Biocides Market Size, Growth Trends & Forecast 2032

Pallavi Garudkar
4 hours ago
2 min read

According to Fortune Business Insights the global biocides market size was USD 7.99 billion in 2023 and is projected to grow from USD 8.34 billion in 2024 to USD 11.70 billion by 2032 at a CAGR of 4.2% during the forecast period. Biocides are chemical substances that are used to disinfect, destroy, and prevent microorganisms such as fungi, bacteria, and viruses. This product is usually combined with other products for various applications in consumer goods, paints & coatings, and water treatment industries. They can be categorized into natural biocide & synthetic biocide based on their source of raw material.

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Market Segmentation:

By Product Type

Halogen Compounds (largest segment)
Quaternary Ammonium Compounds
Metallic Compounds
Phenolic Compounds
Organic Acids
Organosulfur Compounds and Others

Halogen compounds lead due to their high efficacy and broad-spectrum antimicrobial properties.

By Application

Water Treatment
Paints & Coatings (largest application segment)
Cleaning & Hygiene Products
Food & Personal Care
Furniture, Textiles & Leather
Fuel Preservatives & Industrial Applications

Market Drivers:

Rising demand for water treatment solutions due to rapid industrialization, urbanization, and the need for clean potable water.
Increasing adoption in paints and coatings, driven by the construction and automotive industries.
Growth in hygiene and sanitation awareness, boosting usage of disinfectants, cleaning agents, and preserved consumer products.
Stringent regulatory requirements for microbial control in industries such as food, water, healthcare, and manufacturing.
Advancements in biocide formulation technologies enabling safer and more efficient products.

Market Restraints:

Stringent environmental and health regulations, especially for high-toxicity biocides.
Concerns related to ecological impact, such as bioaccumulation and chemical residues.
Competition from alternative disinfection technologies like UV, filtration, and biological treatments.
Volatility in raw material availability, impacting production costs.
Regional variations in regulatory frameworks complicating product approvals and market entry.

Regional Insights:

Asia Pacific: Largest and fastest-growing region. Growth supported by industrial expansion, water treatment upgrades, high construction activity, and rising consumer product demand.

North America: Strong demand in water treatment, wood preservation, and industrial coatings. Technological advancements and strict hygiene standards drive market maturity.

Europe: Growth backed by stringent regulations focusing on hygiene, environmental safety, and product quality. High biocide usage in preservatives, paints, and personal care products.

Latin America & Middle East & Africa: Emerging regions with gradually increasing adoption. Driven by industrial growth, improving sanitation infrastructure, and enhanced awareness about hygiene and water safety.

Competitive Landscape:

Leading companies operating in the biocides market include:

Vink Chemicals GmbH & Co. KG (Germany)
Clariant (Switzerland)
Kemira Oyj (Finland)
Troy Corporation (U.S.)
Thor Group Limited (UK)
Lanxess AG (Germany)
Solvay SA (Belgium)
Neogen Corporation (UK)

Key Industry Development:

In December 2019, LANXESS acquired Brazilian biocide producer IPEL. This move strengthened its material protection products unit, expanded its global footprint, and enhanced support for customers in South America through local manufacturing.

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