Biocides Market Size
| 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 Market Trends
The Water Treatment Segment is Expected to Dominate the Market
- Biocides are extensively used in various water treatment applications, including municipal water treatment, industrial water treatment, swimming pool sanitation, cooling, water treatment, and wastewater treatment. The wide range of applications within the water treatment segment contributes to the significant market share held by biocides.
- The growing global population, urbanization, industrialization, and increasing water scarcity drive the demand for water treatment solutions, including biocides. As the demand for clean and safe water continues to rise, the water treatment segment is expected to remain a dominant market for biocides.
- As per a UNICEF report released on July 2023, in 2022, 5.82 billion people consumed drinking water from an improved source that was accessible on-premises and free from fecal and chemical contamination. Moreover, 1.5 billion people consumed water from primary sources.
- According to the data published by UNICEF, almost 76 % of people consumed safe drinking water in 2022, and more than 99% of people consumed safe drinking water in Germany, France, Sweden, and Spain.
- The United Nations (UN) estimates that approximately 1.8 billion people will be residing in regions with complete water scarcity by 2050, with Sub-Saharan Africa having the most significant number of water-stressed countries. The United Nations is urging countries to develop water treatment technologies.
- Thus, the demand for biocides is increasing as water treatment applications become increasingly important.
North America is Expected to Dominate the Market
- North America is expected to dominate the market. The United States is the region's largest economy in terms of GDP. With the increasing number of end-user industries such as water treatment, paint, coatings, food and beverages, and others, the United States, which is one of the largest markets for biocides, is expected to witness growth over the forecast period.
- The US Environmental Protection Agency (USEPA) is emphasizing improvements to water and sewage services, particularly local wastewater treatment facilities. The organization awarded over USD 336 million to the state of New York to support cleaner water across the state, according to the data released by the US Environmental Protection Agency (EPA) on October 2023.
- The demand for treatment plants is increasing in North America. For instance, according to the data released by the US Census Bureau, public construction spending in the United States on sewage and waste disposal projects increased from USD 23.52 billion in 2018 to USD 31.95 billion in 2022.
- Thus, the country is investing heavily in the construction of water treatment plants.
- In Mexico, the production value in the purification and bottling of water sector increased from MEX 2,704.81 million (USD 160.99 million) in January 2023 to MEX 2,793,07 million (USD 166.24 million) in October 2023, according to the data published by INEGI.
- Thus, the above-mentioned factors are expected to increase the use of biocides for the treatment of wastewater in North America.
Biocides Industry Overview
The biocides market is fragmented in nature. The major players include BASF SE, Kemira, Solvay, Ecolab, and Nouryon.
Biocides Market Leaders
BASF SE
Kemira
Solvay
Ecolab
Nouryon
*Disclaimer: Major Players sorted in no particular order
Biocides Market News
- March 2024: UNIVAR SOLUTIONS LLC, a global solutions provider of specialized ingredients and chemicals, announced the conclusion of a new distribution contract with Arxada covering a complete portfolio of biocides and preservatives used in a wide range of industrial applications. This new agreement enhances Univar Solutions’ product offerings in Brazil’s paints, coatings, and lubricants markets, adding cost-effective, highly versatile antimicrobials and performance additives specifically designed for preservation and microbial control.
- March 2023: KRAHN Chemie expanded its successful cooperation with LANXESS in the biocides business. After the acquisition of the business, LANXESS offered an even wider range of biocides in sectors such as paints and coatings, construction materials, wood preservatives, and leather and plastics. With the acquisition of this business, LANXESS will be able to extend its local presence in the biocide market in Germany and Austria, as well as in Belgium and the Netherlands.
- August 2022: Veolia Water Technologies and Bridgnorth Aluminium entered a collaboration agreement through which Veolia Water would assist with water treatment processes and compliance services at the production site in Shropshire. Through this collaboration, Veolia Water Technologies provides servicing chemical supply and Legionella compliance for its cooling towers and process water treatment systems.
Biocides Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Water Treatment Globally
4.1.2 Growing Demand From the Food and Beverage Industry
4.2 Restraints
4.2.1 Environmental Issues and Health Hazards Related to Biocides
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Halogen Compounds
5.1.2 Metallic Compounds
5.1.3 Organosulfurs
5.1.4 Organic Acids
5.1.5 Phenolics
5.1.6 Other Types (Quaternary Ammonium-based Compounds)
5.2 Application
5.2.1 Water Treatment
5.2.2 Pharmaceutical and Personal Care
5.2.3 Wood Preservation
5.2.4 Food and Beverage
5.2.5 Paints and Coatings
5.2.6 Other Applications (Disinfectant and Sanitization)
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Thailand
5.3.1.6 Malaysia
5.3.1.7 Indonesia
5.3.1.8 Vietnam
5.3.1.9 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 Russia
5.3.3.7 Turkey
5.3.3.8 NORDIC
5.3.3.9 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Colombia
5.3.4.4 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Nigeria
5.3.5.4 Qatar
5.3.5.5 Egypt
5.3.5.6 UAE
5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Albemarle Corporation
6.4.2 Baker Hughes Company
6.4.3 BASF SE
6.4.4 BWA WATER ADDITIVES
6.4.5 Dow
6.4.6 Ecolab
6.4.7 Kemipex
6.4.8 Kemira
6.4.9 Lonza
6.4.10 Merck KGaA
6.4.11 Nouryon
6.4.12 Solvay
6.4.13 SUEZ
6.4.14 The Lubrizol Corporation
6.4.15 Thor
6.4.16 Troy Corporation
6.4.17 Valtris Specialty Chemicals
6.4.18 Veolia
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Awareness in the Agricultural Sector
7.2 Increasing Demand from Healthcare and Hygiene Products
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 Research 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.
Who are the key players in Biocides Market?
BASF SE, Kemira, Solvay, Ecolab and Nouryon are the major companies operating in the Biocides Market.
Which is the fastest growing region in Biocides Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Biocides Market?
In 2024, the North America accounts for the largest market share in Biocides Market.
What years does this Biocides Market cover, and what was the market size in 2023?
In 2023, the Biocides Market size was estimated at USD 9.78 billion. The report covers the Biocides Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biocides Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Biocides Industry Report
Statistics for the 2024 Biocides market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biocides analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
