Biocides Market Size, Share & Trends Analysis Report By Product Types, And Applications Forecast To 2028

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Stratview Research delivers key insights on the global Biocides Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

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Market Insights

The Biocides Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

AkzoNobel

Albemarle Corporation

Baker Hughes Incorporated

BASF SE

BWA Water Additives

Lonza

Nalco Champion

Solvay S.A.

The Lubrizol Corporation

Valtris Specialty Chemicals.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Biocides Market value and growth drivers over the trend period of 2022-27. According to the report -

Biocides Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The use of biocides in manufacturing soaps, cleansing conditioners, and face wash as preservatives and antimicrobial agents, is one of the factors, likely to accelerate the product demand in the market as consumers’ preferences are rapidly shifting towards high-quality ingredients with sanitizing and cleansing features for protecting themselves from any kind of skin infection. Further, other factors such as adoption of high-quality biocide solution by cosmetic industry players in manufacturing cosmetic products attributes to the growing competition in the industry, and rapid growth in the numbers of engaged manufacturers in the development of new products is expected to fuel the growth of the market during the forecast period.

Segment Analysis:

Based on Application Type:

Based on the application type, the market is segmented as water treatment, food beverage, personal care, wood preservation, paints coatings, HVAC, boilers, oil gas, fuels, and others. Food Beverage application is estimated to witness significant growth rate over the forecast period. The growth of the segment is bolstered by the strict sanitary rules in the food beverage sector. Factors such as rapid adoption of high-quality ingredients by the fast food industry players in an attempt to boost their brand image and enhance hygiene conditions for getting better rating, growing concerns on bacterial viral infections, and rise in demand for quick acting and high-performance solutions, which are used in cleaning utensils made from iron, Teflon, stainless steel, and also helps in minimizing the contamination of food, are expected to fuel the growth of the market during the forecast period.

Based on Region:

In terms of regions, North America is estimated to witness high growth rate in the market, during the forecast period. This growth is attributed to rapid shifting towards natural gas solutions. Natural gas is the cleanest fossil fuel which is utilized in upstream downstream operations, and also used in various stages of production, whether in extraction, transmission, or storage. Factors such as the growing applications of natural gas in automobile, electrical, manufacturing, general, and water heating applications, attempt of industry players to capitalize on emerging trends in the market by fueling the eco-friendly and sustainability methods for strengthening brand image, and growing adoption of cleaner alternatives by customers, are expected to accelerate the natural gas demand, thereby fueling the growth of the biocides market during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

  • Appropriate market trend and forecast analysis.
  • All-inclusive report
  • Decent price-performance ratio
  • Reliable data
  • Attractive market segments and associated growth opportunities.

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