Global Biocides Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2020- 2028
2021 Biocides market – Key Facts
Leading Biocides manufacturing and marketing companies-
Anti-microbial products witness strong demand growth
The current COVID-19 pandemic resulted in significant market for disinfectants and ingredients used in disinfectants. Biocides such as Ethyl alcohol, isopropanol, povidone iodine, Quaternary ammonium, hydrogen peroxide, sodium hypochlorite, PAA, chlorine dioxide, UV light and others are widely being used for disinfectants with food contact surfaces and non-food contact surfaces. They prevent damage caused by microbes and protect consumer goods. Further, with resuming operations across industries, the demand for biocides resumed from industrial consumers including Paints and Coatings, Personal Care, Water Treatment, Disinfection, Wood Preservation, and others.
Asia/Oceania held the dominant market share in global Biocides industry
During 2020, the Asia/Oceania region accounted for the highest share in global biocides industry. The region contributed 43% to the US$9.5 billion global biocides market size. Relatively less stringent approval mechanisms, large population and industrial base, wide adoption in the healthcare sector, and water and wastewater reuse support the China, India, South East Asia and other Asia Pacific biocides market growth over the forecast to 2028. Wood preservatives, water and wastewater treatment, paints and coatings, personal care and others are the leading end users of biocides in Asia Pacific.
Ongoing emphasis on sustainable biocides
Biocides play an important role in providing protection to humans, and materials against harmful microorganisms. Sustainable biocides that are efficacious are widely used in healthcare and industry to control infections. As excessive use of biocides for disinfecting surfaces can pose challenges, companies are focusing on environmental impact of biocides and developing predominantly for Disinfectants and algaecides, Wood preservatives, Rodenticides, Insecticides, Antifouling products and other applications. Further, identifying the optimum quantity of the product for use, limit the use to areas where prevention is essential, biocides with limited hazardousness, limit the long-term exposure and other strategies are being implemented.
The global Biocides market report includes the below types and applications-
Paints and Coatings
Quaternary Ammonium Compounds
Middle East and Africa
South and Central America