Asia-Pacific Biocides Market – Industry Trends and Forecast to 2030

Asia-Pacific Biocides Market, By Type (Halogen Compounds, Organic Acids, Nitrogen Based Biocides (Quaternary Ammonium Compounds), Metallic Compounds, Organosulfur Compounds, Phenolic Biocides, Others), Product Type (Preservatives, Pest Control, Others), Application (Water Treatment, Food and Beverage, Boilers and Industrial Cooling Towers, Personal Care, Wood Preservation, Paints and Coatings, Heating, Ventilation, and Air Conditioning (HVAC), Boilers, Metal Working Fluids, Marine Industry, Plastics, Leather, Others) – Industry Trends and Forecast to 2030.

Asia-Pacific Biocides Market Analysis and Size

Growing innovations by several multinationals to develop their product portfolio and the increasing preference for natural biocides enhances the market growth over the coming years. The halogen compounds segment led the biocides market in 2022 and accounted for 25.00% revenue share. This is attributed to high usage of halogens, such as iodine, fluorine, and chlorine, as bases in biocide compositions.  It has been seen that biocides are considerably used in the disinfection of food containers, pipes or surfaces utilized in food logistics and more.

Data Bridge Market Research analyses that the biocides market was valued at USD 3,112.63 million in 2021 and is expected to reach USD 4563.85million by 2030, registering a CAGR of 4.90 % during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand..     

Asia-Pacific Biocides Market Scope and Segmentation

Market Definition

Biocides are anti-microbial chemicals used to control and prevent the growth of viruses, mold and bacteria. They are also used as antiseptics to treat infections in damaged skin and as preservatives in cleansers, soaps, face washes, and conditioners. Biocides are manufactured using metallic compounds, halogens, phenols, and organosulfur compounds. As a result, they find widespread applications across many industries, such as personal care, wood preservation, wastewater treatment, food and beverages, paints and coatings, and construction.

Biocides Market Dynamics

Drivers

• Increasing  demand of biocides in water treatment

Increasing demand for biocides in water treatment is expected to drive the market's growth during the forecast period. Biocides are used to prevent film formation, biofouling and algal contamination in water systems, such as cooling water, spas and pools, municipal drinking water treatment systems, and industrial water treatment systems. Water treatment applications use biocides, such as hydrogen peroxide, silver, bromine, sodium bromide, hypobromous acid, chlorine tablets, stabilized bromine, sodium hypochlorite, calcium hypochlorite, Bronopol, QACs, and isothiazolinone. Therefore, increasing demand of biocides in water treatment boosts the market growth.

• Growing usage of biocides as antimicrobial protection products

The growing usage of antimicrobial protection products in numerous end-use industries is likely to propel the market growth. Biocide is an antimicrobial protection product that inhibits or lowers the levels of microorganisms such as mold and bacteria. The biocides have extensive applications as an antimicrobial in various sectors such as paints & coatings, cosmetics & personal care, agrochemicals, food & beverages, oil & gas, and pulp & paper and many other. In hospitals and other institutions, the use of biocides is important to control the widespread of infectious diseases. Thus, a rise in usage of antimicrobial protection products in numerous end-use industries is likely to boost the market growth.

Opportunities

• Rising usage of biocides in paint and coating industry

Growing biocides in paint and coating usage is likely to create lucrative opportunities for the market during thr forecast period industry. Paints and coatings are extremely susceptible to airborne and waterborne microbial contaminants because of their exposure to bulk handling. The usage of biocides in paints and coatings provide various benefits such as microbial growth prevention, dry-film preservation, and in-can preservation in paints and coatings. It also helps to prevent fungal development in paints when the paint dries. All these factors are enhancing the market growth.

• Surging product launches and other innovations by major market players

The surging product launches and other innovations by major market players further offer ample growth opportunities within the market. For instance, LANXESS announced the production of a new products for the Indian Leather industry in 2020 so that they can fulfill the growing demand of leather products. This launch will help improve the customer base and create revenue for the business.

 Restraints/ Challenges

• Adverse effects associated with biocides

The use of biocides can lead to severe ecological consequences. Anti-fouling paints have compounds such as Tributyltin that adversely affect aquatic ecosystems. Furthermore, biocides pose a particular risk to pregnant women, small children, unborn life, or people with serious chronic illnesses. As a result of all these factors the market growth is negatively effected during the forecast period.

• Availability of alternatives to biocides

The availability of an alternative to biocides such as inhibitors of HPDE is another major factor likely to hamper the market's growth. Some known inhibitors are hydroxylamine and its salts, sodium thiocyanate.

This biocides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biocides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2022, Bridgnorth Aluminium collaborated with Veolia Water Technologies in which Veolia Water will help in compliance services and water treatment processes at the production site in Shropshire. Veolia Water Technologies deliver servicing chemical supply and Legionella compliance for its water treatment process and cooling towers systems.
• In 2022, Arxada collaborated with Troy Corporation. This collaboration will create an innovative, advanced and comprehensive offering in Arxada’s Microbial Control Solutions (MCS’) business. They will also allow the delivery of value-added and new services and solutions to customers.
• In January 2021, Lanxess acquired biocides specialist Intace SAS to reinforce its business. The company is going to extend its biocide technology platform for packaging and labeling and in customer goods industry.

Asia-Pacific Biocides Market Scope

The biocides market is segmented on the basis of type, products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Halogen Compounds
• Organic Acids
• Nitrogen Based Biocides (Quaternary Ammonium Compounds)
• Metallic Compounds
• Organosulfur Compounds
• Phenolic Biocides
• Others

 Product

• Preservatives
• Pest Control
• Others

 Application

• Water Treatment
• Oil and Gas
• Municipal Water Treatment
• Power Plants
• Pulp and Paper
• Swimming Pools
• Mining
• Other
• Food and Beverage
• Boilers and Industrial Cooling Towers
• Personal Care
• Wood Preservation
• Paints and Coatings
• Heating, Ventilation, and Air Conditioning. (HVAC)
• Boilers
• Metal Working Fluids
• Marine Industry
• Plastics
• Leather
• Others

Biocides Market Regional Analysis/Insights

The biocides market is analysed and market size insights and trends are provided by country, type, products, and application as referenced above.

The countries covered in the biocides market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China dominates the Asia-Pacific biocides market due to its large population which increases the demand of the product among consumers in this region. Furthermore, the growing demand of the biocides as ingredient in several chemical industries will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Biocides Market Share Analysis

The biocides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biocides market.

Some of the major players operating in the biocides market are:

• BASF SE (U.S.)
• CLARIANT (Switzerland)
• Dow (U.S.)
• Akzo Nobel N.V (Netherlands)
• Kemira Oyj  (Finland)
• THOR (U.S.)
• Italmatch AWS (Italy)
• LANXESS (Germany)
• Albemarle Corporation (U.S.)
• Lonza (Switzerland), Ecolab (U.S.)
• Merck KgaA (Germany)
• Solvay (Belgium)
• The Lubrizol Corporation (U.S.)
• Evonik Industries AG (Germany)
• Nouryon (Netherland), Ashland (U.S.)
• Bayer AG (Germany)