(Food-Beverage-News.Com, January 18, 2020 ) Meticulous Research® – leading global market research company published a research report titled “Microbial Control Chemical Market by Method (Sterilization, Antisepsis, Disinfection), Type (Phenolics, Halogens, Oxidizing Agents, Aldehydes, Alcohol, Heavy Metals, Oxazolidines, BIT, IPBC), Application (Water Treatment, Preservation & Protection, Health & Hygiene, Personal Care, Food & Beverages, Wood Preservation, Oil & Gas), and Geography–Global Forecast to 2023”. According to this latest publication from Meticulous Research®, the global microbial control chemical market is expected to grow at a CAGR of 5.23% from 2018 to reach USD 19,213.13 million by 2023. The growth of this market will be driven by factors such as rising application of microbial control chemical in various industries and rising demand for efficacy on communicable diseases such as H1N1, SARS, bird flu, and MRSA. However, side effects associated with the chemicals hinder the growth of this market to some extent.
The global microbial control chemical market study presents historical market data in terms of values (2015 and 2017), estimated current data (2018), and forecasts for 2023-by method (sterilization, antisepsis, disinfection), type (phenolics, halogens, oxidizing agents, aldehydes, alcohol, heavy metals, oxazolidines, BIT, IPBC, others), and application (water treatment, preservation & protection, health & hygiene, personal care, food & beverages, wood preservation, oil & gas, others). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on the method, the sterilization market commanded the largest share of the global microbial control chemical market in 2017. However, the disinfection market is expected to grow at the fastest CAGR during the forecast period, owing to the rising adoption across many industry verticals for improving the quality, durability, and stability of products.
Based on type, microbial control chemical market for phenolics commanded the largest share of the global market in 2017 with huge and growing applications in laboratories and hospitals. Moreover, the rising focus of major players such as Syngenta AG, UPL, FMC Corporation, The Dow Chemical Company, Lonza, Bayer AG, Nufarm Limited, BASF Corporation, and Limin Chemical Co. Ltd towards this market is also fueling the growth of this segment during the forecast period.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Spain, France, Italy, Germany, U.K., and RoE), Asia-Pacific (China, India, Taiwan, Japan, Australia & New Zealand, and RoAPAC), and rest of the world. North America commanded the largest share of the global microbial control chemical market in 2017, followed by Europe and the Asia Pacific. Rising demand for environmentally friendly products, growing regulations, and the presence of a large number of food processing industries and food-borne diseases are majorly attributed to the large share of this region. However, Asia Pacific is the fastest-growing region during the forecast period owing to the rising awareness, growing industrialization, and increasing focus on hygiene and health. Moreover, governments of this region have widely accepted the technology to provide better facilities to their citizens and improve the standard of living.
The major players operating in the global microbial control chemical market are Syngenta AG, UPL, FMC Corporation, The Dow Chemical Company, Lonza, Bayer AG, Nufarm Limited, BASF Corporation, Limin Chemical Co. Ltd., and Marrone Bio Innovations among others.