PUBLISHER: Meticulous Research | PRODUCT CODE: 1576676
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576676
Microbial Control Chemicals Market Size, Share, Forecast, & Trends Analysis by Method (Sterilization, Disinfection, Antisepsis), Type (Phenolics, Halogens, Aldehyde, Alcohol), End-use Industry (Water Treatment, Healthcare)-Global Forecast to 2031
According to a new market research report titled, Microbial Control Chemicals Market Size, Share, Forecast, & Trends Analysis by Method (Sterilization, Disinfection, Antisepsis), Type (Phenolics, Halogens, Aldehyde, Alcohol), End-use Industry (Water Treatment, Healthcare)-Global Forecast to 2031,' published by Meticulous Research(R), the microbial control chemicals market is projected to reach $8.34 billion by 2031, at a CAGR of 6.1% from 2024 to 2031. The report provides an in-depth analysis of the microbial control chemicals market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.
The growth of the microbial control chemicals market is primarily driven by the growth in the food processing industry and rising concerns regarding food safety, the growing need for water treatment, and the stringent regulations regarding hygiene and product safety in various industries. However, stringent regulations regarding hygiene & product safety in various industries and the emergence of microbial resistance to these chemicals may restrain the growth of this market.
Furthermore, the growing awareness about the importance of hygiene and cleanliness and technological advancements in microbial control chemicals are expected to create significant growth opportunities for the stakeholders in this market. On the other hand, the environmental concerns associated with the use of these chemicals pose a major challenge impacting the growth of the microbial control chemicals market.
Key Players
The key players operating in the microbial control chemicals market are Lonza Group Ltd. (Switzerland), Solvay S.A. (Belgium), LANXESS AG (Germany), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Ecolab Inc. (U.S.), Thor GmbH (Germany), BASF SE (Germany), Stepan Company (U.S.), and Albemarle Corporation (U.S.).
Based on method, the microbial control chemicals market is segmented into sterilization, disinfection, and antisepsis. In 2024, the sterilization segment is expected to account for the largest share of the microbial control chemicals market. This segment's large market share is driven by increasing demand for sterilization in pharmaceutical, healthcare, and food processing facilities and advancements in sterilization chemicals.
However, the disinfection segment is projected to record the highest CAGR during the forecast period. This segment's rapid growth is primarily driven by rising awareness about hygiene, advancements in disinfection technologies, the introduction of eco-friendly disinfection solutions, and expanding applications of various microbial control chemicals, such as aldehydes, oxidizing agents, halogens, alcohols, and phenolics.
Based on Type, the microbial control chemicals market is segmented into phenolics, halogens, oxidizing agents, aldehyde, alcohol, heavy metals, and other microbial control chemicals. In 2024, the phenolics segment is expected to account for the largest share of 36.0% of the microbial control chemicals market. This segment's large market share is due to increasing demand for effective disinfection solutions, concerns over microbial contamination, and increasing utilization of phenolics in healthcare and food processing.
Based on End-use Industry, the microbial control chemicals market is segmented into water treatment, healthcare, personal care, food & beverage, wood preservation, oil & gas, and other end-use industries. In 2024, the water treatment segment is expected to account for the largest share of the microbial control chemicals market. This segment's large market share is attributed to declining freshwater resources, rising incidence of waterborne diseases, rapid population growth & urbanization, stringent water treatment & environmental regulations.
Based on geography, the microbial control chemicals market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the microbial control chemicals market, followed by Asia-Pacific, Europe, Latin America, and Middle East & Africa. The large share of this regional market is attributed to the presence of major market players, well-established food processing and pharmaceutical industries, and strict regulations regarding food safety & hygiene in the region, and advanced healthcare infrastructure.
Microbial Control Chemicals Market Assessment-by Method
Microbial Control Chemicals Market Assessment-by Type
Microbial Control Chemicals Market Assessment-by End-use Industry
Microbial Control Chemicals Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided.)