Global Speciality Biocides Market Outlook
According to a new report by Expert Market Research titled “Global Speciality Biocides Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global speciality biocides market is projected to grow at a CAGR of more than 4.8% between 2024 and 2032. Aided by the rising demand for wastewater treatment and burgeoning construction industry, the market is expected to grow significantly by 2032.
Speciality biocides are unique chemical or microorganisms designed to deter, render harmless, or exert a controlling effect on any harmful organism by chemical or biological means. These agents find their use in a plethora of products and services where microbial activity can cause problems, especially in water treatments, personal care products, and the preservation of paints and coatings.
Growing demand for environmentally friendly solutions is one of the major speciality biocides market trends. As industries strive to reduce their carbon footprint and achieve sustainable operation, there is a heightened demand for green biocides, which are effective in performance yet minimally impactful on the environment.
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The packaging industry, with its emphasis on ensuring the longevity of perishable items, especially in food packaging, has also switched to these biocides. Their addition ensures that food products remain uncontaminated, fresh, and safe for consumption for extended periods.
Furthermore, the burgeoning construction industry worldwide has bolstered the speciality biocides market demand. The materials used in construction, particularly wood and paints, often require protection from fungi, algae, and various bacteria, ensuring durability and longevity. Speciality biocides play a pivotal role in safeguarding these materials, ensuring the integrity and longevity of structures.
A thorough speciality biocides market analysis reveals that the water treatment sector significantly influences market dynamics. As the need for clean water continues to increase, especially in developing economies, treating water to make it suitable for consumption and industrial usage has gained importance. Speciality biocides are integral in these treatments, ensuring that water remains free from harmful pathogens and other microorganisms.
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The personal care sector is another key segment fuelling the speciality biocides market growth. The modern consumer is well-informed and places immense emphasis on hygiene and wellness. Products ranging from shampoos to hand sanitizers and creams incorporate biocides to ensure they remain free from microbial contamination during their shelf life.
Global Speciality Biocides Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Nitrogen
- Inorganics
- Organosulphur
- Organic Acid
- Phenolics
- Metallic Compounds
- Others
Market Breakup by Application
- Water Treatment
- Wood Preservation
- Hygiene and Disinfectants
- Paints and Coatings
- Food and Beverage
- Personal Care
- Antifouling
- Oil and Gas
- Agriculture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global speciality biocides market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF SE [BAS(ETR)]
- Clariant International Ltd. [JEC Group.]
- Lonza Group AG [LONN(SWX)]
- Nouryon
- Thor Group Ltd.
- Others
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