IMARC Group’s report titled “Biocides Market Report by Product (Halogen Compounds, Metallic Compounds, Organosulfur Compounds, Organic Acids, Phenolics, and Others), Application (Water Treatment, Food and Beverage, Personal Care, Wood Preservation, Paints and Coatings, Construction, and Others), and Region 2024-2032”, The global biocides market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Factors Affecting the Growth of the Biocides Industry:
Growing Need for Water Treatment:
The biocides market is growing because more industries need help keeping water clean and safe. Factories, farms, and city water systems use biocides to stop harmful bacteria and keep water safe to use. They are especially important for preventing problems in places like cooling towers, pipelines, and wastewater plants. With rising worries about waterborne diseases, governments and companies are investing in advanced technologies that use biocides to improve water quality. As clean water becomes more important worldwide, the demand for biocides is expected to keep increasing.
Rules and Concerns About the Environment:
Stricter rules and growing care for the environment are changing how biocides are made and used. Governments want safer ways to make and dispose of biocides to protect people and nature. This has led to a focus on creating eco-friendly biocides, such as those made from natural materials or ones that break down easily. Companies are also making safer products to match customer demands and meet these stricter rules. Because of this, greener biocides are becoming more common and will play a bigger role in the future of the market.
Bigger Role in Healthcare:
Biocides are very important in healthcare to stop the spread of germs. Hospitals and clinics use them to clean surfaces, disinfect tools, and keep bacteria under control. Since the COVID-19 pandemic, there has been even more focus on staying clean and safe, which has increased the need for biocides. Hospitals are also fighting infections that spread in healthcare settings by using biocides more often. New kinds of biocides are being made just for healthcare, which is expanding their use. As safety and hygiene become bigger concerns, biocides are playing a key role in keeping people healthy.
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Leading Companies Operating in the Global Biocides Industry:
Akzo Nobel N.V.
Albemarle Corporation
BASF SE
ChemTreat Inc. (Danaher Corporation)
Clariant AG
Dow Inc.
Finoric LLC
Lanxess AG
Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
Solvay S.A.
The Lubrizol Corporation (Berkshire Hathaway Inc.)
Troy Corporation
Wuxi Honor Shine Chemical Co. Ltd
Biocides Market Report Segmentation:
Breakup By Product:
Halogen Compounds
Metallic Compounds
Organosulfur Compounds
Organic Acids
Phenolics
Others
Breakup By Application:
Water Treatment
Food and Beverage
Personal Care
Wood Preservation
Paints and Coatings
Construction
Others
Breakup By Industry:
Healthcare
Retail and Logistics
Defense and Intelligence
Public Utilities and Government Bodies
BFSI
IT and Telecom
Others
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Biocides Market Trends:
Several trends are driving the growth of the biocides market. More industries need water treatment to keep water clean and safe. At the same time, strict rules and environmental concerns are pushing for safer and greener biocides. The healthcare sector is also a big user of biocides, as keeping hospitals clean and preventing infections remains a top priority. New ways to make biocides are also improving how well they work and how easy they are to use. All these factors show that biocides will remain important for health, safety, and the environment.
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