Piroctone Olamine Market Analysis & Global Opportunitites -2027

Piroctone Olamine Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Purity More Than 99% and Purity More Than 98%) and Application (Shampoo and Hair Care Products, Cosmetics, and Washing Products)

Publication Month : Nov 2020

  • Report Code : TIPRE00015679
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 136
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The piroctone olamine market was valued at US$ 66,704.53 thousand in 2019 and is projected to reach US$ 92,013.30 thousand by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 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.

In 2019, Asia Pacific held the largest share of the global piroctone olamine market. The APAC holds ample opportunities for the growth of piroctone olamine providers. APAC countries such as Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries. The manufacturing sector is rapidly adopting the innovative technologies and processes. Over the past few years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at the significantly high pace. The significant development in the manufacturing sector generates a need for advanced solutions that increases the demand for piroctone olamine market. Rising foreign direct investments also lead to economic growth in the region. India, Japan, and China are amongst the major markets for piroctone olamine in the Asia Pacific region. Rising production and demands for cosmetic products, mainly due to the cultural change, increasing women employment, growing youth population, and influence of the western culture are the key factors boosting the demand for piroctone olamine in Asia Countries

The COVID-19 pandemic began in Wuhan, China, in December 2019. As of November 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst-affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemicals and materials is one of the major industries facing serious disruptions, such as office and factory shutdown, and supply chain breaks, which has resulted in reduced demand for piroctone olamine.

Global Piroctone Olamine Market

Global Piroctone Olamine Market
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Market Insights

Rising Preference for Piroctone Olamine over Ketoconazole and Zinc Pyrithione

Dandruff, or pityriasis capitis, is a chronic scalp condition caused by fungus Malasseziaglobosa, and it is characterized by scaling, itching, or redness. Hence, shampoos comprising antifungal agents are preferably used to combat this condition. Traditionally, ketoconazole and zinc pyrithione are two identified compounds that are used in the formulation of anti-dandruff shampoos. With time, the use of piroctone olamine has become more prevalent. In several controlled clinical trials conducted by various researchers, piroctone olamine has been proven to be superior to ketoconazole and zinc pyrithione. A study undertaken by NCBI  compared these three ingredients and observed that the use of Piroctone olamine helps to reduce the hair fall by 16.5%, improves hair shaft diameter by 7.9%, and significantly decreases the production of sebum in the scalp.. In other study conducted by SpecKare, compared two shampoo types—one of with piroctone olamine (0.75%) mixed with salicylic acid (2%) and other including zinc pyrithione (1%) as active ingredient. The results of the study show that while ZPT (Zinc Pyrithione) reduced dandruff by 68.6%, and the active ingredient piroctone olamine reduced the dandruff problem by 81.7%. On the similar grounds, the use of piroctone olamine also outperformed climbazole. Additionally, piroctone olamine has been extensively in use in several personal care products for more than 30 years owing to its properties such as minimal toxicity, better solubility, and compounding characteristics. Hence, the greater demand for piroctone olamine than ketoconazole, climbazole, and zinc pyrithione  drives the market for the same.

Type Insights

Based on type, the piroctone olamine market is segmented into more than 99% and purity more than 98%. The purity: more than 99% segment led the piroctone olamine market in 2019 with a larger market share. 99% pure piroctone olamine is slightly soluble in water and oil. Further, it is freely soluble in 1–10% ethanol in water as well as in aqueous surfactant solutions. .  

Application Insights

Based on application, the piroctone olamine market is segmented into shampoo and hair care products, cosmetics, washing products. The shampoo and hair care products segment held the largest market share in 2019. 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.

Global Piroctone Olamine Market, by Application– 2019 and 2027

Global Piroctone Olamine Market, by Application– 2019 and 2027
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Piroctone Olamine Market: Strategic Insights

Market Size Value inUS$ 66,704.53 thousand in 2019
Market Size Value byUS$ 92,013.30 thousand by 2027
Growth rateCAGR of 4.2% from 2020 to 2027
Forecast Period2020-2027
Base Year2019
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Key market players include Spec Chem Industry Inc.; Starchem Enterprises Limited; Zhonglan Industry Co., Ltd; Clariant AG; and Merck KGaA. These companies provide piroctone olamine for the diversified industry applications. They also operate their piroctone olamine production and distribution services in various countries worldwide, which helps them in catering to a wider customer base.

Report Spotlights

  • Progressive industry trends in the global piroctone olamine market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies in developed and developing markets
  • Quantitative analysis of the global piroctone olamine market from 2017 to 2027
  • Estimation of demand for piroctone olamine across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and demand for piroctone olamine
  • Market trends and outlook, and factors driving and restraining the growth of the piroctone olamine market
  • Understanding on strategies that underpin commercial interest with regard to the market growth, helping stakeholders in decision-making
  • The Piroctone olamine market size at various nodes of market
  • Detailed overview and segmentation of the global market as well as its dynamics in the industry
  • Piroctone olamine market size in various regions with promising growth opportunities

By Type

  • Purity more than 99%
  • Purity more than 98%

By Application

  • Shampoo and Hair Care Products
  • Cosmetics
  • Washing Products

Company Profiles

  • Spec Chem Industry Inc
  • Starchem Enterprises Limited
  • Yantai Aurora Chemical Co., LTD.
  • Zhonglan Industry Co.,Ltd
  • Clariant
  • Shandong Chuangying Chemical Co., Ltd
  • Merck KGaA
  • JSN Chemicals LTD
  • Junwee Chemical Co.,Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

Can you list some of the major players operating in the global piroctone olamine market?

The major players operating in the global piroctone olamine market are 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, JSN Chemicals LTD, Junwee Chemical Co.,Ltd among many others.

Which region held the largest share of the global piroctone olamine market?

In 2019, Asia Pacific contributed to the largest share in the global piroctone olamine market. The growth of the piroctone olamine market in this region is primarily attributed to the presence of countries such as India, China, Japan, and many others. Governments in the region are promoting the manufacturing activities, eventually driving the market growth.

Based on product type, why shampoo and hair care segment accounted for the largest share in the global piroctone olamine market?

The shampoo and hair care products segment held the largest share in the global piroctone olamine market in 2019. Piroctone olamine are extensively used in the production of shampoo and hair care products. The anti-fungal properties in piroctone olamine help control the root cause of dandruff, a commonly occurring fungus called Malassezia globosa.

The List of Companies - Global Piroctone Olamine Market

  1. Spec Chem Industry Inc
  2. Starchem Enterprises Limited
  3. Yantai Aurora Chemical Co., LTD.
  4. Zhonglan Industry Co.,Ltd
  5. Clariant
  7. Shandong Chuangying Chemical Co., Ltd
  8. Merck KGaA
  9. JSN Chemicals LTD
  10. Junwee Chemical Co.,Ltd

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  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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