Biocides Market Trends, Scope, Size, Share by 2031

Analyst Perspective 

The global biocides market is expected to register a

CAGR of ~4%

. The surge in growth is fuelled by the consumer product segment, where biocides find applications in various products such as cleaning items, cosmetics, wipes, disinfectants, and laundry detergents. Moreover, there is a noticeable increase in the utilization of biocides as ingredients in preservatives, disinfectants, insecticides, antiseptics, fungicides, and herbicides. Developing environmentally friendly and effective biocides and economic growth in developing countries create new market opportunities and drive demand. The demand for eco-friendly biocides with biodegradable and non-toxic properties presents a lucrative opportunity for manufacturers who can develop sustainable solutions. Manufacturers are actively developing products that can be applied across various uses, aligning with sustainability and regulatory requirements.  Regulatory hurdles, microbial resistance, and costly innovation are significant challenges for the growth of the biocides market.

Market Overview

Biocides are chemicals designed to manage and reduce the impact of harmful microbes. The biocides market is experiencing growth due to the increased use of biocides in various sectors. Notably, water treatment and painting benefit from biocides, with halogens like chlorine and fluorine effectively removing impurities. In painting, biocides prevent microbial growth on building walls post-drying, enhancing overall building quality. The oil and gas industry finds biocides valuable, especially in underground storage tanks. Adding biocides at the right concentration inhibits harmful microbial growth like bacteria, fungi, and yeast inside fuel, thereby improving fuel quality.  Rapid economic growth in developing countries leads to increased demand for consumer goods and infrastructure, which drives the demand for biocides used in paints, coatings, and construction materials. As consumers become more environmentally conscious, there is a rising demand for eco-friendly and natural biocides. Companies are leaning towards biocides with low toxicity, minimal environmental impact, and biodegradable properties.

Market Drivers

• Increasing demand for water treatment

Growing populations and urbanization strain freshwater resources, leading to increased demand for efficient water treatment. Biocides are crucial in disinfecting water and preventing harmful microorganisms' growth.

• Growing awareness of hygiene and sanitation

Increasing awareness of the importance of hygiene and sanitation, particularly in healthcare settings and food processing facilities, is boosting the demand for biocides used in disinfectants and preservatives.

Market Segmentation

The biocides market is segmented based on type, and application. The market is segmented based on type into halogen compounds, organic acids, nitrogen-based biocides, metallic compounds, and organosulfur compounds. The biocides market is segmented based on application into water treatment, food and beverage, boilers and industrial cooling towers, personal care, paints and coatings, oil and gas, marine industry, and others.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global biocides market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The market by region is also sub-segmented by respective countries and segments. The biocides market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the biocides market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the biocides market in these regions.

MARKET PLAYERS

The reports cover vital organic and inorganic growth strategy developments in the biocides market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the biocides market are estimated to have lucrative growth opportunities with the increasing importance of hygiene and sanitation in the global market.

The report includes key companies' profiles, SWOT analysis, and biocides market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the biocides market.

• Albemarle Corporation
• AkzoNobel NV
• Lubrizol Corporation 
• Basf Se
• Clariant AG
• Kemira Group
• Lanxess AG 
• Lonza
• Solvay
• DOW Chemical Company

Biocides Report Scope