Global Biocides Market to be Dominated by Halogen Grade Biocides Through 2028
Rising demand from various end
user industries is expected to drive the demand for the global biocides market
in the forecast period, 2024 -2028.
According to TechSci Research report, “Global Biocides Market- By Region,
Competition Forecast and Opportunities, 2018-2028”, The global Biocides market is projected to grow at
an impressive rate in the forecast period 2024-2028. This can be ascribed to
the growing demand for biocides from various end user industries including
healthcare. In the healthcare sector, biocides are an action intended to stop
infection is referred to as it is termed as antiseptics that prevent and stop
the growth of micro-organisms. It helps in the treatment of infection used in
sanitization procedures of patient-care apparatuses, environmental surfaces,
and unharmed skin. Besides, growing demand for clean drinking water has
significantly increased the demand for biocides from water treatment
applications, thereby supporting the growth of biocides market. Additionally,
the chemical industry is witnessing a paradigm shift and adoption of greener
alternatives which has led to an increase in demand for green biocides, thereby
creating lucrative opportunities for the growth of global biocides market.
However, lengthy and
expensive process of biocides registration slows down the market growth.
Besides, environmental regulations on toxic biocides may further restrict the
market growth.
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The global biocides market
is segmented based on grade, type, and end user. Based on the grade, the
market is categorized into food grade, pharmaceutical grade, and industrial
grade. The pharmaceutical grade segment will hold the largest market share till
2028. Biocides are used to disinfect body surfaces or parts that may hold a lot
of bacteria in the skin of patients and medical personnel. When devices come
into touch with patients and surfaces that may shelter bacteria, in such cases
to treat infections in mucous membranes and injured skin, biocides are also
employed as antiseptics.
Based on type, the market is
segmented into halogen grades, metallic grades, phenolic, and organic acids.
The halogen-type segment will hold the largest market share till 2028. Due to
modernization and urbanization, the halogen-type biocide is more demanded as it
is used in different applications such as swimming pools (chlorine and
bromine), drinking water (chlorine and fluorine), toothpaste (fluorine), and
table salt (chlorine). Besides these, halogen is found in the human body as an
essential element for growth or good health. This led to the halogen-type
segment dominating the market.
Based on end users, the
market is divided into food and personal care products, water treatment,
cleaning and disinfection products, paints & coatings, clothing and textile,
and others. The cleaning and disinfection product segment will hold the largest
market share till 2028. The demand for cleaning chemicals will increase due to
the rising need for disinfectants in hospitals, businesses, residential
buildings, industrial cleaning, and others. This led to the growing demand for
the market for cleaning and disinfector product biocides within the anticipated
period.
Major companies operating
in global biocides market are:
- Clariant AG
- Lonza Group AG
- ICL Group LTD
- BASF SE
- Dow Chemical Company
- Troy Corporation
- Ecolab USA Inc.
- Albemarle Corporation
- Solvay SA
- Lanxess AG
Various companies operating in the
market are following strategies such as mergers & acquisitions, new product
launches, among others in order to stay competitive and have an edge over other
players operating in the market. For instance, in January 2021, Lanxess AG has acquired
the INTACE which is a Paris based biocide company to strengthen the biocides
business. By this acquisition Lanxess AG can enhanced their capabilities in
specialty fungicides-based packaging and labels for consumer goods.
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"The Asia pacific region is
expected to register the highest growth in the global biocides market in the
anticipated years due to expanding utilization of cleaning products which is
highly helped by the increased disinfectant product production. Globally,
growing demand for biocides for water treatment and from end users from the
production of disinfector or disinfectant products. Ongoing R&D activities
and government projects of water treatment plants are propelling the global
biocides market demand. “said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Biocides Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Grade (Food
Grade, Pharmaceutical Grade, Industrial Grade), By Type (Halogen Grades,
Metallic Grades, Phenolic, Organic Acid), By End User (Food and Personal Care
Products, Water Treatment, Cleaning & Disinfection Products, Paint &
Coatings, Clothing & Textile, Others), By Company, By Region and By
Competition, has evaluated the future growth potential of global biocides
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global biocides market.”
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