Worldwide Biocides Industry to 2028 - Featuring Chemtreat, Neogen and Iro Group Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Biocides Market Share, Size, Trends, Industry Analysis Report, By Product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compound, Phenolic, Nitrogen, Glutaraldehyde); By Application; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global biocides market size is expected to reach $14.81 billion by 2028 according to this report. It gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global market is mainly driven by the factors such as the increased adoption of biocides in areas such as water treatment, food & beverages industry, paints and coating industry, oil and gas industry, wood preservation, and personal care. The need to comply with environmental norms in developed nations leads to new product development, which will hugely influence the growth of the global market in the coming years.

Biocides are used in the marine coating industry as the chances of microbial growth increase in shipping vessels, and new anti-fouling paint under the trademark Armanda has been developed for marine coating. This anti-fouling contains Ultima crust-remover silicon marine coating, and it also controls the release rate of the product. Increased application of the product in various industries is expected to fuel the growth of the industry.

COVID-19 pandemic is having both positive and negative effects on the market depending on its applications. The increasing demand for proper sanitization of surfaces and hands has increased in the product in the personal care segment.

However, there is a considerable reduction in the production of oil & gas, which will limit the use of the product in the fuel industry during the pandemic period. Restaurants across the globe have been shut during pandemic times, and hence the use of biocides in the food and beverages industry will be decreased during the pandemic time.

Companies Mentioned

• Chemtreat Inc.
• Neogen Corporation
• Troy Corporation
• Yuxiang Chemicals Co. Ltd.
• Iro Group Inc.
• Finoric LLC
• Shine Chemical Co. Ltd.
• Albemarle Corporation
• Jinghong Chemicals Co. Ltd.
• BASF SE
• Solvay SA
• Lubrizol
• Lonza
• Lanxess AG.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Biocides Market Insights

4.1. Biocides - Industry snapshot

4.1.1. Biocides Market Dynamics

4.1.1.1. Drivers and Opportunities

4.1.1.1.1. Applicability in varied verticals

4.1.1.1.2. Significant investments in the sector

4.1.1.2. Restraints and Challenges

4.1.1.2.1. Hazardous to humans

4.2. Porter's Five Forces Analysis

4.2.1. Bargaining Power of Suppliers (Moderate)

4.2.2. Threats of New Entrants: (Low)

4.2.3. Bargaining Power of Buyers (Moderate)

4.2.4. Threat of Substitute (Moderate)

4.2.5. Rivalry among existing firms (High)

4.3. PESTLE Analysis

4.4. Biocides Market Industry trends

4.5. COVID-19 Impact Analysis

5. Biocides Market Assessment by Product

6. Global Biocides Market, by Application

7. Biocides Market Assessment by Geography

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis

8.1.1. Expansion

8.1.2. Acquisition

8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/ko1lh2