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Biocides Global Market Analysis, Trends, Growth, Research And Forecast 2033
Biocides Global Market
As per the report, the biocides market size has grown strongly in recent years. It will grow from $12.31 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The biocides market size is expected to see strong growth in the next few years. It will grow to $17.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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Antimicrobial Protection Fuels Growth Across Diverse Industries
An increase in the use of antimicrobial protection in end-use industries propels the growth of the biocide market. Antimicrobial protection refers to a substance that exhibits the capacity to lower or inhibit the levels of microorganisms, including bacteria and mold. The biocides have widespread applications as an antimicrobial, disinfectant, and preservative in the various end-use industries such as agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, and pulp & paper. In hospitals and other health institutions, the use of biocides is essential to avoid and control the spread of infectious diseases. For instance, according to the American Chemistry Council, a US-based industry trade association for American chemical companies, in September 2020, during the COVID-19 pandemic, more than 1,000 disinfectants were registered and deemed by the US EPA (Environmental Protection Agency) to be effective against COVID-19 virus. Therefore, an increase in the use of antimicrobial protection in end-use industries is driving the growth of the biocides market.
Fmc Corporation Launches Entazia, A Next-Generation Biocide For Rice Farmers
Major companies operating in the animal and biocides market are focused on developing innovative products such as ENTAZIA to help rice farmers protect their crops and increase their yields. ENTAZIA is a broad-spectrum biocide that is effective against a wide range of plant diseases, including rice leaf blight. It is also a highly selective biocide, meaning that it is effective against harmful organisms while leaving beneficial organisms unharmed. For instance, in August 2023, FMC Corporation, a US-based chemical manufacturing company, launched its new biocide, ENTAZIA, in India to combat rice leaf blight. ENTAZIA is a new-generation biocide that is based on a unique active ingredient, fluopicolide. It has broad-spectrum activity, high selectivity, systemic action, and low environmental impact. Overall, ENTAZIA is a powerful and effective biocide that can help rice farmers protect their crops and increase their yields.
The biocides market covered in this report is segmented -
1) By Type: Oxidizing Biocides, Non-Oxidizing Biocides
2) By Grade: Food Grade, Pharmaceutical Grade, Industrial or Technical Grade
3) By End User: Agrochemicals, Food and Beverages, Water Treatment, Paints and Coatings, Wood Preservatives, Cleaning Agents, Other End Users
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Major companies operating in the biocides market report are Chem Treat Inc., The Dow Chemical Company, LANXESS AG, Thor Group Limited, BASF SE, Kemira Oyj, Solvay SA, Nouryon Holding B.V., Solenis LLC, Veolia Environnement S.A., Troy Corporation, Sigma-Aldrich Corporation, BWA Water Additives, General Electric Company, Italmatch Chemicals S.p.A., Ecolab Inc., Evonik Industries AG, Clariant AG, Corbion NV, Kemin Industries Inc., Albemarle Corporation, Berkshire Hathaway Inc., Reckitt Benckiser Group plc, GOJO Industries Inc., Henkel AG & Co. KGaA, Unilever N.V., Akzo Nobel NV, Buckman Laboratories International Inc., Hexion Inc., Lonza Group Ltd.
Contents of the report:
1. Executive Summary
2. Biocides Market Report Structure
3. Biocides Market Trends And Strategies
4. Biocides Market - Macro Economic Scenario
5. Biocides Market Size And Growth
…..
27. Biocides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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