The Global Biocides Market is projected to reach a value of over USD 14.4 billion by 2027 at a CAGR of around 4.5%.
Biocides are chemicals that combat pests or microorganisms. These biocides products are used to control and kill harmful and unwanted organisms such as mold, algae, bacteria, insects, and rodents. Biocides represent various products such as disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, used in homes, and public places such as hospitals and industries.
Market Driver:
In water treatment, biocides are used to eliminate the microbes. Water towers are ideal locations for the growth of biological organisms, such as bacteria, fungi, algae, sulphate-reducing bacteria, and protozoa. If their growth is not controlled, they form a layer of bio-slime that acts as a natural adhesive surface for scale formation, which may reduce the efficiency of the cooling system. In order for water systems to operate at their optimum efficiency, biocides are added to the water to remove the slimes, microbiological fouling, and biofilm from these systems. These biocide chemicals are widely used in cooling towers, spas and swimming pools, sewage treatment, and industrial wastewater treatment. Biocides are also used in water cleaning program to control biofouling in reverse osmosis membranes. Moreover, biocides are used before the RO system, to regulate bio-growth in the membrane. Thus, the increasing demand from water treatment application is expected to propel the global biocides market.
Market Restraint:
The stringent regulatory framework for biocidal products and the resultant additional costs concerning their manufacturing and registration is likely to hamper the global biocides market. For instance, since 2013, European biocide manufacturers have to ensure that their biocidal active substances undergo rigorous tests to meet the quality standards. To ensure such strict compliance, companies need to allocate a significant amount of capital and resources toward product development and regulatory approvals. These factors often discourage manufacturers from developing biocidal products, further hampering the market growth up to a certain extent.
The report on the Biocides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Type, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Biocides Market, by Type
Biocides Market, by Application
Biocides Market, by Region
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY