Biocides Market to Surge to USD 16.07 Billion by 2030, Fueled by Rising Demand in Water Treatment and Paints

The Biocides market is expected to reach US$ 16.07 Bn. in 2030 from US$ 12.30 Bn. in 2023, with a CAGR of 3.9% for the period 2024-2030. The boom is principally due to the increasing demand of biocides in application such as water treatment, paints & coatings etc.

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What are the Factors Driving the Market Growth and the Opportunities?

The increasing threat of shortage of clean and potable water has immensely boosted the sales of biocides for water treatment. In both industries and municipalities, biocides are indispensable for controlling viable microorganisms and protecting water quality [9]. Furthermore, biocides have been increasingly used in the paints and coatings industry to prolong the lifespan of products and safeguard them from attack by microorganisms. That trend towards environmentally friendly and efficient powder coatings has only expanded the biocide market in this particular segment of the coatings industry.

Modern technology has also opened doors for new markets of expansion. Novel biocide formulations with better effectiveness and environmental acceptability have expanded the spectrum of action. As biocides need to comply with growing strict legal criteria, industries are now pouring nonprofit money into developing différé biocides that better satisfy regulations, with improved performance.

Segmentation Analysis

Request Sample: Biocides Market by Type (Bactericide, Fungicide, Algaecide, Others), Application (Pulp & Paper, Water Treatment (Municipal, Industrial, Others), Wood Preservation, Coatings, Plastic, And Others), & Region - Global Forecasts to 2022 The biocides market has been segmented on the basis of type, application, and region.

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Type Segmentation:

Halogen-based Biocides: Halogen based biocides tend to dominate the market accounting for 26% based market share in 2020, the strongest disinfectant generators. They are used widely in water treatment, paints & coatings, and pulp & paper industries to control the growth of microbes.

Metallic Compounds: Additive-based metallic biocides, such as silver and copper, are known for their antimicrobial properties. They find usages in medical devices, textiles, and water treatment systems as well.

However, the organic acid biocides are the most popular one used for their preservative qualities mainly in the food & beverage industries and personal care products for low acid foods in the market (Conner et al.

Sulphones & phenol-based biocides: Being used in the industrial sector for diverse applications such as oil & gas and healthcare applications because of their broad-spectrum antimicrobial activities.

Application Segmentation:

Water Treatment: One of the largest segments of the biocides market over 30% of total consumption, biocides are required to keep the water free from microbial contamination in industrial cooling systems, municipal water treatment plants and swimming pools.

Paints & Coatings: Biocides are added to inhibit the growth of microorganisms which can affect the quality and aesthetics of paints and coatings and thus help to prolong their service life.

Wood Preservation: Biocides play a vital role as preservatives in wood preservation, offering protection against decay and insect attacks which provide some longevity to wooden structures.

Personal Care -In shampoos and lotions and other cosmetic products, biocides prevent microbial contamination of these products, thereby ensuring that they remain safe and effective for use over a certain period of time.

F&B: Biocides are used for cleaning and sanitizing the equipment and surfaces used in food production to ensure hygiene and compliance with food safety standards.

Regional Analysis

United States:

The United States accounts for a large portion of the biocides market in North America. Great environmental norms along with the growing need of efficient water treatment solution have in turn driven up the demand of biocide in the country. This trend has led to solid development of this industry, and indirectly paints & coatings industry owing to the simultaneous growth of construction & automotive sector.

Germany:

Germany being a crucial part of European market has been one of the largest consumers of biocides primarily due to malodors and their applications in water treatment and wood preservation. Romania: Romania has initiated the process of transitioning to eco-friendly biocide solutions due to its focus on environmental sustainability and strict regulatory frameworks.

China:

The industrialization and urbanization of China have exemplified the demand for water treatment systems, thereby supporting growth in the biocides market. The growth of the construction sector has further increased the use of paints & coatings in the construction industry, which require biocides for product preservation.

India:

The increase in population and growing industries of India has raised the alarm for the quality of water at reutilisation area and quick fortunes the use of biocides for water treatment. Additionally, the expansion of paints & coatings industry due to urban infrastructure development also enhances the growth of the BYK instruments market.

Brazil:

The application for biocides in Brazil is mainly associated with water treatment and wood protection in civil construction. Considering the large water resources which need effective microbial control in the country the biocides market has a positive outlook.

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Competitor Analysis

Abstract : The global biocides market is characterized by the presence of numerous key players focusing on innovation, strategic partnerships and mergers & acquisitions to strengthen their market position.

BASF SE:

BASF SE - A Leading Global Chemical Company BASF SE is one of the largest chemical producer and has a wide range of biocides for water treatment, paints & coating as well as personal care. Combining sustainability with innovation simplifies growth in the market for the company.

Kemira Oyj:

With a strong focus on water-intensive industries Kemira offers application-specific biocide solutions for water treatment and pulp & paper industries. Through heavy research and development, they have developed and launched cost-effective and eco-friendly biocides.

Solvay S.A.:

Solvay Solvay group offers biocides for O&G, industrial water treatment and paints & coatings applications. List pointsULD Biocides is primarily focused on the strategic efforts of the company towards expansion of their biocide product lines to meet the changing needs of the industry.

Ecolab Inc.:

Ecolab offers integrated water treatment solutions that include biocides to help ensure microbial control. Their offerings cater to healthcare, food & beverage, and industrial sectors, promoting sustainability and operational efficiencies.

Nouryon:

Nouryon manufactures the essential chemical compounds-including biocides-that had been a unit of AkzoNobel.

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