Bio-lubricants Market End-use Industry, By Others
| Label | USD Million |
|---|---|
| 2018 | 612.5704969918464 USD Million |
| 2019 | 634.393638144 USD Million |
| 2020 | 656.99424 USD Million |
| 2021 | 680.4 USD Million |
| 2022 | 704.48616 USD Million |
| 2023 | 729.4249700640001 USD Million |
| 2024 | 755.2466140042658 USD Million |
| 2025 | 781.9823441400168 USD Million |
| 2026 | 809.6645191225736 USD Million |
| 2027 | 838.3266430995127 USD Million |
| 2028 | 868.0034062652355 USD Million |
| 2029 | 898.7307268470249 USD Million |
| 2030 | 930.5457945774097 USD Million |
| 2031 | 963.48711570545 USD Million |
| 2032 | 997.594559601423 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The small yet booming construction industry of the United Arab Emirates (UAE) is projected to expand exponentially in the coming years, given the large number of projects lined up in its major cities, including Dubai. The growing demand of apartments and commercial buildings will fuel the growth of the country’s real estate markets. As such, the demand for anticoagulant rodenticides has also increased in the UAE, given their importance in controlling the rat population to limit the spread of diseases. Although the usage of anticoagulant rodenticides has been restricted in many countries due to their non-specific toxicity, they are still widely used in most areas of the UAE, given the sheer number of rodents present in the landscape. Recognizing the fact that many of the rat species have become resistant to certain poisons, the UAE government has mandated the usage of several restricted-use rodenticides like zinc phosphide and Borac acid, along with anticoagulant rodenticides, to control these numerous species. Anticoagulant rodenticides are very effective weapons against the rat and mouse problems, as the rodents feed on the bait and consume the active ingredient, causing death within a few days.
Thus, this type of chemical control has been gaining in popularity due to its effectiveness and shorter life span. Furthermore, due to its cost-effectiveness, it has become a favored choice for pest control in the UAE, especially within the industrial, manufacturing and construction sectors. In the UAE, there are over 45 active ingredients of rat poison on the market, with most of them containing anticoagulants as an active ingredient. The demand for anticoagulant rodenticides is expected to remain strong over the forecast period, as pest control professionals and end-users continue to look to these chemical methods for rodent control. Major local players in the UAE anticoagulant rodenticides market include Syngenta, Indian Pesticides and Chemicals, Belgian chemists, Bonide Products, Vandeco Pest Control, and Cresco Chemicals. With the increasing demand for rodenticides, these companies are expected to benefit from the growth of the industry in the coming years. In conclusion, it can be said that the growth of the UAE anticoagulant rodenticides market is expected to remain strong over the forecast period (2018-2032), with the increasing demand from the construction, manufacturing and industrial sectors.
Apart from the regular use of anticoagulant rodenticides, the government also regularly engages in campaigns to spread awareness about their usage, which will have a positive effect on the overall market growth.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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