Press release
Biocides Market representing a robust CAGR of 3.9% during the forecast period from 2023 to 2029 reaching value of US$ 15.48 billion by 2029
Biocides Market
The comprehensive report, crafted by Maximize Market Research Pvt Ltd based in Pune, delves into the Biocides market's intricate landscape. It provides insights into market dynamics, key segments, and regional trends shaping the industry's trajectory. Through rigorous research methodologies, the report offers valuable perspectives to industry stakeholders, facilitating informed decision-making.
The report leverages a blend of primary and secondary research methodologies to gather pertinent data and insights into the Biocides market. Through meticulous analysis, it presents a detailed examination of market drivers, challenges, opportunities, and competitive dynamics.
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Biocides Market Dynamics:
The transition from traditional paints to powder coatings has catalyzed growth in the Biocides market. With powder coatings gaining traction across various industries, including automotive and construction, the demand for biocides as additives to inhibit microbial growth in coatings has surged. This trend is projected to propel market growth significantly, with a global CAGR of 6.10% anticipated through 2025.
The proliferation of modern infrastructures and lightweight automotive components constructed from polymers and moulded glass has heightened the need for adhesives and sealants. However, these materials are susceptible to microbial degradation, necessitating the use of biocides for preservation. Consequently, the construction and automotive industries are driving the demand for biocides, particularly dry film fungicides and preservatives, thereby augmenting market growth.
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Biocides Market Regional Insights:
The Biocides market in North America experienced steady growth, with the United States emerging as a significant contributor. The region's growth is attributed to the widespread adoption of halogen compounds in paints, coatings, pulp & paper, and water treatment industries. The robust industrial infrastructure and regulatory initiatives aimed at ensuring product safety and efficacy further bolster market expansion.
Asia Pacific, particularly China, stands as a major hub for biocides production and consumption. The region's strong industrial growth and expanding end-use sectors drive the demand for biocides across various applications. China, with its significant investments in industrial expansion and infrastructure development, presents lucrative opportunities for market players. Additionally, advancements in water treatment, paints & coatings, and agrochemical industries contribute to market growth in the region.
Biocides Market Segmentation:
The Biocides market exhibits a multifaceted landscape, segmented based on type and end-use industry, reflecting varied applications and requirements. In terms of type, the market is segmented into Metallic Compounds, Halogen-Based Biocides, Organic Acids, Sulphones, Phenol-Based Biocides, and Others. Among these, halogen compounds dominate the market, owing to their widespread use in disinfection across sectors such as paints & coatings, pulp & paper, and water treatment. Additionally, the market is segmented by end-use industry, including Food & Beverages, Construction, Agriculture, Pharmaceutical, Personal Care, Water Treatment, Paints & Coatings, Home Care, and Others, each representing distinct application areas driving the demand for biocides.
The Biocides market segmentation reflects the diverse applications and requirements across industries. The dominance of halogen compounds underscores their efficacy in microbial control and preservation applications, driving their widespread adoption in key sectors. Furthermore, the segmentation by end-use industry highlights the critical role of biocides in ensuring product safety, hygiene, and quality across various applications, ranging from food preservation to water treatment.
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Biocides Market Key Players:
1. Bayer Material Science
2. BASF SE
3. Berkshire Hathaway
4. Clariant Ag
5. Corbion N.V.
6. DUPONT
7. Kemin Industries, Inc.
8. Kerry
9. Lanxess Ag
10.Lonza Group Ag
11.Nouryon
12.Solvay Sa
13.Thor Group Limited
14.Ecolab Inc.
15.Solenis
16.Veolia
17.Sigura Water
18.Italmatch chemicals
19.Albemarle Corporation
20.ICL Group
21.Accepta Water Treatment
22.Buckman Laboratories Interanational Inc.
23.B&V Chemicals
24.Kimberlite Chemicals
25.Kurita Water Industries
26.Melzer Chemicals Pvt. Ltd.
27.Momar Inc.
28.Ozone Tech Systems
29.Chemicrea Inc
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Table of content for the Biocides Market includes:
1.Global Biocides Market: Research Methodology
2.Global Biocides Market: Executive Summary
• Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Biocides Market: Competitive Analysis
• MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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About Maximize Market Research:
Maximize Market Research is a multidisciplinary market research and consulting company staffed by professionals from various industries. Its coverage spans medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automation systems. The company provides industry-verified market estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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