Biocides Market Incredible Possibilities, Growth with Industry Study - $16,967.26

Details:

Biocide is active chemical molecules that are used to limit the growth of germs that come into contact with humans or animals. Antibiotic characteristics are active substances of synthetic or natural origin that are used for the eradication of illnesses caused by bacteria. Biocides are used to limit the usage of antibiotics. Biocide preservation applications are at the forefront of the industry, consuming the most specialist biocides in terms of both volume and value. Despite regulatory pressures to reduce the number of biocides used in end products based on their concentrations, blends of carefully selected biocidal active substances in optimal ratios, combined with new technological advancements, can provide improved preservation solutions without the need for cautionary labelling.

Data Bridge Market Research analyses that the biocides market was valued at USD 10,889.6 million in 2021 and is further estimated to reach USD 16967.26 million by 2029, and is expected to grow at a CAGR of 5.7% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Global Biocides Market Definition

Biocides are products or chemicals that are used to kill pests or microbes. Mold, bacteria, algae, insects, and rodents are commonly utilised to manage and kill hazardous and undesired species. Disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and other biocides are used in households and public locations such as hospitals and industries.



Report Scope and Market Segmentation

REPORT METRIC

DETAILS

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Lubrizol Corporation (US), BASF SE (Germany), Clariant (Switzerland), Cortec Corporation (US), Dow (US), Akzo Nobel N.V. (Netherlands), Kemira (Finland), Thor (US), BWA WATER ADDITIVES (US), LANXESS (Germany), Albemarle Corporation (US), Lonza (Switzerland), Baker Hughes (US), General Electric Company (US), Buckman (US), Valtris Specialty Chemicals (US), Ecolab (US), Merck KgaA (Germany) and Ques Industries, Inc. (US).

Market Opportunities

The need for biocides in applications such as water treatment, household and personal care, paints and coatings, wood preservatives.
Rise in the usage of antimicrobial protection in end use industries
Strict regulatory environment.
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Biocides Market Dynamics

Major factors that are expected to boost the growth of the biocides market in the forecast period are as follows:

Drivers

Rise in the Use of Antimicrobial Protection in End Use Industries

Biocides have become increasingly popular in a variety of industries. Because cooling water systems provide a favourable environment for the growth of microorganisms, cooling towers are one of the most common application areas for biocides in power plants, mining, and chemical facilities is further anticipated to propel the growth of the biocides market.

Increase in the Product Demand in Medical Industry

The medical business is expanding as a result of increased consumer awareness of health and hygiene. This, together with economic growth, is encouraging manufacturers to use new technologies in developing medical solutions is further contributing the market growth.

Growing Demand from Paints and Coatings Industry

The market is being driven by the growth of the paints and coatings market. The product is used to protect the painted surface against microbial contamination such as fungal or bacterial growth caused by air pollution and exposure to the outside environment in this sector

Opportunities

In addition, the growing attention on government on the consumption of clean water is further estimated to provide potential opportunities for the growth of the biocides market in the coming years.

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Restraints/Challenges Global Biocides Market

On the other hand, the environmental regulations on the toxic biocides is further projected to impede the growth of the biocides market in the targeted period. However, the variations in the raw material prices might further challenge the growth of the biocides market in the near future.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

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