Global Biocides Market Reaching US$ 12.5 Billion by the Year 2033 at a CAGR of 3.4% in the Forecast Period 2023 to 2033

Published Via 11Press : NEWARK, Del: The global biocides market is worth US$ 8.9 Billion as of now and is expected to reach US$ 12.5 Billion by the year 2033 at a CAGR of 3.4% between 2023 and 2033.

Biocides are used in paints and coatings vertical for shielding surface painted on from bacterial or fungal contamination due to exposure to outer environment. These surfaces could be inclusive of automobiles’ exterior, walls of buildings & infrastructure, and consumer goods. Besides, water-based paints are being preferred over oil-based paints. Biocides are added to set with formulator over painted surface after paint gets dried off. The automotive industry asks for biocides for rendering protection to interior and exterior parts of the automobiles like brakes, handles, auto parts, and body.

At the same time, the fact that biocides comprise several chemicals like halogens, ammonium compounds, phenols, and iodine can’t be ignored. The volatility regarding prices of these chemicals are posing challenges to the growth of the market. Plus, the governments of numerous countries are imposing restrictions on export and import of some chemicals for reducing production. This is another factor restraining the biocides market. This is evident from the fact that Labeling and Packaging Regulation, Classification, REACH, and Biocidal Product Regulation had been introduced to ascertain the highest level of protection for human health and the environment.

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Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Biocides Market’. The dedicated team of analysts and consultants is there to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With paints and coatings vertical witnessing a boom, the global biocides market is expected to grow on a decent note in the forecast period”, says an analyst from Future Market Insights, Inc.

Biocides Market

Key Takeaways from Biocides Market

The Asia-Pacific holds the largest market share, accounting for more than 70% herein. This could be credited to strong growth in industrial sector due to an ever-increasing demand for biocides in countries like India and China. The end-use applications include paper and pulp, paints and coatings, agrochemicals, disinfecting sector, water treatment, and likewise. Canada is also not behind. As per Water Canada, the country is increasingly investing in construction of the water treatment plants.
North America holds a sizable market share with an exorbitant demand for biocides in wood preservatives, paints and coatings, and pulp and paper verticals.
GCC countries (UAE and Saudi Arabia in particular) have been witnessing a spike in demand for biocides due to call for drinking water free of micro-organisms.
Europe is riding on the back of Germany as it is subject to large-scale production of biocides.

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Competitive Biocides

Saint-Gobain S.A., in December 2020, did strengthen their partnership by entering LATAM.
LANXESS AG, in February 2020, completed acquisition of Itibanyl Produtos Especiais (IPEL) for spreading their reach in the antimicrobial active ingredients and formulations vertical.
LANXESS, in January 2021, completed acquiring INTACE for reaching out to consumer goods vertical through packaging and labels.
Vink Chemicals GmbH acquired product range comprising technical biocides along with oil & gas additives from Schulke.
Arxada, in January 2022, announced completing its merger with Troy Corporation. The combination does create an innovative and a comprehensive offering in Arxada’s MCS (Microbial Control Solutions) business; thereby facilitating delivering novel solutions with value-added service to the consumers.
Veolia Water Technologies, in August 2022, entered into long-term partnership with Bridgnorth Aluminium wherein former would be assisting in water treatment processes along with compliance services in Shropshire at specialist’s manufacturing site.

Major Contributors of the Biocides Market are

Clariant AG
Lonza Group
ICL Group
BASF SE
DOW
Veolia
Troy Corporation
Nouryon
Kemira Oyj
Ecolab USA Inc.
Albemarle Corporation
Solvay SA
Lanxess AG
Buckman Laboratories International
Melzer Chemicals Private Limited
Dalian Xingyuan Chemistry Co., Ltd.
Aegis Chemical Solutions
B&V Chemicals
Helvemed SA
Thor Group
SIDDHARTH CHEMICALS
Solenis
Zaozhuang Kerui Chemicals Co., Ltd.
Shandong IRO Biocide Chemicals Co., Ltd.

Key Segments

By Grade:

Food Grade
Pharmaceutical Grade
Industrial/ Technical Grade

By Type:

Halogen Compounds
Metallic Compounds
Organic Acids
Organo-sulfurs
Nitrogen
Phenolic
Others

By End Use:

Agrochemicals
Food & Beverages
Water Treatment
Paints & Coatings
Cosmetics & Personal Care
Oil & Gas
Pulp & Paper
Wood Preservatives
Cleaning Agents
Others

By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)

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What does the Report say?

The research study is based on grade (food grade, pharmaceutical grade, and industrial/technical grade), by type (halogen compounds, metallic compounds, organic acids, organo-sulfurs, nitrogen, phenolic, and likewise), and by end-use (agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, pulp & paper, wood preservatives, cleaning agents, and likewise).
With realization of the fact that biocides help in sterilizing medical devices apart from disinfection of surface and water, the global biocides market is expected to grow on an astounding note in the near future.

Table of Content

1. Executive Summary | Biocides Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends (TOC Continued...)

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Global Biocides Market Reaching US$ 12.5 Billion by the Year 2033 at a CAGR of 3.4% in the Forecast Period 2023 to 2033 | Report by Future Market Insights, Inc.