Global Biocides Market

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 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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FAQs

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).

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. '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'

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.

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.

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.

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Global Biocides Market

Report ID: SQMIG15E2562

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