H1 2023: In H1 2023, the Asia Pacific region was found as the largest consumer of Isothiazolinone. Its prices witnessed a increase in February 2023 in China due to high demand by the downstream industries. Supply stability persisted, with expensive imports playing a pivotal role in shaping the price trajectory. In February 2023, the product experienced a price fall in the Chinese market driven by a seasonal demand upswing, especially in downstream industries, resulting in a bearish market. The product's supply remained high, and the influenced the low-price trend. The seasonal period saw a favourable uptick in demand from downstream industries. However. in the second quarter of 2023, Isothiazolinone prices in the Chinese market underwent a bearish trend, mainly driven by subdued demand from the downstream Water treatment industry. During May and June, the price of Isothiazolinone consistently declined in the Chinese market. The diminished demand was primarily ascribed to inflationary pressures and hazy demand outlook in the Chinese market by the downstream water treatment sector.
The global Isothiazolinone market stood at approximately 50 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.2% during the forecast period until 2032.
Isothiazolinones, a class of chemical compounds renowned for their potent antimicrobial properties, find multifaceted applications across diverse industries. Primarily utilized as biocides and preservatives, with notable examples like methylisothiazolinone (MIT) and chloromethylisothiazolinone (CMIT), these compounds play a crucial role in extending the shelf life of water-based products such as paints, adhesives, and personal care items by preventing the proliferation of bacteria, fungi, and algae. In water treatment formulations, isothiazolinones act as effective microbiocides, controlling microbial growth in industrial water systems and processes like cooling water systems and pulp and paper processing. Commonly employed in personal care products, methylisothiazolinone serves as a preservative in items like shampoos and lotions, although its use has faced scrutiny due to concerns about skin sensitivity. Isothiazolinones also feature prominently in household products like detergents and fabric softeners, contributing to the stability and freshness of these consumer goods. In industrial settings, particularly in metalworking fluids, isothiazolinones prevent microbial contamination and degradation, ensuring the longevity and quality of fluids used in metalworking processes. Furthermore, their presence in the paint and coating industry enhances the durability and stability of water-based formulations.
The primary driver of the market's expansion is the surging requirement for Isothiazolinone within the Water Treatment sector. As industries increasingly prioritize water quality and microbial control, Isothiazolinones have emerged as essential components in water treatment formulations. Their effectiveness as microbiocides plays a pivotal role in inhibiting microbial growth in various industrial water systems, ranging from cooling water systems to processes like pulp and paper production. The surge in demand can be attributed to the critical need for reliable and efficient solutions to maintain water quality, prevent contamination, and ensure the integrity of industrial processes. The expanding application of Isothiazolinones in water treatment aligns with global efforts to enhance environmental sustainability and meet stringent regulatory standards, further driving their adoption in this key sector. The expanding paints and coatings industry, driven by construction projects, contributes significantly to the demand for Isothiazolinones, which serve as crucial preservatives in water-based formulations. Additionally, the construction sector's growth globally and the rising awareness of the importance of microbial control in water systems fuel the demand for Isothiazolinones. The global Isothiazolinone market is anticipated to reach nearly 74 thousand tonnes by 2032.
The Asia Pacific region is poised for substantial Isothiazolinone consumption in the forecast period, driven by robust industrial expansion and heightened construction activities. With burgeoning sectors such as water treatment, paints and coatings, personal care, and household products, Isothiazolinones, prized for their potent antimicrobial properties, emerge as pivotal biocides and preservatives. The region's strategic emphasis on water treatment aligns synergistically with the efficacy of Isothiazolinones as microbiocides, addressing the imperative of maintaining industrial water quality. Furthermore, escalating construction and infrastructure ventures, particularly in key economies like China and India, amplify demand, notably in the paints and coatings sector where Isothiazolinones function as preservatives. The versatile utility of Isothiazolinones in prolonging product shelf life positions the Asia Pacific region as a formidable and expanding consumer base in the projected business landscape.
Based on the end-user industry, the global Isothiazolinone market is divided into Water Treatment, Personal Care, Paper & Pulp, and Others. However, Water Treatment industry is the major segment and held approximately 40% of the global Isothiazolinone market in 2022.
Major players in the Global Isothiazolinone market are Dow Chemicals, Solvay S.A. , Lonza, BASF SE, Valtris, Xing Yuan Chemistry, Heaven Sent Chemistry, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Isothiazolinone which covers production, demand and supply of Isothiazolinone market in the globe.
• To analyse and forecast the market size of Isothiazolinone
• To classify and forecast Global Isothiazolinone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Isothiazolinone market in the globe.
To extract data for Global Isothiazolinone market, primary research surveys were conducted with Isothiazolinone manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Isothiazolinone market over the coming years.
ChemAnalyst calculated Isothiazolinone demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Isothiazolinone. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Isothiazolinone manufacturers and other stakeholders
• Organizations, forums and alliances related to Isothiazolinone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Isothiazolinone manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Isothiazolinone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
50 thousand tonnes
Market size Volume in 2032
74 thousand tonnes
Growth Rate
CAGR of 3.97% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Water Treatment, Personal Care, Paper & Pulp, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Isothiazolinone in terms of volume in 2022?
Ans:
The global market size of Isothiazolinone had reached approximately 50 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Isothiazolinone?
Ans:
Asia Pacific region is the leading consumer of Isothiazolinone globally.
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