Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

North America and the Asia Pacific Regions to be the Major Growth Driving Markets in the Biocides Industry

The market in North America is expected to witness a robust growth in the coming years owing to the rapid shift towards natural gas solutions as biocides are used in the upstream and downstream operations of natural gas. The increased use of natural gas in automobiles, manufacturing, and water heating applications is likely to further boost the product demand. Industry players in North America are trying to capitalise on emerging trends in the market by adopting environmentally friendly and sustainability measures to strengthen brand image. Furthermore, the growing adoption of cleaner alternatives by consumers is likely to further accelerate the natural gas demand, thus, boosting the biocides industry revenue.

 

The Asia Pacific market for biocides is also expected to present lucrative growth opportunities in the market due to the increasing demand for the product as a smoothening agent in the cosmetics industry. The regional market is also being driven by the presence of a high population in China and India, which is boosting the demand for the product in the region. The growing demand for biocides as an ingredient in various chemical industries is another factor propelling the market ahead in the regions.

 

Growing Demand for Biocides from the Water Treatment Segment to Boost the Market Growth

The global market for biocides is expected to be driven by the rising use of biocides in the water treatment segment, owing to the increased awareness of water quality standards. Some of the common halogens used in the treatment of water are chlorine and fluorine due to their non-toxic characteristic. Halogen biocides do not react with impurities to produce harmful substances and also do not affect the taste and odour of water, thus, propelling their increased adoption. Strict regulations by governments regarding water treatment and awareness about water purification among individuals is likely to boost the demand for biocides in the forecast period. The cleaning products segment is also going to witness a significant growth in the forecast period due to the large-scale production of products like disinfectants, sanitisers, and sterilant. Biocides are also widely being used in the manufacturing segment, along with the coats and paintings and cosmetics industries. These factors are expected to propel the market growth of biocides in the coming years.

 

Biocides Market Report Snapshots

Biocides Market Size

Biocides Market Growth

Biocides Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.0% between 2024 and 2032.

The major drivers of the market include the strict regulations by governments, large-scale production of products like disinfectants, sanitisers, and sterilant, rapid shift towards natural gas solutions, increased use of natural gas in automobiles, and increasing demand for smoothening agents in the cosmetics industry.

The rising use of biocides in the water treatment segment, and the increased awareness of water quality standards are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The market can be classified on the basis of product into halogen compounds, metallic compounds, organosulfur, organic acids, phenolics, and nitrogen, among others.

Biocides finds application in water treatment, food and beverages, home and personal care, wood preservation, paints and coatings, construction, oil and gas, and pharmaceutical, among others.

The major players in the industry are BASF SE, Solvay SA, Nouryon Chemicals Holding B.V., Lanxess AG, Clariant AG, Troy Corporation, and Lonza Group AG, among others.

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