Market revenue in 2022 | USD 1,304.4 million |
Market revenue in 2030 | USD 1,773.6 million |
Growth rate | 3.9% (CAGR from 2022 to 2030) |
Largest segment | Halogen compounds |
Fastest growing segment | Phenolic |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Halogen Compounds, Metallic Compounds, Organosulfurs, Organic acids, Quaternary Ammonium Compounds, Phenolic, Nitrogen, Glutaraldehyde |
Key market players worldwide | Neogen Corp, Albemarle Corp, The Lubrizol Corp, Basf SE, Solvay SA, Lanxess AG, Lonza Group Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biocides market will help companies and investors design strategic landscapes.
Halogen compounds was the largest segment with a revenue share of 28.56% in 2022. Horizon Databook has segmented the China biocides market based on halogen compounds, metallic compounds, organosulfurs, organic acids, quaternary ammonium compounds, phenolic, nitrogen, glutaraldehyde covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the largest freshwater fish producers, and this projects lucrative growth opportunities to biocides in cleaning products. A larger of commodity chemicals such as sodium hypochlorite are expected to hinder the consumption of biocides in the country. Regulations for China are relatively less-stricter when compared to those of the UK and U.S.
Therefore, the country projects a wider scope of potential for all biocide products. Besides water treatment, cleaning products is another prominent consumer of biocides in the country, majorly driven by the accelerated disinfectant production.
The transitioned China has tighter regulations and higher labour wages when compared to earlier times. The influence is likely to be more impactful on small to medium sized market players with no strong hold.
Horizon Databook provides a detailed overview of country-level data and insights on the China biocides market , including forecasts for subscribers. This country databook contains high-level insights into China biocides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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