Biocides Market Analysis

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.