Biocides Market by Type (Oxidising and Non-oxidising), Application (Water Treatment, Personal Care, Paints and Coatings, Paper and Pulp, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 11 billion mark in 2022 and is expected to hit US$ 16 billion by 2030, recording a CAGR of 4.8% during the forecast period.
Biocides market has been significantly growing with the increasing their demand from various application fields
The major factor driving the biocides market growth is the increasing demand for biocides from different application fields such as water treatment, personal care, paints and coatings, paper and pulp, agriculture, and others. Biocides are highly used in different cosmetics and personal care products. The cosmetic biocides are designed to cleanse the skin by inhibiting the growth of microorganisms in different cosmetic finished products. The biocides are added to paints as means of protection against microbes, bacteria, aquatic organisms and alga. This helps in increasing paint products’ shelf-life and paint film resilience through time. The strong growth of the construction, automotive, etc. industries in various countries across the globe is fuelling the demand for paints and coatings. This, in turn, is creating the demand for biocides. The oxidising segment is expected to pace up with the growing use of these types of biocides in the water treatment application. Further, other segment such as non-oxidising is also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into oxidising and non-oxidising. On the basis of application, the market is segmented into water treatment, personal care, paints and coatings, paper and pulp, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Strong growth of the biocides market in Asia Pacific region
The strong growth of the biocides market in the Asia Pacific region is mainly attributed to a high demand for biocides from applications such as water treatment, personal care, paints and coatings, paper and pulp, and others. China is one of the major markets for biocides in Asia Pacific. Further, biocides market growth in region is also driven by growing water and wastewater treatment activities. In Singapore, the government has developed an advanced system for treating sewage involving a network of tunnels and high-tech plants.
Increasing focus on water and wastewater treatment activities
Across the globe, water and wastewater treatment is becoming increasingly important. Various European countries are progressing toward wastewater treatment targets, protection of sensitive water systems, and the use of wastewater sludge. The European Environment Agency (EEA) published data in 2021, which show that the collection and treatment of wastewater are improving across Europe. As per the data from the EEA, Austria, Germany, Luxembourg, and the Netherlands treat 100% of their urban wastewater in compliance with the Directive’s requirements, and 10 additional countries have reached over 90% compliance rate. Further, the increasing demand for clean water, growing water contamination, stringent government regulations on water treatment, and increasing industrial waste discharge into water bodies have necessitated initiatives to expand wastewater treatment facilities in Southeast Asia. Biocides are used for drinking water treatments, and wastewater treatments. Hence, the increasing focus on water and wastewater treatment activities is creating a demand for biocides.
Recent strategic developments in biocides market
The biocides market has undergone several significant developments, and a few of these have been mentioned below:
- In January 2021, LANXESS strengthen its biocides business with the acquisition of INTACE. The Paris-based biocide company is a manufacturer of specialty fungicides for the packaging industry.
- In 2020, BASF launched new biocide Serifel. Serifel application on crops prevents the occurrence of fungal pathogens.
The biocides market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, Dow, Clariant, Kemira, and LANXESS are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Biocides related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industries of biocides
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Water Treatment
- Personal Care
- Paints and Coatings
- Paper and Pulp
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- BASF SE
- BASF SE