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% from 2020 - 2027.
Piroctone olamine, an ethanolamine salt of hydroxamic acid derivative named piroctone, is an antifungal agent. It is frequently used in anti-dandruff shampoos as a replacement for the compound zinc pyrithione. Piroctone olamine, when used in combination with other substances in shampoos, effectively reduced the dandruff levels and simultaneously provided hair conditioning. The fungus Malassezia globosa 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 aid in controlling the spread of Malassezia globosa. In addition to this, piroctone olamine also helps make hair smooth and silky, prevents hair fall, and boosts the hair growth.
On the basis of application, the Asia Pacific piroctone olamine market is segmented into shampoo and hair care products, cosmetics, washing products. The shampoo and hair care products segment led the piroctone olamine market with the largest share in 2019. Piroctone olamine penetrates the cell membrane of the fungi Malassezia globosa to interfere with their energy metabolism and oxygen uptake. This kills the fungi and clears up the infection, thereby lowering the dandruff, which otherwise causes hair loss and thinning. The compound is often compared to ketoconazole, which is a widely used ingredient in anti-dandruff products. However, piroctone olamine offers better results against dandruff and fungal infections. Furthermore, with evolving customer requirements for shampoo products, manufacturers are continuously investing in innovation and are using beneficial products such as piroctone olamine to attain a competitive edge. The beauty and personal care industry is witnessing tremendous growth in various regions, mainly due to the increasing number of beauty-conscious consumers.
The Asia Pacific piroctone olamine market is further segmented into China, Australia, India, Japan, South Korea, and Rest of Asia Pacific. China is among one of the largest manufacturing economies. It is also the fastest-growing consumer market. Therefore, the rapid industrial development in China is anticipated to propel the demand for piroctone olamine in various applications. Moreover, the numerous manufacturing and assembly units of several the major cosmetic and personal care product manufacturers are present in the country. The rising production capacities of these products are creating a strong demand for piroctone olamine. Additionally, China has the largest population in the APAC region, and. The low manufacturing and capital costs in China attract new investments and provide significant opportunities to personal care businesses. The piroctone olamine market in China is characterized by the presence of many small and large scale players.
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 [PL1] [SS2] are among the major players in the Asia Pacific piroctone olamine market.
The overall Asia Pacific piroctone olamine market size has been derived in accordance with both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the piroctone olamine market.
[PL1]Pls separate the company names with semicolons as there are commas within a few names.
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