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Biocides Market Size
Biocides market size exceeded USD 11.15 billion in 2019 and is estimated to grow at over 5.4% CAGR between 2020 and 2026. Increasing demand for ingredients with antimicrobial properties and changing perceptions towards hygiene is likely to boost product demand during the forecast timeframe.
Biocide is a microorganism or chemical product that is intended to render, deter, destroy or exert controlling effect on harmful pathogens by biological or chemical synthesis. Its characteristics such as high cleansing action, nontoxic nature, and high resonance with solvents makes it compatible for various end industries.
Biocides are widely used in manufacturing personal products owing to its dual characteristics. It is used as preservative and antimicrobial agent in manufacturing soaps, face wash, and cleansing conditioners. Consumers are rapidly moving towards high quality ingredients with cleansing and sanitizing properties to protect themselves from skin infections, a factor which is likely to boost the biocides market share.
Cosmetic industry players are also adopting high quality biocide solutions in manufacturing cosmetic products owing to rising competition in industry. Manufacturers are rapidly engaging in new product development, R&D activities to market their products with antimicrobial, cleansing, and sanitizing taglines which is likely to accelerate the biocides market.
| Report Attributes | Details |
|---|---|
| Base Year: | 2019 |
| Market Size in 2019: | 11.15 (USD) Billion |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 5.40% |
| 2026 Value Projection: | 15.94 Billion (USD) |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 175 |
| Tables, Charts & Figures: | 150 |
| Segments covered: | Application, Product |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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European Union, Biocide Product Regulation (528/2020) regulates the concentration of biocides in applications such as food, agriculture, cosmetics, and general industry. The regulations are placed to protect animals, humans and materials from long lasting effects of active substances found in biocides. The regulation is also helping industry players to manufacture high quality products under strict quality checks which is likely to boost the biocides market penetration.
Biocides Market Analysis
Food & beverage application is likely to grow with a CAGR of 4.4% by the end of 2026 owing to strict sanitary norms in the F&B sector. Biocide solutions are widely used in manufacturing cleansing solutions owing to its high susceptibility against grease, oil, microbes, and pathogens. Industry players in fast food industry are rapidly adopting high quality ingredients in an attempt to boost their brand image and improve hygiene conditions to getter better rating which is likely to augment the biocides market sales.
Increasing concerns on bacterial & viral infections, and rising demand for quick acting and high-performance solutions is likely to boost the biocides market demand. These solutions are also used in cleaning utensils made from iron, stainless steel, and Teflon. These solutions not only help in reducing food related contaminated diseases but also prevent cross contamination, thus ensuring maximum food safety standards.
Water treatment segment is likely to surpass USD 4 billion by the end of 2026 owing to increasing awareness on water quality standards. Common halogens used in water treatment consist of chlorine and fluorine owing to its non-toxic nature. Halogen compounds are widely used in water treatment industry as it aids in removing organic and synthetic impurities which is likely to augment the biocides market value.
Changing consumer perceptions on water purification and strict government regulations on cleaning additive is likely to augment market share. Halogen biocides does not cloud water, effect taste & odor, and does not react with impurities to produce harmful substances. Halogen biocides are also effective against wide variety of viruses, pathogens, gram positive and gram negative bacteria which is likely to boost the biocides market growth.
Strict lockdown conditions, social distancing measures, and limited trade is likely to impact the biocides market growth. Industries such as food & beverage retail, cosmetics, and oil & gas are likely to be affected owing to reduced demand. Furthermore, conservative consumer buying behavior patterns, closure of restaurants & fast food joints, stimulus package to help workers, and other conservative efforts to reduce the impact of COVID-19 is likely to restrict growth in the short run.
North America is likely to surpass USD 6 billion by the end of 2026 owing to rapid shift towards natural gas solutions. Natural gas is the cleanest fossil fuel and biocides are widely used in upstream & downstream operations of natural gas which should boost the biocides market trends. They are used in various stages of production ranging from extraction, transmission and storage.
Increasing application of natural gas in automobiles, electrical, general, manufacturing, and water heating applications is likely to boost product demand. Industry players in this region are trying to capitalize on emerging trends in market by boosting environment friendly and sustainability measures to strengthen brand image. Furthermore, increasing adoption of cleaner alternatives by consumers is likely to accelerate natural gas demand, thus boosting the biocides market revenue.
Biocides Market Share
The global market is consolidated, and key players include in the biocides industry are
- AkzoNobel
- Lonza
- BASF
- Solvay
- Sigma – Aldrich
- Dow Chemical Company
- DuPont
- Lanxess
- GE Water and Process Technologies
- Lubrizol
- Baker Hughes Incorporated
- Thor Group Limited
- Troy Corporation
- Clariant AG
- Buckman Laboratories International
Companies are rapidly engaged in new product development and acquiring firms in an attempt to broaden their strengthen brand image & equity and geographical presence.
In February 2020, LANXESS a Brazilian biocide manufacturer of speciality chemicals completed the acquisition of Brazilian biocide manufacturer IPEL, Speciality Chemicals (Itibanyl Produtos Especiais Ltda). This acquisition will help the company to strengthen its presence in Latin America.
On 4th July 2017, Evonik introduced a new disinfectant biocide active Hyprox AS. This new product launch is within the EU norms of Biocidal Products Regulation (EU) 528/2012. It helped the company in strengthening their presence in Europe along with boosting their brand recognition & acceptance.
The biocides market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of revenue (USD Million) from 2015 to 2026, for the following segments:
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By Application
- Food & beverage
- Water treatment
- Wood preservation
- Paints & coatings
- Personal Care
- Boilers
- HVAC
- Oil & Gas
- Others
By Product
- Metallic Compounds
- Halogen Compounds
- Organic Acid
- Organosulfur
- Nitrogen
- Phenolic
- Others
The above information has been provided for the following regions:
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Denmark
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Philippines
- Malaysia
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
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