Biocides Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2020 To 2027

Synopsis

The global biocides market was prized by USD 7.7 billion in 2019. It is estimated to witness a 3.9% CAGR from 2020 to 2027.

Drivers

The enlargement of the market for Biocides can be credited to incessant funds for R&D activities, growth of synergic chemistries for the expansion of the application, innovation, improved functioning, and diversification of the product.

The advanced regions or the nations like the European Union and the U.S., having additional strict rules along with the ecological values, are anticipated to present rewarding openings for eco-friendly otherwise bio-sourced products.

Greater acceptance of oxidizing biocides via end-users, like the paper & pulp manufacturing, intended for their effectiveness and comparatively low-down expenses, has given rise to an augmented preference of the companies, towards oxidizing biocides.

The rising use of water sourced paints and coatings have, additionally, given the growth in demand for the biocides, within these products. The addition of Biocides in the formulator, moreover, averts any fungal or microbial growth above the painted exterior, after the paint is dried out.

Product Insight

Halogen compounds held the biggest, 25.5% revenue share of the biocides market, in 2019. The halogens utilized as a source in the formulations of biocide comprise iodine, fluorine, and chlorine. Iodophor is one more iodine-sourced composite, which improves the constancy plus the efficiency of iodine in the function of a biocide.

Chlorine is single of the largely utilized halogens for its powerful oxidizing possessions and antimicrobial actions, in the plants for wastewater management, in addition to metropolitan plants for drinking water, between other functions. The formulations which are chlorine sourced, for example, sodium hypochlorite and calcium hypochlorite, are extensively utilized in the manufacturing of food & beverages. The efficiency of halogens, to restrain microbial development as well as their assortment in terms of function area, is likely to be the most important drivers for this sector.

Next to the halogen compounds, organosulfur and metallic compounds, furthermore, came out like a major product sector. Silver and copper are heavy metals and are highly utilized. Copper is measured to be extra competent because of elevated toxicity to bacteria, as well as additional microbes.

Copper sulfate sourced formulation of biocide is extensively utilized in water treatment plants for averting the development of algal. Organosulfur composites are free from chlorine and are non-oxidizing formulations, therefore creating them perfect for non-corrosive functions.

Additional important uses of this product comprise air-conditioning, manufacture of heavy engineering products, and automobiles.

Application Insight

The paints and coatings application sector held the biggest, 27.2% revenue share of the biocides market, in 2019. It is expected to keep up its advantage, during the forecast period.

Paints and coatings are extremely vulnerable to airborne and waterborne microbial contaminants, on account of their contact to majority treatment as well as storeroom arrangement. The use of biocides in paints and coatings presents a variety of profits. It comprises in-can protection, dry-film safeguarding, and avoidance of microbial development.

Besides, it assists in avoiding fungal growth once the film is created and the paint dries. Hence, the application of the product in paints and coatings, to prevent their worsening has to turn into a necessity for the manufacturing companies.

One of the largely important applications is water treatment. Here, biocides are utilized to avert bacterial or algal pollution in the water systems and antifouling.

The cleaning products application sector is estimated to observe major enlargement, during the near future, due to the bulk manufacture of the products, such as sterilants, sanitizers, and surface disinfectants, to battle with the coronavirus and deal with their substantially increased demand. This predicts well-paid openings for biocides in the application of cleaning materials. Bio sourced otherwise natural biocides are expected to observe an augmented demand, during the nearby future.

Regional Insight

In 2019, Asia Pacific held the major, 35.4% revenue share of the global biocides market and is estimated to continue its dominance, during the forecast period. Water treatment is likely to be the major user of the product. It is tracked by cleaning products. Utilization of the biocides in cleaning products is extremely benefitted from the manufacture of sensitive sanitizer, particularly for the duration of the Covid-19 pandemic.

China is single of the biggest producers of freshwater fish. It predicts profitable enlargement openings for the biocides in the products used for cleaning. Current changeover within the nation, through ecological thoughtfulness overruling the nation’s chase for GDP, is anticipated to affect the development of the business, during the nearing future.

Growing research & development actions and continuously growing rules between the end-users, manufacturers, and formulators, are estimated to power the enlargement of the regional market, in North America.

Frequently, the regional market is pushed by the U.S. market for wood preservation and paints & coatings. The eruption of the Covid-19 pandemic has considerably influenced the activities of building construction, together with transport. It has caused a financial recession. It is estimated to harmfully affect the utilization from the HVAC, wood preservation, oil & gas, as well as paints & coatings manufacturing. On the other hand, due to the step-up production of sanitizers, disinfectants plus additional cleaning materials, the assured growth in using up can be observed from the cleaning function.

Companies

The backward, as well as forward combination, is observed between the members of the supply chain such as end-users, formulators, manufacturers, distributors. Combination in terms of distributing, manufacturing plus formulating, or formulating plus manufacturing, otherwise distributing plus formulating is more commonly observed.

The companies like Dow Inc. and BASF SE symbolize important supply chain combinations with contributions in producing raw materials. They are engaged in creating biocides, together with worldwide distribution with the assistance of their extensive arrangement of the sales offices, through the geographies.

Some of the companies for biocides market are:

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

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For this report, Million Insights has segmented the global biocides market report based on product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Halogen Compounds
    • Metallic Compounds
    • Organosulfur
    • Organic acids
    • Quaternary Ammonium Compounds
    • Phenolic
    • Nitrogen
    • Glutaraldehyde

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Water Treatment
    • Food and Beverage
    • Personal care
    • Wood Preservation
    • Paints and coatings
    • Plastics
    • HVAC
    • Boilers
    • Oil and Gas
    • Fuels
    • Pulp and Paper
    • Cleaning Products

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • The U.K.
        • France
        • Spain
        • Italy
    • The Asia Pacific
        • China
        • India
        • Japan
        • South Korea
    • South America
        • Brazil
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • South Africa