IMARC Group, a leading market research company, has recently releases report titled “Biocides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global biocides market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the biocides market?
The global biocides market size reached US$ 8.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.12% during 2023-2028.
What are biocides?
Biocides represent anti-microbial chemicals that are used to prevent and control the growth of mold, viruses, bacteria, etc. They are manufactured using metallic compounds, organosulfur compounds, phenols, halogens, etc. Some examples of common biocides include sterilizers, rodenticides, wood preservatives, anti-fouling agents, in-can preservatives, etc. They are also utilized as antiseptics for treating mucous membrane infections and damaged skin and as preservatives in soaps, cleansers, face washes, conditioners, etc. As a result, biocides find extensive applications across several industries, such as food and beverage, wastewater treatment, personal care, paints and coatings, construction, etc.
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What are the growth prospects and trends in the biocides industry?
The growing requirement for effective wastewater treatment solutions, along with the escalating demand for clean and potable water, is primarily driving the biocides market across the globe. Moreover, biocides are also gaining traction for inhibiting bacterial and algae contamination in municipal drinking water systems, industrial water treatment systems, pool pipes, etc. Additionally, the rising product adoption for manufacturing cleaning agents is further providing a thrust to the market growth. Besides this, biocides are being increasingly utilized with water-based paints and coatings to prevent fungal or microbial development on painted surfaces. Furthermore, various product innovations, including the development of environment-friendly halogen biocides that do not react with impurities or produce hazardous residues, will also continue to fuel the global biocides market growth over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Halogen Compounds
- Metallic Compounds
- Organosulfur Compounds
- Organic Acids
Breakup by Application:
- Water Treatment
- Food and Beverage
- Personal Care
- Wood Preservation
- Paints and Coatings
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Akzo Nobel N.V.
- Albemarle Corporation
- BASF SE
- ChemTreat Inc. (Danaher Corporation)
- Clariant AG
- Dow Inc.
- Finoric LLC
- Lanxess AG
- Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
- Solvay S.A.
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Troy Corporation
- Wuxi Honor Shine Chemical Co. Ltd.
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