Biocides Market 2032 By Applications, Types And Top Key Players- BASF SE, Akzonobel N.V., Dow, Arxada, Kemira, LANXESS

The global biocides market, valued at USD 11.05 billion in 2022, is set to experience robust growth, with a projected revenue CAGR of 4.2% during the forecast period. A Emergen research report highlights the key drivers, restraints, and segment insights shaping this trajectory.

Drivers of Growth:
The increasing emphasis on antimicrobial protection across various industries is a primary factor propelling market expansion. Biocides find widespread application in industries such as power, mining, chemical plants, and more, particularly in cooling tower maintenance where microbial growth poses operational challenges.

Moreover, the escalating expenditure on personal grooming, buoyed by rising disposable incomes, is fostering demand for biocide-infused products. Notably, regions like China are witnessing an unprecedented surge in the cosmetics market, further fueling market growth.

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Market Restraints:
However, the market faces obstacles such as the lengthy and expensive registration processes, especially stringent in regions like Europe. Regulatory frameworks like the Biocidal Products Regulation (BPR) aim to ensure high levels of protection for humans, animals, and the environment, necessitating thorough approval processes before product launch.

Segment Insights:

Biocides Type:
• Organic acids emerge as the leading segment, driven by their extensive use in the food industry. Lactic Acid (LA), for instance, is a naturally occurring organic acid gaining traction for its efficacy and safety in disinfection applications.

• Ready-to-use disinfecting wipes, formulated with organic acids, witness rising adoption across domestic, food, and healthcare sectors.

Biocides Product:
• The preservatives segment is poised for rapid growth, propelled by increasing disposable incomes and consumer preference for quality products. Cosmetic biocides, such as triacetin and Resorcinol, are witnessing heightened demand in personal care applications.

Biocides Application:
• Water treatment emerges as a significant revenue contributor, with biocides extensively used in drinking water and wastewater treatment. These chemicals play a crucial role in disinfection processes across municipal water treatment, oil & gas, power plants, pulp & paper, and other industries.

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Biocides Top Companies and Competitive Landscape

The global biocides market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective biocides products in the market.

Some of the major companies included in the global biocides market report are:
• BASF SE
• Akzonobel N.V.
• Dow
• Arxada
• Kemira
• LANXESS
• THOR
• Solvay
• CLARIANT
• The Lubrizol Corporation
• Tintometer GmbH
• Symbios Technologies
• Graphite Innovation and Technologies Ltd. (GIT)
• NADETECH INNOVATIONS S.L.
• Scotmas Group

Biocides Latest Industry News

• On 1 July 2022, LANXESS AG acquired the microbial control business unit of a U.S.-based group named International Flavours & Fragrances Inc. This acquisition will help LANXEDD AG to strengthen their biocidal active substances portfolio and microbial control business.

• On 12 January 2022, Veolia Group acquired Suez, which specializes in water and waste management. This acquisition allows Veolia group to increase its growth in terms of biocides market and company revenue.

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Biocides Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global biocides market on the basis of type, product, application and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Oxidizing Biocides
o Non-Oxidizing Biocides
o Metallic Compounds
o Organic Acids
o Halogen Compounds
o Phenolic Biocides
o Organosulfur Compounds
o Others

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Pest Control
o Preservatives
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Water Treatment
1. Municipal Water Treatment
2. Oil & Gas (O&G)
3. Power Plants
4. Pulp & Paper
5. Other Water Treatment
o Personal Care
o Wood Preservation
o Paints and Coatings
o Food & Beverage (F&B)

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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Outlook:
The global biocides market is on an upward trajectory, driven by the diverse applications and increasing awareness of hygiene and health. Despite regulatory challenges, the market is poised for steady expansion, particularly in key sectors like personal care and water treatment.

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