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According to a recent survey from Allied Market Research, the global Biocides Market size is expected to reach $20.7 billion by 2027.
May 9, 2022
By: Allied Market Research
Biocides are products that combat microorganisms. These are generally used to control and kill harmful and unwanted organisms such as mold, bacteria, algae, insects and rodents. Biocides represent various products such as disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and are used in homes, and public places such as hospitals and industries. Biocide preservation applications are leading the market, accounting for the largest consumption of specialty biocides in both volume and value terms. Despite regulatory pressures, reducing the number of biocides depending on their concentrations in end products, blends of carefully selected biocidal active substances in optimal ratios, coupled with new technical advancements, can provide improved preservation solutions without the need for cautionary labeling. Presently, the global biocides market is witnessing significant opportunities due to increased focus of governments of various economies on the consumption of clean water. Biocides also find wide array of applications in a broad range of products such as antimicrobial coatings and food & pulp industry. Moreover, they control sulfate reducing bacteria and slime forming bacteria in oil well drilling, oil field processing and gas storage equipment. Emerging applications of biocides is another major factor anticipated to propel the growth of the global biocides market during the forecast period. In addition, growth in need for agrochemicals due to rise in demand for high-quality pest-free crops is another key aspect that drives the growth of the global market. However, environmental regulations on toxic biocides and variation in the prices of raw materials are expected to hinder market growth during the forecast period. The global biocides market is segmented on the basis of type, end-use industry, and region. Depending on type, the market is bifurcated into metallic compounds, halogen-based biocides, organic acids, sulphones, phenol-based biocides, and others. Based on end-use industry, the global biocides market is segmented into food and beverage, construction, agriculture, pharmaceutical, personal care, water treatment, paints and coatings, home care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. For more information go to https://www.alliedmarketresearch.com/biocides-market.
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