Biocides Market | Key players operating in the market include Lonza AG(Bain Capital and Cinven), DuPont (IFF), LANXESS, Ecolab Inc., BASF SE

According to recent market research "Biocides Market by Type (Oxidizing Biocides, Non-Oxidizing Biocides), Application (Water treatment, Personal care, Wood preservation, Paints & coating), and Region (APAC, North America, Europe, MEA, and South America) - Global Trends and Forecasts to 2026", The Biocides market is projected to reach USD 13.6 billion by 2026, at a CAGR of 3.7% from USD 11.3 billion in 2021.

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Biocides are substances used to kill or inhibit all harmful life forms when introduced in sufficient concentration and duration. They are primarily used to kill harmful organisms and control bacterial or fungal growth. These can be categorized into three types- Oxidizing, Non-Oxidizing, and Others. Non- Oxidizing had a larger share in terms of value in 2020 as compared to Oxidizing Biocides and Others.

Household & personal care is the largest application segment of the biocides market. APAC was the largest market for biocides in 2020, in terms of value. Factors such as stringent regulatory environment, need for clean drinking water and need for preservatives will drive the biocides market.

These are chemicals that have the ability to kill microorganisms through the electrochemical process of oxidation. In the oxidation process, the biocide gains an electron from bacteria, and this electron loss destroys the bacteria. Oxidizing biocides are most effective in a system that uses a high volume of water. The major types of oxidizing biocides used for water treatment are chlorine, bromine, iodine, chlorine dioxide, ozone, hydrogen peroxide, sodium chlorite, calcium hypochlorite, sodium hypochlorite, peracetic acids, hypobromous acid, and sodium bromide, among other biocides.

According to industry experts, oxidizing biocides are heavily used in water treatment because of their lower cost than non-oxidizing biocides.

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The biocides market size is estimated to be USD 11.3 billion in 2021 and is expected to reach USD 13.6 billion by 2026, at a CAGR of 3.7% during the forecast period. Factors such as increase in use of microbial protection in end-use and stringent regulatory environment will drive the biocides market. The major restraint for the market will be lengthy and expensive registration process. However, increasing focus of government on consumption of clean water will act as an opportunity for the market.

The key market players profiled in the report include Lonza AG(Bain Capital and Cinven) (Switzerland), DuPont (IFF) (US), LANXESS (Germany), Ecolab Inc.(US), BASF SE (Germany), Kemira OJY (Finland), Solvay(Belgium), Nouryon(Netherlands), Solenis (US), Veolia (France), Thor Industries (US), Sigura Water(US), Italmatch chemicals (Italy), Albemarle Corporation(US), ICL Group (Israel), Accepta Water Treatment(UK), Buckman Laboratories Interanational Inc.(US), B&V Chemicals (UK), Kimberlite Chemicals (Singapore), Kurita Water Industries(Japan), Melzer Chemicals Pvt. Ltd.(India), Momar Inc.(US), Ozone Tech Systems (Sweden), and Chemicrea Inc (China).

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Players in the biocides market are mainly concentrating on mergers & acquisition, agreements, partnership, and expansion to meet the growing demand for biocides for various applications.

The growth of the biocides market has been largely influenced by mergers & acquisitions that were undertaken between 2016 and 2020. LANXESS & DuPont (IFF) has adopted inorganic growth to enhance their market position.

LANXESS and DuPont (IFF) are major players in biocides market. In order to strengthen and expand its geographical reach, the company is focusing on mergers & acquisitions. For instance, In January 2021, LANXESS has acquired a French company Intace SAS as part of their expansion in holding their position as one of the leading manufacturers of biocides. In February 2020, LANXESS has acquired Itibanyl Produtos Especiais Ltda (IPEL). IPEL is based in Brazil and is one of the leaders in biocide manufacturing. With this acquisition, LANXESS is strengthening its position as one of the leading manufacturers of antimicrobial active ingredients and formulations. In December 2020, International Flavors and Fragrances (IFF) and Dupont's Nutrition and Biosciences segment have merged with an expectation of becoming the global leader in the high-value ingredients and solutions for global food & beverage, home & personal care and health & wellness markets.

In March 2021, Veolia water technologies partnered with Riso Scotti, an Italian leader in rice production, to plant a new wastewater treatment plant (WWTP) for its factory in Pavia, Milan. The plant has Veolia patented technologies for the anaerobic and aerobic treatment of wastewater which will allow reaching up to 90% efficiency in the elimination of organic matter.

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