Global biocides market revenues touch $7.3 bn in 2019, Ceresana study

Global biocides market revenues to touch $7.3 bn in 2019, Ceresana study

6:02 AM, 14th September 2012
Global biocides market revenues to touch $7.3 bn in 2019, Ceresana study

KONSTANZ, GERMANY: Although biocides are usually added in comparatively low quantities to the final product, market research institute Ceresana forecasts global revenues of almost $7.3 billion in 2019. The prices for biocides vary considerably depending on the type of product; thus constituting a crucial influence on revenues generated in 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, for instance 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.

With a roughly 42 per cent share of global consumption, North America is the major sales market for biocides, followed by Western Europe and Asia-Pacific. Demand in individual world regions will continue to shift over next eight years. Earlier, developing countries in Asia-Pacific have already generated profits 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 increased. Similarly, improved living standards and stricter hygiene laws have caused utilization in consumer-related sectors such as disinfectants to rise.

Ceresana analysts 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 expand to over 24 per cent. This development will occur mainly at the expense of Western Europe and North America, where markets are saturated.

The report also analyzes what role individual types of biocides play on the global biocides market. 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.

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