Menu ×

CHEMICALS AND ADVANCED MATERIALS

Slimicides Market Analysis by Type (Bromium, Aldehydes, Organic Sulfur, Quaternary Ammonium Compounds and Others); by Form (Powder, and Liquid); and by End-User (Paper Industry, Oil Extraction Industry, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

IN THE NEWS

  • Parchem Fine and Specialty Chemicals, Inc.- has become the official distributor for Yasho Industries of their YAPOX Tolyltriazole and Benzotriazole in the USA. This partnership is expected to provide the U.S. customers with a powerhouse of technical knowledge, service and advanced supply chain.
  • Lonza Group Ltd announced plans to construct a large-scale commercial drug product fill and finish facility in Stein (CH). The plan is anticipated to provide customers with a complete and integrated end-to-end solution that includes commercial drug product manufacturing for large-scale market supply.

Global Slimicides Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Slimicides-Market-Scope

The global slimicides market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. Further, the market generated a noteworthy revenue in the year 2021. The primary growth factor of the slimicides market is attributed to the increased consumption of paper and paper products. Recently, it was estimated that global consumption of paper was totaled 399 million tons in 2020. This figure is projected to rise in the next decade with the consumption value at 466 million tons by 2031.

Slimicides-Market-Size

Get more information on this report: Request Sample PDF

Slimicides, also known as antislime agents, are antimicrobial chemical agents used for eliminating microorganisms that produce slimes, algae, bacteria, slime, and fungi. These chemicals are extensively used in the papermaking processes as a large amount of water is recirculated and numerous paper-making chemicals are added during the process for improving the productivity and quality of papers. Thus, the large production of paper for various purposes is estimated to expand the slimicides market size in the forecast period. In 2022, it was anticipated that approximately 300 million tons of paper are produced across the world every year.

Global Slimicides Market: Growth Drivers and Challenges

Growth Drivers

  • Boom in Online Shopping – The escalation of online shopping has prompted the production of paper for packaging which in turn is estimated to foster the demand of slimicides. According to the recent estimates, in 2021, over two billion people bought goods and services online. Further, in 2020, the e-retail sales surpassed 4.2 trillion U.S. dollars worldwide.
  • Growth in Production of Packaging Paper – The adoption of paper packaging across various industries such as food & beverages, bakery, confectionery, personal care & cosmetics, and others, are expected to boost the demand for papers and slimicides. It was estimated that the global packaging paper and board production value was 256,130 metric tons in 2018, up from 235,500 metric tons in 2016.
  • Expansion of Oil Industry – To prevent gas souring, pipeline clogging, and microbial-induced corrosion of equipment and transportation pipes from microbial growth, slimicides is used in oil industry. Thus, the rising consumption of oil worldwide is anticipated to fuel the demand of slimicides market. The global oil consumption in 2021 was calculated to be 4.25 billion metric tons, a rise from 4 billion in 2020. Furthermore, it was estimated that the total revenues generated from the oil and gas drilling sector in 2021, were approximately USD 2.1 trillion.
  • High Expenditure on Chemical – The capital expenditure on the global chemical industry is projected to be USD 239 billion in 2023. This is a significant rise from USD 220 billion in 2020.

Challenges

  • Growing Environmental Concerns Due to High Production of Water Waste
  • Huge Amount of Tree Cutting
  • Side-effects Imposed by Chemicals

The slimicides market is segmented and analyzed for demand and supply by end-user into paper industry, oil extraction industry and others. Out of these, the paper industry is attributes to garner the highest revenue by 2031. The presence of paper mills producing papers for consumption is expected to the primary growth factor for the market. As of 2022, in the United States, the number of active paper mills was counted to be 137. Further, the high employment of people in paper mill businesses is an another growth factor. It was estimated that there were approximately 48,600 paper mill employees in the United States in 2022.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Slimicides Market Regional Synopsis

Regionally, the global slimicides market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2031, on the back of high consumption of paper in the region. China is the largest producing country which produced 117 million tons of paper in 2020. Beside this, the presence of large agricultural lands in the region is expected to bolster the demand of slimicides to kill microorganisms. According to the World Bank, the agricultural land in Asia Pacific was 47.45% in 2018.  Further, the constant government support in the regional countries on making huge investments to increase the production and extraction of oil & gas is expected to creating strong demand for slimicides. As per the India Brand Equity Foundation, in May 2022, ONGC announced an investment of USD 4 billion from FY22-25 to increase its exploration in India.

Slimicides-Market

The global slimicides market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global slimicides market includes the following segments:

By Type

  • Bromium
  • Aldehydes
  • Organic Sulfur
  • Quaternary Ammonium Compounds
  • Others

By Form

  • Powder
  • Liquid

By End-User

  • Paper Industry
  • Oil Extraction Industry
  • Others
 
Top Featured Companies Dominating the Global Slimicides Market
  • The Dow Chemical Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Parchem Fine and Specialty Chemicals, Inc.
  • LANXESS
  • BASF SE
  • Lonza Group Ltd.
  • Vink Chemicals GmbH & Co. KG
  • Albemarle Corporation
  • Superior Plus
  • Finor Piplaj Chemical Limited
  • DuPont de Nemours, Inc.

 

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved