Growing Demand for Green Biocides Presents Opportunities

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Global market for biocides

Global market for biocides

Global market for biocides

Dublin, November 23, 2022 (GLOBE NEWSWIRE) — The “Global Biocides Market by Type (Non-oxidizing Biocide, Oxidizing Biocide), Application (Water Treatment, Domestic, Industrial and Institutional Cleaning and Home Care, Paints and Coatings, Wood Preservatives), and Region – Forecast to 2027” report has been added to researchandmarkets.com offering.

The global market for biocides will grow to USD 13.6 billion by 2027, at a CAGR of 4.3% from USD 11.0 billion in 2022. Biocides are chemicals used to kill unwanted organisms and control the growth of bacteria or fungi. Biocides help prevent degradation of the physical and sensory properties of the product. These are primarily used in various applications such as water treatment (municipal water treatment, oil and gas, power plants, pulp and paper, swimming pools, mining, dairy, poultry, and food processing), home and personal care, conservation wood, paints and coatings and others (leather and textiles). It is also used in domestic applications as disinfectants and sanitizers, as well as in industrial applications to prevent fouling of oil and water pipes.

The oxidizing type of biocides is projected to be the second fastest growing type of biocides market during the forecast period

Oxidizing biocides have the ability to kill microorganisms through the electrochemical process of oxidation. In this process, the biocide gains an electron from the bacteria and thus destroys them. Oxidizing biocides are most effective in systems that use a high volume of water. According to industry experts, oxidizing biocides are mainly used in the water treatment process due to their lower cost than non-oxidizing biocides.

Household, industrial and institutional cleaning and household care application is estimated to be the second largest application in the biocide market, in terms of value, in 2021

Major biocide suppliers are increasingly offering their products to the domestic, industrial and institutional and home care segments due to their use to prevent the growth of microbes in cleaning and personal care products. Many players make large batches of biocides based on the metal salts of the pyrithione molecule. In the personal care industry, meeting the need for biocides is very important, as it requires a higher level of technical expertise as it is a regulated industry.

Europe is estimated to be the second largest market for biocides, in terms of value, in 2021

Germany is the key market for biocides in the region. The European industrial segment is diversifying and complexities are increasing with the changing demand for advanced technologies and less energy consuming products. Environmental regulations are strict and require technologies that result in energy savings. The European market for biocides is smaller than the North American market due to strict regulations such as REACH.
Primaries breakdown

Market dynamics

drivers

  • Increased antimicrobial protection in end-use industries

  • Strict regulatory environment

  • Government focus on clean water consumption

restrictions

Opportunities

challenges

Key topics covered:

1. Introduction

2 Research Methodology

3 Executive summary

4 Premium Perspectives

5 Market Overview

6 industry trends

7 Biocides Market, by Type

8 Biocides Market, by Application

9 Biocides Market, by Region

10 Competitive Landscape

11 company profiles

12 Adjacent and Related Markets

13 Appendix

Mentioned companies

For more information on this report, visit https://www.researchandmarkets.com/r/t1q0f

Attached file

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