Biocides Market

Biocides Market Analysis and Forecast by Product, End-use, Region, and Country, 2023–2023

The top three revenue streams for manufacturers of biocides continue to be those in the healthcare, pharmaceutical, and biotechnology sectors. Find Key Opportunities in More Than 30 Countries.

Category: Chemicals & Materials Published Date : Sep-23 ID: CVC0109 Format: PDF Pages: 300

Biocides Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global biocides market will grow at a 4.9% CAGR during the period 2023–2033 to reach a valuation of US $13481.5 million by 2033.

Key Findings on the Biocides Market

1. Which is the largest market for biocides?

The biggest market for biocides is Europe. As per our analysis, Europe holds nearly 27% share of the biocides market.

2. What is the largest end-use segment within the biocides market?

As per ChemView Consulting, the largest segment by end-use is water treatment. As per our analysis, this segment accounts for nearly 35.7% of total revenues.

3. At what rate is the biocides market expected to grow?

The biocides market is expected to grow at a CAGR of 4.9% during the period 2023–2033.

4. What are the major trends influencing the biocides market?

  • Growing Industrialization and Urbanization: The rise of industry and urban areas increases the demand for biocides to limit microbial growth in production processes, buildings, and infrastructure. This trend is especially noticeable in emerging economies.
  • Food Safety and Preservation: Biocides play an important role in preserving the quality and safety of food products by avoiding microbial infection and decomposition. Consumer demand for longer shelf life and safer food items is pushing research into biocide-based food preservation methods.

5. Who are the leading players in the biocides market?

The key companies in the biocides market are Chetrit, Inc., ECHA, Troy Corp., BASF SE, Veolia Water Technologies, Solvay SA, Albemarle Corporation, Lubrizol Corporation, Finoric LLc., and Iro Group Inc.

Key Drivers for Biocides Demand

  • The increased awareness of health and hygiene, especially in the wake of global health crises, has resulted in a surge in demand for effective disinfection and microbial control solutions. Thus, biocides are widely used in industries like healthcare, food & beverage, and pharmaceuticals to assure safe environments and products.
  • In addition, industrial activities frequently create conditions that are favourable for the development of dangerous bacteria. As industrial activities expand, the demand for effective biocidal products in industries such as oil and gas, pulp and paper, and textiles grows. Biocides aid in the prevention of microbial-induced deterioration and contamination, resulting in improved operational efficiency and product quality.

Key Challenges Inhibiting Demand for Biocides

  • Growing public awareness of biocides’ environmental impact, especially their ability to kill non-target organisms and accumulate in ecosystems, may impede market expansion. Increased emphasis on sustainability and green alternatives could give rise to a shift in customer preferences towards more environmentally friendly options, affecting demand for traditional biocides.

Key Challenges & Opportunities for Biocides Manufacturers

  • Developing new biocidal formulations or refining current ones necessitates a large investment in research and development. Thus, manufacturers need to continuously invest in order to remain at the forefront of innovation.
  • However, collaboration with research organisations, universities, and other industrial players can result in the exchange of ideas and expertise. Partnerships can help accelerate the development of innovative biocides and provide access to larger markets through established distribution networks.

Country/Region-wise Insights

US Biocides Market Forecast

  • A growing awareness of the need to maintain cleanliness and prevent microbiological contamination in a variety of industries in the US market is projected to observe significant growth?in the estimated period.
  • Additionally, the increased focus on maintaining product quality and shelf life, coupled with the rising demand for improved disinfection treatments, all support the positive outlook for the biocides market.

Europe Biocides Market Outlook

  • Strict laws encouraging the use of eco-friendly and effective biocides in the Europe market are anticipated to drive sales in the market over the assessment period. The Europe biocides market is likely to account for 27% of the total market share.?
  • Moreover, the continuous research and development projects aimed at developing modern and new biocide formulations also support the market’s growth potential.

Japan Biocides Market Forecast

  • The increased focus on water treatment and disinfection procedures in Japan market is anticipated to drive the market over the forecasted period.
  • In addition, stringent rules limiting the use of antimicrobial agents are accelerating research and development activities in the biocides sector, resulting in the launch of novel and eco-friendly solutions that are expected to boost the market growth.

China & India Biocides Market Forecast

  • Rapid urbanisation, industrialization, and population growth in the China & India market are anticipated to fuel the market over the forecast period.
  • Moreover, regulatory changes and shifting consumer preferences have increased awareness of the necessity of hygiene and sanitation, boosting demand for biocides in a variety of applications.

Biocides Market Outlook & Forecast by Segmentation

By Product

Based on product, the halogen compounds segment is expected to remain at the forefront of biocides market share over the assessment period. The growth is mainly because halogen compounds are particularly effective against a variety of pathogens, including bacteria, viruses, fungus, and algae, and they possess strong antibacterial characteristics. Their capacity to disrupt cellular activities and limit organism growth is the main reason for their usage in biocidal applications.

Moreover, many halogen compounds have a high degree of chemical stability and are resistant to changes in temperature and pH. This stability ensures their capacity to remain effective over time, which is essential for long-term microbial control.

By End-use

Based on end-use industry, the water treatment segment is set to account for 35.7% of the biocides market share over the assessment period. The growth is mainly because the need for clean water is continually rising owing to population growth and increasing awareness of the significance of healthy drinking water. This increases the need for effective water treatment methods, such as biocides, to preserve water quality.

Additionally, governments and regulatory agencies all around the world are enforcing stronger water quality and safety laws and requirements. This has resulted in the use of more modern water treatment processes, such as biocides, to ensure compliance with these requirements.

Which Company Owns the Largest Share in the Biocides Market?

The key companies in the biocides market are Chetrit, Inc., ECHA, Troy Corp., BASF SE, Veolia Water Technologies, Solvay SA, Albemarle Corporation, Lubrizol Corporation, Finoric LLc., and Iro Group Inc.

Recent Developments:

  • In August 2022, Veolia Water Technologies, a water treatment solutions expert, and Bridgnorth Aluminium announced a long-term partnership where Veolia Water will help with water treatment procedures and compliance services at the specialist’s manufacturing facility in Shropshire. For its cooling towers and process water treatment systems, Veolia Water Technologies offers maintenance chemical supplies and Legionella compliance.
  • In April 2022, ECHA, a European Union body that monitors the technical and administrative aspects, verified that a second enforcement initiative (BEF-2, mandate attached) to investigate biocidal items on the EU market. It will apply to products containing both approved and non-approved active ingredients as defined by the Biocidal Products Regulation (BPR).
  • In November 2021, Troy Corp. and Arxada, a producer of biocides and lubricants, announced a merger that will increase both companies’ manufacturing and product portfolios.

As per our analysis, the companies that hold the largest share in the market are

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Founded in 1865 and with headquarters in Ludwigshafen, Germany, and the United Kingdom, it is a multinational corporation and the world’s biggest chemical producer.

Solvay SA

Founded in 1863 and with headquarters in Brussels, Belgium, it is a global chemical corporation.

Lubrizol Corporation

Founded in 1928 and with headquarters in Wickliffe, Ohio, United States, it is a supplier of specialised chemicals to the consumer, industrial, and transportation sectors.

Albemarle Corporation 

Founded in 1994 and with headquarters in Charlotte, North Carolina, United States, it is a manufacturer of specialised chemicals.

Chemtreat, Inc. 

Established in 1968 and headquartered in Richmond, Virginia, it is a global leader in industrial water treatment solutions and technologies, assisting customers in increasing their efficiency and revenue.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

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Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

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The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, every insight designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

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1.1. Research Scope And Premise

1.2. Research Methodology

1.3. Market Estimation

2.1. Summary Snapshot, 2023 - 2033

4.1. Biocides Market Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market Indicators Analysis

4.2.2. Market Drivers Analysis

4.2.3. Market Restraints Analysis

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Etop Analysis

4.6. Porter’s Five Forces Analysis

4.7. Price Trend Analysis

4.8. Customer Mapping

4.9. Global Recession Influence

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2023-2033

5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2023-2033

5.3.1. Halogen Compounds

5.3.2. Metallic Compounds

5.3.3. Organosulfur

5.3.4. Organic acids

5.3.5. Quaternary Ammonium Compounds

5.3.6. Phenolic

5.3.7. Nitrogen

5.3.8. Glutaraldehyde

5.4. Y-o-Y Growth Trends Analysis By Product, 2023- 2033

5.5. Absolute $ Opportunity By Product, 2023- 2033

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2023-2033

6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2023-2033

6.3.1. Water Treatment

6.3.2. Food and Beverage

6.3.3. Personal Care

6.3.4. Wood Preservation

6.3.5. Paints and coatings

6.3.6. Plastics

6.3.7. HVAC

6.3.8. Boilers

6.3.9. Oil and Gas

6.3.10. Fuels

6.3.11. Pulp and Paper

6.3.12. Cleaning Products

6.4. Y-o-Y Growth Trends Analysis By End-use, 2023- 2033

6.5. Absolute $ Opportunity By End-use, 2023- 2033

7.1. Introduction

7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033

7.3.1. North America

7.3.2. Latin America

7.3.3. Western Europe

7.3.4. Eastern Europe

7.3.5. South Asia and Pacific

7.3.6. East Asia

7.3.7. Middle East and Africa

7.4. Market Attractiveness Analysis By Region

8.1. Market Revenue Share By Manufacturers

8.2. Manufacturing Cost Breakdown Analysis

8.3. Mergers & Acquisitions

8.4. Market Positioning

8.5. Strategy Benchmarking

8.6. Vendor Landscape

9.1. Chetrit, Inc.

9.1.1 Company Overview

9.1.2 Financial Performance

9.1.3 Technology Insights

9.1.4 Strategic Initiatives

9.2. ECHA

9.2.1 Company Overview

9.2.2 Financial Performance

9.2.3 Technology Insights

9.2.4 Strategic Initiatives

9.3. Troy Corp

9.3.1 Company Overview

9.3.2 Financial Performance

9.3.3 Technology Insights

9.3.4 Strategic Initiatives

9.4. BASF SE

9.4.1 Company Overview

9.4.2 Financial Performance

9.4.3 Technology Insights

9.4.4 Strategic Initiatives

9.5. Veolia Water Technologies

9.5.1 Company Overview

9.5.2 Financial Performance

9.5.3 Technology Insights

9.5.4 Strategic Initiatives

9.6. Solvay SA

9.6.1 Company Overview

9.6.2 Financial Performance

9.6.3 Technology Insights

9.6.4 Strategic Initiatives

9.7. Albemarle Corporation

9.7.1 Company Overview

9.7.2 Financial Performance

9.7.3 Technology Insights

9.7.4 Strategic Initiatives

9.8. Lubrizol Corporation

9.8.1 Company Overview

9.8.2 Financial Performance

9.8.3 Technology Insights

9.8.4 Strategic Initiatives

9.9. Finoric LLc.

9.9.1 Company Overview

9.9.2 Financial Performance

9.9.3 Technology Insights

9.9.4 Strategic Initiatives

9.10. Iro Group Inc.

9.10.1 Company Overview

9.10.2 Financial Performance

9.10.3 Technology Insights

9.10.4 Strategic Initiatives