Biocides Market to Reach USD 8.54 Billion by 2022 - Evolve Business Intelligence Study Reveals Key Growth Drivers and Market Trends

As per the study initiated by Evolve Business Intelligence, the global Biocides market size accounted for USD 8.54 Billion in 2022, growing at a CAGR of 4.21% from 2023 to 2033. Biocides are chemical or biological agents that can destroy, prevent, or control the growth of harmful organisms such as bacteria, viruses, fungi, and algae. They are commonly used in a wide range of applications, including water treatment, food processing, healthcare, agriculture, and consumer products. Biocides can be classified based on their modes of action, such as oxidizing agents, halogens, and quaternary ammonium compounds. They are designed to be effective against specific organisms while minimizing their impact on the environment and human health.
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Key Highlights:
• The global Biocides Market size was valued at USD 8.54 billion in 2022 growing at a CAGR of 4.21% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Biocides Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Biocides market report also includes the following data points:
• COVID-19 Impact on Biocides market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Biocides Market
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Key Players
Some of the major Biocides players holding high market share include Infosys Ltd, Microsoft Corp, Oracle Corp, Salesforce Inc, and Tencent Holdings Ltd. These players use partnership and collaboration as key strategies to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Troy Corp
• Chemtreat Inc
• Neogen Corp
• Finoric
• Shanghai Zhongxin Yuxiang Chemicals Co. Ltd
• Iro Group Inc
• Hubei Jinghong Chemicals Co. Ltd
• Wuxi Honor Shine Chemical Co. Ltd
• Albemarle Corporation
• Lubrizol
• BASF SE
• Solvay SA
• Lanxess AG
• Lonza
Segmental Analysis
Market Segment By Product with a focus on market share, consumption trend, and growth rate of the Biocides Market:
o Halogen Compounds
o Metallic Compounds
o Organosulfur
o Organic acids
o Quaternary Ammonium Compounds
o Phenolic
o Nitrogen
o Glutaraldehyde
Market Segment By End-user with focus on market share, consumption trend, and growth rate of Biocides Market:
o Water Treatment
o Food and Beverage
o Personal care
o Wood Preservation
o Paints and coatings
o Plastics
o HVAC
o Boilers
o Oil and Gas
o Fuels
o Pulp and Paper
o Cleaning Products
Parameters Details
Market Size (2022) USD 8.54 Billion
CAGR (2023 to 2033) 4.21%
Market Segmentation Product, End-user
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Biocides Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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