As per Future Market Insights, the Polycide market is anticipated to attain a value pool of USD 3 Billion by 2023-end. Global demand for Polycide is expected to rise at a CAGR of 5.2% to USD 5 Billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 3 Billion |
| Projected Market Value in 2033 | USD 5 Billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
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The growth of the market can be attributed due to the steady increase in demand from pharmaceutical sector across the globe.
It has various application in pharma as well as food industry. Increase in the usage of disinfectant cleaner in food industry is going to boost the demand of polycide across the globe. The growing demand for improved properties and quality is expected to provide growth opportunities for the products market.
Major factors driving the market are the growing demand from the food and beverage industries as this compound is a green, clear liquid dual acting disinfectant cleaner. It is used to clean and disinfect hard surfaces and other surfaces. This multipurpose disinfectant is odorless and is safe to use on food contact surfaces.
High economic growth and increase in population are expected to drive this food and beverage industries, thereby propelling the demand for polycide in cleaning and disinfectant applications.
It also has biocidal property which is very useful in preventing the undesired growth of fungi, algae, and bacteria in various process industries such as baking, breweries, food processing distilleries, confectionery and distilleries. It is also used in the preservation of industrial products, such as paper, textile, leather and paint.
Thus rise in the demand of industries is going to increase the demand of polycide. Growth in demand for water treatment and general sanitation in industries is a major factor estimated to drive the market in the near future.
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Increasing demand from the pharmaceutical industries is one of the major factors driving the world’s polycide market.
As this compound when converted to liquid form acts as a medicine that is used for common preservatives in eardrops, nasal drops , eye drops, antiseptic, mouth ulcers, gum irritation, abrasions and for the preservation of pharmaceutical products and other condition.
The demand of advanced pharmaceutical products has been increasing rapidly around the globe, which in turn has led to increased consumption of pharmaceutical ingredients and raw material. Thus this pharmaceutical industry is acting as one of the key usage industry for the product.
APAC is estimated to be the largest market for polycide in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.
The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector.
China, Japan and India are leading the market demand in the Asia Pacific with the increasing growth of the regional pharmaceutical industry as it acts as a preservative for pharmaceutical products.
After the COVID -19 pandemic, the demand for the products made for hygiene and disinfection is increasing rapidly in which this compound plays a very important role.
The region is expected to continue to remain the fastest growing market globally, attributing to the accelerating emergence of local stakeholders in the pharmaceutical industries.
North America is also expected to witness significant market growth of this compound on account of rising production in food and beverage industries over the forecast period.
Also, North America is the largest pharmaceutical market in the world, driven by the USA, and the demand of this product will hence witness significant growth in the region on account of this factor. Stringent regulations pertaining to food packaging and production are projected to further stimulate demand.
Some of the leading manufacturers and suppliers include
Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decarbonize their supply chains. Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Form 6.2. Application 7. Global Market Analysis and Forecast, By Product Form 7.1. Liquid 7.2. Solid 8. Global Market Analysis and Forecast, By Application 8.1. Pharmaceutical 8.2. Food and Beverages 8.3. Domestic Cleaning 8.4. Industrial & Institutional Cleaning 8.5. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Product Form and Application for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Shanghai Hipoly Bio Tech Co Ltd (China) 18.2. Dynachem Specialty Chemical Solutions (South Africa) 18.3. Purestreak Chemicals (China) 18.4. Langfang BLD Trade and Co (China) 18.5. Shanghai Jiangqing International Co. Ltd (China) 18.6. Weifang Maochen Chemical Co. 18.7. Valtris Specialty Chemicals (USA)
Chemicals & Materials
October 2022
REP-GB-154
250 pages
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Polycide Market
