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Home  > Markets & companies  > Raw materials market  > Biocides: a global growth market

Thursday, 09 July 2020
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Markets & companies, Raw materials market

Biocides: a global growth market

Wednesday, 12 September 2012

With a roughly 42% share of global consumption, North America is the major sales market for biocides. Until 2019, Asia-Pacific is likely to see its share of worldwide biocide consumption to expand to over 24 %.

Biocides are used to prevent damages caused by microbes or other organisms. They protect industrial products and consumer goods as well as animals and human beings. Source: erbephoto - Fotolia.com
Biocides are used to prevent damages caused by microbes or other organisms. They protect industrial products and consumer goods as well as animals...

Although biocides are usually added in comparatively low quantities to the final product, market research institute Ceresana forecasts global revenues of almost USD 7.3 billion in 2019. 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.

North America is the major sales market, Asia-Pacific catches up

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. "Due to the rapid growth in industrial output, demand for biocides in the sectors water treatment, paints, varnishes, paper, and plastics increases. At the same time, improved standards of living and stricter hygiene regulations have caused utilization in consumer-related sectors such as disinfectants to rise", explains Oliver Kutsch, CEO of Ceresana.

The analysts of Ceresana expect countries in Asia-Pacific, with the exception of Japan, to increase their shares of the global market for biocides. Until 2019, this region is likely to see its share of worldwide biocide consumption to expand to over 24 %. This development will occur mainly at the expense of Western Europe and North America, where the sales markets are already saturated.

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