Biocides Market Updates

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.