Biocides, a diverse group of chemical substances, play a crucial role in safeguarding products, processes, and environments from the detrimental effects of microbial growth. These compounds are utilized across a wide range of industries, including water treatment, healthcare, agriculture, and consumer goods, where they serve as essential tools for controlling harmful microorganisms such as bacteria, fungi, algae, and viruses. The global Biocides Market has witnessed significant growth due to the increasing awareness of hygiene and sanitation, coupled with the ever-expanding applications of biocidal products.
Between 2023 and 2033, the biocides market is expected to grow at an average CAGR of 3.4%. While the market had US$ 8.9 billion in revenue in 2023, it is predicted to reach US$ 12.5 billion by 2033.
Be on the lookout for a cost-effective preservation alternative offered by biocides in the growing packaged food business. The recovery of the FMCG industry has resulted in the market for biocides expanding as well.
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The medical and pharmaceutical industries are growing in emerging nations like China and India. India has even been referred to as the “pharmacy of the world” due to its vital role in the manufacture and manufacturing of pharmaceuticals as well as the booming market for biocides.
The use of phenolics biocides in different surgical procedures has also been highlighted recently and is likely to thrive the demand for biocides.
Its use in botanical experiments to eliminate microorganisms and plants helps research and development programs. Thus, the future of the biocides market looks promising.
Higher food exports between nations and the restoration of sea trade post-pandemic demand for a sustainable preservation solution. The biocides solution fits right in the picture, preventing the food items from getting exposed to microorganisms.
Key Points
- The Chinese market is the biggest and fastest market for preservation technology and is anticipated to cross a value of US$ 3.0 Bn by 2033. The regional market is expected to thrive at an average CAGR of 4.4% between 2023 and 2033.
- The US market thrives at the highest CAGR of 2.9% during the forecast period. The market is likely to reach a value of US$ 2.5 Bn by 2033.
- The halogen compound segment is expected to thrive in the product category due to its wider application including the water treatment sector and the paint industry. It is expected to thrive at a CAGR of 3.4% during the forecast period.
- Industrial grade tops the grade type segments with a CAGR of 3.3% between 2023 and 2033 while it thrived at a lower CAGR of 2.3% during the previous forecast period.
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Competitive Landscape
The focus of key competitors try to deliver the application-specific biocides solution. Furthermore, advanced pharmaceutical companies have extended their research verticals as their in-house biocides production.
Key players in the market are
- Clariant AG
- Lonza Group
- ICL Group
- BASF SE
- DOW
- Veolia
- Troy Corporation
- Nouryon
- Kemira Oyj
- Ecolab USA Inc.
- Albemarle Corporation
- Solvay SA
For instance:
- Clariant AG has introduced its biocides for paints and coatings named as NIPACIDE that protects the paint from microbial contamination. The major biocide products are nipacide BIT 10 W, nipacide BIT 20, and nipacide BK.
- Veolia has launched its Hydrex 7000 biocide chemicals for water treatment that eliminated slime, formation of hydrogen sulfide, corrosion and biofueling
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Key Segments
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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