Southeast Asian Biocides Market Grows the Fastest, Reports Kline
PARSIPPANY, NJ – While biocides market growth in the mature markets of Europe and the United States is estimated at two percent and slightly less than one percent, respectively, the five-percent growth forecast in biocides consumption in Southeast Asia during 2014-2019 makes this region one of the fastest growing and most attractive regions globally. This and other information is found in a new report, Specialty Biocides: Southeast Asia Market Analysis and Opportunities, which ispublished by global consulting and research firm Kline & Co.
In recent years, the region has enjoyed economic progress, which is driving demand in the construction, packaging, transportation and consumer products industries, among others. These in turn are driving growth of key end-use industries in industrial preservation applications, such as coatings, adhesives and sealants, and synthetic latex polymers. Consequently, industrial preservation applications are leading market demand, accounting for the largest consumption of specialty biocides in Southeast Asia, both in volume and value terms.