(I-BusinessNews.Com, October 12, 2021 ) The Global Biocides Market size is estimated to be USD 11.3billion in 2021 and is expected to reach USD 13.6billion by 2026, at a CAGR of 3.7% during the forecast period.Biocides are substances used to kill or inhibit all harmful life forms when introduced in sufficient concentration and duration. They are primarily used to kill harmful organisms and control bacterial or fungal growth.
Based on type, the Biocidesmarket is segmented as oxidizing biocides, non-oxidizing biocides and others. Non-oxidizing biocides are estimated to have a larger share in the biocides market. Non-oxidizing biocides are chemicals that function by mechanisms other than oxidation, which include interfering with reproduction and cell metabolism, lysis of cell wall, and stopping the respiration of microorganisms. They are generally fed into a system for hours or up to a day to kill algae, bacteria, and fungi. The different types of non-oxidizing biocides include Isothiozoline, 2,2 Dibromo-3-Nitrilopropionamide (DBNPA), Glutaraldehyde, Methylene Bisthiocyanate (MBT), Tetrakis(Hydroxymethyl)Phosphonium Sulfate (THPS), and Quaternary Ammonium Compounds (QAC), among others. Unlike oxidizing biocides, it does not pollute the aquatic environment.
Based on application, the biocides market has majorly been segmented intowater treatment,household & personal care, paints & coatings, wood preservatives, and others. Water treatment is further sub-segmented intomunicipal water treatment, oil & gas, power plants, pulp & paper, swimming pools, mining , dairy, poultry & food processing applications; whereas the paints & coatings application is futher sub-segmented into marine coatings and other paints & coatings. The biocides market size for household & personal care applications accounted for the largest share of global biocides, in terms of value, in 2020 this was because of the sudden surge in demand of disinfectants due to the pandemic. Health hygiene and awareness led to bulk demands of household and personal care products having biocides such as triclosan, isothiazolinones, chloroacetimide bronopol, and others. This application is estimated to come down to normal because of worldwide immunization against COVID-19.
On the basis of region, APAC is estimated to be the largest market for Biocidesin 2020.The growth in the APAC region is attributed to increasing domestic demand and rising exports to the western markets. The increasing demand for biocide products from the water treatment, household & personal care, paints & coatings and food & beverage segments is driving the market in this region. The countries in this region have well established industries like automotive, oil & gas, power plants, leather, textile, shipbuilding, and others. These industries will drive the market. Unlike Europe & North America it has less regulations in terms of biocides types & usage.
The key market players profiled in the report include Lonza AG(Bain Capital and Cinven) (Switzerland), DuPont (IFF) (US), LANXESS (Germany), Ecolab Inc.(US), BASF SE (Germany), Kemira OJY (Finland),Solvay(Belgium), Nouryon(Netherlands), Solenis (US), Veolia (France), Thor Industries (US), Sigura Water(US), Italmatch chemicals (Italy), Albemarle Corporation(US), ICL Group (Israel), Accepta Water Treatment(UK), Buckman Laboratories Interanational Inc.(US), B&V Chemicals (UK), Kimberlite Chemicals (Singapore),Kurita Water Industries(Japan), Melzer Chemicals Pvt. Ltd.(India), Momar Inc.(US), Ozone Tech Systems (Sweden) and Chemicrea Inc (China). They have adopted strategies such as merger &acquisition, and expansion in order to gain an advantage over their competitors.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: