Rising Demand for Treated Water for Both Industrial and Domestic Usage from Various Applications will be expected to drive the Biocides Market

Biocides Market was valued at US$ 15,129.6 Mn in 2020, and expected to grow at 1.9% CAGR over the forecast period 2021-2027 and is expected to reach US$ 17,131.0 Mn by 2027 owing to increase in demand for biocides in the various industrial applications such as water treatment, paints & coatings, personal care. However, stringent regulations for the approval of Biocidal products, increasing regulatory costs, environmental issues and health hazards are the major factors that hinders the growth of the market.

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Biocides Market Overview:
Biocides are microorganisms, which prevent injuries caused by organisms. They are chemicals fight with pests and microbes. They protect human beings, animals, industrial products and consumer goods. Biocides and plant protection products consist of similar active ingredients. Only the difference is biocides are used in a number of application areas whereas, plant protection products are used only in agriculture segment. High resonance with solvents, high cleansing action and nontoxic nature are some great characteristics of biocide and with solvents makes it compatible for various end industries. Biocides are generally used to kill unwanted organisms like algae, insects, mold, rodents and bacteria. Biocides represent different products like wood preservatives, antifouling agents and disinfectants used in houses, industries and hospitals.

Biocides Market Dynamics:
Increasing bacterial and viral infection and growing demand for fast acting and high-performance solutions will drive the biocides market growth. Biocides are not only utilized to clean iron, stainless steel and Teflon made utensils but also utilized to reduce food related contaminated illnesses and prevent cross contagion, hence makes sure utmost food safety standard. Biocides are hugely used in manufacturing personal products because of its exciting features. It is also utilized as preservative and antimicrobial agent in manufacturing face wash, cleansing conditioners and soaps. Customers always look for best quality components, which cleanse and sanitize the properties for preventing themselves from skin infections which consequently impel the market growth. Biocide Product Regulation, European Union, standardizes the concentration of biocides in application like general industry, food, agriculture and cosmetics. The rules are made for the protection of materials, animals and humans from continuing effects of active materials of biocides. The regulation made also aids greatly to key players in manufacturing best quality products under strict quality checks, which is going to drive the biocides market growth.

Biocides Market Segmentation

By End-Use Industry
• Food & Beverages
• Agriculture
• Pharmaceutical
• Construction
• Paints & Coatings
• Personal Care
• Home Care

By Type
• Sulphones
• Phenol-Based Biocides
• Halogen-Based Biocides
• Metallic Compounds
• Organic Acids
• Others

By Region
• North America
o Canada
o U.S.
o Mexico

• Asia-Pacific
o South Korea
o Australia
o China
o India
o Japan

o Rest of Asia-Pacific
• Europe
o France
o Italy
o Spain
o UK
o Germany

• LAMEA
o Saudi Arabia
o Brazil
o South Africa
o Rest of LAMEA

Asia Pacific region recorded a huge market share during the period 2015-2020. An increasing end-user industry is the main factor booming the market growth. North America comes at second place followed by Asia Pacific to cover the huge market size of biocides due to the growing demand from water treatment sector together with the increasing demand from reviving construction industry is impelling the biocides market in North America. Water treatment sector drives the biocides market in North America and Europe too. A few other market driving factors in the regions are increasing demand for preservatives from beverage sector, food sector, paint and coatings. Biocides market is anticipated to grow more due to the increasing construction industry.

Competitive Analysis:
Competitive analysis provides competitor wise details such as new market proposals, profits made production sites, product launch, technology lifeline curve, application dominance, company financials, new market initiatives, production facilities, company product trials , global presence, investment in both research and development, patents, product width and breadth and company strengths and weaknesses.

Now let us have a look at a few prominent key players operating in the global biocides market.
• Akzo Nobel N.V
• Clariant, Cortec Corporation
• BASF SE
• Dow
• The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway)
• Kemira
• Lonza, Baker Hughes,
• Valtris Specialty Chemicals
• Thor
• BWA WATER ADDITIVES,
• LANXESS, Albemarle Corporation,
• Dalian Xingyuan Chemistry CO Ltd
• Ecolab

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