The biocides market is anticipated to expand its boundaries at an average CAGR of 3.4% during the forecast period. The market holds a share of USD 8.9 Billion in 2023 while expecting revenue of USD 12.5 Billion by 2033.
The biocides market outlook explains the wider applications of biocides, such as biotechnology, pharmaceuticals, domestic use products, and the cosmetic industry. Biocides are used to destroy living things, such as fungicides and pesticides.
Its enhanced healthcare industries and Asia Pacific regions building their healthcare sector is majorly dependent on biocides as they help in the sterilization of medical devices along with disinfection of water and surface.
Furthermore, its use in preserving drugs and vaccine formulations help the pharmaceutical industry. Apart from this, its preservation properties also help the immunoglobulin solutions, reagents, and chromatography resins.
Driven by growing demand for halogen compounds in water treatment, pulp & paper, and paints & coatings, the market is likely to expand at a steady CAGR during the forecast period.
While its major usage comes from these industries, the growing cosmetic industry also consumes a significant share of the biocides market due to its preservation properties and the qualities of antimicrobial agents. This further involves the production of high-quality skin care products.
As a major preservative, the restoration of the food industry has again built the bridge between the market and the FMCG sector and is likely to fuel the demand for it in the future. The rising water pollution also helps drive the biocides market as it is used in water treatment along with chlorine to kill all the microorganisms and germs.
| Attributes | Details |
|---|---|
| Biocides Market CAGR (2023 to 2033) | 3.4% |
| Biocides Market Size (2023) | USD 8.9 billion |
| Biocides Market Size (2033) | USD 12.5 billion |
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Short-term Growth: According to Future Market Insights (FMI), the global biocides market grew at h 2.3% CAGR between 2017 and 2022. Due to the unprecedented outbreak of COVID-19, sales of biocides went downhill during the FQ-20.
Mid-term Growth: Demand for biocides grew considerably over the past 5 years. However, the outbreak of COVID-19 hampered growth due to a decrease in demand from various industries such as water treatment, paints & coatings, and oil & gas
Long-term Growth: Owing to the increasing application of biocides in water treatment, the market is set to register a 3.4% CAGR between 2023 and 2033. Expansion of paints and coatings, pulp & paper, and oil & gas industries, and demand for wood preservatives are some of the leading factors boosting the market.
With the increasing demand for disinfectants in industrial cleaning, hospitals, and residential and commercial buildings, sales of cleaning chemicals will pick up. This is also anticipated to aid the growth of the biocides market over the forecast period.
Demand for water treatment is rising owing to increasing global per capita freshwater consumption. With the rising population, the demand for water in various day-to-day activities has increased.
Biocide is a chemical treatment that is formulated to control microbial growth effectively. Besides this government's push to make clean water available will drive the biocides market in the coming years.
Biocides play an important role in cleaning wastewater and processing drinking water. Pollutants highly toxic to aquatic life include heavy metals and various organic substances.
Due to rising awareness regarding water quality and implementation of regulations to ascertain access to clean water, biocides demand in the water treatment segment market is expected to surpass USD 3.8 billion by the end of 2031.
Principal Consultant
| Region | USA |
|---|---|
| Absolute Market Growth | 610.2 Million |
| Region | United Kingdom |
|---|---|
| Absolute Market Growth | 91.2 Million |
| Region | China |
|---|---|
| Absolute Market Growth | 1.1 Billion |
| Region | Japan |
|---|---|
| Absolute Market Growth | 141.5 Million |
| Region | South Korea |
|---|---|
| Absolute Market Growth | 169.1 Million |
Increased Investment in Medical Research and Innovation fuels the Demand for Biocides.
| Region | Attributes |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 4.4% |
| Chinese Market Absolute Doller Growth (USD Million/Billion) | USD 1.1 billion |
China is estimated to be a key producer and consumer of biocides, accounting for 72% of the overall biocides market in East Asia in 2021. Strong industrial sector growth has boosted the country's demand for biocides. Also, the presence of key end users in the country is aiding the market growth. The market is anticipated to reach a value of USD 3.0 Billion by 2033.
Significant developments in the end-use industries such as water treatment, paints and coatings, paper and pulp, disinfecting sector, agrochemicals, and others are increasing the consumption of biocides. China is anticipated to grow at a steady 4.4% CAGR during the forecast period.
The Increasing Biotechnology and FMCG Industry is likely to thrive in the Sales of Biocides.
| Region | Attributes |
|---|---|
| USA Market CAGR (2023 to 2033) | 2.9% |
| USA Market Absolute Doller Growth (USD Million/Billion) | 610.2 Million |
In 2023, the USA's biocides market grew by 2.9% year-on-year, reaching a market valuation of USD 2.5 Billion through 2033. Growth in the country is attributed to the increasing adoption of halogen compounds in paints & coatings and pulp & paper industries.
As per Future Market Insights analysis, demand for halogen compounds across North America is anticipated to reach USD 625.4 Million by the end of 2021. Considering this, the application of biocides in paints and coatings, wood preservatives, oil and gas, and paper and pulp industries is likely to bolster the market growth in the USA
Demand for biocides in GCC countries, especially Saudi Arabia and the United Arab Emirates(UAE), is anticipated to rise at an impressive pace through the forecast period. The biocides market in GCC Countries is expected to register a year-on-year growth of 3.4% in 2021.
The surging application of biocides in water treatment across GCC countries is anticipated to fuel market growth in the coming years. With a shortage of water in the GCC countries, biocides are increasingly used to ensure the water that reaches is free from any micro-organisms and safe to drink.
As per F.M.I., the biocides demand in GCC countries will account for 30.7% of the total market share in the Middle East and Africa.
| Segment | Top Type |
|---|---|
| Top Sub-segment | Halogen Compound |
| CAGR (2017 to 2022) | 2.60% |
| CAGR (2023 to 2033) | 3.40% |
| Segment | Top Grade |
|---|---|
| Top Sub-segment | Industrial Grade |
| CAGR (2017 to 2022) | 2.30% |
| CAGR (2023 to 2033) | 3.30% |
Regarding product type, halogen compounds are expected to dominate the market. As per FMI, the halogen compounds segment is projected to register year-on-year growth of 3.6% in 2021. Halogen compound biocides are anticipated to remain the top-selling choice among end-users throughout the forecast period.
As halogen compounds are used as disinfectants in various industries, such as paints & coatings, pulp & paper, and water treatment.
Substantial growth in water treatment and surface cleaning applications across the globe is bolstering the growth of the biocides industry. Halogen-based compounds are widely used to hinder the growth of microorganisms and pathogens in freshwater. Thus, they are increasingly used in cleaning industrial, institutional, and commercial places.
With the rising application of biocides across various industries in the USA, industrial-grade biocides will contribute over 90.4% of the overall biocides consumption in the country.
With the rising demand for cleaning agents and preservatives in various end-use industries like agrochemicals, water treatment, oil & gas, wood preservatives, textiles, paints & coatings, and many others, the consumption of industrial-grade biocides is increasing across the globe.
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Revenues in the paints and coatings segment are estimated to grow by 3.3% year over year rate in 2021. Meanwhile, the demand in the cleaning agents segment is likely to increase at 3.8% CAGR during the forecast period.
Besides this, the application of biocides in water treatment to remove undesired microorganisms and pathogens and treat wastewater will continue increasing through the forecast period.
Key market participants are expanding their global footprint by focusing on strategic acquisitions and collaborations. Several manufacturers also are focusing on product development to introduce eco-friendly biocides. Ket competitors are DOW, Veolia, Troy Corporation, Nouryon, Kemira Oyj, Ecolab USA Inc., Albemarle Corporation, Solvay SA, and Lanxess AG.
The market is valued at USD 8.9 billion in 2023.
Clariant AG, Lonza Group, and ICL Group are the key market players.
The market is projected to reach USD 12.5 billion in 2033.
The market is forecast to register a CAGR of 3.4% through 2033.
Technological innovations to boost market growth.
1. Executive Summary | Biocides Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Type 5.1. Halogen Compounds 5.2. Metallic Compounds 5.3. Organic Acids 5.4. Organo-sulfurs 5.5. Nitrogen 5.6. Phenolic 5.7. Others 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Agrochemicals 6.2. Paints & Coatings 6.3. Water Treatment 6.4. Cosmetics & Personal Care 6.5. Food & Beverages 6.6. Oil & Gas 6.7. Pulp & Paper 6.8. Wood Preservatives 6.9. Cleaning Agents 6.10. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia Pacific 7.6. Middle East and Africa (MEA) 8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Clariant AG 16.2. Lonza Group 16.3. ICL Group 16.4. BASF SE 16.5. DOW 16.6. Veolia 16.7. Troy Corporation 16.8. Nouryon 16.9. Kemira Oyj 16.10. Ecolab USA Inc. 16.11. Albemarle Corporation 16.12. Solvay SA 16.13. Lanxess AG 16.14. Buckman Laboratories International 16.15. Melzer Chemicals Private Limited 16.16. Dalian Xingyuan Chemistry Co., Ltd. 16.17. Aegis Chemical Solutions 16.18. B&V Chemicals 16.19. Helvemed SA 16.20. Thor Group 17. Assumptions & Acronyms Used 18. Research Methodology
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Biocides Market
