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Global Zinc Pyrithione Market Expected to Grow at a CAGR of 3.8% During 2021-2026, Driven by its Rising Use in the Pharmaceutical Industry

According to a new report by EMR titled, 'Global Zinc pyrithione Market Report and Forecast 2021-2026', the global market for zinc pyrithione is expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026.

The market for zinc pyrithione is being driven by the use of the product in pharmaceutical and medical applications for the treatment of seborrheic dermatitis. The product is also used as a food preservative within the food and beverages industry. The product has a high demand in the paint and coatings manufacturing industry due to its slow corrosion under sunlight. In addition, the demand for the product in the paint industry and other adhesive products, as it is an antimicrobial agent and provides protection from algae, is aiding the market growth. Moreover, the rising demand for personal care products across the globe is expected to boost the market growth of zinc pyrithione.

Further, the thriving cosmetics industry is propelling the market growth. This can be attributed to the increasing manufacturing of grooming products like soap and shower segment, disinfectants, and anti-septic products which imbibe significant quantities of key ingredients, including zinc pyrithione. The aforementioned factors are expected to aid the market growth of zinc pyrithione over the forecast period as well. The market is further thriving due to the presence of flourishing industry players. Kumar Organic Products Limited, a major key player of zinc pyrithione, manufactures zinc pyrithione to be further used in anti-dandruff shampoos. It is a very effective ingredient and helps control dandruff issues. The anti-dandruff shampoos are easily available in different quantities and packaging on Walmart Inc (NYSE: WMT) and other growing retail channels, thus, further positively influencing the demand for zinc pyrithione.

Market Analysis by Grade, Application, and Region:

  • The zinc pyrithione industry, on the basis of grade, is divided into industrial grade and pharmaceutical grade.
  • Based on application, the market is segmented into cosmetic and personal care, paint and coatings, pharmaceuticals, and biocides, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for zinc pyrithione is being driven by the rising demand from the target end use industries.
  • The zinc pyrithione is used as the antibacterial coating for many applications like coating industries, textile, food and beverages, and paints for antibacterial activities. Therefore, these thriving industries are further aiding the market growth.
  • The product is in demand for multiple other materials as well, like adhesives, cables, carpet backing, and foam stuffing for wire insulation, cushions, and other coverings, as a preservative. Thereby aiding the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for zinc pyrithione for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the grades, applications, and major regions of zinc pyrithione. 
  • It gives an in-depth look at the regional price trends in the global market for zinc pyrithione.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Lonza Group Ltd., Sanitized AG, Zhejiang Regen Chemical Co., Ltd., JSN Chemicals LTD, Binhai Minghong Fine Chemical Co., Ltd, and Kumar Organic Products Limited, among others, are the key players in the global zinc pyrithione market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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