Biocides Market Will Grow Exponentially by 2024

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Biocides Market

Global Biocides Market: Overview

Biocides are chemicals that are used to kill organisms when used in adequate proportion and duration. They are used to kill the harmful microorganisms and control fungal and bacterial growth. The industries that mainly use biocides are healthcare, drinking and waste water treatment and consumer goods industry. Additionally, the food and beverage industry use biocides at a sub-lethal level, which act as a preservative to increase the shelf life of the food items. There are different types of biocides available in the market such as metallic compounds, organic acids, halogen compounds, organosulfur, phenolics, and others.

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Global Biocides Market: Segmentation

The global biocides market is segmented into its product type, applications and regions. On the basis of the product type, the biocides market is categorized into halogen compounds, organosulfur, phenolic, metallic compounds, organic acids, nitrogen, and others. Based on the applications where the biocides are used, the global market is segmented as food and beverage, wood preservation, HVAC, oil and gas, water treatment, personal care, paintings and coatings, boilers, fuels and others. The biocides market is regionally diversified into Asia Pacific, North America, Latin America, Europe and the Middle East and Africa.

Global Biocides Market: Growth Factors

The growth in the biocides market is owing to the rise in demand from the end applications such as paints and coatings, personal care and water treatment. As these industries are expanding widely the biocides market will also grow in the coming years. Many countries are adopting the water treatment processes owing to the increasing health awareness demand for clean water has increased thus driving the biocides market. The paints and coatings industry is growing rapidly owing to rapid growth of industrialization and infrastructural development, which will drive the biocides market growth. The food and beverage industry have applications such as disinfecting pipes, equipment, openings and surfaces; hence, the growth in the food and beverage industry will have a positive impact on the biocides market. The halogen biocides dominate the market and the reason behind this demand is the low cost and availability of the raw materials such as bromine, iodine, and chlorine. The metallic compounds are used as disinfectants in water treatment plants and cooling towers. The increasing need for the clean water will fuel the metallic compounds market. The organosulfur exhibit antibacterial and antifungal properties and they are mainly used in the healthcare industry to stop the growth of bacteria and fungus on the metal or plastic surfaces.

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Global Biocides Market: Regional Analysis

The biocides market is dominated by North America. The U.S. is the primary market for biocides in the region. The various end-use industries are driving the market growth in this region especially the water treatment and food and beverage segment. The growing construction industry in the North America is boosting the paints and coatings industry and the wood preservation segments, which in turn is driving the biocides market. The Asia Pacific region is also giving ample share in the biocides market growth.

Global Biocides Market: Competitive Players

Some of the key players in the biocides market are ISP, Ashland, Thor Specialties, AkzoNobel N.V., Clariant AG, Lanxess, Albemarle, The Dow Chemical Company, Lubrizol, Arch Chemicals, Troy Corporation, BASF and Champion Technologies.

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