According to the latest report by IMARC Group, titled, “Biocides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global biocides market size reached US$ 8.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2027, exhibiting a growth rate (CAGR) of 4.94% during 2022-2027.
Biocides represent anti-microbial chemicals that are used to prevent and control the growth of mold, viruses, bacteria, etc. They are manufactured using metallic compounds, organosulfur compounds, phenols, halogens, etc. Some examples of common biocides include sterilizers, rodenticides, wood preservatives, anti-fouling agents, in-can preservatives, etc. They are also utilized as antiseptics for treating mucous membrane infections and damaged skin and as preservatives in soaps, cleansers, face washes, conditioners, etc. As a result, biocides find extensive applications across several industries, such as food and beverage, wastewater treatment, personal care, paints and coatings, construction, etc.
Biocides Market Trends:
The growing requirement for effective wastewater treatment solutions, along with the escalating demand for clean and potable water, is primarily driving the biocides market across the globe. Moreover, biocides are also gaining traction for inhibiting bacterial and algae contamination in municipal drinking water systems, industrial water treatment systems, pool pipes, etc. Additionally, the rising product adoption for manufacturing cleaning agents is further providing a thrust to the market growth. Besides this, biocides are being increasingly utilized with water-based paints and coatings to prevent fungal or microbial development on painted surfaces. Furthermore, various product innovations, including the development of environment-friendly halogen biocides that do not react with impurities or produce hazardous residues, will also continue to fuel the global biocides market growth over the forecasted period.
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Global Biocides Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Akzo Nobel N.V.
- Albemarle Corporation
- BASF SE
- ChemTreat Inc. (Danaher Corporation)
- Clariant AG
- Dow Inc.
- Finoric LLC
- Lanxess AG
- Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
- Solvay S.A.
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Troy Corporation
- Wuxi Honor Shine Chemical Co. Ltd.
The report has segmented the market on the basis on region, product and application.
Breakup by Product:
- Halogen Compounds
- Metallic Compounds
- Organosulfur Compounds
- Organic Acids
- Phenolics
- Others
Breakup by Application:
- Water Treatment
- Food and Beverage
- Personal Care
- Wood Preservation
- Paints and Coatings
- Construction
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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