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2020

Biocides Market

Biocides Market Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Oxidizing Biocides,Non-Oxidizing Biocides), by Application (Water treatment,Personal care,Wood preservation,Paints and coating) and Region: Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Saurabh Dixit| Rutuja Danekar and Eswara Prasad | Eswara Prasad
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Biocides Market Outlook - 2027

The global Biocides Market size was valued at $12.7 billion in 2019, and is expected to reach $20.7 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027.

Report Key Highlighters:

  • The biocides market study covers 20 countries. The research includes a segment analysis of each country in terms of both value ($million) and volume (kilo tons) for the projected period 2020-2027.
  • The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
  • Over 3,700 product literatures, annual reports, industry statements, and other comparable materials from major industry participants were reviewed to gain a better understanding of the market.
  • The biocides market is highly fragmented, with several players including Berkshire Hathaway, BASF SE, DuPont, Kerry, Solvay SA, Lonza Group AG, Lanxess AG, Thor Group Limited, Clariant AG, Corbion N.V., Kemin Industries, Inc., and Nouryon. Also tracked key strategies such as acquisitions, product launches, mergers, expansion etc. of the players operating in the biocides market.

Biocides are products or chemicals that combat pests or microorganisms. These are generally used to control and kill harmful and unwanted organisms such as mold, bacteria, algae, insects, and rodents. Biocides represent various products such as disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, used in homes, and public places such as hospitals and industries. Biocide preservation applications are leading the market, accounting for the largest consumption of specialty biocides in both volume and value terms. Despite regulatory pressures, reducing the number of biocides depending on their concentrations in end products, blends of carefully selected biocidal active substances in optimal ratios, coupled with new technical advancements can provide improved preservation solutions without the need for cautionary labeling.

Biocides-Market-2020-2027

Increasing Use of Biocides in Water Treatment Application

Presently, the global biocides market is witnessing significant opportunities due to increased focus of governments of various economies on the consumption of clean water.

Biocides are expected to register the highest growth in water treatment applications, owing to rise in water quality standards and environmental concerns, which prompts the use of biocides in the industrial and household sectors. Water treatment is expected to be the largest application of biocides, owing to an increase in demand for treated waters from end users. Moreover, the water treatment industry will also witness healthy economic growth due to the increase in number of power plants and heavy industries. Furthermore, phenolic as well as halogenated biocides find vast application in wastewater treatment. Increased governmental emphasis on clean water by the government of both developed and developing nations is forecasted to pave a way for the growth of biocides.

Moreover, with the incorporation and development in silver-based biocides in the form of Nanosilver as an anti-microbial agent in filters to purify drinking water and to clean swimming pool water is further expected to boost the market growth. Water treatment applications use biocides such as oxidizers, such as chlorine and bromine products, and nonoxidizing biocides, including isothiazolones, quats, DBNPA, and glutaraldehyde, which in turn drives the growth of the biocide market during the forecast period. In addition, the growth of the biocide market is driven by an increase in demand from industrial wastewater treatment application, rise in focus on water quality and public health, and others.

Increase in demand for biocides as preservatives in the food and beverage industry coupled with rise in demand from reviving construction industry in North America followed by Asia-Pacific drive the growth of the market for biocides. For instance, growth in the construction industry drives the market for wood preservation and paints and coatings, which in turn drives the market growth. Moreover, the increase in demand for adhesives and sealants further generates the need for greater quantities of in-can preservatives and dry-film fungicides. The continuous shift toward waterborne adhesives and sealants formulations is expected to boost the demand for biocides because adhesives and sealants are more susceptible to microbial attack.

In addition, the increase in demand for biocides from personal care, home care, and cosmetic applications drives the growth of the biocide market during the forecast period. This is attributed to a rise in disposable incomes from the European countries and growth in awareness among mid age people toward physical appearance. Regulatory framework for enforcing industrial water treatment standards is expected to have a boost in the biocide market. Moreover, growth in awareness about the effective use of sanitizers contributes to growth in consumption in hygiene applications. Moreover, the need to minimize infections and in turn the cost of treatment has spurred the use of antimicrobial coatings on hospital window frames, doorknobs, and other areas where hygiene is mandatory, thereby boosting the growth of the biocides market.

Biocides also find wide array of applications in a broad range of products such as antimicrobial coatings and food & pulp industry. Moreover, they control sulfate reducing bacteria and slime forming bacteria in oil well drilling, oil field processing, and gas storage equipment. Thus, emerging applications of biocides is another major factor anticipated to propel the growth of the global biocides market during the forecast period. In addition, growth in need for agrochemicals due to rise in demand for high-quality pest-free crops is another key aspect that drives the growth of the global market. However, environmental regulations on toxic biocides and variation in the prices of raw materials are expected to hinder the market growth during the forecast period.

Biocides, particularly those with persistent or bio accumulative properties, can have adverse effects on the environment. There is growing awareness and concern about the impact of biocides on aquatic ecosystems, wildlife, and overall ecological balance. This has led to increased scrutiny and demand for environmentally friendly alternatives, which can pose a restraint on traditional biocides. Biocides are primarily used for their antimicrobial properties, but there is a growing concern regarding their potential impact on human health. Some biocides have been associated with allergies, respiratory issues, or other adverse health effects, leading to increased scrutiny and calls for safer alternatives. The demand for biocides with low toxicity and minimal impact on human health may limit the growth of certain biocide products. The environmental regulations on toxic biocides and variation in the prices of raw materials are expected to hinder market growth during the forecast period.

The healthcare sector relies heavily on biocides to ensure proper disinfection and control of healthcare-associated infections (HAIs). With the increasing emphasis on infection control and prevention, there is a significant opportunity for biocide manufacturers to develop specialized products for healthcare facilities, including hospitals, clinics, and long-term care facilities.

Biocides find applications in agriculture for crop protection, post-harvest preservation, and animal health. With the global population projected to reach 9 billion by 2050, there is a growing need for sustainable agriculture practices to meet the increasing demand for food. Biocide manufacturers can explore opportunities to develop biocidal solutions that are effective, environmentally friendly, and compatible with integrated pest management approaches. Advances in technology, such as nanotechnology, antimicrobial coatings, and controlled-release systems, offer opportunities for innovation in the biocides market. These advancements can improve the efficacy, safety, and targeted delivery of biocides, opening up new applications and markets.

The global biocides market is segmented on the basis of type, end-use industry, and region. Depending on type, the market is bifurcated into metallic compounds, halogen-based biocides, organic acids, sulphones, phenol-based biocides, and others. Based on end-use industry, the global biocides market is segmented into food & beverage, construction, agriculture, pharmaceutical, personal care, water treatment, paints & coatings, home care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The Biocides Market covers in-depth information of the major industry participants. Some of the major players in the market include Berkshire Hathaway, BASF SE, DuPont, Kerry, Solvay SA, Lonza Group AG, Lanxess AG, Thor Group Limited, Clariant AG, Corbion N.V., Kemin Industries, Inc., and Nouryon.

Other players in the value chain of the Biocides Market include Arkema SA, Troy Corporation, Ercros, SK Chemicals Ltd. Kemira OYJ, and others.

The key players are adopting numerous strategies such as product launch, business expansions, acquisition, and partnership to stay competitive in the global Market.

For instance, BASF increased the capacity for higher carboxylic acids from 55,000 metric tons to 68,000 metric tons per year. Carboxylic acids in these include Isononanoic Acid (INA) and 2-Ethylhexanoic Acid (2-EHA). EHA is also used as building blocks in certain formulations to produce plasticizers, PVC stabilizers, lubricants, biocides, cosmetics, and drying additives for coatings.

In addition, Lanxess acquired Itibanyl Produtos Especiais Ltd. (IPEL). It is one of the Brazil’s leading biocide manufacturers. With this acquisition LANXESS is reinforcing its role as one of the world's leading antimicrobial active ingredients and formulations manufacturers.

Biocides Market, by Type

By type, the halogen-based biocide segment holds the largest market share, owing to increase in demand from oil & gas sector, chemical, pulp & paper, and other industries. In addition, increase in awareness toward waterborne diseases increase the demand for treated water, which in turn drives the growth of the Biocides Market for halogen-based biocides during the forecast period.

Biocides Market
By Type
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Halogen-Based Biocides is projected as the most lucrative segment.

Biocides Market, by End-Use Industry

On the basis of end-use industry, the agriculture segment has garnered the highest market share. This is attributed to increase in demand for crop protection and enhancement applications in the agriculture sector. In addition, rise in awareness toward biocidal products among farmers fuels the growth of the Biocides Market during the forecast period.

Biocides Market
By End Use Industry
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Agriculture is projected as the most lucrative segment.

Biocides Market, by Region

Asia-Pacific has garnered the highest biocides market share in 2019, in terms of volume as well as revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, more than 60% of the total market share in terms of value is from the highest biocide production countries such as China and India.

Biocides Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive qualitative and quantitative analysis of the current Biocides Market trends and future estimations of the market from 2020 to 2027 to determine the prevailing opportunities.
  • A comprehensive Biocides Market analysis of the factors that drive and restrict the growth of the Market is provided.
  • Estimations and Biocides Market forecast are based on factors impacting the growth of the market, in terms of both value and volume.
  • Profiles of leading players operating in the Biocides Market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

Impact Of Covid-19 On The Global Biocides Market

  • The COVID-19 pandemic has caused huge losses of lives and the economy around the globe, leading to uncertainty in the construction, personal care, agriculture, water treatment and others.
  • During COVID-19, the demand for biocides increased from the healthcare sector as it ensures proper disinfection and control of healthcare-associated infections.
  • During the COVID-19, the people were working from home, and attending the schools and colleges online which increased the consumption packaged food products. The demand for biocides increased from the food & beverage industry during pandemic as biocides ensure product safety, prevent microbial contamination, and extend shelf life.
  • The COVID-19 pandemic has heightened public awareness of the importance of hygiene and infection control. This increased focus on cleanliness and disinfection presents opportunities for biocide manufacturers to provide effective solutions for various sectors, including healthcare, transportation, hospitality, and public spaces.

Biocides Market Report Highlights

Aspects Details
Biocides Market By Type
By Type
  • Oxidizing Biocides
  • Non-Oxidizing Biocides
Biocides Market By Application
By Application
  • Water treatment
  • Personal care
  • Wood preservation
  • Paints and coating
Biocides Market By Region
By Region
  • North America  (UNITED STATES, CANADA, MEXICO)
  • Europe  (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Russia, Rest of Europe)
  • Asia-Pacific  (CHINA, JAPAN, INDIA, SOUTH KOREA, AUSTRALIA, Rest of Asia Pacific)
  • LAMEA  (Brazil, South Africa,, Saudi Arabia, UAE, Rest of LAMEA)
Key Market Players
Key Market Players

Solenis, LANXESS, DuPont, Lonza AG, Solvay, Veolia, Kemira OJY, BASF, Nouryon, Ecolab

Analyst Review

According to the perspectives of the CXOs of leading companies in the global biocides market, increase in demand for biocides in developing regions, rapid growth of the agriculture industry, rise in demand for purified water and industrial waste water treatment, and growth of the end users are major drivers of this market. However, environmental regulations on toxic biocides and volatility of prices of raw materials pose threat to the growth of the global biocides market. In 2019, the Asia-Pacific segment occupied the highest market share in the global market, and is the expected to be the fastest growing region in the future. This is attributed to rapid growth of end-user industries, increase in demand for biocides from construction industry, rapid growth of the agriculture industry as well as rise in investments in the enhancement of the waste water treatment industry. Furthermore, CXOs are optimistic about the adoption of biocides in waste water treatment and cooling tower systems. Use of biocides in the personal care industry is another key factor that fuels the growth of the market.

China emerged as the key leader in the Asia-Pacific biocides market both in terms of volume and value. This is attributed to the numerous factors such as manufacturing facilities, R&D infrastructure, and key players in the region. However, the market in India is expected to grow at a rapid rate in the near future.

Author Name(s) : Saurabh Dixit| Rutuja Danekar and Eswara Prasad | Eswara Prasad
Frequently Asked Questions?

In terms of revenue growth, the CAGR of the global biocides market is 6.8% by 2027.

Market opportunity for silver based biocides and development of total organic biocide systems are the key trends in the biocides market.

The potential customers of the biocides market are agriculture, construction, water treatment and pharmaceuticals.

On the basis of type, halogen-based biocides will drive the biocides market growth during the forecast period. On the basis of end use industry, agriculture segment will drive the growth of the biocides market.

The applications of the biocides market are skin care, home care, water treatment, food & beverages and other applications.

Top players in the biocides market are Berkshire Hathaway, BASF SE, DuPont, Kerry, Solvay SA, Lonza Group AG, Lanxess AG, Thor Group Limited, Clariant AG, Corbion N.V., Kemin Industries, Inc., and Nouryon.

In terms of revenue, the market size of biocides market is anticipated to reach $20.7 billion by 2027, growing at CAGR of 6.8% from 2020 to 2027.

Asia-Pacific will provide business opportunities for biocides market during the forecast period. This is attributed to the huge consumer base, increase in construction activities, high demand for clean water and rise in demand from agriculture sector.

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Biocides Market

Global Opportunity Analysis and Industry Forecast, 2021-2031