Biocides Market to Expand Steadily in the Forthcoming Years

Market Research Future (MRFR) has published on the “Global Biocides Market”          

Market Research Future (MRFR) has published a cooked research report on the “global biocides market” that contains the information from 2023 to 2030. The global biocides market is estimated to register a CAGR of 4.34% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global biocides market — Albemarle Corporation (US), Lubrizol (US), Baker Hughes Incorporated (US), Lanxess AG (Germany), BASF SE (Germany), Clariant AG (Switzerland), Kemira (Finland), Arkema (France), Troy Corporation (US), Solvay SA (Belgium), Valtris Specialty Chemicals (US), Italmatch Chemicals (US), Champion Technologies (US), Vink Chemicals (Germany) and others.

Market Highlights

The global biocides market is accounted for to register a CAGR of 4.34% during the forecast period and is estimated to reach USD 69.9 billion by 2030.

One of the most important tasks in a variety of industrial, manufacturing, and commercial process applications is managing microbial activity. Chemical biocides are vital for always guaranteeing water quality to keep systems safe, maintained, and running at their best. The use of appropriate biocides and dispersants makes this possible. They are ideal for a variety of industrial and process water treatment applications as well as environmental hygiene requirements and activities that call for effective microbial activity control in water. Global population growth and industrialization are increasing the need for biocides in wastewater treatment. There are several different biocides utilised in the water treatment process, with chlorine being one of them. A chlorine-based chemical called chlorine dioxide is used to treat both drinking water and process water. Cooling towers are cleaned using stabilised bromine, which is an excellent solution for situations with warmer water.

Additionally, nations have imposed strong regulations against the pollution of naturally occurring water bodies and the unauthorized dumping of wastewater. Special rules have been enacted in nations such as China, which have been badly damaged by air pollution, to protect them from the damaging impact of wastewater discharge. At the same time, affluent countries such as the United States have tight legislation for drinking water, potable water, and wastewater, showing that wastewater treatment is carefully enforced. Thus, the growing demand for wastewater treatment are likely to drive the growth of the biocides market.

Segment Analysis

The global biocides market has been segmented based on type and application.

Based on type, the market is segmented into halogen compounds, organosulfur compounds, phenolic biocides, metallic compounds and others. The halogen compounds segment attributed to holding the largest market share in 2023 with a market share of ~41% revenue as estimated by MRFR analysts.

Based on application, the global biocides market has been segmented into water treatment, personal care, wood preservation, food & beverages, paints & coatings and others. The water treatment segment was expected to hold the largest market share in 2023.

Biocides are widely employed in the water treatment sector, where they are utilized to limit the growth of hazardous microbes in water systems. Water systems, such as cooling and hot water systems, require biocide treatment to prevent bacteria development. Additionally, biocides assist to preserve the efficiency and performance of water treatment systems by preventing corrosion and scaling. With rising regulatory compliance for water treatment and wastewater disposal requirements, there is a significant growth in demand for the use of biocides in water treatment practices.

Further, we estimate that the market segment will continue to dominate market revenue growth during the forecast period. It has been identified that the segment market yet witnesses continuous advancement with rapid industrial growth and increasing application in the industry.  

Regional Analysis

The global biocides market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America consists of US and Canada. The Europe market comprises of UK, Germany, France, Italy, Spain, Russia, and the rest of Europe. The global biocides market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia & New Zealand, and the rest of Asia-Pacific. The Middle East & Africa market comprises of Saudi Arabia, UAE, South Africa, and rest of Middle East & Africa. While the Latin America market consists of Brazil, Mexico, Argentina, and rest of South America.

Rapidly growing construction industry as well as increasing regulatory requirements are boosting the growth of the North America region.

Moreover, the Europe market has been persistently growing owing to stringent regulations and compliances related to wastewater disposal as well as increasing focus on.

Furthermore, the Asia-Pacific market has been persistently growing owing to rapid industrial expansion and growing end use industries demand as well as presence of emerging nations with increasing implantation of environment protection policies.  

Additionally, market factors, such as the increasing population and urbanization as well as concerns related to water scarcity and quality concerns are driving the Middle East & Africa region’s growth.

Also, market factors, such as the increasing demand in the food & beverage industry and growing demand of water treatment and increasing regulatory compliances are driving the Latin America region’s growth.

Key Findings of the Study

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  The global biocides market is expected to reach USD 69.9 billion by 2030, at a CAGR of 4.34 % during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market.

  
  


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  Based on type, the halogen compounds segment was attributed to holding the largest market in 2022, with an approximate market share of 41%.

  
  


• Corporation (US), Lubrizol (US), Baker Hughes Incorporated (US), Lanxess AG (Germany), BASF SE (Germany), Clariant AG (Switzerland), Kemira (Finland), Arkema (France), are the key market players.