Biocides Market Share, Growth and Trends | 2024-2030

The Biocides Market Share was valued at USD 12.30 billion in 2023 and is expected to expand at a CAGR of 3.9% during the forecast period, reaching USD 16.07 billion by 2030. Some of the major drivers for the development of this market includes the rising demand for biocides for paints and coatings, water treatment, and disinfection applications. Additionally, the increasing demand for biocides across different industries, including pharmaceuticals, agriculture, and personal care, is boosting the market.

Drivers and Opportunities for Market Growth

From water treatment to personal care, biocides play a crucial role in the preservation and control of microbial growth in many sectors, as they are necessary to ensure quality and safety of the products. Growth of Water Treatment Applications and Rising Consumption of Biocides in Paint & Coating Industry due to Shift towards Powder Coatings and Green Solutions are some of the factors driving growth amongst the most prominent drivers. Moreover, the increasing consumption of biocides in the personal care sector, especially in skin care and hygiene products, represents a considerable growth potential.

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Segmentation Analysis

On the basis of type and end-use industry, the global biocides market is divided into three key segments.

by Type:

Halogen-Based Biocides– This segment has the largest share in the market as they are a common component in disinfectants, water treatment and paints and coatings.

Metal Compounds: Biocides based on copper, silver and their salts are among the most effective biocides active against microorganisms in water treatment systems.

Organic Acids & Sulphones: These biocides are used primarily in agriculture and personal care products.

Phenolic Biocides: Commonly used in the pharmaceutical industry as an antimicrobial agent.

by End-Use Industry:

Paints and Coatings: The paint and coatings segment dominated the market, as the demand for biocides in coatings to inhibit the growth of microbes and enable long-lasting products are on rising.

Water Treatments: Biocides play prominent roles in water systems, particularly in industrial and municipal water treatment, by controlling or eliminating microbial contamination.

Agriculture: Fungal and bacterial growth of crops can be inhibited by biocides.

Food & Beverages: The primary use of biocides in food is to ensure that the entire food supply chain is sanitized and free from contamination during production and storage.

Country-Level Analysis

U.S.: The biocides market in the U.S. will reach US$ 4 billion in value by the end of 2023. The Halogen Demand Demand is particularly robust throughout the pulp and paper sectors and in paints and coatings for biocides.

Germany: With its large chemical and pharmaceutical sectors and strict environmental regulations, Germany serves as an important driver for the demand of biocides in Europe to promote effective water treatment solutions.

China is the largest biocides market in East Asia, consuming 73% of the region. Increase in technologically advanced firms owing to its larger population base and tremendous industry demand in water management and agriculture help increase your market share.

India: The increase in agricultural production and the need for sanitation in growing urban and rural areas are the key factors witnessing the largest growth in biocides market in India.

To repeat Brazil: Brazil is the biggest economy in South America and much of its demand for biocides comes from the agricultural sector since biocides are a major source of crop and pest protection.

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Competitor Analysis

Global biocides market is highly fragmented and contains sthe following major players, BASF SE, Dow Inc., Lanxess AG, Solvay SA, AkzoNobel. The market is dominated by these companies, which have deep R&D, broad product portfolios, and high-profile partnerships.

BASF SE: BASF is ramping up production capabilities of its biocides in response to rising demand in the water treatment and personal care segments.

Dow Inc.: In the recent past, Dow has been working on improving its biocide products for disinfectants and recently turned its focus toward environmentally-friendly solutions to meet rising demand among consumers as sustainability is becoming the new trend.

Lanxess AG: Lanxess meanwhile has boosted its biocides portfolio with a handful of small acquisitions of firms developing industrial antimicrobial solutions.

Solvay SA — Recently, the company has made investments in bio-based biocide products, thus, dominating in eco-friendly biocides market.

AkzoNobel: AkzoNobel remains at the forefront of the paints and coatings sector, working on next-gen biocides with enhanced efficacy for anti-foul and preservation applications.

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Conclusion

The biocides market observed a phase of rapid growth & is further expected to gain significant traction in the coming years since there is a rising demand across industries for effective control of microbial contamination in applications such as water treatment, paints & coatings, agriculture and personal care. The construction of water treatment plants is a continuous development, thus, the demand for biocides is anticipated to grow rapidly with the ongoing implementation of water treatment plants across various nations along with the growing environmentally friendly needs for several treatments. Innovations in solution technologies, particularly in sustainable, bio-based biocides, are emerging rapidly among industry leaders to meet consumer and regulatory demands. The market for biocides is expected to soar, and plenty of room for growth and development on every corner of the world stage.

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Antimicrobial Coatings Market https://www.maximizemarketresearch.com/market-report/global-antimicrobial-coatings-market/100487/ 

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