The biocides market is anticipated to grow at a CAGR of 5.2% during the forecast period. Biocides are widely used in the production of antimicrobial disinfectants, sterilizers, and sanitizers that aids in stopping or eliminating the spread of disease and infections. Biocides are also widely used as a disinfectant of the machine equipment in the industries. In addition to this, biocides are also being used in the treatment of drinking water, which reduces the risk of many diseases such as typhoid fever, cholera, and various other waterborne diseases. The aforementioned reasons are anticipated to positively impact the growth of the biocides market during the forecast period.
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Moreover, the use of biocides also aids in extending the shelf lives of the products and promotes sustainability by reducing waste. Hence, the antimicrobial biocides are utilized widely to preserve woods from decay caused by pests, mold, and mildew which in turn is expected to drive the biocides market shares. However, the use of biocides raises several environmental issues that are anticipated to hamper the growth of the biocides market during the forecast period.
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Global Biocides Market Segmentation
By Type
Halogen compounds
Metallic compounds
Organosulfurs
Organic acids
Phenolics
Others
By Application
Water treatment
Personal care
Wood preservation
Food & beverage
Others
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Akzo Nobel N.V.
Albemarle Corp.
Baker Hughes Co.
BASF SE
Clariant International Ltd.
Cortec Corp.
EcolabInc.
IRO GROUP INC.
Italmatch Chemicals S.p.A
Kemira Oyj
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