Biocide market report 2019-2025 provides a detailed analysis on major regions such as North America, Europe, Asia Pacific, South America & Middle East and Africa.

Dallas, TX -- (SBWire) -- 01/25/2019 --The global biocide market size is estimated to be worth USD 13.76 billion by 2025 due to the increasing demand for the product in applications such as water treatment, paints & coatings and food & beverages among others. Rising need for extensive water treatment processes to address the growing demand for clean water globally, is the primary key factor attributing to the growth of the global biocide market.

Biocide is a compound which is used to kill or control any life form. These are a diverse group of poisonous substances including insecticides, disinfectants, preservatives and pesticides used for the control of organisms that are harmful to human or animal health or that cause damage to natural or manufactured products. However, the growing concern over the exposure to toxic chemicals is expected to hamper the global biocide market growth in the coming years. The European Union regulatory framework and the Federal Pesticide Law (FIFRA) regulates the use of biocides in Europe and the US respectively. For instance, the FDA recently banned Triclosan, an antibacterial agent from use in over-the-counter antiseptic products.

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By type, phenolic compounds is projected to contribute to over 13% of the global biocide market revenues by 2025. This can be attributed to the requirement of microbial protection for a wide number of applications including pulp, paper, paints, adhesives, water treatment and metalworking fluids. Furthermore, the use of phenolic as a disinfectant in hospitals, nursing homes, households, farms, laundries, and food processing plants will majorly drive the demand of this segment in the coming years.

Water treatment application emerged as the largest application contributing to more than 23% of the revenues in 2017 and is projected to witness the fastest gains in the future. Rising need for clean water for domestic and industrial use in developing regions is the key driving factor behind the growth of wastewater treatment plants. The growth in potable water requirement owing to the increasing population in Asia Pacific is expected to propel the global biocide market demand. Furthermore, increased health awareness is also expected to act as a catalyst and contribute to the growth of the global biocide industry.

North America accounted for 40.5 % of the total revenue share in 2017. The U.S. dominated the regional biocide market and this trend is anticipated to continue over the forecast period. The infrastructural development in the region has escalated the demand for paints & coatings which has consequently driven the demand for biocide. The growing demand for food & beverage and personal care products owing to the rising disposable income has further led to the growth of the biocide market across the region. An increasing number of water treatment projects coupled with rising demand from the construction industry are the factors that are positively impacting the biocide market growth in the region. Middle East is expected to offer lucrative opportunities during the forecast period as a result of increased urbanization, rise in per capita income and demand from oil & gas application which will act as a driver for oilfield biocide market.

By application, paints & coatings is projected to be the second fastest growing application in the global biocide market with a valuation of approximately USD 1.54 billion by 2025. The antimicrobial, antifungal and antibacterial properties of biocides (that help in restricting growth of unwanted fungus and bacteria) have escalated its demand in paints & coatings. The increasing construction activities in emerging countries has resulted in elevating the demand for paints and coatings, thereby acting as an aid in the growth of global biocide market.

Geographically, Asia Pacific is anticipated to grow at a CAGR of 6% during the forecast period. Increasing investments in infrastructure and manufacturing in the region are expected to offer huge growth opportunities to the regional biocide market growth. China and India are projected to emerge as the key driving countries during the forecast period.

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Furthermore, the rising need for safe packaged food serves as a driving factor for the food and beverage industry, thereby, driving the global biocide market growth. Increasing government investments for waste water treatment across the region has further aggravated the demand of biocides. For instance, India's wastewater infrastructure capital expenditure is projected to increase by 83% over the next five years. This is to present immense lucrative opportunities for biocide manufacturers.

The competitive landscape of the global biocide market is fragmented with a large number of players with global and regional presence. The key players in the global biocide market report include AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals Inc., Nalco Champion and Arch Chemicals Inc. among others.

Key segments of the global biocide market

Type Overview, 2015-2025 (USD Million)

Phenol
Organosulfurs
Nitrogen
Organic Acids
Halogen Compounds
Metallic Compounds
Others

Application Overview, 2015-2025 (USD Million)

Oil & Gas
Water Treatment
Paints & coatings
Food & Beverages
HVAC
Personal Care
Fuels
Boilers
Others

Regional Overview, 2015-2025 (USD Million)

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific
India
Japan
China
Rest of APAC
Rest of the World

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