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Biocides Market Size by Key Players: AkzoNobel, Albemarle Corporation, Dow Chemical Company, Lonza, Nalco Champion, The Lubrizol Corporation, BASF, BWA Water Additives, Solvay, Cortec Corporation, Clariant, Lanxess, DuPont

Biocides Market

Biocides Market

Phenolic based biocides market may witness growth of over 7% by the end of projected period. They are used to preserve aqueous based metalworking fluids in metalworking industry as they have a broad spectrum of activity against both fungi and bacteria. Increase in demand from food packaging, healthcare industries will propel market demand.

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Food and beverage applications may surpass USD 2.2 billion by 2024. Biocides control the growth and proliferation of microorganisms to enhance hygiene and safety in food & beverage industries. Growth in food processing industries along with favorable regulations regarding the usage of product in order to limit the spread of diseases through food industry will stimulate industry growth.

Personal care applications may exceed USD 1.8 billion by 2024. Biocides are used as preservative in personal care and cosmetics industry as they inhibit the microbiological growth in easily perishable products resulting into enhanced product shelf life and consumer safety.

Biocides market from oil & gas applications may surpass USD 1 billion by 2024. Oil & gas wells and storage zones have certain microorganisms like bacteria that produce hydrogen sulfide which can be explosive and combustible. Strong indicators towards minimizing functional fluids deterioration, corrosion control and growth in oil & gas production rates will boost product demand.

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Biocides Market, By Product
• Metallic Compounds
• Halogen Compounds
• Organic Acids
• Nitrogen
• Organosulfurs
• Phenolic
• Others

Biocides Market, By Application
• Food & Beverage
• Wood Preservation
• Personal Care
• HVAC
• Water Treatment
• Paints & Coatings
• Fuels
• Oil & Gas
• Boilers
• Others

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U.S. biocides market share is estimated to witness gains at over 4% during forecast period due to positive application outlook in food industry. Their usage in food industry is regulated and used as preservative for higher shelf life and preventing quality degradation.

Germany biocides market size should witness significant gains owing to positive outlook in automotive and paints & coating industry. This regional product demand can be attributed to rise in per-capita income and presence of major automotive manufacturing units.

Global biocides market share is concentrated with prominent players including Ashland, Dow Chemicals, BASF, Arch Chemicals, Thor Specialties, LANXESS, Troy Corporation, Albemarle, Akzo Nobel, and Nalco Champion.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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