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    Asia Pacific Biocides Market Forecast 2026 By Product (Metallic Compounds, Halogen Compounds, Organic Acids, Organosulfur, Nitrogen, Phenolic), By Application (Food & Beverage, Water Treatment, Wood Preservation, Paints & Coatings, Personal Care, Boilers, HVAC, Fuels, Oil & Gas), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: November 2020   |   Report ID: GR1536   |   Delivery: PDF  Request Free Sample

    Asia Pacific Biocides Market size exceeded USD 3 billion in 2019 and is expected to expand at 6% CAGR from 2020 to 2026.

    Asia Pacific Biocides Market

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    Biocides are substances used to combat, deter, and destroy harmful micro-organisms such as bacteria, fungi, and viruses. They contain one or more active substances which prevent microbial activities and wield a controlling effect on harmful micro-organisms. Biocides are available in various forms such as metallic compounds, halogen compounds, organic acids, organosulfur, nitrogen, and phenolic. The major applications include food & beverage, water treatment, wood preservation, paints & coatings, personal care, boilers, fuels, and oil & gas.

    Asia Pacific Biocides Market, By Product

    The paints & coatings application segment accounted for USD 425 million revenue in 2019. Metallic compound-based biocides generally consist of metals such as silver, copper & its alloys, and zinc. They are mainly used in the paints & coatings industry in order to counter deterioration due to microbial activities as well as to increase the shelf life of paints. Rapid industrialization in emerging economies have resulted in a surge in construction activities in the Asia Pacific region which has attributed to the increasing demand for paints & coatings.

    The halogen compound-based biocides segment held around USD 990 million revenue in 2019. Halogen compound-based biocides generally comprise of chlorine, fluorine, iodine, and bromine which counter micro-organisms through oxidation by electrochemical process. Halogens comprise of disinfectant properties and hence are extensively used for water treatment applications. Increasing population and growing industrialization in the region have augmented the need for safe water for drinking and other purposes.

    Asia Pacific Market, By Application

    The food & beverage application segment crossed USD 531.7 million revenue in 2019, due to growing working population, hectic work schedules, and rising disposable income of consumers. Biocides play an essential role in limiting the growth and spread of harmful micro-organisms.

    The Asia Pacific biocides market size from personal care application segment was valued at USD 475 million revenue in 2019, owing to the rising cosmetic industry especially in emerging economies. Biocides are widely used in cosmetic products for skin cleansing by inhibiting the growth of micro-organisms. Growing awareness regarding personal care and increasing consumer disposable income have augment the market demand. Emerging economies such as China & India contributed to more than 60% of the revenue share in the personal care application segment.

    Asia Pacific Market, By Country

    The China and India biocides market dominated over 50% revenue share in 2019, on account of rising per-capita income, increasing healthcare awareness, and growing demand for paints & coatings. Additionally, favourable FDI policies in emerging economies is another major factor expected to drive the market growth.

    Competitive Industry Landscape

    Prominent participants operating across the Asia Pacific biocides market includes DuPont, Lanxess AG, Dow Chemical Company, Troy Corporation, BASF SE, AkzoNobel, Clariant AG, Lonza, Thor Group, Cortec Corporation, Valtris Specialty Chemicals, and Baker Hughes.

    Frequently Asked Question(FAQ) :

    How much did the Asia Pacific Biocides Market size account for in 2019?
    The market size of Asia Pacific Biocides Market was valued over USD 3 billion in 2019.
    What is the expected growth rate for Asia Pacific Biocides Market share during the forecast timespan?
    The industry share of Asia Pacific Biocides is projected to witness 6% growth rate during 2020 to 2026.
    Which are the Key Players associated with the market?
    Asia Pacific biocides market share is competitive with key players including DuPont, Lanxess AG, Dow Chemical Company, Troy Corporation, BASF SE, AkzoNobel, Clariant AG, Lonza, Thor Group, Cortec Corporation, Valtris Specialty Chemicals, and Baker Hughes.

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