Global Biocides Market Forecast 2028 - Projected Growth & Opportunities
The global biocides market is anticipated to increase at an impressive rate through 2028. Biocides are substances or products that may be in powder or liquid form, utilized to safeguard the product against unwanted plants, microorganisms, and animals. Biocidal products are applied to shield people and animals from pests like insects or rodents and control viruses and preserve goods, bacteria, and fungi through a chemical or biological action to preserve goods, such as wood preservatives, disinfectants, and insect repellents. This in turn is expected to positively influence the market growth of biocides in the coming years.
Increasing water treatment and demand from the healthcare industry are some of the primary factors driving the biocide market. Apart from this, growing demand for triacetin, undecylenic, resorcinol, and other food and personal care products for producing their final goods like toothpaste, mouthwashes, deodorants, shaving gels, among others is further expected to drive the growth of global biocides market.
Rising Demand for Biocides in Water Treatment
Rising cases of waterborne diseases among the population have led to an increase in demand for treated water. Notably, many wastewater treatment facilities in coastal regions include a final sterilization stage with chlorine. Moreover, the toxic by-products' effects on marine life and the removal of non-pathogenic bacterial indications of faucal pollution made this method be questioned more frequently. Viruses and protozoa with more excellent resistance persist; they could still spread outbreaks to anyone who swims or consumes seafood, thereby increasing the requirement for water treatment. The role of biocides as a potential water treatment option is expected to create lucrative opportunities for market growth in the coming years.
Increasing demand from various End User Industries
The antibacterial characteristics of biocides have increased their applications in various end-user industries such as food & personal care products, water treatment, cleaning products, paint &painting, clothing & textile, furniture & furnishings, and leather & suede, among others. In the clothing & textile sector, antibacterial substances like Triclosan, dichlorophen, Kathon893, Hexa-chlorophenol, triclocarban, and Kathon CG are applied to apparel products to prevent unpleasant odors caused by sweat breakdown. Same as in food & personal care products, Triclosan is used to produce different products such as toothpaste and deodorant as a disinfectant. Apart from these, biocides are used in feed preservation to provide them protection against the corrosion caused by microorganisms.
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The global biocides market is witnessing a lot of developments in the form of mergers & acquisitions, collaborations & partnerships, new product launches, and exploring new application areas, among others. This in turn is expected to create new opportunities for the growth of the global biocides market in the coming years. Some of the recent developments include:
- In July 2022, LANXESS AG acquired the microbial control business unit of a US-based company, International Flavors & Fragrances Inc. This acquisition will help LANXESS in strengthening its biocidal active substances portfolio.
- In January 2022, Veolia Group acquired Suez and helped Veolia Group in increasing its market positioning in the biocides market.
The global Biocides market is segmented based on grade, type, and end user. Based on grade, the market is categorized into food grade, pharmaceutical grade, and industrial grade. Based on type, the market is fragmented into halogen grades, metallic grades, phenolic, and organic acids. Based on end-user, the market is segmented into food and personal care products, water treatment, cleaning & disinfection products, paints & coatings, clothing & textile, and others.
Clariant AG, Lonza Group AG, ICL Group LTD, BASF SE, Dow Chemical Company, Troy Corporation, Ecolab USA Inc., Albemarle Corporation, Solvay SA, and Lanxess AG are some of the major players operating in the global biocides market.
2018 – 2021
2024 – 2028
Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2024-2028
Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends
North America; Europe; Asia Pacific; South America; Middle East & Africa
United States; Canada; Mexico; Germany; France; United Kingdom; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia.
Key companies profiled
Clariant AG, Lonza Group AG, ICL Group LTD, BASF SE, Dow Chemical Company, Troy Corporation, Ecolab USA Inc., Albemarle Corporation, Solvay SA, Lanxess AG
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In this report, the global biocides market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Biocides Market, By Grade:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- Global Biocides Market, By Type:
- Halogen Grades
- Metallic Grades
- Organic Acid
- Global Biocides Market, By End User:
- Food and Personal Care Products
- Water Treatment
- Cleaning & Disinfection Products
- Paints & Coatings
- Clothing & Textile
- Global Biocides Market, By Region:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
Company Profiles: Detailed analysis of the major companies present in the global biocides market.
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