Biocides Market Research Report – Forecast to 2030

Biocides Market Information By Product (Halogen Compounds, Metallic Compounds, Organic Acids, Phenolics, Nitrogen, Other) By Application (Water Treatment, Food & Beverages, Personal Care, Wood Preservation, Paints & Coatings, HVAC, Boilers, Oil & Gas, Fuels, Other) Forecast 2030

ID: MRFR/CnM/5040-HCR | August 2022 | Region: Global | 100 Pages         

Biocides Market

The Biocides Market Forecast is projected to reach a CAGR of 5.35 % and a value of USD 15.6 Billion from 2022 to 2030 during the forecast period.

Segmentation

By Product Halogen Compounds Metallic Compounds Organic Acids Phenolics Nitrogen Other
By Application Water Treatment Food & Beverages Personal Care Wood Preservation Paints & Coatings Hvac Boilers Oil & Gas Fuels Other

Key Players

  • AkzoNobel N.V.
  • Akcros Chemicals
  • Albemarle Corporation
  • Arch Chemicals Inc.
  • Champion Technologies
  • Lubrizol
  • Anpath Group Incorporated
  • Baker Hughes Incorporated
  • Ashland Inc.
  • BASF
  • BWA Water Additives
  • GE Water and Process Technologies
  • Solvary SA
  • Sigma-Aldrich
  • Thor Group limited
  • Buckman Laboratories International Inc.
  • Cortec Corporation
  • Troy Corporation
  • Clariant AG
  • The Dow Chemical Company
  • Lanxess AG

Drivers

  • Increasing utilization of biocides and biocidal products in multiple industrial sectors for disinfecting purposes.
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Biocides Market Overview


Biocides are chemicals that can kill or repel hazardous organisms by utilizing chemical or biological techniques. It is used in the form of preservatives, disinfectants, insecticides, oxidizing agents and pesticides to control the harmful effect of microbes on human health.


It is mostly used in industrial and public water treatment. These applications are driving the Biocides Market Growth. The growing construction activities with modernization and implementation of complicated designs are adopting to prefer moulded glass and polymers because of their flexibility and lightweight properties. The usage of adhesives and sealants to control microbial attacks in infrastructures made with glass and polymers is propelling the Biocides Market to emerge. Hence, the rise in demand for adhesives and sealants in the construction industries leads to the usage of preservatives and dry film fungicides, which boosts the Biocides Market Size.


Biocides are highly utilized in different industrial verticals. Cooling towers are also a crucial application area for biocides in mining, power plants, and chemical facilities. Biofilms can provide fouling and hurt equipment performance. It also accelerates corrosion and even perforates the cooling tower surfaces. These factors are propelling the market’s demand.


The metal infrastructure is also used in the oil and gas industry, and it is subjected to MIC (microbially induced corrosion) due to the sulfate-reducing bacteria (SRB). The lower content of oxygen, stagnant fluids forming in the pipelines promote the growth of SRB. These are driving the demand for oxidizing and non-oxidizing biocides, which are widely used in industrial, home production, and institutional (HI&I) cleaning products like sprays, disinfection wipes, and other cleaning liquids. 


The Biocides Market Forecast is projected to reach a CAGR of 5.35 % and a value of USD 15.6 Billion from 2027 to 2030 during the forecast period.


COVID-19 Analysis


During the COVID-19 pandemic, the Biocides Market faced huge challenges due to economic loss. In the initial period, when the government ordered for lockdown, the industrial activities of the market were halted, including the manufacturing process, production process and other operations. When the sales rate was hampered, it disrupted the supply chain process. The further days after the lockdown got lifted, the market earned huge demands from the end-users. The application of biocides is huge due to various usage. The main function of biocides is it kills harmful microbes; hence their demand went on increasing during this period. Various disinfectant products were used by the public and industrial verticals to prevent the spread of the virus. Hence, the market is expected to acquire a good growth rate in the coming years.


Chief Factors Existing In The Market



Key Market Drivers

The growth drivers are propelling the Biocides Market Value globally. The demand for biocides from the paint and coating industries is chiefly driving the market. The rise in concern for marine coating is a prominent reason. 

Market Challenges

There are different challenges in the Biocides Market that are restricting its growth. Biocides usage can lead to serious environmental consequences. Anti-fouling paints have compounds like TBT, showing long-term effects on marine ecosystems. Hence, it is prohibited in many nations for commercial vessels. The disposal of used or unwanted biocides results in serious issues and long-term environmental damage. These are the challenging factors of the market.

Market Opportunities

The growing opportunities in the Biocides Market are fueling up the market’s demand. The new product launch by the players is propelling the market’s performance. The research and development activities are another huge opportunities enhancing factor.

Market Restraints

The restraining factors such as expensive charges for manufacturing and registration and the regulatory framework for biocidal products are hampering the growth of the Biocides Market.

Cumulative Evaluation Of The Market


The cumulative evaluation of the Biocides Market Analysis shows that the market will secure its growth with a strong compound annual growth rate in the forecast period by 2030. The estimated growth value is confirmed due to the presence of higher growth demand and factors. The key drivers and the opportunities are helping the market to accelerate at a higher pace. Despite the pandemic’s hit, the market will acquire its growth rate by recovering from the loss. The key player’s presence and their strategies will let the Biocides Market emerge globally by fueling up the regional markets. Hence, the market will successfully have a USD value and a strong CAGR during the valuation period.


Market Segmentation


The Biocides Market is segmented into two major segments: product, type, and application.



By Product

The product type segment of the market is categorized into halogen compounds, metallic compounds, organosulfur, organic acids, phenolics, nitrogen and others. These compounds are widely used in laboratories for research and experimental activities.

By Application

The application segment of the market is categorized into water treatment, food and beverages, personal care, paints and coatings, HVAC, boilers, wood preservation, oil & gas, fuels, and others.

The water treatment consists of municipal water treatment, oil and gas, power plants, pulp and paper, swimming pools and mining. The paint and coating segment is categorized into marine coatings and others. The household and personal care applications had captured the largest share of the Biocides Market Share due to their huge demand during the pandemic when the usage of hygiene products propelled rising awareness to stay healthy. 



By Type

The type segment of the market is classified into oxidizing biocidesnon-oxidizing biocides and others.

Regional Analysis


According to the regional growth report, the Biocides Market is showing massive growth in major continents around the world. The regional growth is propelled due to the presence of growth factors. 


The Asia Pacific region is showing a significant growth rate due to the increased rate of local demand and growing exports to western markets. The APAC market is also driven by the higher usage of biocide products in household and personal care, water treatment, paints and coatings, and food and beverage industries. China is holding a good share, and it has surpassed top markets in terms of production and consumption rate of chemical commodities. 


North America is also estimating the largest share value of the Biocides Market in the forecast period due to the presence of huge end-user industries, like paints and coatings, water treatment, food and beverage, etc. Especially the US region will register significant market value because the country is highly concerned about wastewater treatment.


The other regions across the world will also show a steady growth value due to the growing demand for biocides based on their industrial application.


Competitive Intensity Within The Industry 


The major industrial players in the Biocides Market ensure the market’s performance by determining its growth analysis, quantitive analysis and other factors. The players implement strategies to enhance the Biocides Market Trends globally. The developmental activities such as collaboration, partnership, mergers among the players drive the market. The competition among the players is maintained by product launching activities, product improvement and expansion. The market’s growth is tracked and monitored to estimate the valuation in the forecast period. The players focus on growth opportunities and further work on them to fuel up the market. Below mentioned are the chief players in the Biocides Market.



  • AkzoNobel N.V.

  • Baker Hughes Incorporated

  • Ashland Inc.

  • BASF

  • BWA Water Additives

  • Akcros Chemicals

  • Albemarle Corporation

  • Arch Chemicals Inc.

  • Champion Technologies

  • Lubrizol

  • Anpath Group Incorporated

  • GE Water and Process Technologies

  • Buckman Laboratories International Inc.

  • Cortec Corporation

  • Troy Corporation

  • Solvary SA

  • Sigma-Aldrich

  • Thor Group limited

  • Clariant AG

  • The Dow Chemical Company

  • Lanxess AG and others.


Recent Market Developments



  • In August 2021, Lanxess planned for acquiring another company in the biocides industry and agreed to purchase the microbial control business from International Flavors& Fragrance for USD 1.3 billion. With this purchase, Lanxess owned the developer of glutaraldehyde, a key biocide that has huge preservative applications, including home, personal care products, paints, and oil and gas drilling.

  • According to the researchers in China and New Zealand, the customers highly prefer biocide labelled dairy products. 


Report Overview


The study of the Biocides Market Outlook showcases the growth influencing factors such as the market dynamics, drivers, opportunities, demands and measures. The report also states the growth restricting factors such as the market challenges and restraints. These factors overall state the current market trends and its past performance, and future growth rate prediction was also predicted. The segmentation study shows the major segments and their sub-segments along with their importance. In the regional analysis study, the geographical regions covered by the market were mentioned in detail with their regional growth. The competitive intensity was discussed, which proved that the industrial players’ presence and their developmental activities are highly propelling the Biocides Market at the global level. The recent and future developments will let the market prove its worth. Hence, it is estimated that the market will reach a strong CAGR percent in the review period.


Key Industrial Segments


By Product



  • Halogen Compounds

  • Metallic Compounds

  • Organosulfur

  • Organic Acids

  • Phenolics

  • Nitrogen

  • Others


By Application 



  • Water Treatment



  • Municipal Water Treatment

  • Oil and Gas

  • Power Plants

  • Pulp and Paper

  • Swimming Pools

  • Mining

    • Food & Beverages

    • Personal Care

    • Wood Preservation

    • Paints & Coatings

    • HVAC

    • Boilers

    • Oil & Gas

    • Fuels

    • Others




By Type



  • Oxidizing Biocides

  • Non-Oxidizing Biocides

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : USD 15.6 Billion
  CAGR   CAGR of 5.35% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   AkzoNobel N.V., Akcros Chemicals, Albemarle Corporation, Arch Chemicals Inc., Champion Technologies, Lubrizol, Anpath Group Incorporated, Baker Hughes Incorporated, Ashland Inc., BASF, BWA Water Additives, GE Water and Process Technologies, Solvary SA, Sigma-Aldrich, Thor Group limited, Buckman Laboratories International Inc., Cortec Corporation, Troy Corporation, Clariant AG, The Dow Chemical Company, Lanxess AG and others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increasing utilization of biocides and biocidal products in multiple industrial sectors for disinfecting purposes


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Frequently Asked Questions (FAQ) :

Biocides are substrates that have antimicrobial properties and hence are used in a variety of applications, including water treatment, food & beverages, paints & coatings, personal care, wood preservation, and many others.

The industrial preservation segment by applications accounts for the largest share in the global Biocides market.

Increasing utilization for disinfecting purposes across the industries.

North America holds the largest share in the global Biocides market followed by Asia Pacific and Europe, respectively.

Cortec Corporation, Arch Chemicals Inc., Buckman Laboratories International Inc., Anpath Group Incorporated, GE Water and Process Technologies, Ashland Inc., Sigma-Aldrich, Champion Technologies, Lanxess AG, AkzoNobel N.V., BWA Water Additives, BASF, Clariant AG, Thor Group Limited, The Dow Chemical Company, Albemarle Corporation, Solvary SA, Akcros Chemicals, Baker Hughes Incorporated, Lubrizol, and Troy Corporation, are some of the major players operating in the global biocides market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global biocides market adopt to gain a larger competitive advantage.

The Biocides Market will reach a CAGR of 5.35 % during the forecast period.