The increasing demand of hygiene and skin care products has helped the rise of the zinc pyrithione market. The market was US$1.32 bn in 2018 and it is expected to reach US$1.69 bn by 2025, at a moderate CAGR of 3.59% between 2018 and 2025. The market is driven by increasing demand for various end-use products, such as shampoo, cosmetics, and coatings and paints amongst others.
Global Zinc Pyrithione Market: Drivers
Zinc pyrithione is commonly known as zinc Omadine. This compound finds its importance in personal hygiene products and is used in anti-dandruff shampoos, other cosmetics, and to treat a number of skin diseases, such as seborrhoeic dermatitis. The increasing consumer expenditure on such products is expected to drive the zinc pyrithione market globally. The compound also helps to prevent the growth of fungus that causes deteriorations of walls with odors, staining, and discoloration, especially on the outer coatings of the walls. So, demand for zinc pyrithione has surged due to its usage in paints and coatings for exteriors and interiors. The ban on tri-butyl-tin is another situation that has worked positively for creating lucrative growth opportunities for the global zinc pyrithione market.
Global Zinc Pyrithione Market: Segment Analysis
The global zinc pyrithione market is segmented by type and application. In terms of type, the market is segmented into liquid zinc pyrithione and solid zinc pyrithione. In terms of application, the market is segmented into cosmetics, coating and paints, dandruff shampoos, and others. The vast use of zinc pyrithione in hygiene and skin care sector has increased the importance of the chemical in the global market.
Global Zinc Pyrithione Market: Regional Analysis
On the basis of region, the global zinc pyrithione market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. In Asia Pacific region, China is still the largest consumer of zinc pyrithione for its population and standard of living. People in developing countries are becoming well off, with the increasing life expectancy, making the downstream demand stable. The prediction says that the consumption will increase with time keeping the global growth rate of zinc pyrithione market high.
Global Zinc Pyrithione Market: The Key Players
The key players studied in the global zinc pyrithione market research report are Lonza, Regen Chem, Kumar Organic, Minghong Fine Chem, Vivimed (Clariant), SANITIZED AG, Kolon Life Science, Chugoku Kogyo, Liyuan Chem, Salicylates and Chemicals, Zhufeng Fine Chem, Tinci, Ailitong Chem, Shivam Ind, and Hongbo Chem.
The report focuses on major industry players in the global zinc pyrithione market. The industry is expected to be innovation-led, with strategic alliances and frequent acquisitions as the key strategies by the players to increase their industry presence. For instance, Lonza announced the completion of the divestment of its former Water Care business and operations to Platinum Equity for USD 630 million, on 1st March. The agreement between both the companies was already announced on 1 November 2018, and this collaboration will help the two companies to stay ahead in the market.
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