Biocides Market Share Research By Applications And Regions From 2017 To 2024 | Top Key Players Solvay, Clariant, LANXESS, Buckman, The Dow Chemical Company, Kemira, Dupont, The Lubrizol Corporation, Nalco Water, An Ecolab Company, Akzonobel

Halogen compounds based biocides market may exceed USD 3.3 billion by 2024. They comprise of fluorine, chlorine, iodine, bromine and astatine. They are effective microbial development control agents and pose less occurrence of resistance. Positive indicators towards drinking water, cooling water systems and surfaces disinfection owing to cost-effective properties over its counterparts will drive biocides market growth.

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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LANXESS’s Preventol DP 1021 may debut in biocides market in Q4 2017, having already generated waves of anticipation prior to its launch. Elaborating further, specialty chemicals firm, LANXESS, plans to introduce a brand-new product to its portfolio of biocidal formulations for microbial control in water systems at the International Water Conference 2017, to be held in Florida. Reportedly, LANXESS’s brainchild, Preventol DP 1021, is a broad-spectrum biocide that has been specifically developed to be used across industrial water systems to control the formation of biofilm. Having created quite a stir in biocides industry already, this product encompasses a synergistic blend of a strong biocidal active and a surface activating biocide, both of which combinedly deliver increased microbial protection in water treatment systems

Industry impact forces

1 Growth drivers

1.1 Growth in water demand in Asia Pacific

1.2 Growth of paints & coating industry in Asia Pacific

1.3 Blooming oil & gas industry in Middle East & Africa

1.4 Rising demand for food & beverage industry in U.S.

2 Industry pitfalls & challenges

2.1 Strict regulatory framework

Preventol DP 1021, as per analysts, is forecast to gain substantial popularity among biocides industry firms, given its effectiveness with regards to microbial control. Speaking of which, protecting water against aerobic and anaerobic bacteria has become the need of the hour as on today, given the mammoth proportion of pollutants and contaminants in water, that has led to massive environmental degradation. Some of the statistics pertaining to water contamination are enlisted below:

Every year, around 1.2 trillion gallons of untreated sewage and industrial wastes are dumped into the water sources of the United States.

Approximately 70% of untreated industrial wastes are dumped into usable water resources in the developing countries.

Over 80% of untreated sewage is discharged into water bodies in the developing nations, severely polluting drinking water supply and coastal areas.

These alarming statistics are evidence enough to testify that water treatment is the most viable application arena for the growth of biocides market, reason being, that these products can be liberally used to eliminate bacteria and pathogens in water bodies in place of disinfectants such as chlorine. Additionally, regional governments and highly authorized bodies have developed stringent norms with regards to controlling water pollution, which is certain to benefit biocides industry growth from water treatment in terms of revenue and volume. In fact, as per the Biocides Directive (98/8/EC), biocidal products are manufactured with an aim to prevent the growth of harmful organisms by biological or chemical processes. Considering the rising number of wastewater plants across the globe, it would be prudent to state that biocides industry will garner rather heavy profits from the waste water treatment sector alone.

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The water treatment sector demands the precise deployment of highly productive biocides, which poses quite a challenge for biocides market players. This demand can be attributed to the growing health concerns arising from pathogens and bacterial growth in drinking water. Furthermore, it is prudent to state that the type of biocides used for the treatment of drinking water and industrial water are marginally different. Metallic biocides for instance, have superior properties that help prevent the formation of algae inside ballast water treatment plants, based on which they are heavily utilized for the disinfection of industrial water systems. In fact, estimates state that metallic biocides industry share is anticipated to register a modest CAGR of around 5% over 2017-2024.

The acute side effects of using metallic biocides for human applications has led to another product gaining prominence in biocides market. Halogen biocides, essentially composed of unreacted bromide and stabilized chlorine, have been used since a long time for disinfecting water systems. The product is renown to effectively prevent microbial growth in water, and is deemed safe for human applications, on account of which they have been massively deployed to disinfect cooling systems and drinking water. What makes them an even more attractive investment prospect in biocides industry is the fact that they are comparatively less expensive and more efficient than their metallic counterparts. In consequence, this has created an extensive demand for these products, impelling halogen biocides industry size, slated to exceed USD 3 billion by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Valtris Specialty Chemicals
3. Albemarle Corporation
4. Lonza
5. Nalco Water, An Ecolab Company
6. The Lubrizol Corporation
7. Baker Hughes, a GE company
8. BASF
9. BWA Water Additives
10. GE Water & Process Technologies
11. Solvay
12. Sigma-Aldrich
13. Thor Group Limited
14. Buckman
15. Cortec Corporation
16. Clariant
17. Troy Corporation
18. The Dow Chemical Company
19. LANXESS
20. Kemira
21. DuPont

A succinct insight into U.S. biocides market

The United States has emerged as one of most opportunistic avenues for biocides industry in the last few years. The massive growth of numerous industry verticals in the region, namely, the O&G, water treatment, paints & coatings, F&B, HVAC, and personal care sectors, has led to a substantially mammoth demand for biocides across the country’s industrial domain. Furthermore, the United States boasts of a rather stringent regulatory landscape sketched by the region’s prominent government authorities, with regards to environmental pollution. In response, water treatment has emerged as a lucrative avenue for the growth of the U.S. biocides industry as well. In fact, as per statistics, U.S. biocides market size is expected to exceed a valuation of USD 5 billion by 2024.

The United States, not to mention, is also the potential hub for novel practices and innovations. Biocides market companies on the U.S. turf have been witnessed expending quite an amount for R&D activities to come up optimal solutions for deploying biocides in the most gilt-edge methodology possible, irrespective of the application arena. Recently for instance, LUX Assure, a UK-based company specializing in delivering management solutions to the O&G vertical, has tested its brainchild, the TraxBio™, on a U.S. onshore facility. Elaborating further, TraxBio, a first in global biocides industry , is a unique technology used for biocide mapping – that is to say, it maps biocidal surfactants in oil systems and through a series of chemical reactions, potentially detects the micelles of the biocide chemical, thereby enabling informed decision-making with regards to how much biocide would need to be used. The trial phase of this technology at the U.S. onshore facility has apparently provided a clear picture of how the chemical traverses through the system. This may eventually lead to this product being commercialized on the U.S. turf, which may have a profound impact on U.S. biocides market share. As per estimates, U.S. biocides industry size, driven by a strict regulatory frame of reference and a mammoth spectrum of applications, may witness a CAGR of 4% over 2017-2024.

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The deployment of biocides across myriad business spheres is slated to increase in the ensuing years, which may help biocides industry carve out a lucrative growth path in the years ahead. Though these products require handlers to be extremely cautious, since they pose quite a risk to human health, their demand is expected to grow substantially in the forthcoming years. In consequence, it has been forecast that global biocides market share will amass a valuation of USD 13 billion by 2024, having recorded a revenue collection of USD 8.5 billion in 2016.

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