Market Study: Biocides Multi–Billion Dollar Market in Biocides – Study Predicts Growth in Asia–Pacific
The global market for biocides and agrochemicals expands to developing nations: Until 2019, analysts believe, Asia–Pacific could account for over 24% of this multi–billion dollar biocides market with worldwide revenues of US $ 7.3 billion.
The emerging economies of Asia and South America drive the global market for biocides: From crop protection to disinfectants, these substances see wide use in a variety of industries. Although biocides are usually added in comparatively low quantities to the final product, market research institute Ceresana forecasts global revenues of almost US$7.3 billion in 2019.
Considerable Differences in Price and Consumption
The prices of biocides vary considerably depending on the type of product, thus constituting a crucial influence on revenues generated in the various fields of application. The sectors paints, disinfectants, and smaller niche applications in particular utilize biocides that are substantially more expensive than products applied in, i.e., water treatment. In quantitative terms, as far as consumption of biocides is concerned, the dominating area on the market for biocides is industrial and public water treatment.
High Revenues With halogen Compound Products
The highest revenues in 2011 were generated with biocides based on halogen compounds, followed by metallic and organosulfur compounds. Demand for halogen biocides is mainly influenced by the water treatment sector. In this application area they are facing strong competition by other chemical products and alternative measures suchs as UV-radiation or ultrafiltration.
About a Quarter of Demand Coming from Asia
With a roughly 42% share of global consumption, North America is the major sales market for biocides, followed by Western Europe and Asia-Pacific. Shares in demand of the individual world regions will continue to shift over the next eight years. In the past, developing countries in Asia–Pacific have already been able to profit from the dynamic development of additional important sales markets for biocides.
Read more about the reasons for this rapid devlopment on page 2!