Biocides are active chemical molecules that are used to limit the growth of germs that come into contact with humans or animals. Antibiotic characteristics are active substances of synthetic or natural origin that are used for the eradication of illnesses caused by bacteria. Biocides are used to limit the usage of antibiotics. Biocide preservation applications are at the forefront of the industry, consuming the most specialist biocides in terms of both volume and value. Despite regulatory pressures to reduce the number of biocides used in end products based on their concentrations, blends of carefully selected biocidal active substances in optimal ratios, combined with new technological advancements, can provide improved preservation solutions without the need for cautionary labelling.
Data Bridge Market Research analyses that the biocides market was valued at USD 10,889.6 million in 2021 and is further estimated to reach USD 16967.26 million by 2029, and is expected to grow at a CAGR of 5.7% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Global Biocides Market Scope and Market Size
The biocides market is segmented on the basis of type, product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Halogen Compounds
Organic Acids
Nitrogen Based Biocides (Quaternary Ammonium Compounds)
Metallic Compounds
Organosulfur Compounds
Phenolic Biocides
On the basis of type, the biocides market is segmented into halogen compounds, organic acids, nitrogen based biocides (quaternary ammonium compounds), metallic compounds, organosulfur compounds, phenolic biocides and others.
Product Type
Preservatives
Pest Control
Others
On the basis of product type, the biocides market is segmented into preservatives, pest control and others.
Application
Water Treatment
Food and Beverage
Boilers and Industrial Cooling Towers
Personal Care
Wood Preservation
Paints and Coatings
HVAC, Boilers
Oil and Gas
Fuels
Metal Working Fluids
Marine Industry
Plastics
Leather
On the basis of application, the biocides market is segmented into water treatment, food and beverage, boilers and industrial cooling towers, personal care, wood preservation, paints and coatings, HVAC, boilers, oil and gas, fuels, metal working fluids, marine industry, plastics, leather and others.
Biocides Market Regional Analysis/Insights
The biocides market is analysed and market size insights and trends are provided by country, type, product type and application as referenced above.
The countries covered in the biocides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the biocides market due to the water treatment is estimated to be a prominent consumer of the product, after that cleaning products. Furthermore, the growing consumption in cleaning products which is highly helped from the heightened disinfectant production will further boost the growth of the biocides market in the region during the forecast period.
North America is projected to observe significant amount of growth in the continuous developing regulations. Moreover, the growing research and development activities among the manufacturers, formulators, and end users is further anticipated to propel the growth of the biocides market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Biocides Market Share Analysis
The biocides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biocides market.
Some of the major players operating in the biocides market are:
Lubrizol Corporation (US)
BASF SE (Germany)
Clariant (Switzerland),
Cortec Corporation (US)
Dow (US)
Akzo Nobel N.V. (Netherlands)
Kemira (Finland)
Thor (US)
BWA WATER ADDITIVES (US)
LANXESS (Germany)
Albemarle Corporation (US)
Lonza (Switzerland)
Baker Hughes (US)
General Electric Company (US)
Buckman (US)
Valtris Specialty Chemicals (US)
Ecolab (US)
Merck KgaA (Germany)
Ques Industries, Inc. (US)
Biocides Market Dynamics
Major factors that are expected to boost the growth of the biocides market in the forecast period are as follows:
Drivers
Rise in the Use of Antimicrobial Protection in End Use Industries
Biocides have become increasingly popular in a variety of industries. Because cooling water systems provide a favourable environment for the growth of microorganisms, cooling towers are one of the most common application areas for biocides in power plants, mining, and chemical facilities is further anticipated to propel the growth of the biocides market.
Increase in the Product Demand in Medical Industry
The medical business is expanding as a result of increased consumer awareness of health and hygiene. This, together with economic growth, is encouraging manufacturers to use new technologies in developing medical solutions is further contributing the market growth.
Growing Demand from Paints and Coatings Industry
The market is being driven by the growth of the paints and coatings market. The product is used to protect the painted surface against microbial contamination such as fungal or bacterial growth caused by air pollution and exposure to the outside environment in this sector.
Opportunities
In addition, the growing attention on government on the consumption of clean water is further estimated to provide potential opportunities for the growth of the biocides market in the coming years.
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