Biocide Market Size and Growth:
The biocides market is expected to register a CAGR of 6.8% between 2021 and 2026 to reach $ 11.6 billion by 2026.
Biocides are products or chemicals that fight parasites or microorganisms. These are generally used to control and kill harmful and unwanted organisms like mold, bacteria, algae, insects and rodents. Biocides represent various products such as disinfectants, wood preservatives, rodenticides, anti-fouling agents (in ships), canned preservatives, used in homes and public places such as hospitals and industries. Despite regulatory pressures, the reduction in the number of biocides according to their concentrations in the final products, carefully selected mixtures of biocidal active substances in optimal proportions, as well as new technical advances, can provide improved preservation solutions without having to need precautionary labeling.
Biocide Market Trends:
Biocides are used in water treatment to kill microbes. Water towers are ideal places for the growth of biological organisms, such as bacteria, algae, fungi, sulfate-reducing bacteria and protozoa. Left unchecked, they form a layer of bio-silt which acts as a natural adhesive surface for scale formation, which can reduce the efficiency of the cooling system. In order for water systems to function at their optimum efficiency, biocides are added to the water to remove sludge, microbiological scale and biofilm from these systems. These chemicals are widely used in cooling towers, spas and swimming pools, wastewater treatment, and industrial wastewater treatment. Biocides are also used in water cleaning programs to control biological contamination on reverse osmosis membranes. These biocides are used before the reverse osmosis system, to regulate the biocgrowth in the membrane The paints and coatings industry, which is experiencing upheaval due to the lead component in paints, has increased in strength with the advent of powder coatings.
This has further expanded the scope of biocides in the paint and coatings industry with a new emerging front. As the powder coatings market is growing at a CAGR of 6.10% through 2026, it is a major growth driver for the demand of the biocides market. With automotive OEMs drifting towards the powder form coatings due to economical and labor-efficient efficiency, this segment is a mega trend and has a positive impact on the market. Modern constructions with complex designs that adopt molded glass and polymers, due to their flexibility and lightness properties. This has increased the application of adhesives and sealants that are more vulnerable to microbial attack in complex engineering infrastructures equipped with glass and polymers. As a result, the growing demand for adhesives and sealants in the construction industry is driving the application of canned preservatives and dry film fungicides, positively influencing the size of the biocides market. Likewise, the lightweight automotive trend has prompted automotive original equipment manufacturers (OEMs) to switch to polymers for manufacturing. automotive equipment. As glass and plastic add aesthetic feasibility and flexibility in automotive design, adhesives and sealants are widely adopted by players in the electric vehicle (EV) market.
Recent Developments in the Biocide Market:
In August 2015, Biocidal grade n-propanol was launched by Oxea that is specially designed to meet the requirements of European legislation for biocidal products.
In February 2013, PuriCore, a leading company in disinfection and sterilization technology launches a new biocide technology. This technology has significant role in the healthcare, restaurants and hotels. This is to expand the portfolio of the company.
Biocide Market Drivers:
The market is driven by the growing demand for water treatment plants in countries in the Middle East and Africa, as well as the growing demand from the food industry. Biocides also find a wide range of applications in a wide range of products, such as antimicrobial coatings and the food and pulp industry. Hence, the emerging applications of biocides are another important factor which is expected to drive the growth of the global biocides market during the forecast period. In addition, the increased need for agrochemicals due to the increased demand for high quality pest-free crops is another key aspect of the growth of the global market.
Biocide Market Restraints:
The market growth is restrained by environmental issues due to the usage of chlorine.
Opportunities in the Biocide Market:
The growing awareness of the agricultural sector globally is likely to provide an opportunity for the biocides market during the forecast period. Developed countries / regions like the United States and the European Union with stricter environmental regulations and standards are expected to offer lucrative opportunities for green or bio-based products.
Challenges in the Biocide Market:
Environmental regulations on toxic biocides and variation in raw material prices are expected to challenge the market growth during the forecast period. Also, lack of complete knowledge in the utilization of the materials in effective way is a big challenge for the market players.
Market Size Available
2020 – 2025
2021 - 2026
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Troy Corporation, DowDuPont Inc., Thor Specialities, Ashland Inc., Arch Chemicals, BASF SE, Akzo Nobel N.V, Champion Technology Services, Inc..Lanxess, Albemarle Corporation.Akzonobel N.V.
The halogen-based biocides segment holds the largest market share, due to increased demand from the oil and gas, chemicals, pulp and paper and other industries. Furthermore, the increased awareness of waterborne diseases increases the demand for treated water, which in turn drives the growth of the Biocides market for halogen-based biocides during the forecast period.
The agriculture segment obtained the largest market share. This is attributed to an increased demand for crop protection and improvement applications in the agricultural sector. Moreover, the increased awareness of the farmers of biocides is boosting the growth of the biocides market during the forecast period.
The Biocide Market Report includes the segmentation of Regions:
Middle East & Africa
The Asia-Pacific region is expected to register the highest market growth between 2021 and 2026. The growing end-user industry is the main market driver in the region. Europe is expected to experience slow growth during the forecast period due to strict environmental regulations in the region. In addition, food safety regulations are also strict in the region, making it difficult to market preservatives in the food segment. The growing demand from the water treatment segment, coupled with the growing demand from the revival of the construction industry, is driving the biocides market in North America. In response to the aging of existing water and wastewater treatment units in the country, the United States Environmental Protection Agency (USEPA) is focusing on improving water services and sanitation, particularly in the treatment of municipal wastewater. In addition, USEPA has also focused on providing safe drinking water and operates a fund called the State Clean Water Revolving Fund, which funds environmental compliance to meet infrastructure needs. In addition to funds, the government also encourages private investment in water and wastewater treatment. The demand for paints and coatings has increased in construction, with increased construction costs in the non-residential sector, thus increasing consumption. Hence, these growing end user industries are expected to drive the biocides market during the forecast period.
The current COVID-19 pandemic scenario has led people to look into public health and safety conditions. This has led to an increase in the demand for disinfectants. Products are flying off the shelves as they are stored and manufacturers have started mass production to meet consumer needs. The demand for biocides has increased exponentially and the market will experience constant demand for years to come.
Biocide Market Key Players:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Biocide Market, By Type
6.1.1 Metallic Compounds
6.1.2 Halogen-Based Biocides
6.1.3 Organic Acids
6.1.5 Phenol-Based Biocides
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Biocide Market, By End User Industry
6.2.1 Food & Beverage
6.2.5 Personal Care
6.2.6 Water Treatment
6.2.7 Paints & Coatings
6.2.8 Home Care
6.2.10 Market Size Estimations & Forecasts (2021-2026)
6.2.11 Y-o-Y Growth Rate Analysis
6.2.12 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By End User Industry
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By End User Industry
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By End User Industry
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By End User Industry
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By End User Industry
8. Key Player Analysis
8.1 Troy Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 DowDuPont Inc.
8.3 Thor Specialities
8.4 Ashland Inc.
8.5 Arch Chemicals
8.6 BASF SE
8.7 Akzo Nobel N.V
8.8 Champion Technology Services, Inc.
8.9 Lanxess, and Albemarle Corporation.
8.10 Akzonobel N.V.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Biocide Market By Region, From 2021-2026 ( USD Billion )
Global Biocide Market By Type, From 2021-2026 ( USD Billion )
Global Metallic Compounds Market By Region, From 2021-2026 ( USD Billion )
Global Halogen-Based Biocides Market By Region, From 2021-2026 ( USD Billion )
Global Organic Acids Market By Region, From 2021-2026 ( USD Billion )
Global Sulphones Market By Region, From 2021-2026 ( USD Billion )
Global Phenol-Based Biocides Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )
Global Biocide Market By End User Industry, From 2021-2026 ( USD Billion )
Global Food & Beverage Market By Region, From 2021-2026 ( USD Billion )
Global Construction Market By Region, From 2021-2026 ( USD Billion )
Global Agriculture Market By Region, From 2021-2026 ( USD Billion )
Global Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
Global Personal Care Market By Region, From 2021-2026 ( USD Billion )
Global Water Treatment Market By Region, From 2021-2026 ( USD Billion )
Global Paints & Coatings Market By Region, From 2021-2026 ( USD Billion )
Global Home Care Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )