The global biocides market size is expected to reach USD 11.9 billion by 2030, registering a CAGR of 4.2% during the forecast period, as per the new report by Grand View Research, Inc. The growth is attributed to the high demand from the I&I cleaning and food industry, where they are largely used to control microbial contamination. They find application in disinfecting food containers, surfaces, or pipes used in food logistics and more. Increasing innovations by various multinationals to expand their product portfolio as well as minimize hazards caused by biocides shall lead to broader consumption of the product in the coming years. Biocides find substantial application in the coating and printing industry since the paints & coatings products are often subject to microbial attack, which eventually leads to degradation.
Biocides Market Report Highlights
- Quaternary Ammonium Compounds (QAC) are expected to be the fastest-growing product segment from 2023 to 2030 on the account of their use in food & beverage, leather, textile, water treatment, and coatings among others
- The halogen compounds segment led the market in 2022 due to the high product demand on account of their potent antibacterial and oxidizing capabilities, which make them ideal for use in municipal drinking water plants and wastewater treatment facilities
- Water treatment is projected to emerge as the fastest-growing end-use segment from 2023 to 2030 due to the extensive product utilization in Reverse Osmosis (RO) and desalination treatment processes
- Asia Pacific is projected to register the fastest CAGR from 2023 to 2030 due to the factors, such as the increased manufacturing of disinfectants, post-pandemic effects, and the presence of a large number of end-users
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Biocides are chemical substances or microorganisms designed to destroy, control, or inhibit the growth of harmful organisms such as bacteria, viruses, fungi, and algae. These substances play a crucial role in various industries and applications, including healthcare, agriculture, water treatment, and consumer products. Biocides are employed to prevent the spread of infectious diseases, protect crops from pests and diseases, disinfect surfaces, preserve wood, and maintain the quality of water systems. They come in different forms, such as disinfectants, pesticides, preservatives, and antifouling agents. However, the use of biocides must be carefully regulated to ensure their effectiveness while minimizing any potential risks to human health and the environment. Strict regulations and guidelines govern the development, registration, and use of biocidal products to ensure their safety and efficacy.
Latest Developments
There has been a growing emphasis on developing and using biocides that have minimal environmental impact. Eco-friendly biocides, derived from natural sources or with low toxicity, are gaining popularity due to their reduced ecological footprint. With the rise of antimicrobial resistance and the need for improved hygiene, there is a growing demand for antimicrobial coatings. These coatings incorporate biocides to provide long-lasting protection against microbes on various surfaces, such as medical devices, consumer goods, and building materials. Bio-based biocides, derived from renewable sources, have gained traction due to their sustainable nature and lower environmental impact. These biocides offer effective control of harmful organisms while reducing reliance on synthetic chemicals. Advances in biocide formulation and delivery systems have enhanced their effectiveness and application methods. Nanotechnology, for example, has enabled the development of nanoscale biocides with improved antimicrobial properties and targeted delivery mechanisms. Governments and regulatory bodies have imposed stricter regulations on biocides to ensure their safe and responsible use. Compliance with regulations such as the European Union’s Biocidal Products Regulation (BPR) and the U.S. Environmental Protection Agency’s (EPA) regulations is crucial for manufacturers and users of biocidal products.
The COVID-19 pandemic has heightened the importance of biocides in healthcare settings and personal hygiene. Disinfectants, sanitizers, and other biocidal products have been in high demand for surface disinfection and hand hygiene to prevent the spread of pathogens. Emerging applications in water treatment: Biocides play a critical role in water treatment, preventing the growth of harmful microorganisms and controlling biofouling. Innovative biocidal solutions are being developed to address challenges in cooling towers, swimming pools, and municipal water treatment plants. The biocides market has witnessed a series of mergers and acquisitions as companies aim to expand their product portfolios, strengthen their global presence, and leverage synergies in research and development. These latest developments in the biocides market reflect the industry’s focus on sustainability, technological innovation, and meeting the evolving needs of various sectors that rely on effective microbial control.
Biocides are utilized in the industry vividly in product formulations to make the paints & coatings resistant to bacteria, algae, fungi, and other microbes from growing on the painted surface. The biocides added to the paint formulator not only inhibit microbial growth over the painted surface during the summer but also after the paint has dried. The demand for biocides in above mentioned end-use application has increased as a result of the rising use of water-based paints and coatings. Biocides have been in use in various water treatment applications, wherein it is utilized for water disinfection purposes. Countries, such as the U.S., Germany, Italy, and France, among others have been utilizing various biocide compositions for drinking water treatment applications as well as for disinfecting other commonly used water sources, such as water tanks and swimming pools due to their cost-effectiveness, easy availability, safe utilization, and effective disinfecting properties.
Biocides Market Insights By Region
The Asia Pacific region dominated the industry with the highest revenue share. This is attributed to many factors, such as the increased manufacturing of disinfectants, particularly during the COVID-19 pandemic, and the high demand for application-specific cleaning products. Disinfectants used in industrial, commercial, or residential applications demand antimicrobial agents with efficient activities. The countries in the Central & South America region are expected to witness a trend of increased consumption of food & beverage products manufactured by adding additives to enhance flavor and taste owing to the shifting consumer eating habits and favorable regulatory developments in the region. The growing adoption of water-based paints & coatings, as they are more eco-friendly, is likely to drive the product demand from the paints & coatings application.
Competitive Analysis By Major Companies
The presence of many multinational players in the market has resulted in high competition. Both backward and forward integration is observed among manufacturers, or formulators in the supply chain. As a part of their long-term strategy companies are focusing on opening subsidiaries and also focusing on end-to-end integration throughout the supply chain. Forward & backward integration strategies can also prove fruitful as companies look to increase their control over the value chain. In the industrial consumer segment, companies are developing capabilities in terms of brands that cater to specific application segments. Companies have also looked at establishing capabilities in terms of partnerships with end-user companies to exert control over the value chain. Some of the key players in the global biocides market are mentioned below.
- Troy Corp.
- Chemtreat, Inc.
- Neogen Corp.
- Finoric LLC
- Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
- Iro Group Inc.
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Grand View Research has segmented the global biocides market on the basis of product, end-use, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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