The global biocides market size was estimated to be US$ 7.75 billion in 2020 and is expected to reach US$ 11.1 billion by 2031 at a CAGR of 3.3%.
Biocide alludes to synthetic substances that battle vermin or microorganisms. These are by and large used to curb and kill deleterious living organisms in various forms, namely, microbes, green algae, bugs, and rodents.
Biocides consist different items like sanitizers, wood additives, rodenticides, antifouling substances manufactured for boats, in-can additives, utilized in homes, and public places like clinics and organizations. Additionally, they control sulfate lessening microorganisms and slime entrapping microbes in the process of oil well drilling, along with gas warehousing instrumentation.
Biocides are utilized in wood protection, paints, and coatings and among a few different applications with an expectation to upgrade the strength in the eventual applications. Biocides are additionally utilized in the food business, which helps in the diminishing the odds of food that is prone to rot rapidly. Halogens utilized in water treatment comprise chlorine and fluorine addition to the water reserve, in virtue of its non-harmful nature. Halogen compounds are broadly utilized in water treatment industry as it assists in eliminating natural and artificial debasements, which is anticipated to increase the biocides market value notably.
On fourth July 2017, Evonik presented another sanitizer biocide, going by the name, active Hyprox AS. This new product adheres to the EU standards of Biocidal Products Regulation (EU) 528/2012. It helped the company in reinforcing their essence in Europe alongside boosting their brand authority and recognition.
Corona virus outbreak along with pandemic called for an explicit rise in demand of above cited sanitizing and sterilizing chemical agents worldwide. For example, Clorox, one of the main U.S.- based sanitizer makers, produced about forty million additional products during the main quarter of 2020. This special production was as a result of corona virus cases upsurge.
Utilization in cleaning items is exceptionally benefitted with the accelerated sanitizer production activities post 2020, particularly during the Coronavirus pandemic. Bio-based or regular biocides are probably going to sight an expanded demand in the coming years. Expanding use of petroleum gas in cars, electrical appliances, general activities in the various industries, and water warming applications is postulated to help item demand. Also, financial investments by the merchants in new progressed techniques and computerized arrangements has boomed as a result, fortifying their magnitude. Major players are seen fixated on target clients and expanding incursion has driven third-party endorsement channels. This aspect is speculated to support the biocides market patterns during 2022-2032 forecast period.
Global Biocides Market Value Share Analysis, by Geography (2021)
The report titled “Global Biocides Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Biocides Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Biocides market is segmented on the basis of Product, Application, and region. Based on Product, the Biocides market is segmented into Metallic Compounds, Halogen Compounds, Organic Acid, Organosulfur, Nitrogen, Phenolic, and Others. Based on Application type, the Biocides market is segmented into Food & beverage, Water treatment, Wood preservation, Paints & coatings, Personal Care, Boilers, HVAC, Oil & Gas, and Others.
Based on geography, the Global Biocides Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Biocides Market. Further, market share of prominent companies in the Global Biocides Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Biocides companies. The Global Biocides Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Biocides business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Biocides Market.
The key players of the Global Biocides Market are Troy Corporation, BASF SE, Chemtreat, Inc., Neogen Corporation, Shanghai Zhongxin Yuxiang Chemicals Co. Ltd., Finoric LLC, Iro Group Inc., Hubei Jinghong Chemicals Co. Ltd., Wuxi Honor Shine Chemical Co. Ltd., Lanxess AG, Lonza, Albemarle Corporation, Lubrizol, Solvay SA, and others.
Global Biocides Market Key Segments:
Based on Product
Based on Application Type
By Region
The global Biocides market was worth US$ 11.1 billion in 2020.
The global market for Biocides will most likely expand at over 3.3% CAGR through 2032.
Some key players operating in the Biocides market include Troy Corporation, BASF SE, Chemtreat, Inc., Neogen Corporation, Shanghai Zhongxin Yuxiang Chemicals Co. Ltd., Finoric LLC, Iro Group Inc.
The major applications of Biocides include Metallic Compounds, Halogen Compounds, Organic Acid, Organosulfur, Nitrogen and Phenolic.
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