Polycide Market Overview
According to latest research, the polycide market is projected to expand between 4.0% and 6.0% CAGR during the 2021-2031 assessment period. The growth of the market can be attributed due to the steady increase in demand from pharmaceutical sector across the globe.
It has various application in pharma as well as food industry. Increase in the usage of disinfectant cleaner in food industry is going to boost the demand of polycide across the globe. The growing demand for improved properties and quality is expected to provide growth opportunities for the products market.
What is Driving Demand for Polycide Market?
Major factors driving the market are the growing demand from the food and beverage industries as this compound is a green, clear liquid dual acting disinfectant cleaner. It is used to clean and disinfect hard surfaces and other surfaces. This multipurpose disinfectant is odorless and is safe to use on food contact surfaces.
High economic growth and increase in population are expected to drive this food and beverage industries, thereby propelling the demand for polycide in cleaning and disinfectant applications.
It also has biocidal property which is very useful in preventing the undesired growth of fungi, algae, and bacteria in various process industries such as baking, breweries, food processing distilleries, confectionery and distilleries. It is also used in the preservation of industrial products, such as paper, textile, leather and paint.
Thus rise in the demand of industries is going to increase the demand of polycide. Growth in demand for water treatment and general sanitation in industries is a major factor estimated to drive the market in the near future.
Pharmaceutical industry is becoming a key segment for the Consumption of Polycide Market
Increasing demand from the pharmaceutical industries is one of the major factors driving the world’s polycide market. As this compound when converted to liquid form acts as a medicine that is used for common preservatives in eardrops, nasal drops , eye drops, antiseptic, mouth ulcers, gum irritation, abrasions and for the preservation of pharmaceutical products and other condition.
The demand of advanced pharmaceutical products has been increasing rapidly around the globe, which in turn has led to increased consumption of pharmaceutical ingredients and raw material. Thus this pharmaceutical industry is acting as one of the key usage industry for the product.
Asia Pacific Polycide Market outlook
APAC is estimated to be the largest market for polycide in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.
The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector.
China, Japan and India are leading the market demand in the Asia Pacific with the increasing growth of the regional pharmaceutical industry as it acts as a preservative for pharmaceutical products. After the COVID -19 pandemic, the demand for the products made for hygiene and disinfection is increasing rapidly in which this compound plays a very important role.
The region is expected to continue to remain the fastest growing market globally, attributing to the accelerating emergence of local stakeholders in the pharmaceutical industries.
North America Demand Outlook for Polycide Market outlook
North America is also expected to witness significant market growth of this compound on account of rising production in food and beverage industries over the forecast period.
Also, North America is the largest pharmaceutical market in the world, driven by the U.S., and the demand of this product will hence witness significant growth in the region on account of this factor. Stringent regulations pertaining to food packaging and production are projected to further stimulate demand.
Who are the Key Manufacturers and Suppliers of Polycide?
Some of the leading manufacturers and suppliers include
- Shanghai hipoly Bio tech co ltd (China)
- Dynachem specialty chemical solutions (South Africa)
- Purestreak chemicals (China)
- Langfang BLD trade and co(China)
- shanghai jiangqing international co.ltd (China)
- Weifang Maochen Chemical Co.
- Valtris specialty chemicals(USA).
Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decarbonize their supply chains. Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Product Form:
- Food and Beverages
- Domestic Cleaning
- Industrial & Institutional Cleaning
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- South Asia
- Australia & New Zealand
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- S. Africa
- Northern Africa
- Rest of MEA