The Biocides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Biocides Global Market Report 2024, The biocides market size has grown strongly in recent years. It will grow from $12.31 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growing population and urbanization, expansion of healthcare sector, increasing awareness of hygiene, rising concerns about water quality, stringent regulations on preservatives, preventive measures in agriculture.
The biocides market size is expected to see strong growth in the next few years. It will grow to $17.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to development of bio-based biocides, expansion of oil and gas exploration, demand in wood preservation, increasing consumer awareness, focus on antimicrobial textiles, growth in personal care products. Major trends in the forecast period include increased use in water treatment, innovations in microbial control, biosecurity measures in agriculture, rise in antifouling solutions, emerging technologies in biocide delivery.
An increase in the use of antimicrobial protection in end-use industries propels the growth of the biocide market. Antimicrobial protection refers to a substance that exhibits the capacity to lower or inhibit the levels of microorganisms, including bacteria and mold. The biocides have widespread applications as an antimicrobial, disinfectant, and preservative in the various end-use industries such as agrochemicals, food & beverages, water treatment, paints & coatings, cosmetics & personal care, oil & gas, and pulp & paper. In hospitals and other health institutions, the use of biocides is essential to avoid and control the spread of infectious diseases. For instance, according to the American Chemistry Council, a US-based industry trade association for American chemical companies, in September 2020, during the COVID-19 pandemic, more than 1,000 disinfectants were registered and deemed by the US EPA (Environmental Protection Agency) to be effective against COVID-19 virus. Therefore, an increase in the use of antimicrobial protection in end-use industries is driving the growth of the biocides market.
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The biocides market covered in this report is segmented –
1) By Type: Oxidizing Biocides, Non-Oxidizing Biocides
2) By Grade: Food Grade, Pharmaceutical Grade, Industrial or Technical Grade
3) By End User: Agrochemicals, Food and Beverages, Water Treatment, Paints and Coatings, Wood Preservatives, Cleaning Agents, Other End Users
Major companies operating in the animal and biocides market are focused on developing innovative products such as ENTAZIA to help rice farmers protect their crops and increase their yields. ENTAZIA is a broad-spectrum biocide that is effective against a wide range of plant diseases, including rice leaf blight. It is also a highly selective biocide, meaning that it is effective against harmful organisms while leaving beneficial organisms unharmed. For instance, in August 2023, FMC Corporation, a US-based chemical manufacturing company, launched its new biocide, ENTAZIA, in India to combat rice leaf blight. ENTAZIA is a new-generation biocide that is based on a unique active ingredient, fluopicolide. It has broad-spectrum activity, high selectivity, systemic action, and low environmental impact. Overall, ENTAZIA is a powerful and effective biocide that can help rice farmers protect their crops and increase their yields.
The biocides market report table of contents includes:
1. Executive Summary
2. Biocides Market Characteristics
3. Biocides Market Trends And Strategies
4. Biocides Market - Macro Economic Scenario
5. Global Biocides Market Size and Growth
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31. Global Biocides Market Competitive Benchmarking
32. Global Biocides Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biocides Market
34. Biocides Market Future Outlook and Potential Analysis
35. Appendix
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According to the report published by Allied Market Research, the global biocides market generated $12.7 billion in 2019, and is estimated to reach $20.7 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027.
The report offers an extensive analysis of the changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.Rise in demand for clean water for domestic/industrial purposes and surge in end users drive the growth of the global biocides market.
On the other hand, market opportunity for silver-based biocides and development of total organic biocide system create new opportunities in the coming years.Request Report Sample at: https://www.alliedmarketresearch.com/request-sample/1870Covid-19 scenario:The raw material shortages for disinfectants have urged the suppliers to contemplate using other biocidal ingredients.
However, the process and utilization of biocidal products differ region to region.In Slovenia, the Slovene Chemical Office initiated to issue permit to produce disinfectants with certain biocidal products.In Belgium, on the other hand, the competent authorities have initiated to progress with biocidal products followed by the grant of temporary authorizations.Get Detailed COVID-19 Impact Analysis on the Biocides Market: https://www.alliedmarketresearch.com/request-for-customization/1870?reqfor=covidBased on type, the halogen based derivatives segment contributed to around two-fifth of the market in 2019, and is estimated to maintain its dominant position during the forecast period.
The report also analyzes regions including Europe, North America, and LAMEA.Leading market players analyzed in the research include Berkshire Hathaway, BASF SE, DuPont, Kerry, Solvay SA, Lonza Group AG, Lanxess AG, Thor Group Limited, Clariant AG, Corbion N.V., Kemin Industries, Inc., and Nouryon.Interested in Procuring this Report?
visit: https://www.alliedmarketresearch.com/biocides-market/purchase-optionsAbout Allied Market Research:Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.
