Press release
Global Biocides Market Trends, Growth Drivers & Outlook | Major Companies likes - LANXESS AG, Veolia Group, Arxada AG, Ecolab Inc., Nouryon, General Electric Company
Global Biocide Market size reached US$ 10.8 billion in 2023 and is expected to reach US$ 15.3 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.Biocide Market is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.
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A biocide is a chemical substance or microorganism intended to control or eliminate harmful organisms, such as bacteria, fungi, algae, or insects. Used in a wide range of industries-including healthcare, agriculture, water treatment, and manufacturing-biocides help maintain hygiene, prevent contamination, and extend product shelf life. Their effectiveness and application depend on the specific target organisms and environmental conditions.
Major players in the Biocide market
The prominent players in Biocide market research report are: LANXESS AG, Veolia Group, Arxada AG, Ecolab Inc., Nouryon, General Electric Company, Evonik Industries AG, Solvay SA, Clariant AG, BASF SE.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Biocide Market Key Development
→ On June 29, 2023, Eastern Pacific Shipping (EPS) announced the fleet-wide adoption of XGIT-PROP, a graphene-based propeller coating developed by Graphite Innovation & Technologies.
→ This eco-friendly, biocide-free coating reduces friction, enhances durability, and supports improved Carbon Intensity Indicator (CII) ratings, aligning with EPS's sustainability goals following a successful LPG tanker trial.
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Biocide Market Segments
By Type: Organic, Inorganic
By End-User: Agriculture Sector, Water Treatment Facilities, Chemical Industry, Environmental Protection
The Biocide industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Biocide Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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