REPORT HIGHLIGHT
Microbial control chemical market size was valued at USD 17,908.3 Million in 2022, expanding at a CAGR of 6.8% from 2023 to 2030.
Microbial control chemicals are widely accepted in numerous industries including food & beverages, water treatment, preservation & protection, personal care, oil & gas, health & hygiene, and wood preservation. Additionally, to control the growth of microbial or kill microbes there are several types of chemical agents are used. Moreover, static agents are those agents who manage the growth of cells without killing them, while agents who kill cells are referred to as cidal agents. Furthermore, these acceptances are anticipated to the increasing regulations in the food industry rising healthcare expenditures, maintaining hygiene, and growing focus on preventing equipment life, thus fueling the growth of the microbial control chemical market.
Microbial Control Chemical Market- Market Dynamics:
- Increasing awareness cleanliness and hygiene to propel market demand.
- People are rising aware of the importance of controlling cleanliness and hygiene in several settings including public places, hospitals, and homes. This has helped to a rise in the use of microbial control chemicals for sanitization and disinfections purposes, thereby boosting the growth of the market. Moreover, in the food & beverage industry, the rising concern related to food safety has led to the use of microbial control chemicals. These chemicals are utilized to manage the growth of microorganisms in food products and inhibit the spread of foodborne illness, thus ensuring the safety of food products. However, government stringent regulations regarding the use of microbial control chemicals are expected to restrain the market growth during the forecast period. Furthermore, rising advancements in technology including bio-based solutions and nanotechnology provide innovative approaches to microbial control. Rising industrialization, healthcare infrastructure, and urbanization development in emerging economies offer lucrative opportunities for microbial control chemical manufacturers. This, in turn, is projected to boost the demand for the microbial control chemical market.
Microbial Control Chemical Market- Key Insights:
- As per the analysis shared by our research analyst, the global microbial control chemical market is estimated to grow annually at a CAGR of around 6.8% over the forecast period (2023-2030)
- The microbial control chemical industry is projected to grow at a significant rate due to the growing awareness regarding health and safety
- Based on method segmentation, disinfection was predicted to show maximum market share in the year 2022
- Based on type segmentation, phenolics was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Microbial Control Chemical Market- Segmentation Analysis:
- The global microbial control chemical market is segmented on the basis of method, type, application, and region.
- The market is divided into three categories based on method: disinfection, sterilization, and antisepsis. The disinfection segment is likely to possess the largest revenue share. Cleaning non-leaving objects by applying agents on the surface of the objects is known as disinfection. Moreover, not all microorganisms do not have to be killed by disinfection, although it usually considers 99+% kill compared to sterilization which commonly attains 100% kill. Additionally, owing to its application with numerous microbial control chemicals such as alcohols, oxidizing agents, aldehydes, phenolics, and halogens this segment holds the fastest growth during the forecast period. In the healthcare industry, food & beverage industry, and water treatment industry, these chemicals are widely acceptable.
- The market is divided into nine categories based on type: BIT, IPBC, alcohol, halogens, phenolics, aldehydes, oxazolidines, heavy metals, oxidizing agents, and others. The phenolics segment is expected to hold the largest market share. It is widely used in laboratories and healthcare facilities. Additionally, numerous phenolic compounds such as o-phenylphenol and cresols are utilized to control microbial growth and active ingredients. Moreover, its wide range of applications in hospitals, agriculture, and laboratories is expected to increase segment growth.
- The market is divided into seven categories based on application: oil & gas, personal care, water treatment, health & hygiene, food & beverages, wood preservation, preservation & protection, and others. The water treatment segment is likely to maintain its dominance. The largest share of the global microbial control chemical market is held by the water treatment sector with the maximum demand for microbial control chemicals. To ensure the availability of clean water to consumers, many countries are focusing on water treatment facilities.
Microbial Control Chemical Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Microbial Control Chemical Market- Competitive Landscape:
One of the major contributors to the growth of the microbial control chemical market is the growing food processing industry. These growths accelerate the demand for microbial control chemicals to offer healthy products to end users. Moreover, providing effective, environment-friendly, and high-quality microbial control solutions led industry participants to differentiate themselves and gain a competitive edge in the market. Furthermore, the market propels development and research activities, improves existing products, allows industry participants to develop industry solutions, and meet evolving customer needs. Additionally, collaborating with regulatory bodies, research institution, and industry stakeholders enhance technological advancement, knowledge exchange, and market growth. For instance, in August 2021, LANXESS acquired IFF's microbial control business. Additionally, this will make the specialty chemicals company one of the world's largest suppliers of microbial control products.
Recent Developments:
For instance, in November 2021, Arxada and Troy Corporation announce that they have agreed to combine the two companies. Additionally, the partnership is a logical next step in Arxada's strategy to strengthen its offering and enhance the capabilities of its Microbial Control Solutions ('MCS') business.
Key features of the study:
- This proposed research study on microbial control chemical market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the microbial control chemical market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for microbial control chemical market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the microbial control chemical market.
- Impact of COVID-19 on microbial control chemical market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on microbial control chemical market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the microbial control chemical market, we have also included competitive landscape and key innovator analysis for the microbial control chemical market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the microbial control chemical market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global microbial control chemical 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 MICROBIAL CONTROL CHEMICAL MARKET KEY PLAYERS
- The Dow Chemical Company
- Limin Chemical Co. Ltd.
- BASF Corporation
- Lonza
- Syngenta AG
- Marrone Bio Innovations
- Bayer AG
- UPL
- Nufarm Limited
- Ecolab Inc.
- FMC Corporation
- Kemira Oyj
- Troy Corporation
GLOBALMICROBIAL CONTROL CHEMICAL MARKET, BY METHOD
- Disinfection
- Sterilization
- Antisepsis
GLOBAL MICROBIAL CONTROL CHEMICAL MARKET, BY TYPE
- BIT
- IPBC
- Alcohol
- Halogens
- Phenolics
- Aldehydes
- Oxazolidines
- Heavy Metals
- Oxidizing Agents
- Others
GLOBAL MICROBIAL CONTROL CHEMICAL MARKET, BY APPLICATION
- Oil & Gas
- Personal Care
- Water Treatment
- Health & Hygiene
- Food & Beverages
- Wood Preservation
- Preservation & Protection
- Others
GLOBAL MICROBIAL CONTROL CHEMICAL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA