Biocides Market Size, Share, and Analysis, By Type (Nitrogen Based Biocides {Quaternary Ammonium Compounds}, Organic Acids, Organosulfur Compounds, Halogen Compounds, Phenolic Biocides, Metallic Compounds, Others), By Product Type (Preservatives, Pest Control, Others), By Application (HVAC, Boilers, Water Treatment, Fuels, Boilers and Industrial Cooling Towers, Food and Beverage, Personal Care, Paints and Coatings, Metal Working Fluids, Wood Preservation, Leather, Oil and Gas, Pharmaceutical, Construction, Agriculture, Marine Industry, Plastics, Others) and Regional Forecasts, 2022-2032
Biocides Market Size, Share, and Analysis, By Type (Nitrogen Based Biocides {Quaternary Ammonium Compounds}, Organic Acids, Organosulfur Compounds, Halogen Compounds, Phenolic Biocides, Metallic Compounds, Others), By Product Type (Preservatives, Pest Control, Others), By Application (HVAC, Boilers, Water Treatment, Fuels, Boilers and Industrial Cooling Towers, Food and Beverage, Personal Care, Paints and Coatings, Metal Working Fluids, Wood Preservation, Leather, Oil and Gas, Pharmaceutical, Construction, Agriculture, Marine Industry, Plastics, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Biocides Market size was USD 10.2 billion in 2021 and projected to grow from USD 11.2 billion in 2023 to USD 16.9 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period.
Biocides are chemical material utilized to destroy, sterilize and avoid the existence of microorganisms like bacteria, viruses, fungi etc. Biocides are generally united with other products based on the applications in paints & coatings, consumer goods, water treatment industries etc. Biocides are classified based on raw material source into natural & synthetic biocides. The investments in research & development activities by the manufacturers from different countries is expected to drive the biocides market demand. The acceptance of biocides has increased owing to their efficient properties and low cost.
MARKET HIGHLIGHTS
Biocides Market is expected to reach USD 16.9 billion, growing at a CAGR of 4.7% during forecast period owing to the increasing awareness on maintaining cleanliness and self-hygiene which is driving market growth. Biocides are used in cosmetics & wipes, cleaning products, toothpaste, disinfectants, laundry detergents etc. The increasing sensitivity of people to dust & allergies along with the increasing usage of biocides in preservatives fungicides, herbicides etc is boosting the growth of Biocides market.
Biocides Market Segments:
- Type
- Nitrogen Based Biocides {Quaternary Ammonium Compounds}
- Organic Acids
- Organosulfur Compounds
- Halogen Compounds
- Phenolic Biocides
- Metallic Compounds
- Others
- Product Type
- Preservatives
- Pest Control
- Others
- Application
- HVAC
- Boilers
- Water Treatment
- Fuels
- Boilers and Industrial Cooling Towers
- Food and Beverage
- Personal Care
- Paints and Coatings
- Metal Working Fluids
- Wood Preservation
- Leather
- Oil and Gas
- Pharmaceutical
- Construction
- Agriculture
- Marine Industry
- Plastics
- Others
MARKET DYNAMICS
Growth Drivers
Increasing Shift Towards Biocides is Expected to Boost the Growth of the Market
Growing Requirement for Wastewater Treatment is Expected to Boost the Growth of the Market
Restraint
Growing Health Issues May Restrain the Growth of the Market
Key Players
- Neogen Corp.
- Chemtreat, Inc.
- Troy Corp.
- Iro Group Inc.
- Finoric LLC
- Lenntech
- Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
- Baker Hughes Incorporated
- The Dow Chemical Company
- Lanxess AG
- Clariant AG
- Albemarle Corporation
- Lubrizol
- BASF SE
- Lonza
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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