Biocides Global Market Report 2024

Biocides Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on biocides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for biocides? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biocides market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Oxidizing Biocides; Non-Oxidizing Biocides
• 2) By Grade: Food Grade; Pharmaceutical Grade; Industrial or Technical Grade
• 3) By End User: Agrochemicals; Food and Beverages; Water Treatment; Paints and Coatings; Wood Preservatives; Cleaning Agents; Other End Users
• Companies Mentioned: Chem Treat Inc.; The Dow Chemical Company; LANXESS AG; Thor Group Limited; BASF SE
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Biocides encompass chemical compounds or microorganisms utilized to biologically or chemically eliminate, render harmless, deter, or control hazardous organisms. They find diverse applications, including incorporation into cosmetics and personal care products, treatment of drinking water, management of skin infections, and preservation of animal food from microorganisms. The use of chemical biocides is crucial for maintaining the security, proper functioning, and optimal performance of systems, ensuring continuous water quality.

Two primary categories of biocides are oxidizing biocides and non-oxidizing biocides. Oxidizing biocides are those capable of electrochemically oxidizing microorganisms, thereby exterminating them. These biocides are available in various grades, including food grade, pharmaceutical grade, and industrial or technical grade, catering to applications such as water treatment, personal care, wood preservation, as well as paints and coatings.

The biocides market research report is one of a series of new reports from The Business Research Company that provides biocides market statistics, including biocides industry global market size, regional shares, competitors with a biocides market share, detailed biocides market segments, market trends and opportunities, and any further data you may need to thrive in the biocides industry. This biocides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The biocides market size has grown strongly in recent years. It will grow from $12.31 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed during the historic period can be attributed to several key factors. Firstly, the expansion of the global population and urbanization trends played a significant role in driving demand. Additionally, the growth of the healthcare sector and the increasing awareness of hygiene practices contributed to the adoption of biocides. Rising concerns about water quality, coupled with stringent regulations on preservatives, further fueled the demand for biocides. Moreover, the implementation of preventive measures in agriculture, where biocides play a crucial role, contributed to the overall growth during the historic period.

The biocides market size is expected to see strong growth in the next few years. It will grow to $17.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. Anticipated growth in the forecast period is linked to key factors such as advancements in bio-based biocide development, the expanding activities in the oil and gas exploration sector, heightened demand for wood preservation solutions, increased consumer awareness, a strategic emphasis on antimicrobial textiles, and growth in the personal care products market. Major trends expected during this period encompass the heightened application of biocides in water treatment, ongoing innovations in microbial control methodologies, the implementation of biosecurity measures in agriculture, a rise in antifouling solutions across industries, and the emergence of cutting-edge technologies in biocide delivery systems. These trends signify the evolving business landscape and diverse applications of biocides in the coming years.

The biocide market is experiencing growth propelled by an increased adoption of antimicrobial protection in various end-use industries. Antimicrobial protection refers to substances that can reduce or inhibit the levels of microorganisms, including bacteria and mold. Biocides, serving as antimicrobials, disinfectants, and preservatives, find widespread applications across diverse industries such as agrochemicals, food and beverages, water treatment, paints and coatings, cosmetics and personal care, oil and gas, and pulp and paper. Particularly in health institutions like hospitals, biocide usage is crucial to prevent and control the spread of infectious diseases. During the COVID-19 pandemic in September 2020, over 1,000 disinfectants were registered and deemed effective against the virus by the US EPA (Environmental Protection Agency), highlighting the essential role of biocides in managing public health crises. The market is witnessing growth due to the increased reliance on antimicrobial protection across end-use industries.

The biocides market is poised for growth due to the escalating demand in the food and beverage industry. This sector, encompassing the production, processing, distribution, and sale of food and drink products, relies on biocides to control microbial growth, prevent foodborne illnesses, and extend the shelf life of products. As of April 2022, global food and beverage sales reached $506 billion, projected to reach $857 billion by 2025, according to reports from the Common Thread Collective, a US-based e-commerce growth agency. Additionally, Statistics Sweden reported in September 2022 that food and beverage sales in 2021 amounted to $30.74 billion (SEK 334 billion), marking a 2.9 percent increase from 2020. This growth is attributed to a 2.5 percent rise in sales volume and a 0.4 percent increase in food and beverage prices. The expanding demand in the food and beverage industry is a significant factor driving the growth of the biocides market.

Prominent players in the animal and biocides market are strategically prioritizing innovation to address agricultural challenges. For instance, in August 2023, FMC Corporation, a reputable US-based chemical manufacturing company, unveiled ENTAZIA, a cutting-edge broad-spectrum biocide. Designed to assist rice farmers in safeguarding crops and enhancing yields, ENTAZIA proves effective against a diverse range of plant diseases, including the notorious rice leaf blight. Notably, it is a highly selective biocide, demonstrating efficacy against harmful organisms while sparing beneficial ones. The biocide's formulation is based on the unique active ingredient, fluopicolide, positioning it as a new-generation solution. With broad-spectrum activity, high selectivity, systemic action, and minimal environmental impact, ENTAZIA stands as a powerful and effective tool for rice farmers seeking crop protection and increased yields.

Leading companies in the biocides industry are adopting a strategic partnership approach to drive innovation and market expansion. For instance, in February 2022, Lanxess AG, a prominent Germany-based chemical company, entered into a strategic partnership with Matrica, an Italian bioproducts manufacturer. This collaboration is geared towards addressing the escalating demand for sustainable products in the biocide market. By leveraging each other's strengths and resources, Lanxess AG and Matrica aim to develop novel and innovative biocide preservatives, reinforcing their positions in the evolving biocide market landscape.

In January 2021, Lanxess AG, a Germany-based chemical industry, executed a strategic acquisition by purchasing Intace SAS for an undisclosed amount. This move aligns with Lanxess AG's overarching goal to expand its biocides portfolio, access new expertise, and penetrate the burgeoning market for sustainable biocides. Intace SAS, a France-based biocide manufacturer, brings valuable capabilities to Lanxess AG, contributing to the company's strategic growth initiatives in the dynamic biocides sector.

Major companies operating in the biocides market report are Chem Treat Inc., The Dow Chemical Company, LANXESS AG, Thor Group Limited, BASF SE, Kemira Oyj, Solvay SA, Nouryon Holding B.V., Solenis LLC, Veolia Environment S.A., Troy Corporation, Sigma-Aldrich Corporation, BWA Water Additives, General Electric Company, Italmatch Chemicals S.p.A., Ecolab Inc., Evonik Industries AG, Clariant AG, Corbion NV, Kemin Industries Inc., Albemarle Corporation, Berkshire Hathaway Inc., Reckitt Benckiser Group PLC, GOJO Industries Inc., Henkel AG & Co. KGaA, Unilever N.V., Akzo Nobel NV, Buckman Laboratories International Inc., Hexion Inc., and Lonza Group Ltd.

Asia-Pacific was the largest region in the biocides market in 2023. The regions covered in the biocides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the biocides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The biocides market consists of sales of halogen compounds, metallic compounds, organosulfur compounds, organic acids, phenolic compounds, and nitrogen compounds. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.