Market for biocides declines
According to a recently completed market study by business analysts Kline & Company, enterprises from China and India have been flooding the market with generic biocide products, driving prices down, suppressing profitability, and generally adding to the pressure already being felt by Western suppliers.
The least affected sectors in both the Western European and
European sales of biocidal actives to the plastics and resins market are expected to grow by almost 5% over the next five years, with silver-based actives growing 10% annually. In the
At the other end of the spectrum, the leather tanning market for biocides is in a downward spiral, with much of the market now dominated by offshore suppliers in
Those that remain are diversifying their product lines to offer formulated biocidal products, as opposed to single active ingredients, in order to provide value-added products.