USD 8.79 Billion
Global Biocides Market Size, Share, Growth Analysis, By Product (Halogen Compounds, Organosulfur), By End Use (Paints & Coatings, Water Treatment), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG15E2562 |
Region:
Global |
Published Date: January, 2025
Pages:
176
|Tables:
77
|Figures:
69
Biocides Market Insights
Global Biocides Market was valued at USD 8.79 Billion in 2023 and is expected to rise from USD 9.16 Billion in 2024 to USD 12.74 Billion by 2032, at a CAGR of 4.2% during the forecast period (2025–2032).
Growing demand for water treatment and the rising need for sterilization in multiple industry verticals are projected to bolster the sales of biocides over the coming years. Rising emphasis on increasing agricultural yield to satisfy global hunger is also expected to promote the use of biocides as they help in protecting crops from harmful microorganisms. Imposition of stringent hygiene and safety mandates for the healthcare industry is also expected to bolster the demand for biocides across the study period. Biocides are used in personal care and household cleaning products to prevent microbial growth and ensure product safety. The demand for antibacterial and antifungal personal care products, such as soaps and sanitizers are increasing and thereby also driving biocide demand as well. On the contrary, potential risk of microbial resistance, high costs of production, stringent regulatory framework, and demand for natural and organic alternatives are slated to impede biocide sales going forward.
Market snapshot - (2025–2032)
Global Market Size
Largest Segment
Paints & Coatings
Fastest Growth
Water Treatment
Growth Rate
4.2% CAGR
Global Biocides Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Biocides Market Segmental Analysis
The biocides market is segmented based on product, end use, and region. Based on product, market is sub segmented into the halogen compounds, metallic compounds, organosulfur, organic acids, quaternary ammonium compounds, phenolic, nitrogen, and glutaraldehyde. Based on end use, the market is sub segmented into water treatment, food & beverage, personal care, wood preservation, paints & coatings, plastics, HVAC, boilers, oil & gas, fuels, pulp & paper, and cleaning products. By Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
Analysis by Product
Halogen compounds are forecasted to account for a dominant share of the global biocides industry. Extensive use of halogens such as chlorine, fluorine, and iodine in multiple biocide formulations is contributing to the dominance of this segment. The use of halogens not only enhances the efficacy of biocides but also improves their stability as well. The antibacterial and oxidizing properties of chlorine make it a mainstay in almost all kinds of water treatment applications, thereby further cementing the share of halogen compounds going forward. Rising use of halogen compounds for preservation of food and beverages is also expected to create new opportunities.
On the other hand, the demand for organosulfur is estimated to increase at a robust CAGR over the coming years. High use of organosulfur biocides to prevent biofouling in water bodies and prevent algae growth is projected to create new business scope for biocide companies through 2031. Moreover, organosulfur is free from chlorine, which makes it a favorite for non-corrosive applications in HVAC systems and consumer goods. Heavy engineering and industrial machinery applications are also expected to bolster the demand for organosulfur over the coming years. Anti-inflammatory and anti-cancer properties of organosulfur compounds are also expected to help create new opportunities in the long run.
Analysis by End Use
Paints and coatings end use is forecasted to account for a substantial chunk of the global biocides market share. Use of biocides in paints and coatings is highly crucial to maintain quality and prevent the risk of contamination. Biocides also play a vital role in preserving the dry film in paints and coatings and also extend in-can preservation times for paints and coatings. Surging demand for high-performance paints and coating and high investments in the research and development of the same are also forecasted to create new opportunities for biocides companies through 2031 and beyond. Biocides also help in controlling fouling of paints and coatings while also extending their shelf life.
Meanwhile, the demand for biocides for water treatment is estimated to rise at a notable pace in the future. Rapidly increasing global population, scarcity of clean water, and imposition of stringent mandates for wastewater treatment are expected to be key factors boosting the sales of biocides in this segment. Developing and underdeveloped countries are projected to be highly opportune markets for biocide providers targeting water treatment end use in the future. Hypobromous acid, sodium bromide, silver, bromine, hydrogen peroxide, stabilized bromine, and chlorine tablets are some of the most commonly used biocides for water treatment.
Global Biocides Market By End Use
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Biocides Market Regional Insights
Asia Pacific is forecasted to account for a dominant share of the global biocides industry over the coming years. Rapidly increasing population, imposition of stringent mandates for hygiene and sterilization, and high demand for water treatment are key factors promoting sales of biocides in this region. Moreover, the presence of a strong paints and coatings industry in this region and growing industrial activity are also expected to offer new opportunities for biocide companies. China, India, Japan, and South Korea are forecasted to remain the leading markets for biocide providers focusing on expanding their revenue from this region.
North America is expected to witness a gradual hike in demand for biocides over the coming years. Imposition of stringent water quality standards and high demand for better hygiene in healthcare establishments are forecasted to bolster sales of biocides in this region. The United States is estimated to be the leading market for biocide companies followed by Canada. High investments in research and development of novel biocides are also expected to offer new opportunities for biocide providers in the future. Growing use of biocides in biotechnology and food and beverage industry verticals is also estimated to bolster market development.
Global Biocides Market By Region
- Largest
- Fastest
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Biocides Market Dynamics
Drivers
High Demand for Clean Water
- Rapidly increasing global population is projected to primarily drive the demand for water treatment and sanitation. Biocides play a critical role in disinfecting and treating water, making them a mainstay in all water treatment applications. High demand for potable water is also expected to contribute to growing sales of biocides over the coming years.
High Emphasis on Sterilization in Healthcare
- Biocides can help sterilize and sanitize medical equipment and surroundings to prevent cross-contamination and the spread of infections and disease-causing bacteria. The growing incidence of hospital-acquired infections and imposition of stringent mandates to maintain hygiene in healthcare establishments are expected to promote the use of biocides in the future.
Restraints
High Costs of Production of Biocides
- Manufacturing biocides involves the use of expensive raw materials and costly manufacturing equipment and techniques. Moreover, the added costs of extensive research and development for high-performance biocides are also expected to make biocide production more expensive thereby hurting biocides market outlook going forward.
Potential for Microbial Resistance
- Overuse and unregulated use of biocides could potentially build up microbial resistance and cause more issues than it should solve. To prevent this regulatory bodies are being more cautious while approving biocides, which is extending their time-to-market and slowing down commercialization as well. All of this is expected to result in reduced adoption of biocides.
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Biocides Market Competitive Landscape
Developing and launching new biocides that comply with changing regulations should be the prime focus of all companies. Biocide providers should focus on opting for collaborations and partnerships to expand their sales potential around the world. Targeting developing countries is expected to pay off big time for biocide companies in the long run. Sustainable and eco-friendly biocides are projected to be highly sought-after over the coming years.
Top Player’s Company Profiles
- Troy Corporation
- Chemtreat, Inc.
- Neogen Corporation
- Finoric LLC
- Shanghai Zhongxin Yuxiang Chemicals Co. Ltd.
- Iro Group Inc.
- Hubei Jinghong Chemicals Co. Ltd.
- Wuxi Honor Shine Chemical Co. Ltd.
- Albemarle Corporation
- Lubrizol
- BASF SE
- Solvay SA
- LANXESS AG
- Lonza
Recent Developments
- In January 2021, SolidTek, a leading innovator in water treatment based in the United Kingdom revealed that it had become the distibutor for biodegradable Tolcide®PS biocides from Solvay. The biocides were designed for use in cooling towers and closed loop systems.
- In September 2023, a new biocide containing Bacillus subtilis was launched in India. FMC was behind the launch of the new ENTAZIA™ biocides to provide biological solutions for Indian farmers and address the evolving needs of the Indian agricultural industry.
- In November 2023, Vink Chemicals, a leading biocide manufacturer from Germany announced the start of construction of a new biocide manufacturing plant. The company is investing €30 million in this project to optimize its supply chain and improve production capabilities.
Biocides Key Market Trends
- Development of Bio-based Biocides: Biocide manufacturers should invest heavily in the research and development of bio-based and eco-friendly products to comply with the changing preferences. Increasing imposition of stringent mandates that ban the use of toxic chemicals is expected to make this a prominent biocides market trend for all companies involved in the future.
- Controlled Release Biocides: Biocide companies can focus on the development of new biocide technologies that allow for a controlled biocide release enhancing its efficacy and maintaining its consistency over a period. These types of biocides are expected to be highly popular in water treatment and agriculture industry verticals going forward.
Biocides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for water treatment and the imposition of strict mandates for sterilization and hygiene are projected to drive biocides market growth over the coming years. On the contrary, high costs of production and the potential risk of microbial resistance are slated to be key restraints for market development in the future. The rising population and need for better water treatment are helping Asia Pacific account for a dominant share in the global biocides landscape. Development of controlled release biocides is projected to offer lucrative opportunities for biocides companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.79 Billion |
| Market size value in 2032 | USD 12.74 Billion |
| Growth Rate | 4.2% |
| Base year | 2024 |
| Forecast period | (2025–2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biocides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biocides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biocides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biocides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biocides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biocides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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