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  • Biocides Market Growth Analysis | 2022-2028

    Biocides Market Growth Analysis | 2022-2028

    Biocides Market Growth Analysis | 2022-2028
    Report code - SRAM436 Delivery - 2 Weeks
    Biocides Market Size, Share, Trends, Forecast, & Growth Analysis - 2022-2028
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    Market Insights

    The biocides market was estimated at USD 11.16 billion in 2022 and is likely to grow at a CAGR of 4.74% during 2022-2028 to reach USD 14.74 billion in 2028.

    Biocides-Market-Insights

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    What are biocides?

    A biocide is a microorganism or an active substance that is intended to destroy, inactivate, or exert the controlling effect on harmful microorganisms which can cause damage to natural or manufactured materials, by chemical or biological synthesis, and exhibit excellent features such as high cleansing action, nontoxic nature, and high resonance with solvents making it compatible for various end-use industries.

    Biocides Market Report Highlights

    Market Size in 2022

    US$ 11.16 Billion

    Market Size in 2028

    US$ 14.74 Billion

    Market Growth by 2022-2028

    4.74% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Dominant Region

    North America held a market share of more than 30% of the market in 2021.

    Market Dynamics

    The prime factors that are contributing to the growth of the global market are-

    • The use of biocides in manufacturing soaps, cleansing conditioners, and face wash as preservatives and antimicrobial agents.
    • Consumers’ preferences are rapidly shifting towards high-quality ingredients with sanitizing and cleansing features for protecting themselves from any kind of skin infection.
    • Other factors such as the adoption of high-quality biocide solutions by cosmetic industry players in manufacturing cosmetic products attributed to the growing competition in the industry.
    • Rapid growth in the number of engaged manufacturers in the development of new products is expected to fuel the growth of the market during the forecast period.

    Biocides-Market-Dynamics

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    Key Players

    Some of the major players in the market are-

    • AkzoNobel
    • Albemarle Corporation
    • Baker Hughes Incorporated
    • BASF SE
    • BWA Water Additives
    • Lonza
    • Nalco Champion
    • Solvay S.A.
    • The Lubrizol Corporation
    • Valtris Specialty Chemicals.

    Segments Analysis

    By Product Type

    The biocides market is segmented into halogen compounds, metallic compounds, organosulfurs, organic acids, phenolics, nitrogen, and others. Halogen Compounds hold a market share of more than 20% of the market in 2021 and is estimated to be the major product type during the forecast period. The growth of this segment is attributed to their extensive usage in the water treatment industry owing to the growing awareness of water quality standards, as it helps in eliminating organic and synthetic impurities, fueling the product demand in the market.

    By Application Type

    The market is segmented as water treatment, food & beverage, personal care, wood preservation, paints & coatings, HVAC, boilers, oil & gas, fuels, and others. Paints & Coatings application is held a market share of more than 25% of the market in 2021 and is estimated to witness a significant growth rate over the forecast period. The growth of the segment is bolstered by the strict sanitary rules in the food & beverage sector. Factors such as rapid adoption of high-quality ingredients by the fast food industry players in an attempt to boost their brand image and enhance hygiene conditions for getting better ratings, growing concerns on bacterial & viral infections, and rise in demand for quick-acting and high-performance solutions, which are used in cleaning utensils made from iron, Teflon, stainless steel, and also helps in minimizing the contamination of food, are expected to fuel the growth of the market during the forecast period.

    Regional Insights

    North America held a market share of more than 30% of the market in 2021 and is estimated to witness a high growth rate in the market during the forecast period. This growth is attributed to the rapid shift towards natural gas solutions. Natural gas is the cleanest fossil fuel which is utilized in upstream & downstream operations, and also used in various stages of production, whether in extraction, transmission, or storage. Factors such as the growing applications of natural gas in automobile, electrical, manufacturing, general, and water heating applications, the attempt of industry players to capitalize on emerging trends in the market by fueling eco-friendly and sustainable methods for strengthening brand image, and growing adoption of cleaner alternatives by customers, are expected to accelerate the natural gas demand, thereby fueling the growth of the biocides market during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Biocides-Market-Regional-Insights

    To know which region offers the best growth opportunitiesClick Here.

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market? 
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The biocides market is segmented into the following categories.

    By Product Type

    • Halogen Compounds
    • Metallic Compounds
    • Organosulfurs
    • Organic Acids
    • Phenolics
    • Nitrogen
    • Others

    By Application Type

    • Water Treatment
    • Food & Beverage
    • Personal Care
    • Wood Preservation
    • Paints & Coatings
    • HVAC
    • Boilers
    • Oil & Gas
    • Fuels
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Biocides-Market-Segmentation

    Click Here, to learn the market segmentation details.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Biocides Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Biocide is a microorganism or an active substance that is intended to destroy, inactivate, or exert a controlling effect on harmful microorganisms which can cause damage to natural or manufactured materials, by chemical or biological synthesis, and exhibit excellent features such as high cleansing action, nontoxic nature, and high resonance with solvents making it compatible for various end-use industries.

    The biocides market was estimated at USD 11.16 billion in 2022.

    The biocides market is likely to reach USD 14.74 billion in 2028.

    The biocides market is likely to grow at a CAGR of 4.74% during 2022-2028.

    Some of the major players in the market are - AkzoNobel, Albemarle Corporation, Baker Hughes Incorporated, BASF SE, BWA Water Additives, Lonza, Nalco Champion, Solvay S.A., The Lubrizol Corporation, Valtris Specialty Chemicals.

    North America held a market share of more than 30% of the market in 2021.

    The use of biocides in manufacturing soaps, cleansing conditioners, and face wash as preservatives and antimicrobial agents, is one of the factors, likely to accelerate the product demand in the market as consumers preferences are rapidly shifting towards high-quality ingredients with sanitizing and cleansing features for protecting themselves from any kind of skin infection. Further, other factors such as the adoption of high-quality biocide solutions by cosmetic industry players in manufacturing cosmetic products attributed to the growing competition in the industry, and rapid growth in the numbers of engaged manufacturers in the development of new products is expected to fuel the growth of the market during the forecast period.

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