11-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Biocides Market By Type (Phenol Based, Metallic Compounds, Organic Acid, Sulfones, Halogen-Based Derivatives, and Others) and By Application (Pharmaceuticals, Food & Beverages, Paints & Coatings, Personal Care, Agriculture, Water Treatment, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global biocides market in 2019 was approximately USD 8,272.5 Million. The market is expected to grow above a CAGR of 6.0% and is anticipated to reach over USD 12,435.0 Million by 2026.
Biocides are chemicals that are used in sufficient proportion and length to destroy species. They are used to destroy harmful microorganisms, and to regulate the growth of fungi and bacteria. Biocides include a range of products including antifouling agents, disinfectants, rodenticides, wood preservatives, etc. The sectors that use biocides predominantly are food, drinking, wastewater treatment, and consumer goods. Additionally, biocides are used at a sub-level by the food and beverage industry and act as a preservative to extend the shelf life of the food item.
Browse the full “Biocides Market By Type (Phenol Based, Metallic Compounds, Organic Acid, Sulfones, Halogen-Based Derivatives, and Others) and By Application (Pharmaceuticals, Food & Beverages, Paints & Coatings, Personal Care, Agriculture, Water Treatment, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/biocides-market-by-type-phenol-based-metallic-compounds-1135
Growth in the market for biocides is due to growing demand from personal care, paints and coatings sectors. The biocides market will also rise in the coming years as these industries are expanding widely. As a result of the rising health consciousness demand for clean water, developing economies are implementing water treatment processes that have increased driving the biocides market. The paint and coatings industry is increasing rapidly due to the rapid growth of industrialization and infrastructural development that will drive demand growth for biocides.
On the basis of type, the global biocides market is segmented into phenol-based, metallic compounds, organic acid, sulfones, halogen-based derivatives, and others. The metallic compounds were the most attractive segment of the market in 2019. The metallic compounds are used in water treatment plants and refrigeration towers as disinfectants. The need for clean water would fuel the demand for metallic compounds. Moreover, the halogen-based category of the market is predicted to be the fastest-growing type of biocides during the forthcoming years.
In terms of regions, North America held the largest market share of the biocides market in 2019. It holds more than a 32% share of the total market in 2019. North America was followed by Europe and the Asia Pacific. In Europe, Germany, France, and Spain together contributed more than half of the market share of the European biocides market in 2019. The disposable per capita income in developing countries such as China, India, and Southeast countries has led to increased biocidal use. Moreover, Asia Pacific is predicted to witness the highest CAGR over the forecast period. Latin America and Middle East & Africa are also likely to witness substantial growth during the years to come.
Top Market Players
Top key players operating in the market are Lubrizol, ISP, Clariant AG, Thor Specialties, BASF, AkzoNobel N.V., Ashland, Champion Technologies, Lanxess, Troy Corporation, The Dow Chemical Company, Arch Chemicals, Albemarle, and Others.
This report segments the biocides market as follows:
Global Biocides Market: By Type Segmentation Analysis
- Phenol Based
- Metallic Compounds
- Organic Acid
- Halogen-Based Derivatives
Global Biocides Market: By Application Segmentation Analysis
- Food & Beverages
- Paints & Coatings
- Personal Care
- Water Treatment
Global Biocides Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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