Market Research Report
Biocides market with COVID-19 Impact Analysis, By Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||1013667|
|Published||Content info||245 Pages
Delivery time: 2-3 business days
|Biocides market with COVID-19 Impact Analysis, By Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: June 1, 2021||Content info: 245 Pages||
The global biocides market was valued at USD 10.1 billion by 2019, growing with 4.5% CAGR during the forecast period, 2021-2027.
Biocides are chemicals or products, which combat microorganisms or pests. They are used to control and kill unwanted and harmful organisms including bacteria, mold, insects, rodents, and algae. Biocides market growth will be fueled by the rising development of synergic chemistries for product diversity, ongoing R&D expenditures, improved performance, and application expansion. The increased use of oxidizing biocides in the pulp and paper sector, as well as manufacturers' rising preference for oxidizing biocides, are likely to present profitable possibilities for biocides.
The global market is predicted to rise as biocides become more widely used in water treatment applications. Biocides are used to kill bacteria in water treatment applications. The growth of biological microorganisms such as bacteria, fungus, algae, protozoa, and sulfate-reducing bacteria is optimal in water towers. If their development is unchecked, they produce a layer of bio-slime, which functions as a natural adhesive surface for scale development, potentially reducing the cooling system's effectiveness. Biocides are added to the water to eliminate slimes, microbiological fouling, and biofilm from water systems to run at their peak performance. Cooling towers, spas and swimming pools, sewage treatment, and industrial wastewater treatment all employ these chemicals. Biocides are also utilized in reverse osmosis membrane cleaning programs to prevent biofouling. These biocides are used in the membrane before the RO system to control bio-growth. Biocides are in high demand due to increased demand from water treatment applications across the world.
Based on type analysis, halogen compounds are the most important segment of the biocides market. Microbial growth control agents such as halogen compounds are particularly effective. They are less expensive, more efficient, have a wider range of uses, and have a lower rate of resistance. The rising demand from end-use applications is the primary driver of biocides. The need for biocides that comply with environmental regulations is increasing in industrialized countries. As a result, the demand for organic acids in Europe and North America has soared. Water treatment is anticipated to be the largest category based on application. The market for biocides is being driven by the growing demand for treated water from the municipal and industrial water treatment industries. Biocides are used to treat water in oil and gas, metal and mining, pulp and paper, and other sectors. Furthermore, the market for biocides in the food & beverage industry is being driven by an increased need for preservatives in food.
In the global market, Asia Pacific is projected to hold the largest growth during the forecast period. The growth is associated with increasing demand for halogen compounds coupled with increasing product adoption in water treatment. Rapid growth in the personal care industry will propel the market growth in North America, in which the US and Canada are the leading players. Moreover, manufacturers, formulators, and end-users are likely to fuel regional market growth through continually developing laws and increased R&D activity. In Europe, the growth is due to the increasing demand for phenolics and organic acids from the paints & coatings industry. The Middle East & Africa is anticipated to grow with sustainable growth owing to rising organosulfur demand from wood preservations.
Key features of the study:
This proposed research study on the Biocides market provides market size (US$ million), compound annual growth rate (CAGR %), and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the biocides market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the biocides market
Impact of COVID-19 on Biocides market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on the biocides market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the biocides market, we have also included a competitive landscape and key innovator analysis for the Biocides market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate, and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the biocides market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new application launch, research & development, regional expansion of major participants involved in the biocides market on a global as well as regional level.
The global biocides market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BIOCIDES MARKET KEY PLAYERS
The Dow Chemical Company
Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
Iro Group Inc.
Hubei Jinghong Chemicals Co. Ltd.
Wuxi Honor Shine Chemical Co. Ltd.
GLOBAL BIOCIDES MARKET, BY TYPE
GLOBAL BIOCIDES MARKET, BY APPLICATION
Paints & Coatings
Food & Beverage
GLOBAL BIOCIDES MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures