South Korea Biocides Market Size & Outlook, 2022-2030
South Korea biocides market, 2018-2030 (US$M)
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South Korea biocides market highlights
- The South Korea biocides market generated a revenue of USD 171.3 million in 2022 and is expected to reach USD 219.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, halogen compounds was the largest revenue generating product in 2022.
- Phenolic is the most lucrative product segment registering the fastest growth during the forecast period.
Biocides market data book summary
| Market revenue in 2022 | USD 171.3 million |
| Market revenue in 2030 | USD 219.1 million |
| Growth rate | 3.1% (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 |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global biocides market in 2022.
- Country-wise, France is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biocides market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,468.4 million by 2030.
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Biocides Market Scope
Biocides Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea biocides market outlook
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 28.55% in 2022. Horizon Databook has segmented the South Korea 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.
Plastics and water treatment are some of the applications that are likely to propel the market growth in South Africa. There are biocide manufacturers in the country such as ACTI-CHEM, that is involved in the manufacturing and distribution of the product.
The COVID-19 pandemic has hit the country’s economy hardly declining its currency sharply. The country is highly dependent on income from the tourism sector, which performed worst during the international tourism bans and lockdowns.
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Our clientele includes a mix of biocides market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea biocides market , including forecasts for subscribers. This country databook contains high-level insights into South Korea biocides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea biocides market size, by product, 2018-2030 (US$M)
South Korea Biocides Market Outlook Share, 2022 & 2030 (US$M)
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