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 2023-2035
Buy Now Report ID: 4294 | Published Date: Mar 16, 2023
The global slimicides market is estimated to garner a revenue of USD 5774 Billion by the end of 2035 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 3606 Billion in the year 2022. The growth of the market can be attributed to the increased consumption of paper and paper products. Recently, it was estimated that global consumption of paper 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. The increasing use of paper for printing, painting, graphics, and signage is estimated to drive market growth in the coming years. According to market research, the growing population of students and increased educational institutes increase the use of paper usage, consequently cruising market growth. The books that are old and have been stored in the library are prone to fungus damage owing to climate change, humidity, and the gaining of paper hence slimicides are very useful to preserve those books. Upanishats, old manuscripts, and literature books must be stored and protected from damage, and slimicides play an essential part in that process.
Slimicides, also known as anti-slime agents, are antimicrobial chemical agents used for eliminating microorganisms that produce slime, 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.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~4% |
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Base Year Market Size (2022) |
~ USD 3606 Billion |
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Forecast Year Market Size (2035) |
~ USD 5774 Billion |
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Regional Scope |
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Growth Drivers
Boom in Online Shopping with Increasing Internet Penetration – The escalation of online shopping has prompted the production of paper for packaging which in turn is estimated to foster the demand for slimicides. According to recent estimates, in 2021, over two billion people bought goods and services online. Further, in 2020, e-retail sales surpassed 4.2 trillion U.S. dollars worldwide.
Growth in the Production of Packaging Paper with Rising Adoption of Ec0-Friendly Products – 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 the Oil Industry with Increasing Consumption in Many Industries as a Fuel Source – To prevent gas souring, pipeline clogging, and microbial-induced corrosion of equipment and transportation pipes from microbial growth, slimicides are used in the oil industry. Thus, the rising consumption of oil worldwide is anticipated to fuel the demand for the 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 Industry with Rising Use in Textiles and Painting Sector – 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
The increasing side effects of chemicals on the health of humans, animals, and marine life is estimated to hamper the market growth in the coming years. The slimicides are made of chemicals such as organic sulfur, Bromium, ammonium compounds, and aldehydes which are harmful when released into the environment.
The global slimicides market is segmented and analyzed for demand and supply by end-user into the paper industry, oil extraction industry, and others. Among these, the oil extraction industry is estimated to garner the largest market share as per the market analysis. The increasing use of oil in the aviation sector is estimated to drive market growth. Also, the rapid growth in the shipping industry and marine infrastructure is anticipated to drive market growth in the coming years. As per the estimations for 2022, over 4% of the global oil production was consumed by the shipping industry with the use of over 280 million tons of fossil fuels per annum. The oil extraction industry includes the extraction of huge amounts of fuel every day that are prone to the formation of slime. Fuels such as light oil, aviation biofuel, and gasoline are heavy fuels and are stored in tanks. The water is mixed into the tanks through water breathing or condensation methods. At this water and oil interface microorganisms such as bacteria, molds, fungi, algae, and yeast are generated and form a sludge called slime. The slime floats on the top layer of the oil tanks and flows through the pipes clogging the pipes. The clogged slime prevents the efficient flow of fuels in the excessive process of fuel.
The global slimicides market is also segmented and analyzed for demand and supply by end-user into the paper industry, oil extraction industry, and others. Out of these, the paper industry is attributed to garner the highest revenue by 2035. The presence of paper mills producing papers for consumption is expected to be 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 another growth factor. It was estimated that there were approximately 48,600 paper mill employees in the United States in 2022. The increasing application in the paints and coatings industry and metalwork fluids is also increasing the market growth as slimicide is used as a corrosion inhibitor. The rising construction sector and its expenditure across the world are also anticipated to boost the use of paints & coatings which in turn drives the market growth.
Our in-depth analysis of the global slimicides market includes the following segments:
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By Type |
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By Form |
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By End User |
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The Asia pacific slimicides market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the high consumption of paper in the region. China is the largest producing country which produced 117 million tons of paper in 2020. Besides this, the presence of large agricultural lands in the region is expected to bolster the demand for 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 create 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.
The North American region is estimated to garner the second-largest market share as per the market analysis. The market growth is attributed to the increase in the use of paper-based products such as paper cups with rising awareness among people of eco-friendly items. The rising number of paper manufacturing companies in North America is also increasing with the support of people towards paper products and packaging industries. The increasing use of oil resources for various industries, as well as the increased use of tissue paper and toilet paper in this region, is expected to drive market growth during the forecast period. As per the reports, in 2021 the United States was estimated to utilize over 18 million barrels of oil per day.
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 U.S. customers with a powerhouse of technical knowledge, service, and an 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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: The expansion of the paper industry along with the high consumption and production of paper and the rise in the oil industry are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2035.
Ans: The high amount of tree cutting, rising environmental concerns along with side-effects of chemicals are estimated to be the growth-hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are The Dow Chemical Company, Parchem, LANXESS, BASF, Lonza Group Ltd., Vink Chemicals GmbH & Co. KG, Albemarle Corporation, Superior, Finor Piplaj Chemical Limited, DuPont de Nemours, Inc. and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, form, end user, and by region.
Ans: The paper industry segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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