Indonesia Biocides Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

Biocides are substances with a chemical and/or biological action that has to deal with hazardous organisms. It tends to play a significant function in a myriad of industries ranging from the manufacturing sector, horticulture, and food processing companies, as well as medical facility. It is necessary to note that the term ‘biocide’ relates to a wide range of products, which involve pesticides, bactericides, fungicides, and so on.

They play an important role of preventing food borne infections to the people in the food industry by ensuring that cleanliness is observed during food preparation and preservation. Also, it is used in the water treatment processes to protect the microbiological quality of wastewater as well as drinking water.

The demand for biocides in Indonesia has been on the rise in the past few years owing to the growing application of the product in various industries such as agriculture, water treatment, manufacturing among others.

The Indonesia biocides market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period 2024-2034.

Such substances as biocides that are used to reduce pathogenic microorganisms play a critical role in the preservation of products and inhibition of microbial activity within tropical regions especially Indonesia. As a result of the increasing population and the development of industrialization across the regions, the need for biocides is expected to grow further during the forecast period (2024-2034).

Growth Drivers:

The market for biocide is mostly driven by consumer goods, including detergents, cosmetics, cleaning supplies, and disinfectants as the consumer awareness of hygiene and cleanliness has increased as a result of the worldwide pandemic. Effective antimicrobial compounds are becoming increasingly important in daily products as consumers are becoming more health-conscious and aware of cleanliness practices.

Increasing regulations designed to lessen the impact on the environment encourage manufacturers to invest in environmentally friendly or green biocide products. According to 2024 findings of FDI Technologies, 80% of consumers are very or somewhat worried about the environmental impact of their purchases. Companies are trying to improve their brand image and attract eco-aware customers by incorporating sustainable practices into their operations. For instance, LANXESS set a target to be a climate neutral company in 2040.

The efficacy and safety of Indonesia Biocides are increased by ongoing advancements by multinational corporations to create new formulations and enhance current products. This includes a rising inclination toward safer or more natural substitutes that satisfy consumer needs and have the least negative effects on the environment.

The importance of maintaining a healthy environment in halting the spread of infectious diseases has been highlighted by the global COVID-19 pandemic. Because of this, there has been a sharp increase in demand for biocidal treatments that are designed to clean and disinfect surfaces in a variety of contexts, including homes, public areas, and healthcare facilities.

Indonesia Biocides Market Segmentation:

By Type:

·         Oxidizing Biocides

o   Halogen Compounds

o   Metallic Compounds

·         Non-Oxidizing Biocides

o   Quaternary Ammonium Compounds

o   Phenolic Compound

o   Organic Acids

o   Organosulfur Compounds

·         Other Biocide Types

By Application:

·         Water Treatment

·         Food & Personal Care Products

·         Cleaning Products

·         Paints & Coatings

·         Furniture & Furnishing

·         Clothing & Textiles

·         Leather & Suede

·         Fuel Preservatives

·         Others

Indonesia Biocides Market by Type Review:

Based on the type, the Indonesia biocides market is segmented into three segments including oxidizing biocides, which is further sub-segmented into halogen compounds, and metallic compounds, non-oxidizing biocides, which is further sub-segmented into quaternary ammonium compounds, phenolic compound, organic acids, and organosulfur compounds, and other biocide types. On the basis of product type, the oxidizing biocides segment is expected to dominate the market in terms of market share, while the non-oxidizing biocides segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Indonesia Biocides Market by Application Review:

Based on the application, the market is segmented into water treatment, food & personal care products, cleaning products, paints & coatings, furniture & furnishing, clothing & textiles, leather & suede, fuel preservatives, and others. On the basis of application, the water treatment segment is expected to be the largest in terms of market share, while the food & personal care products segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Country Outlook:

The biocides market in the Indonesia is accounted for a market share of XX.X% in 2023.

Indonesia has the largest economy in Southeast Asia and one of the fastest-growing economies in the region, and its biocides market is following this trend. Biocides used for controlling specific hazardous organism finds application in water and wastewater treatment, agriculture, paints and coatings, and personal care industries. Indonesian industries vary and encompass numerous sectors, and the environment continues to pose considerable threats hence rising demand for biocides in the past few years.

Indonesia is experiencing significant a process of urbanization and industrialization which increases the pressure on the water resources, agriculture and environment. Therefore, the need for biocides in the present world is paramount to meet sanitation, public health and efficiency in industries. The Indonesian biocides market is mainly influenced by the sectors including water treatment, paints and coatings, as well as agriculture, these sectors are influential in Indonesia’s economic growth.

Key Companies in Indonesia Biocides Market:

The research report offers a competitive analysis of prominent companies operating in the Indonesia biocides market. Some of the leading players profiled in the market research report include:

·         BASF SE

·         LANXESS AG

·         Solvay

·         Albemarle Corporation

·         Clariant

·         Lonza Group AG

·         Lubrizol

·         Kemira

·         Dow

·         Ecolab

·         Other Player’s