Biocides Market: Sustainable Solutions, Key Trends, Emerging Applications and Opportunities for Growth
Biocides are chemicals or microorganisms used to manage, moderate, or eliminate hazardous organisms including bacteria, viruses, fungi, algae, or insects. They are commonly employed in a variety of applications to inhibit the growth and spread of undesirable organisms that can harm human health, animal health, crops, or industrial operations.
Browse 332 market data Tables and 52 Figures spread through 304 Pages and in-depth TOC on "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 Biocides market size is projected to reach USD 13.6 billion by 2027 from USD 11.0 billion in 2022 growing at a CAGR of 4.3%.
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According to the DG Health and Consumers of the European Commission, Biocides Directive (98/8/EC), biocidal products are intended to destroy, render harmless, prevent the action of or otherwise exert a controlling effect on any harmful organism by chemical or biological means. The directive range covers 23 product types from drinking water disinfectants, wood preservatives and insecticides to antifouling products.
Non-oxidizing biocide is the largest type of biocides market.
Non-oxidizing biocides are chemicals that function by mechanisms other than oxidation, which include interfering with reproduction and cell metabolism, lysis of cell wall, and stopping the respiration of microorganisms. They are generally fed into a system for hours or up to a day to kill algae, bacteria, and fungi.
Water treatment is projected to be the fastest-growing application, in terms of value
Chlorine, chloramines, or ozone disinfectants are used in various applications, including drinking water, in order to control its taste and odor. Biocides are used in municipal and industrial water treatment industries such as oil & gas, mining, power generation, and pulp & paper. Typically, they are used in reverse osmosis, cooling water, boiler water, and wastewater treatment processes.
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North America is projected to be the fastest growing regional market
The US, Canada, and Mexico are the major countries covered in the region. Recently, the market in this region witnessed a change in the product mix on account of the industry shifting to environmentally friendly and non-toxic formulations. The gains are expected to be driven by increasing demand from the pulp & paper industry, coupled with the rising awareness for protection against the growth of bacteria and pathogens in food.
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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), Clariant AG (Switzerland) and others.
LANXESS AG is a leading specialty chemical company with primary expertise in producing, developing, and marketing chemical intermediates, additives, specialty chemicals, and plastics. The company operates its business into five segments, namely advanced intermediates, specialty additives, engineering materials, consumer protection, and reconciliation. The company offer biocides through the consumer protection segment. The company has 65 production sites and 32 Health, Safety, & Environment (HSE) checks at production facilities in 19 countries in the regions of Europe, the Middle East & Africa, North America, Asia Pacific, and South America.
Arxada AG is a rebranded company of the former company named Lonza Specialty Ingredients (LSI). The company offers biocides through the microbial control solutions division and its acquired company Troy Corporation. The company provides a wide portfolio of differentiated products targeted at a range of end markets. The company has 3,800 employees working in 26 manufacturing sites and 17 research and development centers globally in the regions of Europe, the Middle East & Africa, North America, South America, and Asia Pacific.