Piroctone Olamine Market Forecasts to 2028 – Global Analysis By Application (Cosmetics, Washing Product), Product (Purity: More Than 99%, Purity: More Than 98%) and By Geography
According to Stratistics MRC, the Global Piroctone Olamine Market is accounted for $66.24 million in 2020 and is expected to reach $107.19 million by 2028 growing at a CAGR of 6.2% during the forecast period. Rising attentiveness over the convenience of numerous shampoos and people's demand for excellence products is driving the market growth. However, absence of appropriate knowledge over the usage of diverse chemical compounds is hampering the growth of the market.
Piroctone Olamine is one of the latest active constituents found in dandruff shampoo which is intended to treat seborrheic dermatitis. It is a composite used for remedial fungal impurities as well. Additionally, it is an active element in shampoo preparations later it not only treats dandruff but also addresses its underlying cause. This compound has a specific property in controlling malassezia globose, a commonly occurring fungus in the hair usually known as dandruff. Many producers have substituted zinc pyrithione for this chemical component to evaluate better results.
Based on the application, the shampoo and hair care products segment is going to have lucrative growth during the forecast period. Piroctone olamine formulas are used in shampoos for battling fungal contagion which is the reason for dandruff. The occurrence of dandruff has to turn out to be general among grown-ups owing to which the demand for such products which can help in controlling this problem is getting high, thus, driving the market growth.
By geography, Asia Pacific is going to have high growth during the forecast period. The manufacturing sector is promptly accepting the advanced technologies and processes. The major expansion in the manufacturing sector generates a need for advanced solutions that surges the demand for the market. Rising foreign direct investments also lead to economic growth in the province. Additionally, growing production and demands for cosmetic products, mostly due to the cultural change, growing youth population, growing women employment and impact of the western culture are the main reasons boosting the demand for piroctone olamine in Asia Countries.
Some of the key players profiled in the Piroctone Olamine Market include 2A PharmaChem, 3B Scientific, Aakash Chemicals and Dye-Stuffs, Clariant, Hangzhou J&H Chemical, HBCChem, Salicylates and Chemicals, Shandong Jining Best, Shanghai Aladdin Bio-Chem Technology, Somu Group, Waterstone Technology, Wuhan HengHeDa, XiaoGan ShenYuan ChemPharm and Yantai Aurora Chemical.
Estimated Market Size in 2020:
USD 66.24 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 107.19 million
Tables, Graphs & Figures
Product, Application, and Sales Channel.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Purity: More Than 99%
• Purity: More Than 98%
• Shampoo and Hair Care Products
• Washing Product
Sales Channels Covered:
• Convenience stores
• Medical Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Piroctone Olamine Market is majorly driven by increasing disposable income in urban areas, growing women employment, and shifting trends towards modern shampoos rather than traditional ones.
The convenience stores segment is growing at a highest CAGR owing to the availability of a wide range of products and brands under one roof which makes it convenient for the buyers to purchase all their basic home necessities.
Asia Pacific dominated with a significant market share due to increasing population, growing foreign direct investments, urbanization, rising production and demands for cosmetic products, and disposable income of the population.
Europe market is growing at a highest CAGR owing to the high demand for skin care, cosmetics, and hair care products in the region, rising purchasing power, and increasing personal care industries across various Europe countries.
Key players in Piroctone Olamine Market include 2A PharmaChem, 3B Scientific, Aakash Chemicals and Dye-Stuffs, Clariant, Hangzhou J&H Chemical, HBCChem, Salicylates and Chemicals, Shandong Jining Best, Shanghai Aladdin Bio-Chem Technology, Somu Group, Waterstone Technology, Wuhan HengHeDa, XiaoGan ShenYuan ChemPharm and Yantai Aurora Chemical.
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