Frequently Asked Questions
The global polycide market was valued at USD 2.8 Billion in 2022.
In the years 2023 to 2030, the market for polycide is anticipated to expand at a CAGR of 5.50%.
The global polycide market will be valued at USD 4.07 Billion in 2030.
Liquid-based is the leading segment by product form, holding over 69.7% share in terms of value in 2022.
The pharmaceutical segment governs the demand for polycides in the world, holding a massive share of over 43.5% in 2022.
Asia Pacific is fueling the growth of the polycide industry, with an over one-third share in 2022.
The top players include BASF SE, DynaChem Inc., Shanghai Jiangqing International, and Valtris Specialty Chemicals Ltd. Other major players include Lascaray S.A., Oleon NV, Purestreak Chemicals, and J.M. Huber Corporation.
The increased concerns about hospital-acquired infections and the rise in foodborne illnesses and outbreaks can be linked to the rising demand for polycides.
Although the polycide business is expanding, the manufacturing method requires a lot of capital.
The increasing commercial and hospitality spaces and rising demand for eco-friendly disinfectants are the major opportunities in the polycide industry.