The biocides market boasts several key features, including its role in safeguarding against microbial contamination, preservation, and disinfection in various industries. Dominating the segment are biocides used in water treatment. This includes disinfection of drinking water, swimming pools, and industrial processes. The market also encompasses biocides for the preservation of paints, coatings, and personal care products. With increasing awareness of hygiene and stringent regulations, biocides play a pivotal role in ensuring product quality, safety, and environmental compliance across diverse sectors, driving their continued prominence in the market.
According to Data Bridge Market Research, the North America Biocides Market is expected to reach USD 6,737.29 million by 2030, which is USD 4,132.56 million in 2022, registering a CAGR of 6.30% during the forecast period of 2023 to 2030.
“Rising usage of biocides in the paint and coating industry boost the market’s growth”
The rising usage of biocides in the paint and coating industry is primarily driven by the need for long-lasting and microbial-resistant products. Biocides help prevent the growth of mold, mildew, and algae on painted surfaces, extending the lifespan of coatings. This trend is fueled by increased consumer demand for durable and visually appealing surfaces, as well as stricter regulations governing volatile organic compounds (VOCs) in coatings. As a result, biocides have become indispensable in maintaining product quality and durability in this sector.
What restraints the growth of the North America biocides market?
“Availability of substitutes restraints the market’s growth”
The availability of substitutes poses a significant restraint on the biocides market. Concerns about the environmental impact and potential health risks associated with certain biocides have led to the development of alternative solutions, such as bio-based additives and non-chemical methods for microbial control. Additionally, regulatory pressures to reduce the use of certain biocides in various applications have prompted industries to seek alternative solutions. This competition from substitutes challenges the growth and market share of traditional biocides.
Segmentation: North America Biocides Market
The North America biocides market is segmented on the basis of type, products, and application.
- On the basis of type, the North America biocides market is segmented into halogen compounds, organic acids, nitrogen based biocides (quaternary ammonium compounds), metallic compounds, organosulfur compounds, phenolic biocides, and others.
- On the basis of products, the North America biocides market is segmented into preservatives, pest control, and others.
- On the basis of application, the North America biocides market is segmented into water treatment, food and beverage, boilers and industrial cooling towers, personal care, wood preservation, paints and coatings, heating, ventilation, and air conditioning (HVAC), boilers, metal working fluids, marine industry, plastics, leather, and others.
Regional Insights: U.S. dominates the North America Biocides Market
The U.S. dominates the North America biocides market, driven by the surging demand for biocides in the food and beverage preservation sector. Additionally, the region's substantial geriatric population, seeking preserved food and beverages to maintain bone health, contributes to market growth. This dual demand from both industry and aging demographics positions the U.S. as a key player in shaping the biocides market landscape in North America.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/north-america-biocides-market
Recent Developments
- In 2022, Bridgnorth Aluminium joined forces with Veolia Water Technologies to enhance compliance services and water treatment processes at their Shropshire production site. Veolia Water will provide chemical supply and Legionella compliance services for the site's water treatment and cooling tower systems.
- In 2022, Arxada partnered with Troy Corporation to bolster Arxada's Microbial Control Solutions (MCS') business. This collaboration aims to offer innovative and comprehensive solutions while delivering added value and new services to customers.
- In January 2021, Lanxess bolstered its business by acquiring biocides specialist Intace SAS. This acquisition extends Lanxess's biocide technology platform, particularly for packaging, labeling, and the consumer goods industry.
The Prominent Key Players Operating in the North America Biocides Market Include:
- BASF SE (U.S.)
- CLARIANT (Switzerland)
- Dow (U.S.)
- Akzo Nobel N.V (Netherlands)
- Kemira Oyj (Finland)
- THOR (U.S.)
- Italmatch AWS (Italy)
- LANXESS (Germany)
- Albemarle Corporation (U.S.)
- Lonza (Switzerland), Ecolab (U.S.)
- Merck KgaA (Germany)
- Solvay (Belgium)
- The Lubrizol Corporation (U.S.)
- Evonik Industries AG (Germany)
- Nouryon (Netherland), Ashland (U.S.)
- Bayer AG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of North America biocides market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: North America Biocides Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
