The US$9.5 billion biocides market is analyzed across types, applications and countries. The biocides market size will register 4.5% growth p.a over the forecast period. The global Biocides industry offers significant growth opportunities across types including halogen compounds, metallic compounds, Organosulfurs, Quaternary Ammonium Compounds and others. Further, widening application industries including Paints and Coatings, Personal Care, Water Treatment, Disinfection, Wood Preservation and others present optimistic outlook. A total of 15 countries are analyzed in the Biocides industry report.

 

Global Biocides Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2020- 2028

2021 Biocides market – Key Facts

• Biocides market size stood at US$9.5 billion in 2020. It will record 4.5% growth (CAGR) over the forecast period from 2021 to 2028.
• Triclosan is widely being used in personal care and household products due to its effectiveness against many microorganisms
• Asia Pacific held the dominant market share in the global mosquito repellent industry
• Paints and Coatings is the single largest end-user industry for biocides
• Specialty biocides continue to gain market share worldwide, driven by expanding use in hygiene applications
• Silver based biocides offer significant growth opportunities

 

Leading Biocides manufacturing and marketing companies-

• BASF SE (markets Biocides as a part of its Performance Chemical Division) - found in 1865
• Kemira Oyj (sustainable chemical solutions for pulp & paper, water treatment and oil & gas) - found in 1920
• Solvay SA (Leading player in Materials, Chemicals and Solutions) - found in 1863
• Ecolab (US based water, hygiene and disinfection services and solutions provider) - found in 1923
• Nouryon (operates across personal care, cleaning goods, paints and coatings, agriculture and food, pharmaceuticals, and building products) - found in 2018 (former AkzoNobel Specialty Chemicals)

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-

 

Applications

Paints and Coatings

Personal Care

Water Treatment

Disinfection

Wood Preservation

Others

 

Types

Halogen Compounds

Metallic Compounds

Organosulfurs

Quaternary Ammonium Compounds

Others

 

Regions

North America

Europe

Asia Pacific

Middle East and Africa

South and Central America

Biocides Market

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