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Evolving Market Trends In The Biocides Industry: FMC Corporation Launches ENTAZIA, A Next-Generation Biocide For Rice Farmers
Biocides
What Is the Expected Biocides Market Size During the Forecast Period?
The market size of biocides has experienced substantial growth in recent years. Predictions indicate it will increase from $12.99 billion in 2024 to a worth of $13.75 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The surge observed in the historical period can be credited to factors such as a growing population, urban development, the expansion of the healthcare sector, enhanced consciousness about cleanliness, increasing worry over water quality, strict regulations regarding preservatives, and preventive action in agriculture.
The biocides market is anticipated to experience substantial growth in the coming years, expanding to a value of $18.95 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This anticipated growth for the forecast period is due to several contributing factors such as the development of bio-based biocides, a surge in oil and gas exploration initiatives, high demand for wood preservation, enhanced consumer awareness, a focus on antimicrobial textiles, and an uptick in personal care products. Key trends for the forecast period comprise of heightened utilization in water treatment, advancements in microbial control, implementation of biosecurity precautions in the agricultural sector, a rise in demand for antifouling solutions, as well as the emergence of innovative biocide delivery technologies.
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What Are the High-Growth Segments in the Biocides Market?
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
Subsegments:
1) By Oxidizing Biocides: Chlorine Compounds, Bromine Compounds, Hydrogen Peroxide, Ozone
2) By Non-Oxidizing Biocides: Quaternary Ammonium Compounds (Quats), Phenolic Compounds, Isothiazolinones, Alcohols, Others (Carbamates, Glycols)
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What Key Drivers Are Expected to Influence Future Biocides Market Growth?
The biocide market is witnessing growth driven by an upsurge in the deployment of antimicrobial protection in end-user sectors. Antimicrobial protection, a substance with the potential to minimize or hinder microbial levels, such as mold and bacteria, is increasingly being used. Wide-ranging uses of biocides as disinfectants, antimicrobials, and preservatives can be seen in various end-user industries, including agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, and pulp & paper. Biocide usage is crucial in healthcare centres and hospitals to keep infectious diseases at bay and manage their spread. For example, in March 2024, the Food & Drug Administration (FDA) revealed its plan to propose cooperative agreements valuing to three prizes of $600,000 for the fiscal year (FY) 2024, and up to five awards of $1,000,000 for FY 2025. This financial proposal is among FDA's ongoing strategies to accumulate information on the use of antimicrobials in animals. As such, the mounting use of antimicrobial protection in end-use industries is fueling the expansion of the biocides market.
Which Companies Hold the Largest Share Across Different Biocides Market Segments?
Major companies operating in the biocides market 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, 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.
What Trends Are Driving Growth in The Biocides Market?
Major business entities functioning within the animal and biocides market are paying attention to the development of ground-breaking products like ENTAZIA to support rice farmers in safeguarding their crops and enhancing yield. ENTAZIA is an all-inclusive biocide efficient against a multitude of plant diseases, inclusive of rice leaf blight. It also has a highly targeted action, meaning it is proficient against detrimental organisms while not hampering beneficial organisms. To illustrate, in August 2023, FMC Corporation, a chemical manufacturing firm based in the US, introduced its innovative biocide, ENTAZIA, to the Indian market to fight against rice leaf blight. ENTAZIA is a novel generation biocide, employing a unique active ingredient, fluopicolide. It possesses a broad-spectrum activity, high specificity, systemic action, along with minimal environmental repercussions. In essence, ENTAZIA is a potent and efficient biocide that could provide assistance to rice farmers in safeguarding their crops and in yield improvement.
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What Are the Emerging Geographies for The Biocides Market Growth?
Asia-Pacific was the largest region in the biocides market in 2024. The regions covered in the biocides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biocides Market?
2. What is the CAGR expected in the Biocides Market?
3. What Are the Key Innovations Transforming the Biocides Industry?
4. Which Region Is Leading the Biocides Market?
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