Global Biocides Market Insights Forecasts to 2033.

• The Global Biocides Market Size was Valued at USD 8.8 Billion in 2023.
• The Market Size is Growing at a CAGR of 3.57% from 2023 to 2033.
• The Worldwide Biocides Market Size is Expected to Reach USD 12.5 Billion by 2033.
• North America is expected to grow the fastest during the forecast period.

The Global Biocides Market Size is Anticipated to Exceed USD 12.5 Billion by 2033, Growing at a CAGR of 3.57% from 2023 to 2033.

Market Overview

Biocides are applied to remove, sterilize, and stop microorganisms such as bacteria, viruses, and fungi. This substance is usually blended with other materials for a variety of uses in the paints & coatings, consumer goods, and water treatment industries. Biocide is classified as either natural or synthetic based on the origin of the basic components. Increased consumer consciousness regarding personal hygiene and sanitation is contributing to the product's increasing demand. Additionally, the need for biocides is rising due to consumer's increased sensitivity to dust and allergies. The growth of the market also be attributed to product expansion, increased performance for growing applications, and manufacturer investments from developed and developing nations. Multiple industries are also adopting this product type because of its cost-effectiveness and effective features. The consumer goods sector, which uses biocides in cleaning products, toothpaste, laundry detergents, cosmetics and wipes, disinfectants, and other products, that is driving the growth. Moreover, it has been noted that the usage of biocides in disinfectants, fungicides, insecticides, antiseptics, and preservatives is growing.

Report Coverage

This research report categorizes the market for the global biocides market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global biocides market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global biocides market.                 

Driving Factors

The global biocides market is driven by various factors, including the growing need for the treatment of wastewater. Wastewater treatment generates effluent that allows for recycled into the water cycle by eliminating pollutants. A wastewater treatment plant is where the treatment takes place. Household wastewater, also known as municipal wastewater or sewage, is treated in sewage treatment plants. Industrial wastewater is treated (typically after some type of pre-treatment) either in a sewage treatment plant or in a separate facility. Other types of wastewater treatment facilities include leachate treatment plants and agricultural wastewater treatment facilities. Common methods for cleaning water include phase transition (e.g., sedimentation), chemical and biological processes (e.g., oxidation), and cleaning. In addition, biocides are becoming increasingly common in many different industries. Cooling towers are some of the most popular applications for biocides in power plants, mining, and chemical facilities. This is expected to fuel the expansion of the biocides market because these settings create an ideal habitat for the growth of microorganisms.

Restraining Factors

The market expansion for biocides is anticipated to be hindered by environmental restrictions on harmful biocides within the specified timeframe. However, fluctuations in the cost of raw materials could pose additional obstacles to the biocides market's expansion shortly.

Market Segmentation

The global biocides market share is classified into product and end-use. 

• The halogen compounds segment is expected to hold the largest share of the global biocides market during the forecast period.   

Based on the product, the global biocides market is divided into QAC, halogen compounds, and phenolic. Among these, the halogen compounds segment is expected to hold the largest share of the global biocides market during the forecast period. This is attributed to the usage of halogens as bases in biocide formulations, including fluorine, chlorine, and iodine. Iodophor, a different iodine-based compound, boosts iodine's stability and biocidal effectiveness. Chlorine is one of the most commonly used halogens because of its strong antibacterial and oxidizing properties, which make it perfect for use in wastewater treatment facilities and municipal drinking water plants, among other locations.

• The paints and coatings segment is expected to hold the largest share of the global biocides market during the forecast period.   

Based on the end-use, the global biocides market is divided into paints and coatings, water treatment, and HVAC. Among these, the paints and coatings segment is expected to hold the largest share of the global biocides market during the forecast period. This is attributed to the product's widespread use in maritime coating applications, where the painted surface is frequently exposed to moisture and humidity. Water-borne paints and varnishes necessitate the heavy use of biocides.

Regional Segment Analysis of the Global Biocides Market

• North America (U.S., Canada, Mexico) 
• Europe (Global, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is anticipated to hold the largest share of the global biocides market over the predicted timeframe.

Asia-Pacific is anticipated to hold the largest share of the global biocides market over the predicted timeframe. Many factors, including the growing production of disinfectants and the significant demand for cleaning products customized to specific applications, are responsible for this. Antimicrobial agents with effective activity are required for disinfectants used in commercial, industrial, and residential settings. This has significantly increased demand for reasonably priced, effective biocide active chemicals. Increased production of high-end paper, widespread recycling, and stricter laws governing the pulp and paper industry's effluent emissions are all predicted to contribute to the increased demand for biocides in the pulp and paper sector.

North America is expected to grow the fastest during the forecast period. Manufacturers, formulators, and end users expanded their R&D activity in response to the new requirements. The expansion of the biocide market in North America is positively impacted by manufacturers developing new products for emerging markets such as biocides.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global biocides market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Troy Corporation
• Chemtreat, Inc.
• Neogen Corporation
• Finoric LLC
• Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
• Iro Group Inc.
• Hubei Jinghong Chemicals Co. Ltd.
• Wuxi Honor Shine Chemical Co. Ltd.
• Albemarle Corporation
• Lubrizol
• BASF SE
• Solvay SA
• Lanxess AG
• Lonza
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2021, to continue growing and securing its place among the leading producers of biocide, LANXESS acquired the French business Intace SAS. A French company called Intace SAS specializes in the formulation and application of fungicides and biocides for the packaging sector.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Global Biocides Market based on the below-mentioned segments:

Global Biocides Market, By Product

• QAC
• Halogen Compounds
• Phenolic

Global Biocides Market, By End-Use

• Paints and Coatings
• Water Treatment
• HVAC

Global Biocides Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa