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Asia Pacific Biocides Market Size 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), Estimated to Exceed USD 4.5 Billion by 2026
Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1536 | Delivery : PDF  Request Free Sample

Asia Pacific Biocides Market share was valued at above USD 3 billion in 2019 and industry is expected to witness a growth over 6.0% by 2026.

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.

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. This is a major factor driving the Asia Pacific biocides market. In 2019, the biocides market from paints & coatings application sector accounted for a revenue of over USD 425 million in Asia Pacific region.

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. This is a major factor driving the Asia Pacific halogen compound-based biocides market. In 2019, halogen compound-based biocides accounted for a revenue of over USD 990 million in APAC.

The growing food & beverage industry in the region is another major driving factor for the Asia Pacific biocides market. Biocides play an essential role in limiting the growth and spread of harmful micro-organisms. Growing working population, hectic work schedules, and rising disposable income of consumers are key factors attributing to the growing food & beverage market in APAC. Moreover, the prevalence of novel coronavirus has further augmented the demand for biocides in the region. In 2019, the market size from food & beverage application segment accounted for a revenue of USD 531.7 million.

The rising cosmetic industry especially in emerging economies is a key factor driving the Asia Pacific biocides market. 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 augmented the demand for cosmetic products. This has mainly attributed to the market growth of Asia Pacific biocides market. In 2019, the Asia Pacific market size from personal care application segment accounted for a revenue of over USD 475 million. Emerging economies such as China & India contributed to more than 60% of the revenue market share in the personal care application segment.

Economic growth, rising per-capita income, increasing healthcare awareness, and growing demand for paints & coatings are some of the major factors driving the overall market. Additionally, favorable FDI policies in emerging economies is another major factor expected to drive the growth of Asia Pacific biocides market. In 2019, countries such as China and India accounted for more than 50% of the revenue market share of the Asia Pacific biocides 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.
 

Frequently Asked Question(FAQ) :

The market size of Asia Pacific Biocides Market was valued over USD 3 billion in 2019.
The industry share of Asia Pacific Biocides is projected to witness 6% growth rate during 2020 to 2026.
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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