Author: Vikas Kumar
13 January 2023
The global biocides market is likely to showcase a growth of around 5% during the forecast period. Biocides are used in a range of applications including water treatment, household and industrial & institutional cleaning, paints & coatings, wood preservatives, and others. Over the years, increasing focus on improving the quality of products and mitigating microorganism contamination from the products has increased the demand for microorganisms.
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Rising awareness over health and hygiene coupled with fear of bacteria or virus contamination is fueling the market growth. In the healthcare industry, reducing healthcare-associated infection is among the top priorities of healthcare settings. Biocides are used in cleaning products as well as in solutions that are used to clean or sterilize surgical instruments, needles, and catheters, among others. In other industries, like food are widely used biocides as disinfectants and food preservatives. In the food industry, they used to treat production plants, processing areas, and food containers to control the microbial growth in food and drinks.
Based on type, the market is categorized into oxidizing, non-oxidizing, and others. Among these, oxidizing biocides are expected to showcase significant growth over the forecast period. Its rapid microorganism-killing property and less costly compared to its counterparts are some of the key factors which increase the adoption of oxidizing biocides.
Based on application, the market is categorized into water treatment, household and industrial & institutional cleaning, paints & coatings, wood preservatives, and others. Among these, water treatment held a prominent share of the market, and the outlook for the industry is likely to be positive owing to the large size of water treatment plants that consume a major portion of biocides. Besides this, the growing focus of governmental bodies to provide clean water to the people is boosting the demand for water treatment products including biocides.
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For a better understanding of the market adoption of Biocides, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. During the forecast period, the Asia-Pacific region is likely to showcase robust demand for biocides. This can be ascribed to the presence of a large number of biocides end-consumer in the region and a growing population that is looking for receiving clean water. Further, various government policies in regional countries to provide fresh water to the population are increasing the consumption of water treatment chemicals in the region.
Global Biocides Market Segmentation
Market Insight, by Type
• Oxidizing
• Non-Oxidizing• Others
Market Insight, by Application
• Water Treatment
• Household and Industrial & Institutional Cleaning• Paints & Coatings• Wood Preservatives• Others
Market Insight, by Region
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