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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.
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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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