Biocides Market

Key Points Covered in Biocides Market

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Biocides Market and How to Navigate
• Recommendation on Key Winning Strategies

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2016-2020 Biocides Market Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), the global biocides market grew at h 1.9% CAGR between 2016 and 2020. Due to the unprecedented outbreak of COVID-19, sales of biocides went downhill during the FQ-20.

Demand for biocides grew at a considerable rate over the past 5 years, however the outbreak of COVID-19 hampered growth due to decrease in demand from various industries such as water treatment, paints & coatings, and oil & gas.

Owing to the increasing application of biocides in water treatment, the market is set to register 3.30% CAGR between 2021 and 2031. Expansion of paints and coatings, pulp & paper, and oil & gas industries and surging demand for wood preservatives are some of the leading factors boosting the market.

With increasing demand for disinfectants in industrial cleaning, hospitals, residential and commercial buildings, sales of cleaning chemicals will pick up. This is also anticipated to aid the growth of biocides market over the forecast period.

Surging Application of Biocides in Water Treatment to Accelerate Sales

Demand for water treatment is on the rise owing to increasing global per capita consumption of fresh water. With rising population, the demand for water in various day to day activities has increased.

Biocide is a chemical treatment that is formulated to effectively control microbial growth. Besides this government push to making clean water available will drive the biocides market in the coming years.  

Biocides play an important role in the cleaning of wastewater and processing of drinking water. Pollutants which are highly toxic to the aquatic life include heavy metals and various organic substances.

Due to rising awareness regarding water quality and implementation of regulations to ascertain access to clean water, biocides demand in the water treatment segment market is expected to surpass US$ 3.8 billion by the end of 2031.

Country-wise Insights

Why is the Demand for Biocides Rising in the U.S.?

In 2021, the U.S. biocides market grew by 3.3% year-on-year, reaching market valuation of US$ 2.34 Bn through 2031. Growth in the country is attributed to the increasing adoption of halogen compound in paints & coatings and pulp & paper industries.

As per Future Market Insights analysis, demand for halogen compounds across North America is anticipated to reach US$ 625.4 Million by the end of 2021. Considering this, application of biocides in paints and coatings, wood preservatives, oil and gas, paper and pulp industries will bolster the market growth in the U.S.

How will the Demand for Biocides Fare in GCC Countries?

Demand for biocides in GCC countries, especially Saudi Arabia and the U.A.E. is anticipated to rise at an impressive pace through the forecast period. The biocides market in GCC Countries is expected to register a year-on-year growth of 3.4% in 2021.

Surging application of biocides in water treatment across GCC countries is anticipated to fuel the market growth in the coming years. With shortage of water in the GCC countries, to make sure the water that reach is free from any micro-organisms and safe to drink, biocides are increasingly used.

As per FMI, the biocides demand in GCC countries will account for 30.7% of total market share in Middle East and Africa.

How will Expansion of Industries Support Growth in China?

China is estimated to be a key producer and consumer of biocides, accounting for 72% of the overall biocides market in East Asia in 2021. Strong growth in the industrial sector has boosted the demand of biocides in the country. Also, the presence of key end users in the country is aiding the market growth.

Significant development in the end-use industries such as water treatment, paints and coatings, paper and pulp, disinfecting sector, agrochemicals and others are increasing the consumption of biocides. China is anticipated to grow at a steady 4.2% CAGR during the forecast period.

Category-wise Insights

Why is the Sales of Halogen Compounds Rising?

In terms of product type, halogen compounds are expected to dominate the market. As per FMI, halogen compounds segment is projected to register year-on-year growth of 3.6% in 2021. Halogen compound biocides are anticipated to remain top-selling choice among end-users throughout the forecast period.

As halogen compounds are used as disinfectants in various industries such as paints & coatings, pulp & paper, and water treatment.

Substantial growth in the water treatment, surface cleaning applications across the globe is bolstering the growth of the biocides industry. Halogen based compounds are widely used to hinder the growth of microorganisms and pathogens in fresh water, thus they are increasingly used in the cleaning of industrial, institutional and commercial places.

Which Grade of Biocides will emerge as Top-selling Category?

With rising application of biocides across various industries in the U.S., the consumption of industrial grade biocides will contribute over 90.4% of the overall biocides consumption in the country.

The rising demand for cleaning agents, preservatives in various end use industries like agrochemicals, water treatment, oil & gas, wood preservatives, textiles, paints & coatings and many others, the consumption of industrial grade biocides is increasing across the globe.

Which is the Key Application of Biocides?

Revenues in the paints and coatings segment is estimated to grow by 3.3% year over year rate in 2021. Meanwhile, the demand in the cleaning agents segment will increase at 3.8% CAGR between 2020 and 2021.

Besides this, the application of biocides in water treatment to remove the undesired microorganisms and pathogens and treat waste water will continue increasing through the forecast period.

Competitive Landscape

Key market participants are expanding their global footprint by focusing on strategic acquisition and collaborations. Several manufacturers also are focusing on product development to introduce eco-friendly biocides.

• To comply with stringent regulations on food safety and environmental sustainability, and meet farmers' needs for healthy, high-yield and sustainable crops, BASF introduced Serifel, a new biocide, in March 2020. Serifel hindered the growth of fungal pathogens.
• Lanxess is boosting its market presence across the globe through aquisitions. In Jan 2021, Lanxess acquired INTACE, a Paris-based biocide manufacturer of specialty fungicides for the packaging industry in Northern and Eastern Europe.
• In 2020 Lanxess completed the acquisition of Itibanyl Produtos Especiais Ltds. (IPEL), a Brazilian biocide manufacturer.

Scope of Report

Key Questions Answered in the Report

• What is the current biocides market value?

  The biocides market is anticipated to reach a valuation of US$ 8.3 Bn in 2021

• What is the demand outlook for the biocides?

  The biocides market is anticipated to reach a valuation of US$ 11.74 Bn during the assessment period 202-2031

• At what rate did the biocides market grow between 2016 and 2020?

  The biocides market witnessed growth at 1.90% CAGR between 2016 and 2020.

• What are the key trends driving biocides sales?

  Development of sustainable and eco-friendly biocides, increasing application in water treatment, and surging demand for halogen compounds in industrial sector will accelerate the sales for biocides in the coming years.

• Who are the leading players of biocides?

  Lonza Group AG, Solvay S.A., Lanxess AG, BASF, and Nouryon are the top players in the biocides market.

• What is the market share of leading players in biocides market?

  Leading players of global biocides market is expected to contribute around 38.70% of total market share.

• What is the demand outlook for North America biocides market?

  Demand for biocides will continue to rise on account of the rising application in water treatment. Sales across North America are set to rise at a 3.0% CAGR.

• What is the Europe market outlook for biocides?

  Europe biocides market will exhibit growth at 2.80% CAGR during the forecast period.

• Who are the key exporters in the biocides market?

  Top exporters in the biocides landscape are the China, U.S., and Germany.

• Which are the top countries driving the biocides market demand?

  Top countries driving the biocides sales are the U.S., ASEAN, Germany, and China.

• What is the current market share of South Korea and Japan in the global biocides market?

  South Korea and Japan will account for over 8.20% market share of global biocides market in 2021.

Biocides Market by Category

By Grade:

• Food Grade
• Pharmaceutical Grade
• Industrial/ Technical Grade

By Type:

• Halogen Compounds
• Metallic Compounds
• Organic Acids
• Organo-sulfurs
• Nitrogen
• Phenolic
• Others

By End Use:

• Agrochemicals
• Food & Beverages
• Water Treatment
• Paints & Coatings
• Cosmetics & Personal Care
• Oil & Gas
• Pulp & Paper
• Wood Preservatives
• Cleaning Agents
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa