Press release
Steady Expansion Forecast for Biocides Market, Projected to Reach $18.95 Billion by 2029
Biocides Market Analysis
Biocides Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the biocides market has seen a substantial increase in the past few years. It's projected to expand from $12.99 billion in 2024 to $13.75 billion in 2025 with a compound annual growth rate (CAGR) of 5.9%. Factors such as a growing population and urbanization, healthcare sector expansion, heightened awareness about hygiene, concerns over water quality, strict rules on preservatives, and preventive agricultural measures have led to the noteworthy growth in the historical period.
Biocides Market Size Forecast: What's the Projected Valuation by 2029?
Predictions for the biocides market size point towards significant expansion in the coming years, with an anticipated growth to $18.95 billion by 2029, reflecting an 8.4% compound annual growth rate (CAGR). The expected growth over this forecast period can be linked to advancements in bio-based biocides, expansion in the oil and gas exploration industry, a rise in demand for wood preservation, heightened consumer awareness, an emphasis on antimicrobial textiles, and an increase in personal care products. Notable future trends in the market include a surge in usage in water treatment, breakthroughs in microbial control, the implementation of biosecurity measures in farming, a growth in antifouling solutions, and the development of new biocide delivery technologies.
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What Are the Drivers Transforming the Biocides Market?
The growth of the biocide market is being driven by an increased utilization of antimicrobial protection in various end-use industries. The function of antimicrobial protection is to decrease or inhibit the volume of microorganisms, such as bacteria and mold. Biocides are extensively used in an array of end-use industries like agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, and pulp & paper functioning as an antimicrobial, disinfectant, and preservative. They are crucial in hospitals and other healthcare institutions to prevent and manage the transmission of infectious diseases. For instance, in March 2024 the Food & Drug Administration (FDA) proclaimed its plan to distribute cooperative agreements amounting up to three awards of $600,000 for the fiscal year (FY) 2024 and up to five awards of $1,000,000 for FY 2025. This financial initiative is part of the FDA's continuing efforts to compile data on antimicrobial usage in animals. It ensues that the escalated use of antimicrobial protection in various end-use industries is stimulating the expansion of the biocides market.
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What Long-Term Trends Will Define the Future of the Biocides Market?
Top firms in the animal and biocides market are striving to produce innovative products such as ENTAZIA to support rice farmers in safeguarding their crops and boosting their yields. ENTAZIA serves as an extensive spectrum biocide which is potent against numerous plant ailments, rice leaf blight being one of them. Additionally, it's a highly discriminatory biocide, implying it targets harmful organisms while sparing the beneficial ones. For example, in August 2023, FMC Corporation, a chemical production company based in the US, released its novel biocide - ENTAZIA in India to fight rice leaf blight. ENTAZIA is guided by a standout active component known as fluopicolide and is a next-generation biocide. It offers broad-spectrum functionality, remarkable selectivity, systemic activity, and minimal environmental fallout. In totality, ENTAZIA presents itself as a strong and efficient biocide that can assist rice farmers in securing their crops and magnifying their yields.
Which Segments in the Biocides Market Offer the Most Profit Potential?
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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Which Firms Dominate the Biocides Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Biocides Market?
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.
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