[227+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Biocides Market size & share revenue was valued at around US$ 10,821.05 million in 2021 and is estimated to grow to about US$ 13,327.09 million by 2028, at a CAGR of approximately 3.8% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Lonza AG (Bain Capital and Cinven) (Switzerland), DuPont (IFF) (US), LANXESS (Germany), Ecolab Inc. (US), BASF SE (Germany), Kemira OJY (Finland), Solvay (Belgium), Nouryon (Netherlands), Solenis (US), Veolia (France), Thor Industries (US), Sigura Water (US), Italmatch chemicals (Italy), and others.

NEW YORK, NY, June 23, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Biocides Market By Type (Oxidizing Biocides, Non-Oxidizing Biocides, Others), By Application (Water Treatment, Household & Personal Care, Paints & Coatings, Wood Preservatives, Other Biocides), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Biocides Market size & share in terms of revenue was valued at USD 10,821.05 million in 2021 and it is expected to surpass around USD 13,327.09 million mark, by 2028, growing at a compound annual growth rate (CAGR) of about 3.8% during the forecast period 2022 to 2028.”

What are Biocides? How big is the Biocides Industry?

Market Overview:

A biocide is a microorganism or chemical product that is designed to render, discourage, eliminate, or control hazardous germs through biological or chemical synthesis. Its properties such as excellent cleansing action, nontoxicity, and high resonance with solvents make it suitable for a wide range of end industries. Continuous R&D investments, the creation of synergic chemistries for product diversity, innovation, improved performance, and application expansion may all be linked to the company's growth. Developed countries/regions with stricter rules and environmental standards, such as the United States and the European Union, are likely to present profitable prospects for environmentally friendly or bio-based products.

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Report Scope

Report Attribute	Details
Market Size in 2021	USD 10,821.05 Million
Projected Market Size in 2028	USD 13,327.09 Million
CAGR Growth Rate	3.8% CAGR
Base Year	2021
Forecast Years	2022-2028
Key Market Players	Lonza AG (Bain Capital and Cinven) (Switzerland), DuPont (IFF) (US), LANXESS (Germany), Ecolab Inc. (US), BASF SE (Germany), Kemira OJY (Finland), Solvay (Belgium), Nouryon (Netherlands), Solenis (US), Veolia (France), Thor Industries (US), Sigura Water (US), Italmatch chemicals (Italy), Albemarle Corporation (US), ICL Group (Israel), Accepta Water Treatment (UK), Buckman Laboratories Interanational Inc. (US), B&V Chemicals (UK), Kimberlite Chemicals (Singapore), Kurita Water Industries (Japan), Melzer Chemicals Pvt. Ltd. (India), Momar Inc. (US), Ozone Tech Systems (Sweden), Chemicrea Inc (China), and Others
Key Segment	By Type, Application, and Region
Major Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Global Biocides Market: Growth Factors

• Growing demand for effective wastewater treatment solutions and clean and potable water

The global biocides market is being driven primarily by the increasing demand for effective wastewater treatment solutions, as well as the rising demand for clean and potable water. Biocides help to keep bacterial and algal contamination at bay in municipal drinking water systems, pool piping, and industrial water treatment systems. Additionally, the extensive use of biocides in the production of cleaning agents is propelling market expansion. They are particularly effective against grease, oil, germs, and pathogens and help to keep enclosed places clean. In line with this, the use of biocides in water-based paints and coatings to inhibit fungal or microbial growth on painted surfaces is also fuelling market expansion. Various product advances, such as the creation of environmentally acceptable halogen biocides, are also working as growth stimulants.

Other factors, such as growing industrialization and significant research and development (R&D), are expected to boost the market even more. With the increased population, scarce water resources must be used sustainably and made drinkable. Furthermore, wastewater must be cleaned because 80% of effluent ends up in the seas, rivers, lakes, and ponds untreated. This is driving the market growth in the coming years. The Biocides market is being hampered by limiting factors such as high manufacturing and registration costs, as well as the regulatory framework for biocidal products.

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Biocides Market: Segmentation Analysis

The global biocides market is segregated based on type, and application.

In terms of type, oxidizing biocides are expected to be the fastest-growing kind in the Biocides market. Oxidizing biocides are substances that kill bacteria via the electrochemical process of oxidation. During the oxidation process, the biocide gains one electron from the bacteria, and this electron loss kills the organism. Oxidizing biocides perform best in systems that use a lot of water. Chlorine, bromine, iodine, chlorine dioxide, ozone, hydrogen peroxide, sodium chlorite, calcium hypochlorite, sodium hypochlorite, peracetic acids, hypobromous acid, and sodium bromide are the most common oxidizing biocides used in water treatment. They're less expensive than non-oxidizing biocides, and oxidizing biocides are widely employed in water treatment, according to industry experts.

In terms of application, the major application for the biocide market was household and personal care. In the forecast period, the biocides market size for household and personal care applications stood for the greatest part of worldwide biocides in terms of value, owing to the rapid rise in disinfectant demand caused by the pandemic. Health hygiene and awareness increased the demand for biocides in household and personal care products such as triclosan, isothiazolinones, chloroacetimide bronopol, and others.

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Competitive Landscape

Some of the main competitors dominating the global biocides market include - 

• Lonza AG (Bain Capital and Cinven) (Switzerland)
• DuPont (IFF) (US)
• LANXESS (Germany)
• Ecolab Inc. (US)
• BASF SE (Germany)
• Kemira OJY (Finland)
• Solvay (Belgium)
• Nouryon (Netherlands)
• Solenis (US)
• Veolia (France)
• Thor Industries (US)
• Sigura Water (US)
• Italmatch chemicals (Italy)
• Albemarle Corporation (US)
• ICL Group (Israel)
• Accepta Water Treatment (UK)
• Buckman Laboratories Interanational Inc. (US)
• B&V Chemicals (UK)
• Kimberlite Chemicals (Singapore)
• Kurita Water Industries (Japan)
• Melzer Chemicals Pvt. Ltd. (India)
• Momar Inc. (US)
• Ozone Tech Systems (Sweden)
• Chemicrea Inc (China)

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the global biocides market is likely to expand at a CAGR of around 3.8% during the forecast period (2022-2028).
• In terms of revenue, the global biocides market was valued at around US$ 10,821.05 million in 2021 and is projected to reach US$ 13,327.09 million, by 2028.
• Based on type segment, the oxidizing biocides are predicted to be the fastest-growing type in the biocides market.
• Based on application segment, the paints and coatings application sector had the highest revenue share in the forecast period and is expected to continue its lead throughout the projected period.
• On the basis of region, the Asia Pacific is expected to contribute the most value to the global market over the projected timeframe.

Key questions answered in this report:

• What is the market size and growth rate forecast for Biocides industry?
• What are the main driving factors propelling the Biocides Market forward?
• What are the leading companies in the Biocides Industry?
• What segments does the Biocides Market cover?
• How can I receive a free copy of the Biocides Market sample report and company profiles?

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Biocides Market: COVID-19 Impact Analysis

Due of the COVID-19 epidemic's financial losses, the biocides market faced major obstacles. The market's industrial operations, including the manufacturing process, the production process, and other processes, were suspended when the government issued a lockdown. The supply chain operation was hampered when the sales rate was hindered. The market experienced a spike in demand from end users in the days after the lockdown was lifted. Due of their adaptability, biocides have a variety of uses.

Because killing dangerous bacteria is the primary function of biocides, demand for them grew throughout this time. The public and industrial sectors employed a range of disinfectant treatments to stop the virus's spread. As a result, the market is probably going to expand quickly in the coming years.

Regional Dominance:

APAC is the largest biocide market. The APAC region's growth is being driven mostly by expanding local demand and rising exports to Western markets. The market in this area is being driven by rising demand for biocide products in the water treatment, household & personal care, paints & coatings, and food & beverage industries. China has the largest market share in the APAC area for biocides.

The Chinese chemicals market has grown as a labor-intensive, high-technology business that produces at a low operating cost and makes use of economies of scale. These policies have resulted in the Chinese manufacturing industry seeing exponential expansion, resulting in a large trade surplus for the country each year.

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The global biocides market is segmented as follows:

By Type

• Oxidizing Biocides
• Non-Oxidizing Biocides
• Others

By Application

• Water Treatment
• Household & Personal Care
• Paints & Coatings
• Wood Preservatives
• Other Biocides

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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