Polyhexanide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Polyhexanide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Chemical & Materials | PPT format

Report Digest


Polyhexanide Market – Introduction

Polyhexanide or polyhexamethylene biguanide hydrochloride (PHMB) is classified under the polymeric guanidine family and is a chemical biocide. Polyhexanide finds extensive application as a disinfectant and antiseptic agent in the food industry, agriculture, food processing plants, kitchen, logistics and transport vehicles. Use of polyhexanide is expected to increase in the future as the chemical has a disinfectant property against a broad spectrum of microorganisms including bacteria, fungi and virus.

Apart from the use of polyhexanide as a disinfectant, it is also used as a preservative in personal care products, cosmetics, contact lens solutions, hand washes and more. As the importance of sustainability penetrates in the chemical industry, polyhexanide fits well in the manufacturers’ search for environmentally friendly biocides. With this, demand for polyhexanide as an environment friendly disinfectant is expected to increase in products that are developed for cleaning, disinfection and hygiene functions.

Polyhexanide Market Dynamics

Polyhexanide Application as an Environmentally Friendly Biocide to Increase

Polyhexanide or PHMB is highly embraced as a new generation of disinfectant which is eco-friendly and finds extensive application in a wide scope of applications. Extensive utilization of polyhexanide across end use industries can be attributed to the chemical’s biocide activity against broad spectrum microorganisms such as bacteria, virus and fungi. With this, polyhexanide delivers a comprehensive antimicrobial and disinfecting solutions in an environmentally friendly manner.

Stringent Disinfection Regimes to Fuel Polyhexanide Market Growth

Heightened public concern regarding foodborne diseases, hospital acquired infections (HAI) and antibiotic resistance is likely to result in the development of intense cleaning regimes. With increased regulatory scrutiny, sectors such as food and beverage processing, healthcare and hospitality are likely to implement stringent disinfection regimes throughout the infrastructure. Also, consumption of antimicrobials and disinfectants is expected to gain momentum in the near future on the backdrop of increasing pressure on medical and health care providers from insurers by providing extensive coverage against deadly outbreaks and changes in medical reimbursement policies. With this, polyhexanide is expected to witness lucrative opportunities in the healthcare sector in the future. 

Strong Growth in Industrial Paints and Coatings Landscape Beneficial for Polyhexanide Market

Growth in residential construction activity and the rebound in housing construction activities is likely to increase demand for industrial paints and coatings. Polyhexanide is used in the production of paints and coatings as it has a high affinity for negatively charged molecules present on surfactants found in coating formulations. Also, coatings formulated with PHMB have been studied to show higher antifouling and antibiofilm properties. Owing to such superior properties, polyhexanide is used in the production of water-based architectural paints, home textile, floor covering and other construction materials.

Changing Demographic and Consumer Sentiments to Drive Polyhexanide Consumption

The population of people aged 60-85 is increasing. That combined with aging baby boomers are changing the global age-associated demography. Geriatric population rise can lead to increased healthcare demand, thereby driving the consumption of disinfectant in the healthcare sector. Also, with the improving economic scenario, increased purchase capacity of consumers has led to rising sales of specific and value-added disinfectant products. As polyhexanide finds extensive application in household cleaners as well as healthcare disinfectants, in the coming years, their demand will remain under the influence of changing demography and consumer sentiments.

Polyhexanide Market – Regional Outlook

North America registers leading demand for disinfectants wherein the United States accounts for a bulk of the regional consumption. Consumption of polyhexanide in North America can be attributed to growth in the residential construction activity as well as the active engagement of healthcare providers in maintaining disinfection and hygiene in hospitals. Countries in Asia Pacific are expected to register a rapidly rising demand for polyhexanide in the coming years owing to the impressive growth of the construction and healthcare infrastructure in the region.

Polyhexanide Market – Segmentation

Polyhexanide market is segmented on the basis of type and application.

Based on type, the polyhexanide market is segmented into,

  • Cosmetic grade
  • Standard grade

Based on application, the polyhexanide market is segmented into,

  • Pharmaceutical
  • Industrial
  • Daily Chemical
  • Agriculture

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?