Biocides Market Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts

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Biocides Market
Biocides Market

 


  Biocides are products or chemicals that are used to control pests or microorganisms. These are typically used to control and eliminate harmful and undesirable organisms such as mold, bacteria, algae, insects, and rodents. Disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and other products containing biocides are used in homes and public places such as hospitals and industries.

  Biocide preservation applications dominate the market, consuming the most specialty biocides in both volume and value terms. Despite regulatory pressures to reduce the number of biocides based on their concentrations in end products, blends of carefully selected biocide active substances in optimal ratios, combined with new technological advancements, can provide improved preservation solutions without the need for cautionary labeling.

  Biocides are also used in a variety of products, including antimicrobial coatings and the food and pulp industries. Furthermore, they regulate sulfate-reducing bacteria and slime-forming bacteria in oil well drilling, oil field processing, and gas storage equipment. Thus, emerging applications of biocides are expected to drive the growth of the global biocides market during the forecast period. Furthermore, increased demand for agrochemicals as a result of rising demand for high-quality pest-free crops is a key factor driving the global market growth. However, environmental regulations on toxic biocides and fluctuations in raw material prices are expected to stymie market growth during the forecast period.

  According to COHERENT MARKET INSIGHTS, the global biocides market is expected to be worth US$10,654 million in 2021, with a CAGR of 4.1 percent over the forecast period (2021-2028).

  BASF SE, The Dow Chemical Company, Lonza Group Ltd, Milliken Chemical Company, Noble Biomaterials Inc., Clariant AG, SANITIZED AG, Troy Corporation, SteriTouch Ltd, and Renaissance Chemicals Ltd. are the key players in the global metal biocides market. Each company is profiled for its distinguishing business characteristics of product portfolio and specification, recent developments, and SWOTs.

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