Indonesia Biocides Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: CM24091901 | Research Suite: Report (PDF) & Market Data (Excel)
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