In terms of value, the biocides market is estimated to grow from USD 9.7 billion in 2024 to USD 12.3 billion by 2029, at a CAGR of 4.9%. Rising demand for biocides from industries such as water treatment, industrial & institutional cleaning and home care, paints & coatings, wood preservatives, and other biocides type for a variety of applications is leading the market. During the forecast period, this is anticipated to expand the biocides market even more.
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The key players in this market are LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), and Nouryon (Netherlands), among others. Players in the biocides market are adopting both organic and inorganic growth strategies to grow their regional and global presence within the market. These major players are continuously developing new products to serve to their customer requirements. They are also violently acquiring other small companies to increase their market share within the global biocides market. In response to the growing demand for biocides in various applications, market participants are primarily emphasizing research and development efforts.
LANXESS AG
LANXESS AG is a German specialty chemicals company that operates globally. In the context of the biocides market, LANXESS is a significant player, offering a range of products for various applications. Their biocides portfolio includes solutions for material protection, water treatment, and disinfection. The company’s products are used in industries such as paints and coatings, construction, and personal care. The company focuses on developing sustainable and environmentally friendly biocidal solutions to meet increasing regulatory demands and consumer preferences for safer products.
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Nouryon
Nouryon, formerly AkzoNobel Specialty Chemicals, is a global specialty chemicals company headquartered in the Netherlands. In the biocides market, Nouryon is a significant player, offering a range of products for various applications. Their biocides portfolio includes solutions for water treatment, paints and coatings, personal care, and industrial preservation. Nouryon’s biocides help prevent microbial growth, extending product shelf life and improving performance. The company focuses on developing sustainable and environmentally friendly biocide solutions to meet increasing regulatory demands and consumer preferences. Nouryon’s strong research and development capabilities, along with its global presence, position it well in the competitive biocides market, where it faces competition from other major chemical companies.
Non-oxidizing biocides segment is estimated to be the fastest-growing type for biocides market during the forecast period 2024 to 2029
Non-oxidizing biocides are expected to be the fastest-growing segment in the biocides market from 2024 to 2029 because they offer specialized, targeted solutions for microbial control without the corrosive effects associated with oxidizing biocides. These biocides are particularly valued in industries like oil and gas, paper manufacturing, and water treatment, where maintaining the integrity of equipment and materials is crucial. They work by interfering with microbial metabolic processes, making them highly effective against specific organisms. As industries become more aware of the long-term benefits of preserving equipment and preventing biofilm formation, the demand for non-oxidizing biocides increases. Moreover, the growing focus on more environmentally friendly and less hazardous biocidal solutions aligns with the advantages of non-oxidizing biocides, driving their rapid market growth.
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Middle East & Africa is the fastest growing region for the biocides market during the forecast period 2024 to 2029
Due to its increasing industrialization, urbanization, and infrastructure development, the Middle East and Africa will have the quickest rate of growth in the biocides market between 2024 and 2029. These regions are experiencing significant growth in construction, water treatment, and oil and gas industries, all of which rely heavily on biocides for maintenance and protection. In water-scarce areas, ensuring clean and safe water is a priority, boosting the demand for biocides in water treatment applications. Additionally, as the region becomes more industrialized, there’s an increased need for biocides in products like paints, coatings, and household cleaning solutions to ensure hygiene and durability. The growing awareness of health and safety standards, coupled with the expansion of the hospitality and healthcare sectors, also fuels the demand for biocides. This combination of factors makes the Middle East & Africa a rapidly expanding market for biocides.
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