is a key driver for the piroctone olamine market. In particular, consumers have become aware of natural compounds in personal care products.

Piroctone Olamine market: regional landscape

Asia Pacific held a significant share of the global piroctone olamine market in 2020. The expansion of the personal care industry has accelerated the growth prospects of the Asia Pacific piroctone olamine market. In addition, foreign direct investment (FDI) has increased in some developing countries in Asia, despite disruptions due to the COVID-19 pandemic. The trend has also favored the expansion of outlets, note TMR analysts in a study of the market for piroctone olamine.

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Piroctone Olamine Market: Key Players

Some of the Major Piroctone Olamine Market Players Are:

  • Shandong Chuangying Chemical Co.Ltd.
  • Wuxi Zhufeng Fine Chemical Co.Ltd.
  • Zhonglan Industry Co.Ltd.
  • Somu Group
  • Kumar Organic Products Limited
  • YanTai Aurora Chemical Co.Ltd.
  • Spec Chem Industrie Inc.
  • Clariant S.A.
  • lonza

Global Piroctone Olamine Market: Segmentation

Market Piroctone Olamine, by Purity

Piroctone Olamine Market, By Application

  • Hair care
  • Deodorants
  • Bath products
  • Anti-acne products
  • Solar cream
  • Others (including detergents and antimicrobials)

Piroctone Olamine Market, By Region

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia & IEC
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa

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