As per the report by UNICEF, about 74 percent of the population globally has access to safe drinking water, which is likely to reach around 81 percent by 2030, and the remaining approximately 1.6 billion population without any safe drinking water. The growing demand for safe drinking water will likely increase the demand for the biocides. Biocides are mainly used to eliminate the microbes from the unsafe water during treatment. As a result of all these factors, the demand for the biocides increases, enhancing the market growth in upcoming years.
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Data Bridge Market Research analyses a growth rate in the Global Biocides Market is expected to reach USD 16,967.26 million by 2029 from USD 10,889.6 million in 2021, growing with a substantial CAGR of 5.70% in the forecast period of 2022 to 2029. Rising development and concern towards the manufacture of eco-friendly biocides will likely increase the growth of the global biocides market.
Growing usage of antimicrobial protection products is expected to drive the market's growth rate
A growing usage of antimicrobial protection products in numerous end-use industries is likely to impel the market growth. Antimicrobial protection products are substances that can lower the levels of microorganisms such as mold and bacteria. The biocides have extensive antimicrobial, preservative and disinfectant applications in numerous end-use industries such as agrochemicals, food and beverages, paints and coatings, cosmetics and personal care, water treatment, oil and gas, and pulp and paper. In hospitals and other institutions, using biocides is significant to avoid widespread infectious diseases. Thus, an increase in the usage of antimicrobial protection in end-use industries is anticipated to drive the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Halogen Compounds, Organic Acids, Nitrogen Based Biocides (Quaternary Ammonium Compounds), Metallic Compounds, Organosulfur Compounds, Phenolic Biocides, Others), Product Type (Preservatives, Pest Control, Others), Application (Water Treatment, Food and Beverage, Boilers and Industrial Cooling Towers, Personal Care, Wood Preservation, Paints and Coatings, HVAC, Boilers, Oil and Gas, Fuels, Metal Working Fluids, Marine Industry, Plastics, Leather, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (U.S.), Clariant (Switzerland), Dow (U.S.), Akzo Nobel N.V (Netherlands), Kemira, (Finland) , THOR (U.S.), Italmatch AWS (Italy), LANXESS (Germany), Albemarle Corporation (U.S.), Lonza (Switzerland), Baker Hughes Company (U.S.), General Electric (U.S.), Buckman (U.S.), Valtris Specialty Chemicals (U.S.), Ecolab (U.S.), Merck KgaA (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The biocides market is segmented on the basis of type, product type and application.
- On the basis of type, the market is segmented into halogen compounds, organic acids, nitrogen based biocides (quaternary ammonium compounds), metallic compounds, organosulfur compounds, phenolic biocides and others.
The halogen compound segment of type segment is anticipated to dominate the biocides market
Halogen compound segment is expected to dominate the market with 27.20% market share due to maintaining thermal stability which has broadened its application in every industry such as food and beverage, industrial cleaning towers and several others
- On the basis of product type, the market is segmented into preservatives, pest control and others.
The preservatives segment of product type segment is anticipated to dominate the wearable conferencing technology market
Preservatives is expected to dominate the market with 60.92% market share because preservatives can be formulated with all other types to produce the double proteinaceous products
- On the basis of application, the market is segmented into water treatment, food and beverage, personal care, wood preservation, paints and coatings, HVAC, oil and gas, fuels, metal working fluids, marine industry, plastics, leather, boilers and Industrial cooling towers and others. Water treatment is expected to dominate the market with 18.30% market share because it controls and prevents the microbial growth in the industrial estate
Major Players
Data Bridge Market Research recognizes the following companies as the major bocides market players in bocides market BASF SE (U.S.), Clariant (Switzerland), Dow (U.S.), Akzo Nobel N.V (Netherlands), Kemira, (Finland), THOR (U.S.), Italmatch AWS (Italy), LANXESS (Germany), Albemarle Corporation (U.S.)
Market Development
- In 2022, Bridgnorth Aluminium has started its partnership with Veolia Water Technologies. Veolia would help comply with water treatment processes at the specialist's production site in Shropshire. Veolia Water Technologies provides Legionella compliance and servicing chemical supply for its water treatment process and cooling towers systems.
- In 2022, Arxada collaborated with Troy Corporation. Through this collaboration, they create a comprehensive and innovative offering in Arxada's Microbial Control Solutions business. This is also allowing the distribution of value-added services and new solutions to the customers.
- In 2020, LANXESS acquired Itibanyl Products Especiais Ltd. for an undisclosed amount. Through this acquisition, LANXESS allows strengthening its position in the global market as one of the major producers of antimicrobial active ingredients and formulations.
Regional Analysis
Geographically, the countries covered in the bocides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in bocides market during the forecast period 2022 to 2029
Asia-Pacific dominates the bocides market because of augmented manufacturing of disinfectants, mainly during the COVID-19 pandemic condition in this region. Furthermore, increasing demand for application-specific cleaning products will further enhance the market growth in this region.
North America is estimated to be the fastest-growing region in bocides market the forecast period 2022 to 2029
North America is expected to grow from 2022 to 2029 because of rising research and development activities among the manufacturers, formulators, and end users in this region. Additionally, the growing adoption of water-based paints and coating products because they are eco-friendly will further boost the market growth.
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