The global Piroctone Olamine Market is valued at around USD 73.0 Million in 2022 and is anticipated to expand at a CAGR of 6.5%, reaching USD 137.1 Million by 2032. Growing demand for piroctone olamine for the production of hair care and cosmetics products is expected to drive the market.
| Attributes | Details |
|---|---|
| Piroctone Olamine Market Base Year Value (2021A) | USD 69.2 Million |
| Estimated Market Size Year (2022E) | USD 73.0 Million |
| Projected Market Valuation (2032F) | USD 137.1 Million |
| Value-based CAGR (2022 to 2032) | 6.5% |
| Collective Value Share: Top 3 Countries in 2022 | 51.3 % |
FMI forecasts that the global piroctone olamine market is projected to register year-on-year growth of 5.6% in 2022. Extensive applications of piroctone olamine in anti-dandruff shampoos, creams, rinses, lotions, and other skincare products are spurring demand in the market.
Piroctone olamine is also used in applications such as deodorants, perfumes, and washing products such as detergents, and soaps, which is expected to augment the growth in the market over the forecast period.
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The demand for piroctone olamine grew at a 2.9% CAGR between 2017 and 2021. As per the report, sales of piroctone olamine are slated to increase at a 6.5% CAGR over the assessment period.
Piroctone olamine is a powerful ingredient that fights dandruff at its source. Along with this, it is used as a preservative and thickening agent that increases the shelf life of products and prevents the growth of germs in cosmetics products.
It is a transparent formulation that is easy to formulate and has excellent pH and temperature stability, making it an ideal ingredient in various cosmetics products. In addition to this, piroctone olamine is an odor-eliminating agent, it is frequently used in deodorants to get rid of the body’s unpleasant odor. It's also used in soaps and other cleaning goods.
The rising application of piroctone olamine in various personal care products and other applications is expected to create opportunities for growth for players operating in the market over the forecast period.
The rising incidence of genus Malassezia globose on the scalp which causes dandruff due to changing weather and increasing stress levels are boosting demand for anti-dandruff and anti-hair fall products.
According to a study, almost 50% of the adult population across the globe is suffering from dandruff problems.
In response to this, manufacturers are transitioning into anti-dandruff shampoos and other product ranges. Increasing production of anti-dandruff shampoos is expected to create opportunities for sales of anti-dandruff ingredients over the forecast period.
Piroctone Olamine is a powerful ingredient that fights dandruff at its source. It also has a unique molecular composition that makes it very easy to dissolve in shampoo formula which makes it an ideal choice for shampoo manufacturers. This is expected to fuel sales of piroctone olamine in the hair care industry in the forthcoming years.
Surging Demand for Piroctone Olamine Creams in China Will Augment Growth
The cosmetic industry is growing rapidly in China and consumers are highly receptive to skincare and makeup products. Growing disposable income, increasing urbanization, and social media influence is propelling growth in the beauty and cosmetics sector.
Piroctone Olamine has a wide range of applications in the cosmetic industry. Rapid expansion, along with increasing sales of beauty and personal care products through online channels in China will augment the growth in the market over the forecast period.
Rising Awareness Regarding Skin Benefits of Piroctone Olamine in the USA Will Boost Sale
An increasing number of beauty clinics and high demand for makeup products in the USA is driving the cosmetic sector in the USA This is expected to have a direct impact on sales of piroctone olamine over the forecast period.
Increasing awareness of the benefits of piroctone olamine on the skin will boost the USA market in the forthcoming years. In addition to this, the increasing number of factories, vehicles, and power plants is elevating the pollution levels in the USA, which causes dandruff and other skin-related issues.
Piroctone Olamine ingredients have applications in antidandruff shampoos and skin care products. Increasing demand for antidandruff solutions and cosmetics products is expected to propel the growth in the USA piroctone olamine market.
Demand for >99% Piroctone Olamine Will Bolster
Piroctone Olamine with ≥99% purity has extensive applications in anti-dandruff shampoos and other hair care solutions, creams, rinses, lotions, and skincare products. The compound with 99% purity or higher also helps in increasing the shelf life of cosmetic products and prevents the growth of germs.
In addition to this, it is used as a smell-eliminating agent in deodorants, perfumes, and washing products such as detergents and soaps.
Increasing Adoption of Piroctone Olamine in Cosmetic Products Will Fuel Sales
Piroctone Olamine is used as a preservative and thickening agent that helps to increase the shelf life of products and prevents the growth of germs in cosmetics products. It is an active ingredient, and it can be used in creams, lotions, and cleansers.
When used with other ingredients, piroctone olamine can effectively reduce erythema, scaling, burning, and stinging sensations in cosmetics products.
It also has excellent pH and temperature stability and can also be employed in various anti-acne products such as gels, lotion, and cleansers. Sales in the cosmetics segment are anticipated to increase at a CAGR of 5.9% during the forecast period, reaching about USD 21.3 Million by end of the year 2032.
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Key players are strengthening their positions in the market by expanding their production capacities. Only a few market players control the majority of the market share in the global piroctone olamine market.
As the market has become more consolidated, prices have risen. Manufacturers are investing in research and development to reduce the production and procurement cost of piroctone olamine.
| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD 73 Million |
| Projected Market Valuation (2032) | USD 137.1 Million |
| Value-based CAGR (2022 to 2032) | 6.5% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Kgs for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa. |
| Key Segments Covered | Purity, Application, Region |
| Key Companies Profiled | 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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global piroctone olamine market is anticipated to reach a valuation of USD 73.0 Million in 2022.
The global piroctone olamine market is anticipated to expand at a 6.5% CAGR over the forecast period.
The global piroctone olamine market witnessed growth at a 2.9%CAGR between 2017 and 2021.
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 others are the key players in the global piroctone olamine market.
The top countries driving the piroctone olamine demand are China, the USA, and Germany.
| Market Size (2024E) | USD 2,511.7 million |
|---|---|
| Market Value (2034F) | USD 3,900.6million |
| Value-based CAGR (2024 to 2034) | 4.5% |
| Expected Industry Value in 2023 | USD 3,081.3 million |
|---|---|
| Expected Industry Value in 2033 | USD 4,955.9 million |
| Value based CAGR from 2023 to 2033 | 4.9% |
| Market Size (2022) | USD 10.75 billion |
|---|---|
| Market Size (2032) | USD 19.3 billion |
| Market CAGR (2022 to 2032) | 6.1% |
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