The biocides market is valued at 15.57 in 2022 and is expected to reach 23.19 in 2028 with a CAGR of 7.32% from 2023-2028
Biocides are products or chemicals that fight parasites or microorganisms. These are generally used to control and kill harmful and unwanted organisms like mold, bacteria, algae, insects, and rodents. Biocides represent various products such as disinfectants, wood preservatives, rodenticides, anti-fouling agents (in ships), and canned preservatives, used in homes and public places such as hospitals and industries. Despite regulatory pressures, the reduction in the number of biocides according to their concentrations in the final products, carefully selected mixtures of biocidal active substances in optimal proportions, as well as new technical advances, can provide improved preservation solutions without having to need precautionary labeling.
Biocide Market Trends:
Biocides are used in water treatment to kill microbes. Water towers are ideal places for the growth of biological organisms, such as bacteria, algae, fungi, sulfate-reducing bacteria, and protozoa. Left unchecked, they form a layer of bio-silt which acts as a natural adhesive surface for scale formation, which can reduce the efficiency of the cooling system. In order for water systems to function at their optimum efficiency, biocides are added to the water to remove sludge, microbiological scale, and biofilm from these systems. These chemicals are widely used in cooling towers, spas and swimming pools, wastewater treatment, and industrial wastewater treatment. Biocides are also used in water cleaning programs to control biological contamination on reverse osmosis membranes. These biocides are used before the reverse osmosis system, to regulate the big growth in the membrane The paints and coatings industry, which is experiencing upheaval due to the lead component in paints, has increased in strength with the advent of powder coatings.
This has further expanded the scope of biocides in the paint and coatings industry with a new emerging front. As the powder coatings market is growing at a CAGR of 6.10% through 2026, it is a major growth driver for the demand of the biocides market. With automotive OEMs drifting towards powder-form coatings due to economical and labor-efficient efficiency, this segment is a mega trend and has a positive impact on the market. Modern constructions with complex designs that adopt molded glass and polymers, due to their flexibility and lightness properties. This has increased the application of adhesives and sealants that are more vulnerable to microbial attack in complex engineering infrastructures equipped with glass and polymers. As a result, the growing demand for adhesives and sealants in the construction industry is driving the application of canned preservatives and dry film fungicides, positively influencing the size of the biocides market. Likewise, the lightweight automotive trend has prompted automotive original equipment manufacturers (OEMs) to switch to polymers for manufacturing. automotive equipment. As glass and plastic add aesthetic feasibility and flexibility to automotive design, adhesives, and sealants are widely adopted by players in the electric vehicle (EV) market.
Biocide Market Drivers:
The market is driven by the growing demand for water treatment plants in countries in the Middle East and Africa, as well as the growing demand from the food industry. Biocides also find a wide range of applications in a wide range of products, such as antimicrobial coatings and the food and pulp industry. Hence, the emerging applications of biocides are another important factor that is expected to drive the growth of the global biocides market during the forecast period. In addition, the increased need for agrochemicals due to the increased demand for high-quality pest-free crops is another key aspect of the growth of the global market.
Biocide Market Restraints:
The market growth is restrained by environmental issues due to the usage of chlorine.
Opportunities in the Biocide Market:
The growing awareness of the agricultural sector globally is likely to provide an opportunity for the biocides market during the forecast period. Developed countries/regions like the United States and the European Union with stricter environmental regulations and standards are expected to offer lucrative opportunities for green or bio-based products.
Challenges in the Biocide Market:
Environmental regulations on toxic biocides and variations in raw material prices are expected to challenge the market growth during the forecast period. Also, a lack of complete knowledge in the utilization of the materials in an effective way is a big challenge for the market players.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
223-2028 |
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CAGR |
7.32% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Troy Corporation, DowDuPont Inc., Thor Specialities, Ashland Inc., Arch Chemicals, BASF SE, Akzo Nobel N.V, Champion Technology Services, Inc.Lanxess, Albemarle Corporation.AkzoNobel N.V. |
By Type:
The halogen-based biocides segment holds the largest market share, due to increased demand from the oil and gas, chemicals, pulp and paper, and other industries. Furthermore, the increased awareness of waterborne diseases increases the demand for treated water, which in turn drives the growth of the Biocides market for halogen-based biocides during the forecast period.
End-Use Industry:
The agriculture segment obtained the largest market share. This is attributed to an increased demand for crop protection and improvement applications in the agricultural sector. Moreover, the increased awareness of the farmers of biocides is boosting the growth of the biocides market during the forecast period.
The Biocide Market Report includes the segmentation of Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The Asia-Pacific region is expected to register the highest market growth between 2021 and 2026. The growing end-user industry is the main market driver in the region. Europe is expected to experience slow growth during the forecast period due to strict environmental regulations in the region. In addition, food safety regulations are also strict in the region, making it difficult to market preservatives in the food segment. The growing demand from the water treatment segment, coupled with the growing demand from the revival of the construction industry, is driving the biocides market in North America. In response to the aging of existing water and wastewater treatment units in the country, the United States Environmental Protection Agency (USEPA) is focusing on improving water services and sanitation, particularly in the treatment of municipal wastewater. In addition, USEPA has also focused on providing safe drinking water and operates a fund called the State Clean Water Revolving Fund, which funds environmental compliance to meet infrastructure needs. In addition to funds, the government also encourages private investment in water and wastewater treatment. The demand for paints and coatings has increased in construction, with increased construction costs in the non-residential sector, thus increasing consumption. Hence, these growing end-user industries are expected to drive the biocides market during the forecast period.
The current COVID-19 pandemic scenario has led people to look into public health and safety conditions. This has led to an increase in the demand for disinfectants. Products are flying off the shelves as they are stored and manufacturers have started mass production to meet consumer needs. The demand for biocides has increased exponentially and the market will experience constant demand for years to come.
Biocide Market Key Players:
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