The modern-day document posted via Report Ocean, titled “Biocides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global biocides market was valued at $12.7 billion in 2019, and is projected to reach $20.7 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027. The effects of biocides are based on its chemical properties, size & characteristics of the organism, biocide concentration, treatment/application process, contact time, and water quality. Biocides are substances or mixtures consisting one or more active substances to inhibit microbial activities and exert a controlling effect on harmful & undesired organisms. They cover a wide range of products such as disinfectants, wood preservatives, rodenticides, shelf life extenders, antifouling agents, and preservatives, which are applicable in hospitals, homes, personal care, and other industries to destroy and control viruses, bacteria, algae, molds, insects, and mice.
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The use of biocides for water treatment in various sectors such as household, industrial, and commercial has led to the growth in demand for biocides. Asia-Pacific region is expected to emerge as the market leader for biocides, owing to stringent regulations toward the supply & usage of toxic & untreated drinking water and rise in demand from end-use sectors such as plastics, food processing, paper & pulp, and personal care.
Developing countries have witnessed high demand for biocides, owing to rapid industrialization and increase in demand from the oil & gas sectors such as oilfield, pipeline, and refinery. Additive applications such as use of hydraulic fracturing techniques (tight oil and shale gas formations), which require biocides to prevent corrosion and production issues that may be caused by bacterial contamination is further expected to fuel the demand for biocides. In addition, rise in demand from pulp & paper manufacturing and plastics production and increase in awareness for protection against growth of bacteria and pathogens in the food & beverages industry are anticipated to drive the market growth during the forecast period. Moreover, it has become a regulatory trend to replace conventional chemicals such as chlorine in industrial water treatment applications with low-cost commodities to be further used in municipal water treatment. Market players focus on catering to the high demand for specialty biocides and its products and their variability. However, an environmental concern about the disposal and impact of toxic biocidal products is projected to reduce market penetration for these products in upcoming years.
The global biocides market is segmented on the basis of type, end-use industry, and region. Depending on type, the market is bifurcated into metallic compounds, halogen-based biocides, organic acids, sulphones, phenol-based biocides, and others. The metallic compounds segment is further sub-categorized into copper, mercury, magnesium, and others.
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The halogen-based biocides segment is further classified into chlorine, bromine, iodine, and others. The organic acid segment is sub-segmented into formic acid, lactic acid, ascorbic acid, and others. Based on the end-use industry, the global biocides market is segmented into food & beverage, construction, agriculture, pharmaceutical, personal care, water treatment, paints & coatings, home care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
u The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global biocides market from 2020 to 2027 to determine the prevailing opportunities
u A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
u Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
u Profiles of leading players operating in the market are provided to understand the global competitive scenario
u The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET PLAYERS
– Berkshire Hathaway
– BASF SE
– DuPont
– Kerry
– Solvay SA
– Lonza Group AG
– Lanxess AG
– Thor Group Limited
– Clariant AG
– Corbion N.V.
– Kemin Industries, Inc.
– Nouryon
The other players in the value chain include Arkema SA, Troy Corporation, Ercros, SK Chemicals Ltd., Kemira OYJ, and others.
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KEY MARKET SEGMENTS
By Type
– Metallic Compounds
– Halogen-Based Biocides
– Organic Acids
– Sulphones
– Phenol-Based Biocides
– Others
By End-Use Industry
– Food & Beverages
– Construction
– Agriculture
– Pharmaceuticals
– Personal Care
– Water Treatment
– Paints & Coatings
– Home Care
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o France
o Germany
o UK
o Spain
o Italy
o Rest of Europe
– Asia-Pacific
o India
o China
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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