Biocides are well-known as antimicrobial pesticides as they contain pesticides with antimicrobial ingredients, they are helpful in preventing the spread of waterborne diseases. Biocides act as disinfectants, and on the other hand, it also promotes the sustainability by preserving products to prolong their lifetime. These biocides are generally used in industrial water system to kill bacteria and to control the growth of microorganisms. Recent publication by IndustryARC estimates that the global biocides market size was $7,703m in 2018. Increasing demand of biocides is set to grow at a CAGR of 5.2% going through the forecast period 2019-2025.
The above mentioned publication is titled as, “Biocides Market: By Product Type (Organic Acids, Nitrogen Compounds, Others) By Function (Disinfectants, Preservatives, Pesticides, Others) By End-User (Water Treatment, HealthCare, Paints, Coatings, Pulp, Paper, Plastics, Others) & Geography – Forecast (2019 - 2025).” This report provides an in-depth assessment of different type of biocides and their functions at various end user industries. Additionally, competitive landscape and geographical analysis is provided, using proven market research methodologies.
Biocides Market: Leading Segments
Biocides are associated with numerous benefits starting from safeguarding drinking water to abolishing harmful bacteria and viruses, particularly in the healthcare facilities and homes. Moreover, biocides application in the paints & coatings is growing at a CAGR of 5.8% during the forecast period 2019-2025. Biocides are highly chosen to eradicate the microbial growth and contamination challenges associated with solvent-based coatings. Biocides are supporting optimal paint and coatings formulations, and also boosting its application in the paints and coatings industry.
APAC held a leading regional share of 36% among other regions in the global biocides market, as of 2018. Rise in the necessity for water treatment at different sectors which includes industrial, commercial and households, has resulted in an increase in the production of water treatment process units across eminent countries such as China, Japan and India. Long lasting antimicrobial protection offered by the biocides has raised their acceptance in the waste water treatment plants. In 2018, India has recorded the highest import value of rodenticides and other plant protection products put up for retail sale which includes biocide formulations as well. The import value was $606.8 million, which has experienced a 16% annual growth from 2017-2018. Thus, these factors altogether are driving the biocides demand in the APAC region.
Biocides Market: Disruptive Trends
o Biocides are majorly utilized to reduce the impact of microorganisms, especially in the building and construction industries. The increase in demand for biocides is mainly associated with the wood preservation and architectural coatings.
o Highly compatible biocides are preferred in building materials, latex emulsions, and in paint and coatings applications.
o European commission has increased their focus towards generation of innovative formulations in the manufacturing of biocides products by using new active ingredients. This has been aimed to result in eco-friendly products which accompanies safer human health along with improved microbial resistance.
Biocides Market: Competitive Landscape
Troy, DowDuPont, Thor Specialities, Ashland, Arch Chemicals, BASF, Akzo Nobel, Champion Technology Services, Inc., Lanxess, and Albemarle Corporation are some of the foremost players operating in the global biocides market.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.