Polycide Market size was valued at USD 2.97 billion in 2023 and is likely to cross USD 5.81 billion by 2036, expanding at more than 5.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polycide is assessed at USD 3.1 billion. Polycide is a disinfectant and cleanser, generally used in the food and beverages industry to safely clean the surfaces. The growth of the market can be attributed to the growing demand for disinfecting cleansers across the various industry verticals.
The market is primarily growing on the back of the increased demand for polycide in cleaning applications in the food and beverages industry, as it has biocidal properties. Biocidal properties refer to the ability of the solution to kill living microorganism, such as, fungi, bacteria, and others. Various food processing industries, including, bakery, breweries, and confectioneries deploy intensive use of yeast and abiotic bacteria, and hence, proper disinfection of surfaces and utensils is necessary. This application of polycide is anticipated to boost the market growth. Further, the growth in the food and beverages industry is also projected to encourage the market growth. For instance, the global functional foods and beverage industry generated a revenue of approximately USD 280 billion in 2021. Moreover, the increased health awareness amongst people, post the COVID-19 pandemic, is estimated to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.3% |
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Base Year Market Size (2023) |
USD 2.97 billion |
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Forecast Year Market Size (2036) |
USD 5.81 billion |
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Regional Scope |
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The market is bifurcated by form into liquid and solid, out of which, the liquid segment is anticipated to hold a substantial share in the global polycide market over the forecast period on account of high demand for liquid form of polycide, as it is easier to use for cleaning applications.
Our in-depth analysis of the global market includes the following segments:
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By Form |
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By Application |
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On the basis of geographical analysis, the global polycide market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is anticipated to hold largest revenue share by 2036, owing to growth in the chemical manufacturing industry, combined with the rising food and beverages industry in the region.
On the other hand, the market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing food and beverages industry in the region, backed by the changing lifestyles of people, along with rising disposable income. As per the report by National Health and Nutrition Examination Survey, 36% to 40% people consume fast food on any given day in the U.S.
January 06, 2022: Valtris Specialty Chemicals Ltd. announced the planned expansion of Benzoylchloride production in Europe.
May 14, 2021- J.M. Huber Corporation signed a definitive agreement with RHI Magnesita for acquiring their 50% ownership stake in the joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG.
Author Credits: Radhika Pawar
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