As per this study the Global Biocides Market was valued USD 12 BN (by revenue) in 2022 and is anticipated to reach USD 18.14 BN by 2030 with a CAGR of 5.3%. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Biocides are the toxic substances specially designed to kill, suppress, inhibit or control the growth of harmful bacteria, microorganism by means of chemical, physical or biological method. These include various pesticides, insecticides, and preservatives that are used to control multiplication of harmful organisms. They are available in liquid and powder form and are used in water treatment, food and beverage, paints & coatings and several other industries
Market Dynamics
The market is projected to expand in the following years owing to soaring demand from end-user industries. Growing demand for clean and bacteria free water across residential, commercial and industrial sector is driving the market growth. Rising health concerns is another factor boosting the market growth. Robust demand for paints & coatings on account of ongoing construction projects across the globe is also escalating the demand for biocides. However, stringent regulation imposed on usage of biocides in some regions may hinder the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of biocides.
Market Segmentation
The broad biocides market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Oxidizing Biocide
- Non-Oxidizing Biocide
- Others
By Application
- Water Treatment (Municipal Water Treatment, Oil & Gas, Power Plants, Pulp & Paper, Swimming pools, Mining, Other Water Treatment)
- Household, Industrial & Institutional Cleaning and Home Care
- Paints & Coatings
- Wood Preservatives
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for biocides in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Biocides Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the biocides market include LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), Nouryon (Netherlands), General Electric Company (US), Evonik Industries AG (Germany), Solvay SA (Belgium), and Clariant AG (Switzerland) and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.