PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587902
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587902
Biocides Market, By Product Type, By Application, By Geography
The biocides market is estimated to be valued at USD 9.71 Bn in 2024 and is expected to reach USD 12.91 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 9.71 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 4.10% | 2031 Value Projection: | US$ 12.91 Bn |
Biocides refer to chemical substances that are used to destroy or control harmful living organisms like pests, germs, algae, fungi, and other potentially dangerous microorganisms. They help protect health as well as prevent deterioration of materials caused by biological agents. Rising hygiene concerns along with strict regulations regarding indoor air quality have augmented the demand for biocides from various end-use industries like food & beverage, wood preservation, medical, paints & coatings, and others.
Market Dynamics
The global biocides market is driven by rising hygiene awareness among individuals as well as industrial end users. Stringent regulations regarding indoor air quality and water treatment across various countries is further augmenting the market growth. Growing construction industry worldwide along with increasing spent on infrastructure development projects is another major factor bolstering the demand for biocides. However, shifting consumer preference towards bio-based and safer alternatives due to environmental concern can restrain the market expansion. Moreover, the development of resistant microbes poses a big challenge. Nevertheless, the emergence of innovative product formulations integrated with advanced technologies is expected to present lucrative opportunities for market players in the near future. Furthermore, the increasing consumption of packaged and processed food owing to changing lifestyles has augmented the need for biocides to prevent spoilage. However, stringent environmental regulations regarding the use of certain biocides along with availability of alternatives are expected to hamper the market growth. On the other hand, research & development activities to develop bio-based and eco-friendly biocides are expected to create new opportunities in the coming years.
Key Features of the Study
This report provides in-depth analysis of the global biocides market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global biocides market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AkzoNobel N.V., Albemarle Corporation, Arch Chemicals Inc., Ashland Inc., BASF SE, Champion Technologies, Clariant AG, Lanxess, Lubrizol, The Dow Chemical Company, THOR Group Limited, and Troy Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global biocides market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biocides market
Market Segmentation
- By Product Type Insights (Revenue, USD, 2019 - 2031)
- Halogen compounds
- Metallic compounds
- Organosulfur
- Phenolic
- Nitrogen
- Others
- By Application Insights (Revenue, USD, 2019 - 2031)
- Water treatment
- Food and beverage
- Personal care
- Wood preservation
- Paints and coatings
- Others
- By Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- AkzoNobel N.V.
- Albemarle Corporation
- Arch Chemicals Inc.
- Ashland Inc.
- BASF SE
- Champion Technologies
- Clariant AG
- Lanxess
- Lubrizol
- The Dow Chemical Company
- THOR Group Limited
- Troy Corporation
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Biocides Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Biocides Market - COVID-19
- Impact Analysis
5. Global Biocides Market, By Product Type, 2019-2031 (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Halogen compounds
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Metallic compounds
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Organosulfur
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Nitrogen
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Biocides Market, By Application, 2019-2031 (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Water treatment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food and beverage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Personal care
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wood preservation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Paints and coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Biocides Market, By Region, 2024-2031 (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- AkzoNobel N.V.
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Albemarle Corporation
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Arch Chemicals Inc.
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Ashland Inc.
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Champion Technologies
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Clariant AG
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Lanxess
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Lubrizol
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- The Dow Chemical Company
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- THOR Group Limited
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Troy Corporation
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- AkzoNobel N.V.
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
