Sodium Pyrithione Market Analysis 2020-2027:

Sodium pyrithione is the sodium salt derivative of pyrithione, a fungistatic and antimicrobial aspergillic acid derivative. Sodium pyrithione is a commonly demanded laboratory chemical used as a wide spectrum biocide, particularly against Gram-positive and Gram-negative bacteria in metal working fluids, rubber & paint, and cosmetics industries. Sodium pyrithione tends to interfere with membrane transporting, causing a lack of metabolic function. Sodium pyrithione is a broad spectrum of antimicrobials derivative of aspergillic acid which inhibits bacterial and fungal growth in domestic and industrial products such as shampoos, hair care, laundry, surface cleaning, pesticides, and fabric & leather treatments.  It is stable under standard environmental conditions when stored in closed, dark containers. The presence of sodium pyrithione does not directly affect the alkalinity of working metal fluids.

Market scope and structure analysis

Key drivers of global sodium pyrithione market

Increase in concern of personal grooming and customer purchasing power is projected to boost the global demand for sodium pyrithione. Sodium pyrithione is used in the shampoo and hair care products. Owing to the modern lifestyle, the demand for personal care goods is growing. This leads to the growth in personal care industry. Sodium pyrithione used in wide range of household items can effectively prevent the growth of bacteria and fungi in laundry treatment, surface cleaning, and hair care products. In addition to its antifungal performance, sodium pyrithione possess antibacterial efficacy. Thus, the demand for sodium pyrithione has been increasing significantly. 

Market scenario: opportunities and challenges

In the coming years, the global sodium pyrithione industry is expected to grow at a considerable rate. Surge in demand for sodium pyrithione is projected to generate significant growth opportunities in the future.

The acceptance of sodium pyrithione processing technology is expected to boost among consumers, owing to its antimicrobial property, which inhibits bacterial and fungal growth, thereby encouraging consumers to adapt hygienic lifestyle. However, sodium pyrithione is hazardous, and requires engineering control equipment (chemical-resistant gloves) and personal protective equipment (PPE) during its production, which incurs high cost, thereby hampering the growth of the market. In addition, the availability of various alternatives such as zinc pyrithione is anticipated to hinder the global demand for sodium pyrithione. On the contrary, zinc pyrithione's fungistatic and bacteriostatic qualities have made it a useful ingredient in skin care formulations, as it has a defensive function against fungal infections. Thus, surge in demand for personal care products is anticipated to offer remunerative opportunities for the expansion of the global market.

COVID-19 scenario analysis

Global sodium pyrithione market is expected to witness decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic.  Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output of anything from paint industry to personal care goods. The sodium pyrithione industry is anticipated to experience a direct impact for the next one or two years, if the growth of the personal care industry declines, as it is one of the key consumers of sodium pyrithione. Moreover, companies are dealing with missing sales and fractured supply chains as production activities shutdowns.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global sodium pyrithione industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sodium pyrithione market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global sodium pyrithione market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global sodium pyrithione market research report:

• Which are the leading market players active in the global sodium pyrithione market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?