Global Biocides Market Segmentation, By Type (Halogen Compounds, Organic Acids, Nitrogen Based Biocides (Quaternary Ammonium Compounds), Metallic Compounds, Organosulfur Compounds, Phenolic Biocides, Others), Product Type (Preservatives, Pest Control, 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, Others) - Industry Trends and Forecast to 2031
Biocides Market Analysis
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.
Biocides Market Size
Global biocides market size was valued at USD 12.16 billion in 2023 and is projected to reach USD 18.94 billion by 2031, with a CAGR of 5.70% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Biocides Key Market Insights
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Segmentation
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Countries Covered
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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
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Key Market Players
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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) and Ques Industries, Inc. (US).
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Market Opportunities
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Biocides Market Definition
Biocides are products or chemicals that are used to kill pests or microbes. Mold, bacteria, algae, insects, and rodents are commonly utilised to manage and kill hazardous and undesired species. Disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and other biocides are used in households and public locations such as hospitals and industries.
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.
Restraints/Challenges Global Biocides Market
On the other hand, the environmental regulations on the toxic biocides is further projected to impede the growth of the biocides market in the targeted period. However, the variations in the raw material prices might further challenge the growth of the biocides market in the near future.
This biocides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biocides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Biocides Market
The pandemic of COVID-19 has had a huge impact on the biocides market. Due to disruptions in the global supply chain on the one hand, and increasing demand for disinfectants for household and personal care on the other, the biocides market is projected to be neutrally affected.. The oil and gas, paper and pulp, mining, home, industrial and institutional, paints and coatings, and wood industries are all heavily reliant on the market. However, in the post-COVID scenario, biocides market is projected to be significantly impacted.
Biocides Market Scope
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
- Others
Product Type
- Preservatives
- Pest Control
- 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
- Others
Biocides Market Regional Analysis
The biocides market is analyzed 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.
Biocides Market Share
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.
Biocides Market Leaders Operating in the 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)
Latest Developments in Biocides Market
- In January 2021, as part of their expansion to maintain their position as one of the major biocide makers, LANXESS has purchased Intace SAS, a French company. Intace SAS is a French company that specialises in fungicide and biocide formulation and application for the packaging industry
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