Biocides Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Biocides Market By Type (Phenolics, Organosulfurs, Organic Acids, Metallic Compounds, Halogen Compounds and Other Types), By Application (Wood Preservation, Water Treatment, Pharmaceutical and Personal Care, Paints and Coatings, Food and Beverage and Other Applications), and Geography

 

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Report

Description

The global biocides market was valued USD 11.5 billion in 2021 and is projected reach USD 13.9 billion by 2027, at a CAGR of 3.9% between 2021 and 2027. Rising need for water treatment, growing demand from various applications such as food & beverage, paints & coatings etc, rapid growth in global population thus increasing the demand for clean water are some of the key factors fuelling the market growth. However, stringent regulations imposed on the usage of chlorine is hampering the market growth. Moreover, new novel manufacturing technologies, manufacturing of eco-friendly products having less adverse environmental impact are the major opportunities during the forecast period. 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. Biocide preservation applications are at the forefront of the industry, consuming the most specialist biocides in terms of both volume and value. Global biocides market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2019, Safic-Alcan and Lanxess collaborated in biocides in France. Safic-Alcan collaboration will further strengthen relationship with Lanxess and will make possible to promote original and alternative biocides solutions.

Biocides Market

MARKET SUMMARY
-
3.9%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 3.9%
  • Largest Market– North-America
  • Fastest Growing Market– Asia pacific

Biocides Market

  • Global Biocides market report gives comprehensive outlook on Biocides across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global biocides market gives historical, current, and future market sizes (US$ Bn) on the basis of type, application, and region.
  • This report studies global biocides market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global Biocides market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global biocides products.
Market Key Players
  • Clariant AG
  • BASF SE
  • DowDuPont Inc.
  • Lanxess AG
  • Solvay S.A.
  • AkzoNobel N.V.
  • The Lubrizol Corporation
Growth

Biocides Market

Biocides is a useful compound in water treatment as it eliminates microbes in water. Chlorine is the most widely used industrial biocide. It has been used for disinfection of domestic water supplies and for the removal of tastes and odours from water for a long time. More chlorine is needed to kill the unwanted bacteria in a water system. Water towers are ideal locations for the growth of biological organisms, such as bacteria, algae, fungi, sulphate-reducing bacteria, and protozoa. These chemicals are widely used in cooling towers, spas and swimming pools, sewage treatment, and industrial wastewater treatment.


North-America Got Significant Share

Biocides Market

North America accounted for larger revenue share in global biocides market with considerable CAGR. XX. North America is expected to be the one of the fastest growing regions owing to the increasing end user industries such as paints & coatings, food and beverage in which biocides are used. Asia Pacific witnessed steady growth due to the rise in demand for water treatment among consumers and stringent regulations imposed on water preservation & management and huge growth of water treatment in countries such as China, India for residential and industrial applications has boosted the market growth in this region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global biocides market expanding at significant CAGR over 2021 to 2027 owing to rising demand for water treatment.
  • Based on application, water treatment segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global biocides market

Key

Key Features of the Report

Biocides Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Clariant AG
  • BASF SE
  • DowDuPont Inc.
  • Lanxess AG
  • Solvay S.A.
  • AkzoNobel N.V.
  • The Lubrizol Corporation
  • Kemira Oyj
  • Thor Group Limited
  • Troy Corporation

Description

The global biocides market was valued USD 11.5 billion in 2021 and is projected reach USD 13.9 billion by 2027, at a CAGR of 3.9% between 2021 and 2027. Rising need for water treatment, growing demand from various applications such as food & beverage, paints & coatings etc, rapid growth in global population thus increasing the demand for clean water are some of the key factors fuelling the market growth. However, stringent regulations imposed on the usage of chlorine is hampering the market growth. Moreover, new novel manufacturing technologies, manufacturing of eco-friendly products having less adverse environmental impact are the major opportunities during the forecast period. 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. Biocide preservation applications are at the forefront of the industry, consuming the most specialist biocides in terms of both volume and value. Global biocides market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2019, Safic-Alcan and Lanxess collaborated in biocides in France. Safic-Alcan collaboration will further strengthen relationship with Lanxess and will make possible to promote original and alternative biocides solutions.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX