Global Biocides Market Share Is Expected to Grow At A CAGR Value Of Around 3.8% By 2028

02-Jun-2022 | Facts and Factors

According to Facts and Factors, the Global Biocides Market was valued at USD 10,821.05 million in 2021 and is predicted to increase at a CAGR of 3.8% to USD 13,327.09 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

The global biocides market is being driven primarily by the increasing demand for effective wastewater treatment solutions, as well as the rising demand for clean and potable water. Biocides help to keep bacterial and algal contamination at bay in municipal drinking water systems, pool piping, and industrial water treatment systems. Additionally, the extensive use of biocides in the production of cleaning agents is propelling market expansion. They are particularly effective against grease, oil, germs, and pathogens and help to keep enclosed places clean. In line with this, the use of biocides in water-based paints and coatings to inhibit fungal or microbial growth on painted surfaces is also fuelling market expansion. Various product advances, such as the creation of environmentally acceptable halogen biocides, are also working as growth stimulants.

Browse the full “Biocides Market By Type (Oxidizing Biocides, Non-Oxidizing Biocides, Others), By Application (Water Treatment, Household & Personal Care, Paints & Coatings, Wood Preservatives, Other Biocides), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028"  report at https://www.fnfresearch.com/biocides-market

Other factors, such as growing industrialization and significant research and development (R&D), are expected to boost the market even more. With the increased population, scarce water resources must be used sustainably and made drinkable. Furthermore, wastewater must be cleaned because 80 percent of effluent ends up in the seas, rivers, lakes, and ponds untreated. This is driving the market growth in the coming years. The Biocides market is being hampered by limiting factors such as high manufacturing and registration costs, as well as the regulatory framework for biocidal products.

In terms of type, oxidizing biocides are expected to be the fastest-growing kind in the Biocides market. Oxidizing biocides are substances that kill bacteria via the electrochemical process of oxidation. During the oxidation process, the biocide gains one electron from the bacteria, and this electron loss kills the organism. Oxidizing biocides perform best in systems that use a lot of water. Chlorine, bromine, iodine, chlorine dioxide, ozone, hydrogen peroxide, sodium chlorite, calcium hypochlorite, sodium hypochlorite, peracetic acids, hypobromous acid, and sodium bromide are the most common oxidizing biocides used in water treatment. They're less expensive than non-oxidizing biocides, and oxidizing biocides are widely employed in water treatment, according to industry experts.

In terms of application, the major application for the biocide market was household and personal care. In the forecast period, the biocides market size for household and personal care applications stood for the greatest part of worldwide biocides in terms of value, owing to the rapid rise in disinfectant demand caused by the pandemic. Health hygiene and awareness increased the demand for biocides in household and personal care products such as triclosan, isothiazolinones, chloroacetimide bronopol, and others.

APAC is the largest biocide market. The APAC region's growth is being driven mostly by expanding local demand and rising exports to Western markets. The market in this area is being driven by rising demand for biocide products in the water treatment, household & personal care, paints & coatings, and food & beverage industries. China has the largest market share in the APAC area for biocides. The Chinese chemicals market has grown as a labor-intensive, high-technology business that produces at a low operating cost and makes use of economies of scale. These policies have resulted in the Chinese manufacturing industry seeing exponential expansion, resulting in a large trade surplus for the country each year.

Report Scope

Some of the major companies operating in the global biocides market are,

• Lonza AG (Bain Capital and Cinven) (Switzerland)
• DuPont (IFF) (US)
• LANXESS (Germany)
• Ecolab Inc. (US)
• BASF SE (Germany)
• Kemira OJY (Finland)
• Solvay (Belgium)
• Nouryon (Netherlands)
• Solenis (US)
• Veolia (France)
• Thor Industries (US)
• Sigura Water (US)
• Italmatch chemicals (Italy)
• Albemarle Corporation (US)
• ICL Group (Israel)
• Accepta Water Treatment (UK)
• Buckman Laboratories Interanational Inc. (US)
• B&V Chemicals (UK)
• Kimberlite Chemicals (Singapore)
• Kurita Water Industries (Japan)
• Melzer Chemicals Pvt. Ltd. (India)
• Momar Inc. (US)
• Ozone Tech Systems (Sweden)
• Chemicrea Inc (China)

The global biocides market is segmented as follows:

By Type

• Oxidizing Biocides
• Non-Oxidizing Biocides
• Others

By Application

• Water Treatment
• Household & Personal Care
• Paints & Coatings
• Wood Preservatives
• Other Biocides

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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