Global Biocides Market 2024-2028

Global Biocides Market 2024-2028

The biocides market is forecasted to grow by USD 5.81 bn during 2023-2028, accelerating at a CAGR of 8.7% during the forecast period. The report on the biocides market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by importance of wastewater recycling and water reuse, rising need for oil and gas extraction and refining, and growth of antimicrobial paints and coatings industry.

Technavio's biocides market is segmented as below:

By Application

• Water treatment
• Wood preservation
• Hygiene and disinfectants
• Paints and coatings
• Others

By Product

• Halogen compounds
• Nitrogen-based
• Inorganics
• Organosulfur
• Others

By Geography

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the increasing demand for biocides from healthcare industry as one of the prime reasons driving the biocides market growth during the next few years. Also, increasing use of silver-based biocides and increasing demand for isothiazolinone biocides from personal care sector will lead to sizable demand in the market.

The report on the biocides market covers the following areas:

• Biocides market sizing
• Biocides market forecast
• Biocides market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biocides market vendors that include Albemarle Corp., Baker Hughes Co., BASF SE, Berkshire Hathaway Inc., Buckman Laboratories lnternational Inc., Clariant International Ltd., Eckoh , Ecolab Inc., HIKAL Ltd., Lanxess AG, Lonza Group Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Solvay SA, and Thor Group Ltd.. Also, the biocides market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.