Biocides Market by Type (Non-oxidizing Biocide, Oxidizing Biocide), Application (Water Treatment, Household, Industrial & Institutional Cleaning and Home Care, Paints & Coatings, Wood Preservatives), and Region - Global Forecast to 2027

Biocides Market by Type (Non-oxidizing Biocide, Oxidizing Biocide), Application (Water Treatment, Household, Industrial & Institutional Cleaning and Home Care, Paints & Coatings, Wood Preservatives), and Region - Global Forecast to 2027

The global biocides market will grow to USD 13.6 Billion by 2027, at a CAGR of 4.3% from USD 11.0 Billion in 2022. Biocides are chemical substances that are used to kill unwanted organisms and control bacteria or fungi growth. Biocides help to prevent degradation of product’s physical and sensorial properties. These are primarily used in several applications such as water treatment (municipal water treatment, oil & gas, power plants, pulp & paper, swimming pools, mining, dairy, poultry & food processing), household & personal care, wood preservation, paints & coatings, and others (leathers & textiles). It is also used in domestic applications such as disinfectants and sanitizers, as well as in industrial applications to prevent fouling in water and oil pipelines.

“Oxidizing biocides type is projected to be the second fastest-growing type of biocides market during the forecast period.”

Oxidizing biocideshave the ability to kill microorganisms through electrochemical process of oxidation. In this process, the biocide gains an electron from bacteria, and thereby destroys the bacteria. Oxidizing biocides are the most effective in system that uses a high volume of water. According to industrial experts, oxidizing biocides are mostly used in water treatment process because of its lower cost than non-oxidizing biocides.

“Household, industrial & institutional cleaning and home care application is estimated to be the second largest application in biocides market, in terms of value, in 2021”

The leading suppliers of biocides are increasingly providing their products to the household, industrial & institutional and home care segment on account of their use in preventing the growth of microbes in cleaning and personal care products. Many players manufacture large portions of biocides based on the metallic salts of the pyrithione molecule. In the personal care industry, meeting the need for biocides is very critical as it requires a higher level of technical expertise on account of it being a regulated industry.

“Europe is estimated to be the second-largest biocides market, in terms of value, in 2021”

Germany is the key market for biocides in the region. The European industrial segment is diversifying, and the complexities are increasing with the changing demand for advanced technologies and products that consume less energy. The environmental regulations are stringent and demand technologies that result in energy savings. The European biocides market is smaller than the North American market on account of stringent regulations such as REACH.

Breakdown of primaries

The study contains insights from various industry experts, ranging from raw material suppliers to Tier 1 companies. The break-up of the primaries is as follows:

By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%

By Designation: C-Level - 46%, Director Level - 27%, and Others - 27%

By Region: North America - 33%, Europe - 27%, APAC - 27%, South America - 7%, Middle East & Africa - 6%,

The key market players profiled in the report include LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), Nouryon (Netherlands), General Electric Company (US), Evonik Industries AG (Germany), Solvay SA (Belgium), and Clariant AG (Switzerland) and others.

Research Coverage

This report segments the market for biocides is based on type, application, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for biocides.

Reasons to Buy this Report

This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the biocides market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on biocides offered by top players in the global market

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for biocides across regions

Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global biocides market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the biocides market