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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Biocides are chemical substances that are used to kill or inhibit the growth of bacteria and fungi. Biocides are also used to control sulfate-reducing bacteria and slime forming bacteria in the oil and gas industry. Biocides substances are also used in the manufacturing of agrochemicals that are used on the field for high-quality and pest-free crops.

The global biocides market is estimated to be valued at US$10,654 million in 2021 and is expected to exhibit a CAGR of 4.1 % over the forecast period (2021-2028).

Recent Developments:

In June 2020, Univar Solutions Inc. and Vink Chemicals have agreement to distribute biocides in Brazil. Vink Chemicals is a specialty biocide and biocidal products maker and global chemical and ingredients distributor and provider of value-added services. With this agreement Univar can supply products under brand-name Vinkocide, Grotanol, Parmetol, Grotan, Stabicor and Grotamar in Brazil.

In November 2020, AlzChem Group AG has announced expansion of nitrile production capacities by 50% to support growth of medications and biocides. AlzChem has invested around USD 14 Billion and expansion is proposed to complete by second quarter of 2021.

In January 2021, Specialty chemical company Lanxess has signed agreement with Paris based biocide company Intace SAS. Lanxess will strengthen its biocide technology platform for packaging and labels in the consumer goods industry with this acquisition.

North America (Region) held dominant position in the global biocides market in 2020, accounting for 41.7% share in terms of volume, followed by Asia-Pacific and Europe, respectively.

Figure 1. Global Biocides Market Value (US$ Mn), by Region, 2020

Biocides  | Coherent Market Insights

Drivers:

The growing demand for fresh and drinkable water is propelling the market growth of biocides. The increasing world population coupled with the limited availability of freshwater sources is creating a need for water. Moreover, growing prevalence of waterborne disease due to the increasing contamination of water because of industrial discharge is projected to foster the market growth of the biocides. Biocides are used in the wastewater treatment to kill the bacteria present in the water and make it drinkable.

Increasing demand for biocides from the oil &gas industry is propelling market growth. Growing investment in the oil &gas industry coupled with the increasing offshore and onshore exploration activities is again projected to propel the market growth. Additionally, growing demand for crude oil due to the increasing consumption of petroleum products is boosting crude oil production. Hence, growing offshore and onshore exploration activities is augmenting the market growth of biocide. 

Market Opportunities

The growing demand for biocides in plastic production is projected to offer profitable market opportunities. According to the report from Plastics Europe, the European plastic industry had a turnover of 355 billion euros in 2017. The European plastic industry had a trade balance of more than 17 billion euros and contributed to 32.5 billion euros to public finances and welfare in 2017. Thus increasing production of plastic is projected to foster market growth.

The growing use of biocides in the food &beverage industry due to rising hygiene concerns and food safety is expected to provide bright market opportunities in the near future. Growing food safety standards and the need to maintain hygiene in the food &beverage industry is propelling the demand for biocides. Also, the expansion of the food &beverage industry due to the increasing purchasing power of the consumer and strong growth in the agriculture industry is again expected to bolster the market growth of biocides.

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Biocides Market Report Coverage

Report Coverage Details
Base Year: 20120 Market Size in 2021: US$ 10,654 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 4.1% 2028 Value Projection: US$ 14,087 Mn
Geographies covered:
  • Region: North America, Europe, Asia-Pacific and Rest of the World
Segments covered:
  • By Product Type: Halogen compounds Metallic compounds Organosulfurs Organic acids Phenolic Nitrogen Other (including glutaraldehyde, etc.)
  • By Application: Water treatment Food and beverage Personal care Wood preservation Paints and coatings Other (including fabrics etc.)
Companies covered:

AkzoNobel N.V., Albemarle Corporation, Arch Chemicals Inc., Ashland Inc., BASF SE, Champion Technologies, Clariant AG, Lanxess, Lubrizol, The Dow Chemical Company, THOR Group Limited, and Troy Corporation

Growth Drivers:
  • Increasing population
  • Growing demand for fresh & drinkable water 
Restraints & Challenges:
  • Volatile price of raw materials 

Market Trends

Increasing strategic mergers and acquisitions for expanding production capacity of the biocides will favor the market growth in the near future. For instance, in August 2019, Vink Chemicals acquired ISP Biochema Schwaben in Memmingen (Bavaria). This acquisition is expected to broaden the production capacity next to the already existing production site in northern Germany. Vink Chemicals generates around 95 % of its sales from the production and sale of biocides products.

Increasing investment in biocides production by key manufacturers is one of the emerging trends in the industry. For instance, in September 2020, Airedale Chemical, the industrial chemical specialist based in the UK, has invested more than $46,000 into its facilities following an agreement with a chemical supplier to the water treatment industry. In this partnership Airedale Chemical is going to manufacture a new disinfectant product for Chemiteq and distribute it directly to its customers.

Figure 2. Global Biocides Market Share, By Product Type, 2020

Biocides  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Water Treatment (Segment) held dominant position in the market and accounted for 24.4% share in the global biocides market in 2020. The segment is expected to reach US$ 3,399 million in 2028.
  • Growing population and strong industrial growth in developing countries are major factor driving demand for use of biocides in water treatment application (Add Driver for this Segment)

Market Restraints

The volatile price of raw materials used in the manufacturing of biocides is projected to restrict market growth. Iodine and chlorine are mostly used as raw materials and in recent times these chemical commodities have witnessed an acute upward trend in terms of prices, this increases the overall price of the biocides.

Lengthy and expensive registration process for the manufacturing of biocides is creating challenges for the manufacturers. This factor is expected to inhibit the market growth of biocides over the forecast period.

Competitive Section:

Company Names 

  1. AkzoNobel N.V.
  2. Albemarle Corporation
  3. Arch Chemicals Inc.
  4. Ashland Inc.
  5. BASF SE
  6. Champion Technologies
  7. Clariant AG
  8. Lanxess
  9. Lubrizol
  10. The Dow Chemical Company
  11. THOR Group Limited
  12. Troy Corporation

Biocides are used to eradicate or control the growth of bacteria, viruses, and fungi by using toxic chemicals. Biocides are classified according to how they affect the target organisms. A biocide is defined in European law as a microorganism or chemical substance meant to kill, hinder, render harmless, or exercise a controlling influence on an offending organism. These biocides include pesticides, herbicides, antifungals, and antibiotics.

Market Dynamics:

Increasing demand for drinkable and freshwater due to the growing population is driving growth of the biocides market. Also, the rising prevalence of the water-borne disease is further projected to augment growth of the market. According to the World Health Organization, in 2017, 71% of the global population (5.3 billion people) used a safely managed drinking-water service – that is, one located on-premises, available when needed, and free from contamination. 

However, the volatile price of raw materials is expected to hinder growth of the market

Key features of the study:

  • This report provides in-depth analysis of the biocides market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global biocides market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include AkzoNobel N.V., Albemarle Corporation, Arch Chemicals Inc., Ashland Inc., BASF SE, Champion Technologies, Clariant AG, Lanxess, Lubrizol, The Dow Chemical Company, THOR Group Limited, and Troy Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global biocides market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biocides market

Detailed Segmentation:

  • Global Biocides Market, By Product Type:
    • Halogen compounds
    • Metallic compounds
    • Organosulfurs
    • Organic acids
    • Phenolic
    • Nitrogen
    • Other
  • Global Biocides Market, By Applications:
    • Water treatment
    • Food and beverage
    • Personal care
    • Wood preservation
    • Paints and coatings
    • Others
  • Global Biocides Market, By Region:
    • North America
      • By Product Type:
        • Halogen compounds
        • Metallic compounds
        • Organosulfurs
        • Organic acids
        • Phenolic
        • Nitrogen
        • Others
      • By Applications:
        • Water treatment
        • Food and beverage
        • Personal care
        • Wood preservation
        • Paints and coatings
        • Others
    • Europe
      • By Product Type:
        • Halogen compounds
        • Metallic compounds
        • Organosulfurs
        • Organic acids
        • Phenolic
        • Nitrogen
        • Others
      • By Applications:
        • Water treatment
        • Food and beverage
        • Personal care
        • Wood preservation
        • Paints and coatings
        • Others
    • Asia-Pacific
      • By Product Type:
        • Halogen compounds
        • Metallic compounds
        • Organosulfurs
        • Organic acids
        • Phenolic
        • Nitrogen
        • Others
      • By Applications:
        • Water treatment
        • Food and beverage
        • Personal care
        • Wood preservation
        • Paints and coatings
        • Others
    • Rest of World
      • By Product Type:
        • Halogen compounds
        • Metallic compounds
        • Organosulfurs
        • Organic acids
        • Phenolic
        • Nitrogen
        • Others
      • By Applications:
        • Water treatment
        • Food and beverage
        • Personal care
        • Wood preservation
        • Paints and coatings
        • Others
  • Company Profiles
    • AkzoNobel N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Albemarle Corporation
    • Arch Chemicals Inc.
    • Ashland Inc.
    • BASF SE
    • Champion Technologies
    • Clariant AG
    • Lanxess
    • Lubrizol
    • The Dow Chemical Company
    • THOR Group Limited
    • Troy Corporation

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Applications
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Biocides Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Biocides Market – COVID-19
    • Impact Analysis
  5. Global Biocides Market, By Product Type, 2017 - 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Halogen compounds
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Metallic compounds
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Organosulfurs
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Organic acids
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Phenolic
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Nitrogen
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  6. Global Biocides Market, By Application, 2017 - 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Water treatment
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Food and beverage
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Personal care
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Wood preservation
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Paints and coatings
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
    • Others
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2028
  7. Global Biocides Market, By Region, 2017- 2028(US$ Million and Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2028
    • North America
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2028(US$ Million and Tons)
    • Europe
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2028(US$ Million and Tons)
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2028(US$ Million and Tons)
    • Rest of World
      • Market Size and Forecast, By Product Type, 2017- 2028(US$ Million and Tons)
      • Market Size and Forecast, By Application, 2017- 2028(US$ Million and Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • AkzoNobel N.V.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Albemarle Corporation
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Arch Chemicals Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Ashland Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • BASF SE
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Champion Technologies
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Clariant AG
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lanxess
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lubrizol
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • The Dow Chemical Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • THOR Group Limited
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Troy Corporation
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 50 market data tables* and 45 figures* on "Global Biocides Market” – global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The global biocides market size is estimated to be valued at US$ 10,654 Million in 2021 and is expected to exhibit a CAGR of 4.1% between 2021 and 2028.
Growing need for fresh and drinkable water due to increasing population is fueling growth of the market.
The Water Treatment segment is the leading component segment in the market.
Volatile price of raw material is expected to hinder growth of the market.
Major players operating in the market include, AkzoNobel N.V., Albemarle Corporation, Arch Chemicals Inc., Ashland Inc., BASF SE, Champion Technologies, Clariant AG, Lanxess, Lubrizol, The Dow Chemical Company, THOR Group Limited, and Troy Corporation.
Asia-Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by increasing demand mainly from strong growth in China and India (Driver).
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