DUBLIN--(BUSINESS WIRE)--The "Biocides Market Research Report: By Type, Application, Regional Insight - Global Industry Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
In 2018, the global biocides market attained 1,062.3 kilotons sales volume, and it is expected to reach 1,376.6 kilotons by 2024 with a CAGR of 4.4%, during the forecast period (2019-2024).
The market is witnessing growth due to the increasing use of such products in consumer products and water treatment. Biocides are compositions or active substances that are intended to deter, render harmless, destroy, or exert a controlling effect on a harmful organism by biological or chemical means. They can act as preservatives, pesticides, or disinfectants in several applications.
On the basis of type, the biocides market is categorized into metallic, organosulfur, phenolic, nitrogenous, organic acid, halogenated, and others. The others' category includes inorganic acids, ozone, aldehydes, and alcohols. Among these, the category of halogenated biocides dominated the market during the historical period (2014-2018), holding a share of more than 35.0% in 2018. This is due to the high demand for halogenated biocides as disinfectants for water treatment. This category is also predicted to grow at the fastest pace during the forecast period.
When application is taken into consideration, the biocides market is divided into preservation, water treatment, household, industrial, & institutional (HI &I) cleaning, human hygiene, and others. Out of these, the division of water treatment accounted for approximately 45.0% share in 2018 and led the market throughout the historical period. The primary reason for this is the rising demand for treated water and potable water for industrial and residential applications, respectively. During the forecast period, the water treatment division is also projected to register the highest CAGR.
The rising demand for such substances for water treatment is one of the key drivers of the biocides market. As biocides have the ability to act as disinfectants and anti-fouling agents to impair the growth of harmful organisms, including bacteria, viruses, and protozoans, they are deployed to disinfect not only water but the equipment used in its transportation, production, and storage. Furthermore, these products are also used for maintaining the microbiological quality of the water before and during its distribution. This process ensures an acceptable level of desirable microorganisms and eliminates pathogenic microorganisms.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
220.127.116.11 Organic acid
4.1.2 By Application
18.104.22.168 Water treatment
22.214.171.124.2 Paints and coatings
126.96.36.199.3 Food and beverages
188.8.131.52.4 Oil and gas
184.108.40.206 Human hygiene
220.127.116.11 HI&I cleaning
4.2 Value Chain Analysis
4.3 Market Dynamics
18.104.22.168 Implementation of strict regulations governing the use of biocides in products across several countries
22.214.171.124 Growing demand for biocides for water treatment
126.96.36.199 Increasing use of biocides in consumer products
188.8.131.52 Impact analysis of drivers on market forecast
184.108.40.206 Stringent regulatory framework and resultant additional costs
220.127.116.11 Impact analysis of restraints on market forecast
18.104.22.168 Development of next-generation biocides and novel manufacturing technologies
4.4 Regulatory Framework
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Application
5.2.1 Water Treatment, by End Use
5.2.2 Preservation, by End Use
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. RoW Market Size and Forecast
Chapter 10. Competitive Landscape
10.1 Competitive Benchmarking of Key Players
10.2 Strategic Developments of Key Players
10.2.1 Product Launches
10.2.2 Capacity Expansions
10.2.3 Mergers and Acquisitions
10.2.5 Other Developments
Chapter 11. Company Profiles
- BASF SE
- DowDuPont Inc.
- Lanxess AG
- Clariant AG
- AkzoNobel N.V.
- Solvay S.A.
- Kemira Oyj
- Thor Group Limited
- Troy Corporation
- The Lubrizol Corporation.
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