Product Code: CH 2155
The biocides market is poised for significant growth, with a projected value of USD 12.3 billion by 2029, exhibiting a robust CAGR of 4.9% from its 2024 value of USD 9.7 billion. The biocides market is witnessing substantial growth, primarily driven by two key factors. The expansion of industrial activities and the increasing focus on water treatment plant. As industries such as oil and gas, power plant, and manufacturing continue to grow, the need for biocides becomes necessary for water treatment processes, ensuring safety, and meeting regulatory standards. Biocides play a vital role in maintaining proper hygiene of treated water.
Scope of the Report |
Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million), Volume (Kiloton) |
Segments | Type, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Oxidizing segment is estimated to be the second fastest-growing type for biocides market during the forecast period 2024 to 2029."
In addition to their quick action against a variety of microorganisms and broad-spectrum efficacy, oxidizing biocides are anticipated to grow at the second-fastest rate in the biocides market between 2024 and 2029. They work especially well on water systems that are susceptible to biofilm formation, like drinking water systems, wastewater treatment facilities, and cooling towers. Due to their adaptability, oxidizing biocides are the method of choice in areas where industrial activity and infrastructural projects are growing. Furthermore, oxidizing biocides' efficacy and stability have been enhanced by continuous formulation technology developments, which makes them more appealing for complex systems and long-term use. All of these elements work together to propel the market for oxidizing biocides forward faster.
"Paints & coatings was the third largest segment in biocides market in 2023, in terms of value."
Due to the crucial role biocides play in insulating these products from microbial destruction, the paints and coatings industry is expected to be the third-largest segment in the biocides market by 2023. In order to stop bacteria, fungi, and algae from growing and causing discoloration, odor, and structural damage, biocides are added to paints and coatings. For outdoor applications, where products are subjected to a variety of environmental factors that may encourage the growth of microorganisms, this protection is especially important. The need for biocides is further fueled by the growing usage of water-based paints, which are more prone to microbial contamination. In addition, a greater use of biocides in paints and coatings, cementing, and other building materials has resulted from the growth of infrastructure and building activities around the world as well as a drive toward more durable and sustainable products..
"Asia Pacific is estimated to be the second fastest growing segment of biocides market during forecasted year from 2024 to 2029, in terms of value."
The demand for biocides in a variety of sectors is driven by accelerated industrialization, urbanization, and population growth, making Asia Pacific the second-fastest-growing region in the biocides market from 2024 to 2029. Effective antimicrobial solutions are necessary to maintain safety and regulatory compliance in the region's developing construction, healthcare, water treatment, and food processing industries. The market is growing because of rising customer awareness of and demand for cleanliness and hygiene in both residential and commercial settings. Infrastructure growth and government programs to enhance sanitation and water quality contribute to the growing need for biocides. Furthermore, the region's expanding emphasis on green biocides and environmental sustainability fits with worldwide trends, which promotes market expansion.
In the meticulous process of determining and verifying market sizes for multiple segments and subsegments, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
- By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
- By Designation: - Director Level - 27%, C-Level - 25%, and Others - 48%
- By Region: North America - 32%, Europe - 28%, Asia Pacific - 21%, South America - 12%, and Middle East & Africa - 7%
The key market players illustrated in the report include LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), Nouryon (Netherlands), General Electric Company (US), Evonik Industries AG (Germany), Solvay SA (Belgium), and Clariant AG (Switzerland).
Research Coverage
This report segments the market for biocides market based on type, application, and region, and provides estimations for the overall value (USD Million) of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for biocides.
Reasons to buy this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the biocides market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (Increase in antimicrobial protection in end-use industries, stringent regulatory environment, government focus on consumption of clean water), restraints (lengthy and expensive registration process, environmental regulations on toxic biocides), opportunities (rising demand for green biocides, emerging applications of biocidal products), and challenges (fluctuating raw material prices).
- Market Penetration: Comprehensive information on biocidess market offered by top players in the global biocidess market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the biocidess market.
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for biocidess market across regions
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global biocidess market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the biocidess market
- Impact of AI/GenAI on biocidess market
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 BIOCIDES MARKET: INCLUSIONS & EXCLUSIONS
- 1.2.2 BIOCIDES MARKET: DEFINITION AND INCLUSIONS, BY TYPE
- 1.2.3 BIOCIDES MARKET: DEFINITION AND INCLUSIONS, BY APPLICATION
- 1.3 STUDY SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 YEARS CONSIDERED
- 1.3.3 CURRENCY CONSIDERED
- 1.3.4 UNITS CONSIDERED
- 1.4 STAKEHOLDERS
- 1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Interviews with experts: Demand and supply sides
- 2.1.2.2 Key industry insights
- 2.1.2.3 Breakdown of interviews with experts
- 2.2 MARKET SIZE ESTIMATION
- 2.3 DATA TRIANGULATION
- 2.4 GROWTH RATE ASSUMPTIONS
- 2.4.1 SUPPLY SIDE
- 2.4.2 DEMAND SIDE
- 2.5 ASSUMPTIONS
- 2.6 LIMITATIONS
- 2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOCIDES MARKET
- 4.2 BIOCIDES MARKET, BY APPLICATION
- 4.3 ASIA PACIFIC: BIOCIDES MARKET, BY APPLICATION AND COUNTRY
- 4.4 REGIONAL ANALYSIS: BIOCIDES MARKET, BY TYPE
- 4.5 BIOCIDES MARKET, BY REGION
- 4.6 BIOCIDES MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increase in antimicrobial protection in end-use industries
- 5.2.1.2 Stringent regulatory environment
- 5.2.1.3 Government focus on consumption of clean water
- 5.2.2 RESTRAINTS
- 5.2.2.1 Lengthy and expensive registration process
- 5.2.2.2 Environmental regulations on toxic biocides
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Rising demand for green biocides
- 5.2.3.2 Emerging applications of biocidal products
- 5.2.4 CHALLENGES
- 5.2.4.1 Fluctuating raw material prices
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 THREAT OF SUBSTITUTES
- 5.3.3 BARGAINING POWER OF SUPPLIERS
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.4 MACROECONOMIC INDICATORS
- 5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
6 INDUSTRY TRENDS
- 6.1 SUPPLY CHAIN ANALYSIS
- 6.1.1 RAW MATERIAL
- 6.1.2 MANUFACTURER
- 6.1.3 DISTRIBUTION NETWORK
- 6.1.4 APPLICATION
- 6.2 KEY STAKEHOLDERS & BUYING CRITERIA
- 6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 6.2.2 BUYING CRITERIA
- 6.3 PRICING ANALYSIS
- 6.3.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
- 6.3.2 AVERAGE SELLING PRICE TREND, BY REGION
- 6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 6.4.1 REVENUE SHIFT & REVENUE POCKETS FOR BIOCIDES MARKET
- 6.5 ECOSYSTEM ANALYSIS/MARKET MAP
- 6.6 TECHNOLOGY ANALYSIS
- 6.6.1 KEY TECHNOLOGIES
- 6.6.1.1 Aqueous process
- 6.6.1.2 Kemira KemConnect DEX technology
- 6.6.1.3 Thor AMME (Advanced Micro Matrix Embedding) technology
- 6.7 CASE STUDY ANALYSIS
- 6.7.1 VEOLIA GROUP
- 6.7.2 ECOLAB INC.
- 6.7.3 EVONIK INDUSTRIES AG
- 6.8 TRADE DATA STATISTICS
- 6.8.1 IMPORT SCENARIO OF BIOCIDES
- 6.8.2 EXPORT SCENARIO OF BIOCIDES
- 6.9 REGULATORY LANDSCAPE
- 6.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.10 KEY CONFERENCES & EVENTS IN 2024
- 6.11 INVESTMENT AND FUNDING SCENARIO
- 6.12 PATENT ANALYSIS
- 6.12.1 APPROACH
- 6.12.2 DOCUMENT TYPE
- 6.12.3 TOP APPLICANTS
- 6.12.4 JURISDICTION ANALYSIS
- 6.13 IMPACT OF AI/GEN AI ON BIOCIDES MARKET
7 BIOCIDES MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 OXIDIZING BIOCIDES
- 7.2.1 PREVENTION OF MICROBIAL DEVELOPMENT IN INDUSTRIAL, MUNICIPAL, AND HEALTHCARE SECTORS TO DRIVE MARKET
- 7.2.2 HALOGEN COMPOUNDS
- 7.3 NON-OXIDIZING BIOCIDES
- 7.3.1 EXTENSIVE USE IN OIL & GAS PRODUCTION TO DRIVE MARKET
- 7.3.2 METALLIC COMPOUNDS
- 7.3.3 QUATERNARY AMMONIUM COMPOUNDS
- 7.3.4 ORGANOSULFUR
- 7.3.5 GLUTARALDEHYDE
- 7.3.6 ORGANIC ACIDS
- 7.3.7 PHENOLIC COMPOUNDS
- 7.4 OTHER BIOCIDE TYPES
8 BIOCIDES MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 WATER TREATMENT
- 8.2.1 RAPID INDUSTRIALIZATION, ENVIRONMENTAL AWARENESS, AND REGULATIONS TO DRIVE MARKET
- 8.2.2 MUNICIPAL WATER TREATMENT
- 8.2.2.1 Growing population, limited freshwater resources, and increasing water scarcity to drive market
- 8.2.3 OIL & GAS
- 8.2.3.1 Need for microbial control for operational efficiency to drive market
- 8.2.4 POWER PLANTS
- 8.2.4.1 Growth of power generation industry to drive market
- 8.2.5 PULP & PAPER
- 8.2.5.1 Use of high volumes of processed water for pulp preparation and bleaching to drive market
- 8.2.6 SWIMMING POOLS
- 8.2.6.1 Demand for chlorine-based disinfectants to drive market
- 8.2.7 MINING
- 8.2.7.1 Extensive use for water-intensive industry to drive market
- 8.2.8 OTHER WATER TREATMENT APPLICATIONS
- 8.3 INDUSTRIAL & INSTITUTIONAL CLEANING AND HOME CARE
- 8.3.1 RISING AWARENESS AMONG CONSUMERS REGARDING HYGIENE TO DRIVE MARKET
- 8.4 WOOD PRESERVATIVES
- 8.4.1 RESIDENTIAL CONSTRUCTION AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET
- 8.5 PAINTS & COATINGS
- 8.5.1 PREVENTION OF GROWTH OF BACTERIA, YEASTS, FUNGI, AND MOLDS TO DRIVE MARKET
- 8.5.2 MARINE COATINGS
- 8.5.2.1 Prevention of drag, reduction of vessel speed, and increased fuel consumption to drive market
- 8.5.3 OTHER PAINT & COATING APPLICATIONS
- 8.6 OTHER APPLICATIONS
9 BIOCIDES MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 ASIA PACIFIC
- 9.2.1 CHINA
- 9.2.1.1 Exponential growth of manufacturing industry to drive market
- 9.2.2 INDIA
- 9.2.2.1 Increased demand for clean drinking water and construction activities to drive market
- 9.2.3 JAPAN
- 9.2.3.1 Infrastructure, shipbuilding, and automotive sectors to drive market
- 9.2.4 SOUTH KOREA
- 9.2.4.1 Shipbuilding, chemical, automotive, and water treatment sectors to drive market
- 9.2.5 INDONESIA
- 9.2.5.1 Increasing FDI in manufacturing industry to drive market
- 9.2.6 AUSTRALIA AND NEW ZEALAND
- 9.2.6.1 Consumer goods, mining, wood, and power industries to drive market
- 9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.1.1 Increased demand for environment-friendly biocides to drive market
- 9.3.2 FRANCE
- 9.3.2.1 Large chemical industry to drive market
- 9.3.3 ITALY
- 9.3.3.1 Demand for environmentally friendly non-oxidized and oxidized biocides to drive market
- 9.3.4 UK
- 9.3.4.1 R&D investments in chemical industry to drive market
- 9.3.5 RUSSIA
- 9.3.5.1 Oil & gas sector to drive market
- 9.4 NORTH AMERICA
- 9.4.1 US
- 9.4.1.1 Large chemical industry to drive market
- 9.4.2 CANADA
- 9.4.2.1 Demand for water treatment and wood preservatives to drive market
- 9.4.3 MEXICO
- 9.4.3.1 Increased construction activities to drive market
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 GCC
- 9.5.1.1 Expansion of oil & gas industry to support market growth
- 9.5.1.2 Saudi Arabia
- 9.5.1.2.1 High consumption of biocides in oil & gas sector to drive market
- 9.5.1.3 UAE
- 9.5.1.3.1 Construction industry to drive market
- 9.5.2 IRAN
- 9.5.2.1 Rising industrialization to drive market
- 9.5.3 SOUTH AFRICA
- 9.5.3.1 Presence of automotive plants to drive market
- 9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.1.1 Construction industry to drive market
- 9.6.2 ARGENTINA
- 9.6.2.1 Demand for mining and oil sectors to drive market
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY BIOCIDE MANUFACTURERS
- 10.3 MARKET SHARE ANALYSIS
- 10.4 REVENUE ANALYSIS, 2019-2023
- 10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.5.1 STARS
- 10.5.2 EMERGING LEADERS
- 10.5.3 PERVASIVE PLAYERS
- 10.5.4 PARTICIPANTS
- 10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.5.5.1 Company footprint
- 10.5.5.2 Region footprint
- 10.5.5.3 Type footprint
- 10.5.5.4 Application footprint
- 10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 10.6.1 PROGRESSIVE COMPANIES
- 10.6.2 RESPONSIVE COMPANIES
- 10.6.3 DYNAMIC COMPANIES
- 10.6.4 STARTING BLOCKS
- 10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 10.6.5.1 Detailed list of key startups/SMES
- 10.6.5.2 Competitive benchmarking of key startups/SMEs
- 10.7 BRAND/PRODUCT COMPARISON
- 10.8 COMPANY VALUATION AND FINANCIAL METRICS
- 10.9 COMPETITIVE SCENARIO
- 10.9.1 DEALS
- 10.9.2 EXPANSIONS
- 10.9.3 PRODUCT LAUNCHES
- 10.9.4 OTHER DEVELOPMENTS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 LANXESS AG
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 Recent developments
- 11.1.1.4 MnM view
- 11.1.1.4.1 Right to win
- 11.1.1.4.2 Strategic choices
- 11.1.1.4.3 Weaknesses and competitive threats
- 11.1.2 VEOLIA GROUP
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 Recent developments
- 11.1.2.3.1 Deals
- 11.1.2.3.2 Expansions
- 11.1.2.4 MnM view
- 11.1.2.4.1 Right to win
- 11.1.2.4.2 Strategic choices
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 ARXADA AG
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.4 MnM view
- 11.1.3.4.1 Right to win
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 ECOLAB INC.
- 11.1.4.1 Business overview
- 11.1.4.2 Products/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.3.1 Deals
- 11.1.4.3.2 Expansions
- 11.1.4.3.3 Other developments
- 11.1.4.4 MnM view
- 11.1.4.4.1 Right to win
- 11.1.4.4.2 Strategic choices
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 NOURYON
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 Recent developments
- 11.1.5.3.1 Deals
- 11.1.5.3.2 Expansions
- 11.1.5.4 MnM view
- 11.1.5.4.1 Right to win
- 11.1.5.4.2 Strategic choices
- 11.1.5.4.3 Weaknesses and competitive threats
- 11.1.6 GENERAL ELECTRIC COMPANY
- 11.1.6.1 Business overview
- 11.1.6.2 Products/Solutions/Services offered
- 11.1.6.3 MnM view
- 11.1.6.3.1 Right to win
- 11.1.6.3.2 Strategic choices
- 11.1.6.3.3 Weaknesses and competitive threats
- 11.1.7 EVONIK INDUSTRIES AG
- 11.1.7.1 Business overview
- 11.1.7.2 Products/Solutions/Services offered
- 11.1.7.3 MnM view
- 11.1.7.3.1 Right to win
- 11.1.7.3.2 Strategic choices
- 11.1.7.3.3 Weaknesses and competitive threats
- 11.1.8 SOLVAY SA
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 Recent developments
- 11.1.8.4 MnM view
- 11.1.8.4.1 Right to win
- 11.1.8.4.2 Strategic choices
- 11.1.8.4.3 Weaknesses and competitive threats
- 11.1.9 CLARIANT AG
- 11.1.9.1 Business overview
- 11.1.9.2 Products/Solutions/Services offered
- 11.1.9.3 MnM view
- 11.1.9.3.1 Right to win
- 11.1.9.3.2 Strategic choices
- 11.1.9.3.3 Weaknesses and competitive threats
- 11.1.10 ITALMATCH CHEMICALS S.P.A.
- 11.1.10.1 Business overview
- 11.1.10.2 Products/Solutions/Services offered
- 11.1.10.3 Recent developments
- 11.1.10.3.1 Product launches
- 11.1.10.3.2 Deals
- 11.1.11 SOLENIS
- 11.1.11.1 Business overview
- 11.1.11.2 Products/Solutions/Services offered
- 11.1.11.3 Recent developments
- 11.2 OTHER PLAYERS
- 11.2.1 KEMIRA OYJ
- 11.2.2 STEPAN COMPANY
- 11.2.3 DANAHER CORPORATION
- 11.2.4 ALBEMARLE CORPORATION
- 11.2.5 FMC CORPORATION
- 11.2.6 ICL GROUP
- 11.2.7 BASF SE
- 11.2.8 CES ENERGY SOLUTIONS CORP.
- 11.2.9 ARKEMA SA
- 11.2.10 THE LUBRIZOL CORPORATION
- 11.2.11 THOR GROUP LIMITED
- 11.2.12 CHEMICREA INC.
- 11.2.13 MERCK KGAA
- 11.2.14 ACCEPTA WATER TREATMENT
12 ADJACENT & RELATED MARKETS
- 12.1 INTRODUCTION
- 12.2 LIMITATIONS
- 12.3 WATER TREATMENT CHEMICALS MARKET
- 12.3.1 MARKET DEFINITION
- 12.3.2 MARKET OVERVIEW
- 12.4 WATER TREATMENT CHEMICALS MARKET, BY REGION
- 12.4.1 NORTH AMERICA
- 12.4.2 EUROPE
- 12.4.3 ASIA PACIFIC
- 12.4.4 MIDDLE EAST & AFRICA
- 12.4.5 SOUTH AMERICA
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS