Market Size of Biocides Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.19 Billion |
| Market Size (2029) | USD 12.56 Billion |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Biocides Market Analysis
The Biocides Market size is estimated at USD 10.19 billion in 2024, and is expected to reach USD 12.56 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
- The rise in demand from the food and beverage industry and the increasing demand for water treatment plants globally are some factors driving the demand for biocides globally.
- However, the environmental issues and health hazards related to the high usage of biocides are expected to hinder the growth of the market.
- The increasing global awareness of the use of biocides in the agricultural sector and increasing demand for healthcare and hygiene products are likely to provide an opportunity for the biocides market in the upcoming period.
- North America is expected to dominate the market during the forecast period.
Biocides Industry Overview
Biocides are chemical substances or microorganisms that are used to control, inhibit, or kill harmful organisms such as bacteria, fungi, viruses, algae, and insects. They are commonly used in various industries and applications to prevent microbial contamination, protect against pests and diseases, and ensure the safety and efficacy of products and processes.
The biocides market is segmented by type, application, and geography. Based on type, the market is segmented into halogen compounds, metallic compounds, organosulfur, organic acids, phenolics, and other types (quaternary ammonium-based compounds). Based on application, the market is segmented into water treatment, pharmaceutical and personal care, wood preservation, food and beverage, paints and coatings, and other applications (disinfectant and sanitization). The report also covers the market sizes and forecasts in 16 countries across major regions. For each segment, the market sizing and forecasts were made based on revenue (USD).
| Type | |
| Halogen Compounds | |
| Metallic Compounds | |
| Organosulfurs | |
| Organic Acids | |
| Phenolics | |
| Other Types (Quaternary Ammonium-based Compounds) |
| Application | |
| Water Treatment | |
| Pharmaceutical and Personal Care | |
| Wood Preservation | |
| Food and Beverage | |
| Paints and Coatings | |
| Other Applications (Disinfectant and Sanitization) |
| Geography | |||||||||||
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Biocides Market Size Summary
The biocides market is poised for significant growth, driven by increasing demand from the food and beverage industry and the global need for water treatment solutions. Biocides play a crucial role in various water treatment applications, including municipal and industrial water treatment, swimming pool sanitation, and wastewater treatment. The rising global population, urbanization, and water scarcity issues are further propelling the demand for effective water treatment solutions, thereby enhancing the market's expansion. Despite the promising growth prospects, the market faces challenges due to environmental concerns and health risks associated with the extensive use of biocides. However, the growing awareness of biocides' applications in agriculture and the rising demand for healthcare and hygiene products present new opportunities for market players.
North America is expected to lead the biocides market, with the United States playing a pivotal role due to its robust economy and diverse end-user industries such as water treatment, paints, coatings, and food and beverages. The US Environmental Protection Agency's initiatives to improve water and sewage services, along with significant investments in water treatment infrastructure, underscore the region's commitment to enhancing water quality. Additionally, Mexico's increasing production value in the water purification sector highlights the region's growing focus on water treatment solutions. The market is characterized by fragmentation, with key players like BASF SE, Kemira, Solvay, Ecolab, and Nouryon actively expanding their portfolios through strategic partnerships and acquisitions, further strengthening their market presence.
Biocides Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Water Treatment Globally
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1.1.2 Growing Demand From the Food and Beverage Industry
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1.2 Restraints
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1.2.1 Environmental Issues and Health Hazards Related to Biocides
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Halogen Compounds
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2.1.2 Metallic Compounds
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2.1.3 Organosulfurs
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2.1.4 Organic Acids
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2.1.5 Phenolics
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2.1.6 Other Types (Quaternary Ammonium-based Compounds)
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2.2 Application
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2.2.1 Water Treatment
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2.2.2 Pharmaceutical and Personal Care
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2.2.3 Wood Preservation
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2.2.4 Food and Beverage
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2.2.5 Paints and Coatings
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2.2.6 Other Applications (Disinfectant and Sanitization)
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Thailand
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2.3.1.6 Malaysia
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2.3.1.7 Indonesia
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2.3.1.8 Vietnam
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Russia
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2.3.3.7 Turkey
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2.3.3.8 NORDIC
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Colombia
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Nigeria
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2.3.5.4 Qatar
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2.3.5.5 Egypt
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2.3.5.6 UAE
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2.3.5.7 Rest of Middle East and Africa
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Biocides Market Size FAQs
How big is the Biocides Market?
The Biocides Market size is expected to reach USD 10.19 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 12.56 billion by 2029.
What is the current Biocides Market size?
In 2024, the Biocides Market size is expected to reach USD 10.19 billion.
