According to the latest report by IMARC Group, titled “Biocides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global biocides market exhibited a CAGR of 4% during 2015-2020. Biocides are chemical substances or microorganisms that are intended to destroy, deter, render harmless, and exert controlling effects on harmful organisms by chemical and biological means. Some of the biocides used are pesticides, herbicides, and fungicides,chlorine dosed with sodium hypochlorite, and halogenated hydantoin compounds. They are used as disinfectants, oxidizing agents, and preservativesto suppress harmful organisms, such as pests and germs, that cause damage to natural or manufactured materials. In recent years, the demand for biocides has increased as they are used in industrial water treatment and as a disinfectant in swimming pools to protect against biological infestations and growth.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Biocides Market Trends:
The global biocides market is primarily driven by their increasing applications in various industries. Biocides are used in wastewater treatment systems to prevent the growth of microorganisms, such as bacteria and algae, in the municipal drinking water systems, pipes in pools and industrial water treatment systems. In the oil and gas industry, the metal infrastructure undergoes microbially influenced corrosion and the stagnant liquid in pipelines, necessitating the use of non-oxidizing biocides. They control sulfate-reducing bacteria and slime forming bacteria in oil well drilling, oil field processing, and gas storage equipment. Moreover, the growing need for agrochemicals due to the rising demand for high-quality pest-free crops has resulted in the development of environment-friendly halogen biocides, which ispositively impacting the market growth. Furthermore, the rapid spread of the coronavirus disease (COVID-19) pandemic has escalated the demand for cleaning products, including disinfectants, wipes, sprays, and cleaning liquids. This has led to the widespread adoption of biocides in the manufacturing of cleaning agents. Looking forward, the market is expected to exhibit moderate growth during the forecast period (2021-2026).
- Based on the product, the market has been segmented into halogen compounds, metallic compounds, organosulfur compounds, organic acids, phenolics, and others.
- On the basis of the application, the market has been classified into water treatment, food and beverage, personal care, wood preservation, paints and coatings, construction, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players beingAkzo Nobel N.V., Albemarle Corporation, BASF SE, ChemTreat Inc. (Danaher Corporation), Clariant AG, Dow Inc., Finoric LLC, Lanxess AG, Shanghai Zhongxin Yuxiang Chemicals Co. Ltd., Solvay S.A., The Lubrizol Corporation (Berkshire Hathaway Inc.), Troy Corporation, and Wuxi Honor Shine Chemical Co. Ltd.
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