Global Biocide Market Size to exceed USD 13.76 billion by 2025

The global biocide market size was valued USD 9.16 billion in 2017 and estimated to be worth USD 13.76 billion by the end of 2025 with registering itself at a compound annual growth rate (CAGR) of 5.3% over the forecast period. Due to the increasing demand for the product in applications such as water treatment, paints & coatings and food & beverages among others. Rising need for extensive water treatment processes to address the growing demand for clean water globally, is the primary key factor attributing to the growth of the global biocide market.

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By type, phenolic compounds is projected to contribute to over 13% of the global biocide market revenues by 2025. This can be attributed to the requirement of microbial protection for a wide number of applications including pulp, paper, paints, adhesives, water treatment and metalworking fluids. Furthermore, the use of phenolic as a disinfectant in hospitals, nursing homes, households, farms, laundries, and food processing plants will majorly drive the demand of this segment in the coming years.

By application, paints & coatings is projected to be the second fastest growing application in the global biocide market with a valuation of approximately USD 1.54 billion by 2025. The antimicrobial, antifungal and antibacterial properties of biocides (that help in restricting growth of unwanted fungus and bacteria) have escalated its demand in paints & coatings. The increasing construction activities in emerging countries has resulted in elevating the demand for paints and coatings, thereby acting as an aid in the growth of global biocide market.

Geographically, Asia Pacific is anticipated to grow at a CAGR of 6% during the forecast period. Increasing investments in infrastructure and manufacturing in the region are expected to offer huge growth opportunities to the regional biocide market growth. China and India are projected to emerge as the key driving countries during the forecast period.

Furthermore, the rising need for safe packaged food serves as a driving factor for the food and beverage industry, thereby, driving the global biocide market growth. Increasing government investments for waste water treatment across the region has further aggravated the demand of biocides. For instance, India's wastewater infrastructure capital expenditure is projected to increase by 83% over the next five years. This is to present immense lucrative opportunities for biocide manufacturers.

The competitive landscape of the global biocide market is fragmented with a large number of players with global and regional presence. The key players in the global biocide market report include AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals Inc., Nalco Champion and Arch Chemicals Inc. among others.

Key segments of the global biocide market

Type Overview, 2015-2025 (USD Million)
• Phenol
• Organosulfurs
• Nitrogen
• Organic Acids
• Halogen Compounds
• Metallic Compounds
• Others

Application Overview, 2015-2025 (USD Million)
• Oil & Gas
• Water Treatment
• Paints & coatings
• Food & Beverages
• HVAC
• Personal Care
• Fuels
• Boilers
• Others

Regional Overview, 2015-2025 (USD Million)
• North America
o U.S.
o Canada
o Mexico

• Europe
o France
o Germany
o UK
o Spain
o Italy
o Rest of Europe

• Asia Pacific
o India
o Japan
o China
o Rest of APAC

• Rest of the World

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