What was the global biocides industry share valuation in the year 2019?

Biocides market was valued at USD 11.15 billion in 2019. Read More

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Biocides Market Share

Report ID: GMI150
Published Date: Jul 2020
Report Format: PDF

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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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Overall biocides market would be pegged at a valuation of US$ 15.94 billion in 2026.

Biocides market was valued at USD 11.15 billion in 2019.

The pandemic has restrained the market growth due to the adverse impact of the COVID-19 outbreak on end-use industries such as F&B, oil and gas etc.

Shift towards natural gas solutions will drive NA market. The regional share is expected to surpass USD 6 billion by 2026.

Biocides market from food and beverage applications is expected to grow at a CAGR of 4.4% through 2026.

Halogens biocides are effective against pathogens, viruses, and bacteria. Strict cleaning guidelines along with growing consumer awareness towards water purification will encourage the use of biocides in water treatment applications.

Some of the key industry participants are AkzoNobel, BASF, Lonza, Sigma