Biocides Market- Global Industry Analysis and Forecast (2023-2029)

Biocides market is expected to reach US$ 15.48 Bn. in 2029 from US$ 11.84 Bn. in 2022, with a CAGR of 3.9% for the period 2023-2029.

Biocides Market introduction:

Biocides are chemicals are used to kill pests or microbes. Mold, bacteria, algae, insects, and rodents are commonly utilized to manage and kill hazardous and undesired species. Rodenticides, wood preservatives, disinfectants, in-can preservatives, antifouling agents (on boats), 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. Apart from regulatory pressures to reduce the number of biocides used in end products based on their concentrations, blends of carefully selected biocides active substances in optimal ratios, combined with new technological advancements, can provide enhanced preservation solutions without the need for cautionary labeling.Biocides MarketTo know about the Research Methodology :- Request Free Sample Report

Biocides Market Dynamics:

Increasing Adoption of Powder Coatings: The paints and coatings sector, which has been in turmoil due to the presence of lead in paints, has increased its capabilities with the introduction of powder coatings. With a growing novel front, the scope of biocide's application in the paints and coatings sector has been expanded even further. Powder Coatings Market is a major growth driver for biocides market demand, with a global CAGR of 6.10 percent projected through 2025. This category is a big trend that is positively impacting the market, with automotive OEMs shifting to powder form of coatings due to economic and labour efficiency. Abundant Adhesives and Sealants in Modern Infrastructures and Lightweight Automotive: Because of their flexibility and lightweight qualities, moulded glass and polymers are used in modern constructions with complicated designs. In intricately built infrastructures fitted out with glass and polymers, this has increased the need of adhesives and sealants that are more susceptible to microbial attack. Thus, the construction industry's growing need for adhesives and sealants is pushing the use of along preservatives and dry film fungicides, favourably impacting the biocides market size. Likewise, the lightweight automobile trend has led automakers to use polymers in the production of vehicles. Adhesives and sealants are widely used by companies in the electric vehicle (EV) market, as glass and plastic add aesthetic feasibility and flexibility to automobile design.Biocides Market

Biocides Market Segmentation:

Based on the Type: The Biocides market is further segmented into Metallic Compounds, Halogen-Based Biocides, Organic Acids, Sulphones, Phenol-Based Biocides, and Others. The halogen compounds segment held the largest market share of around 26% of the global market in 2020. The halogen compounds segment is expected to rise by 3.6 percent Y-o-Y in 2022. Halogen compound biocides are the most popular choice among end-users, as the disinfectants. The halogen compounds are utilized in a variety of sectors, including paints & coatings, pulp & paper, and water treatment. The biocides market is growing because of significant growth in water treatment and surface cleaning applications around the globe. Because halogen-based compounds are commonly utilized to inhibit the growth of bacteria and pathogens in fresh water, they are increasingly used in industrial, institutional, and commercial cleaning. Following halogen compounds, metallic compounds and organosulfur emerged as important type segment. Copper and silver, as well as other heavy metals, are frequently used. Due to the high toxicity to bacteria and other microbes, copper is thought to be more efficient. In water treatment plants, copper sulfate-based biocide formulations are commonly active to inhibit algae development. In terms of End-use Industry: The Biocides market is further segmented into Food & Beverages, Construction, Agriculture, Pharmaceutical, Personal Care, Water Treatment, Paints & Coatings, Home Care, and Others. In 2022, the paints and coatings application segment had the highest market share of 27.5 percent, and this is expected to continue during the forecast period (2023-2029). Along with their exposure to bulk handling and storage systems, paints and coatings are especially sensitive to aqueous and airborne microbiological contamination. Dry-film preservation, microbiological growth inhibition, as well as in preservation are all advantages of using biocides in paints and coatings. It also aids in the prevention of fungus growth after the film has developed and the paint has dried. Thus, using the substance in paints and varnishes to prevent deterioration has become a necessary for producers. Biocides are used in a variety of applications, including cooling water systems, pulp and paper mills, pools and spas, municipal drinking water systems, and industrial water treatment systems, to prevent antifouling and bacterial or algal contamination in water systems. Because of its high organic content, which promotes bacterial/algal growth, wastewater is extremely vulnerable to bacterial growth and contamination. So, the use of these plants has become a critical component in producing clean and pure water. Because of the mass manufacture of products like sanitizers, surface disinfectants, and sterilants to combat the coronavirus and meet their increased demand, the cleaning products application category is expected to grow significantly in the coming years. For example, Clorox, one of the biggest disinfectant producers in the United States, produced 40 million more items in the Q1 of 2022 than it did in the Q1 of 2010. In addition, Dow Inc. switched output in five of its sites to produce 200 tonnes of sanitizers weekly. This indicates that the product has a lot of potential in cleaning applications. In the future, demand for bio-based or natural biocides is expected to rise.

Biocides Market Regional Insights:

The biocides market in the US expanded by 3.7 percent Y-o-Y in 2022, reached a market worth of US$ 2.89 billion in 2022. The rising use of halogen compounds in paints and coatings, as well as the pulp and paper sectors, is attributed to the country's growth. According to MMR research, the demand for halogen compounds in North America would reach US$ 4 billion by the end of 2022. Thus, biocides' use in paints and coatings, wood preservatives, oil & gas, and paper and pulp industries is boost market growth in the U.S. China is considered to be a major producer and consumer of biocides in 2022, accounting for 73 percent of the East Asian biocides market. The need for biocides in the country has increased due to the country's strong industrial expansion. In addition, the presence of important end consumers in the country aids market expansion. The usage of biocides is expanding due to significant advancements in end-use sectors such as water treatment, paints and coatings, paper and pulp, disinfection, agrochemicals, and others. During the forecast period, China is expected to grow at a stable 4.3 percent CAGR. The objective of the report is to present a comprehensive analysis of the global Biocides market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Biocides dynamics, structure by analyzing the market segments and projecting the Biocides size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Biocides market make the report investor’s guide.

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Biocides Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 11.84 Bn.
Forecast Period 2023 to 2029 CAGR: 3.9% Market Size in 2029: US $ 15.48 Bn.
Segments Covered: by Type Metallic Compounds Halogen-Based Biocides Organic Acids Sulphones Phenol-Based Biocides Others
by End-Use Industry Food & Beverages Construction Agriculture Pharmaceutical Personal Care Water Treatment Paints & Coatings Home Care Others
by Application Water Treatment Municipal Water Treatment Oil & Gas Power Plants Pulp & Paper Swimming pools Mining Other Water Treatment Household, Industrial & Institutional Cleaning and Home Care Paints & Coatings Wood Preservatives Others

Biocides Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Biocides Market Key Players are:

1. Bayer Material Science 2. BASF SE 3. Berkshire Hathaway 4. Clariant Ag 5. Corbion N.V. 6. DUPONT 7. Kemin Industries, Inc. 8. Kerry 9. Lanxess Ag 10.Lonza Group Ag 11.Nouryon 12.Solvay Sa 13.Thor Group Limited 14.Ecolab Inc. 15.Solenis 16.Veolia 17.Sigura Water 18.Italmatch chemicals 19.Albemarle Corporation 20.ICL Group 21.Accepta Water Treatment 22.Buckman Laboratories Interanational Inc. 23.B&V Chemicals 24.Kimberlite Chemicals 25.Kurita Water Industries 26.Melzer Chemicals Pvt. Ltd. 27.Momar Inc. 28.Ozone Tech Systems 29.Chemicrea Inc Frequently Asked Questions: 1. Which region has the largest share in Biocides Market? Ans: The Asia Pacific held the largest share in 2022. 2. What is the growth rate of the Biocides Market? Ans: The Biocides Market is growing at a CAGR of 3.9% during the forecasting period 2023-2029. 3. What segments are covered in the Biocides market? Ans: Biocides Market is segmented into Type, End-use Industry, and Region. 4. Who are the key players in the Biocides market? Ans: The important key players in the Biocides Market are – Bayer Material Science, BASF SE, Berkshire Hathaway, Clariant Ag, Corbion N.V., DUPONT, Kemin Industries, Inc., Kerry, Lanxess Ag, Lonza Group Ag, Nouryon, Solvay Sa, Thor Group Limited, Ecolab Inc., Solenis, Veolia, Sigura Water, Italmatch chemicals, Albemarle Corporation, ICL Group, Accepta Water Treatment, Buckman Laboratories Interanational Inc., B&V Chemicals, Kimberlite Chemicals, Kurita Water Industries, Pelzer Chemicals Pvt. Ltd., Momar Inc., Ozone Tech Systems, and Chemicrea Inc. 5. What is the study period of this market? Ans: The Biocides Market is studied from 2022 to 2029.
1. Global Biocides Market: Research Methodology 2. Global Biocides Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Biocides Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Biocides Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Biocides Market Segmentation 4.1 Global Biocides Market, by Type (2022-2029) • Metallic Compounds • Halogen-Based Biocides • Organic Acids • Sulphones • Phenol-Based Biocides • Others 4.2 Global Biocides Market, by End-Use Industry (2022-2029) • Food & Beverages • Construction • Agriculture • Pharmaceutical • Personal Care • Water Treatment • Paints & Coatings • Home Care • Others 4.3 Global Biocides Market, by Application (2022-2029) • Water Treatment    o  Municipal Water Treatment    o   Oil & Gas    o   Power Plants    o   Pulp & Paper    o   Swimming pools    o   Mining    o   Other Water Treatment • Household, Industrial & Institutional Cleaning and Home Care • Paints & Coatings • Wood Preservatives • Others 5. North America Biocides Market(2022-2029) 5.1 North America Biocides Market, by Type (2022-2029) • Metallic Compounds • Halogen-Based Biocides • Organic Acids • Sulphones • Phenol-Based Biocides • Others 5.2 North America Biocides Market, by End-Use Industry (2022-2029) • Food & Beverages • Construction • Agriculture • Pharmaceutical • Personal Care • Water Treatment • Paints & Coatings • Home Care • Others 5.3 North America Biocides Market, by Application (2022-2029) • Water Treatment    o  Municipal Water Treatment    o   Oil & Gas    o   Power Plants    o   Pulp & Paper    o   Swimming pools    o   Mining    o   Other Water Treatment • Household, Industrial & Institutional Cleaning and Home Care • Paints & Coatings • Wood Preservatives • Others 5.4 North America Biocides Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Biocides Market (2022-2029) 6.1. European Biocides Market, by Type (2022-2029) 6.2. European Biocides Market, by End-Use Industry (2022-2029) 6.3. European Biocides Market, by Application (2022-2029) 6.4. European Biocides Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Biocides Market (2022-2029) 7.1. Asia Pacific Biocides Market, by Type (2022-2029) 7.2. Asia Pacific Biocides Market, by End-Use Industry (2022-2029) 7.3. Asia Pacific Biocides Market, by Application (2022-2029) 7.4. Asia Pacific Biocides Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Biocides Market (2022-2029) 8.1 Middle East and Africa Biocides Market, by Type (2022-2029) 8.2. Middle East and Africa Biocides Market, by End-Use Industry (2022-2029) 8.3. Middle East and Africa Biocides Market, by Application (2022-2029) 8.4. Middle East and Africa Biocides Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Biocides Market (2022-2029) 9.1. South America Biocides Market, by Type (2022-2029) 9.2. South America Biocides Market, by End-Use Industry (2022-2029) 9.3. South America Biocides Market, by Application (2022-2029) 9.4 South America Biocides Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Bayer Material Science 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 BASF SE 10.3 Berkshire Hathaway 10.4 Clariant Ag 10.5 Corbion N.V. 10.6 DUPONT 10.7 Kemin Industries, Inc. 10.8 Kerry 10.9 Lanxess Ag 10.10 Lonza Group Ag 10.11 Nouryon 10.12 Solvay Sa 10.13 Thor Group Limited 10.14 Ecolab Inc. 10.15 Solenis 10.16 Veolia 10.17 Sigura Water 10.18 Italmatch chemicals 10.19 Albemarle Corporation 10.20 ICL Group 10.21 Accepta Water Treatment 10.22 Buckman Laboratories Interanational Inc. 10.23 B&V Chemicals 10.24 Kimberlite Chemicals 10.25 Kurita Water Industries 10.26 Melzer Chemicals Pvt. Ltd. 10.27 Momar Inc. 10.28 Ozone Tech Systems 10.29 Chemicrea Inc