Biocide Market Growth Overview With Upcoming Opportunities Industry Trends till 2027

The global Biocide market is forecasted to reach USD 14.31 Billion by 2027, according to a new report by Reports and Data. Biocides are chemical products or microorganisms that are used to control the harmful pathogens by chemical or biological synthesis. It is non-toxic in nature, has high cleansing action, and has high resonance with solvents, which makes it compatible with different end-use industries.

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It is widely used in the manufacture of personal products, due to its dual nature. It can be used in antimicrobial agents as well as preservatives in face wash, manufacturing soaps, and cleansing conditioners. Consumers are switching to high-quality products to protect themselves from skin infections, which will foster market demand.

Biocides are used in the healthcare sector, primarily for disinfection purposes of equipment, water, surfaces, and antisepsis. It is also used for the preservation of medicinal and pharmaceutical and sterilization of medical products. Several medical products contain low concentrations of biocides, such as curtains, linens, mops, and mattresses, to control the spread of infection in the hospitals.

North America is anticipated to be the largest player for industrial wastewater treatment owing to the presence of huge infrastructure for oil and gas, mining, and strict regulations against wastewater treatment. It holds 40.2% of the total market share for biocide in 2019.

Further key findings from the report suggest

• • Halogen compounds held a significant share and are quite effective in microbial growth control agents. They are efficient, less costly, and have several applications, and low resistance. The increase in demand for biocides that are in accordance with environmental norms is growing for developing countries.
  • The growing importance of the preservatives in cosmetics to increase shelf life coupled with the upgrading product quality and rising beauty awareness among the population has resulted in an increase in product sales, thus fostering the demand for market growth.
  • There has also been an elevating awareness and understanding of the association between personal hygiene, personal care, and health in developing regions, which is also supporting the expansion of the sector in emerging nations. The expansion of the industry is also supported by healthy employment and growing GDP.
  • Asia Pacific is forecasted to grow with a higher CAGR of 5.0% during the forecast period. The region is heavily populated and home to some contagious diseases. The high poverty level and the existence of slums in poor and developing nations increases the chance of infection and the need to have a hygienic surrounding is crucial in the region.

Top players profiled in the report include:

BASF SE, Akzonobel N.V., The DOW Chemical Company, Troy Corporation, Kemira OYJ, Lanxess AG, Thor Group Limited, Solvay SA, The Lubrizol Corporation, and Clariant AG among others.

Type Outlook (Revenue, USD Billion; 2017-2027)

• Metallic Compounds
• Organic Acids
• Halogen Compounds
• Phenolic Biocides
• Organosulfur Compounds
• Other Biocides

Product Type Outlook (Revenue, USD Billion; 2017-2027)

• Pest Control
• Preservatives
• Others

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Geographic Segment Covered in the Report:

The Biocide report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)
  • Europe (UK, Germany, France, and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • the Middle East and Africa (GCC and the rest of the Middle East and Africa)

Summary of the Biocide Market Research Report:

• Insightful information regarding the global Biocide market
• Strategic recommendations for the investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

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