Asia-Pacific Biocides Market is Projected to Grow at A CAGR of 3.7%

Date: 2015-11-07

In terms of volume, the Asia-Pacific biocides market is projected to grow at a CAGR of 3.7% from 2015 to 2020. Japan accounts for a larger share of 65.7% in the Asia-Pacific biocides market in 2014, and is expected to grow at a CAGR of 3.0% during the forecast period. This growth is primarily driven by increased focus on hygiene and growing concerns over the spread of infectious diseases in both residential and commercial/industrial spaces. 

In this report, the Asia-Pacific biocides market has been broadly classified on the basis of application and country. The application segment is divided into paints & coatings, disinfection, water treatment, adhesives & sealants, personal care, wood preservation, metalworking fluids, concrete admixture, plastics, and polymer emulsions, among others. On the basis of country, the market is segmented into Japan, Korea, Australia & New Zealand, Indonesia, Thailand, and Vietnam.

In terms of volume, the paints & coatings segment is the fastest-growing application segment, registering the highest CAGR of 4.7% from 2015 to 2020. Biocides are widely used as additives in the paints & coatings industry, as they are used for paint protection.

In terms of value, Vietnam is the fastest-growing country in the Asia-Pacific biocides market, and is expected to grow at a CAGR of 7.8% from 2015 to 2020.

The Asia-Pacific biocides market is dominated by several market players. The Dow Chemical Company (U.S.), Thor Group Limited (U.K.), Troy Corporation (U.S.), Lonza Group Limited (Switzerland), Clariant AG (Switzerland), Schülke & Mayr GmbH (Germany), and Ashland Inc., (U.S.), among others are key players in this market. New product launches, partnerships, agreements, and joint ventures are some of the key strategies adopted by market players to sustain their growth in the Asia-Pacific biocides market. 

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