According to the report by Expert Market Research (EMR), the global biocides market is projected to grow at a CAGR of 4% between 2024 and 2032. Aided by their widespread applications across various industries and the rising awareness about hygiene and sanitation, the market is expected to grow significantly by 2032.
Biocides are chemical substances or microorganisms intended to deter, render harmless, or exert a controlling effect on any harmful organism by chemical or biological means. They are crucial in a wide array of applications, from water treatment to the preservation of industrial products. Biocides can be classified into various types, such as disinfectants and antiseptics, preservatives, pest control, and others, each serving a unique purpose in different sectors.
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The global biocides market demand is experiencing a surge, primarily due to the increasing need for water treatment and the growing concerns regarding industrial biofouling. With the escalation in industrial activities, the requirement for effective water treatment solutions to ensure safe and clean water has become paramount. Biocides play a vital role in this process, as they effectively eliminate harmful microorganisms and pathogens from water, making it suitable for various uses.
Additionally, the rising awareness of health and hygiene, especially in the wake of the recent global health crises, has significantly boosted the demand for biocides. Their application in disinfectants and sanitisers for personal and industrial use has seen a considerable uptick, further propelling biocides market growth.
Biocides find extensive applications across various industries, making them indispensable in many sectors. In the agricultural sector, they are used as pesticides and herbicides, contributing to crop protection and yield enhancement. The food and beverage industry relies on biocides for the preservation of food products and maintaining hygiene standards.
In the industrial sphere, biocides are essential in preventing biofouling in water systems, pipelines, and industrial equipment, thus ensuring operational efficiency and longevity of machinery. Furthermore, their use in the paint and coatings industry as preservatives to prevent microbial growth has witnessed substantial growth.
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The global market for biocides is geographically diverse, with significant contributions from regions such as North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. North America currently accounts for a significant portion of the biocides market share, attributed to its advanced industrial sector and stringent hygiene standards. However, the Asia Pacific region is expected to experience the fastest growth during the forecast period, driven by rapid industrialisation and the increasing adoption of biocides in various applications.
Biocides Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Halogen Compounds
- Metallic Compounds
- Organosulphur
- Organic Acids
- Phenolics
- Nitrogen
- Others
Market Breakup by Application
- Water Treatment
- Food and Beverages
- Home and Personal Care
- Wood Preservation
- Paints and Coatings
- Construction
- Oil and Gas
- Pharmaceutical
- 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 biocides market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF SE
- Solvay SA
- Nouryon Chemicals Holding B.V.
- Lanxess AG
- Clariant AG
- Troy Corporation
- Lonza Group AG
- Others
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