Global Biocides Market Size to Increase at a CAGR of 4% in the Forecast Period of 2023-2028
The ‘Global Biocides Market Size, Share, Price, Growth, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global biocides market, assessing the market on the basis of its segments like product, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Biocides Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4%
The biocides market for biocides is anticipated to be aided by the growing use of biocides in the water treatment industry, supported by the rising awareness and importance of good quality water. Biocides are used extensively for drinking water to eliminate harmful viruses and micro- organisms to provide cleaner water. Chlorine is a commonly used biocide in wastewater treatment plants, however, it contains toxic substances and residues that can be highly dangerous to sea animals.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/biocides-market/requestsample
Meanwhile, in rising applications in food and beverages is also aiding the growth of the biocides market as they are highly used in reducing microbial contamination from beverages. In dairy products, there is an increase in the use of biocides to produce safe products because they are prone to foodborne diseases. Biocides are also highly used in food applications as food preservatives to prolong the shelf life of food products and to protect food products against deterioration.
Biocides Industry Definition and Major Segments
Biocides are chemical substances or microorganisms that are used to control or prevent the growth or presence of any harmful organism. They are used to kill, control, or prevent a specific organism and are intended to be toxic. Biocides can pose multiple health issues if used excessively as they can cause diseases and infections in sea animals.
On the basis of product, the market is divided into:
• Halogen Compounds
• Metallic Compounds
• Organic Acids
Based on application, the market is classified into:
• Water Treatment
• Food and Beverages
• Home and Personal Care
• Wood Preservation
• Paints and Coatings
• Oil and Gas
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Biocides Market Trends
The increased use biocides in pharmaceuticals is expected to aid the growth of the biocides market as biocides are used to prevent various infectious diseases from spreading, especially in hospitals and other healthcare facilities. Decontamination of patient skin is commonly done using biocides, and even surfaces that could potentially spread bacteria are also disinfected by the use of biocides in hospitals. With increased global health issues and diseases, the number of patients is growing which in turn is also increasing the use of biocides and the market for biocides.
Growing usage of biocides is home and personal care products is a key trend in the biocides market, supported by the increasing usage of home care products in every household. Many consumer products in households like cleaning products, laundry detergents, toothpastes, and disinfectants contain biocides. The ability of these disinfectants to kill bacteria and harmful microorganisms is improved due to the use of various biocides and is preferred by many customers. Even cleaning products and laundry detergents use biocides, and the increasing use of surface cleaners is further bolstering the market for biocides.
Key Market Players
The major players in the global biocides market report are
• BASF SE
• Solvay SA
• Nouryon Chemicals Holding B.V.
• Lanxess AG
• Clariant AG
• Troy Corporation
• Lonza Group AG
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.