Wilmington, Delaware, Feb. 13, 2025 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Biocides Market by Type (Oxidizing Biocides, Non-Oxidizing Biocides), by End-Use Industry (Personal Care, Food and Beverage, Home Care, Construction, Agriculture, Healthcare, Water Treatment, Paints and Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the “biocides market” was valued at $8.6 billion in 2023, and is estimated to reach $13.1 billion by 2033, growing at a CAGR of 4.4% from 2024 to 2033.
Prime determinants of growth
The biocides market is experiencing growth due to several factors such as an increase in demand for clean water and wastewater treatment, and stringent regulatory standards for hygiene and sanitation. However, high development and registration costs hinder the expansion of the market. Moreover, innovations in eco-friendly and sustainable biocides presents additional opportunities for biocides. As industries and consumers become increasingly aware of the environmental and health impacts of traditional chemical biocides, there is a shift towards developing biocides that are biodegradable, non-toxic, and derived from renewable resources. These innovations include plant-based antimicrobial agents, bio-based formulations, and advanced technologies that enhance the efficiency of biocides while minimizing their ecological footprint.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $8.6 Billion |
| Market Size in 2033 | $13.1 Billion |
| CAGR | 4.4% |
| No. of Pages in Report | 350 |
| Segments Covered | Type, End-Use Industry, and Region |
| Drivers |
|
| Opportunity | Innovations in eco-friendly and sustainable biocides |
| Restraint | High development and registration costs |
Non-oxidizing biocides segment to maintain its dominance by 2033
By type, the non-oxidizing biocides segment held the highest market share in 2023, accounting for less than three-fifths of the global biocides market revenue and is estimated to maintain its leadership status throughout the forecast period. The versatility of non-oxidizing biocides in treating microbial contamination in environments with high organic loads enhances their demand. These biocides maintain efficacy even in challenging conditions, such as in the presence of slime or biofilms, where oxidizing agents might be less effective. This versatility, coupled with advancements in biocide formulations that improve performance and reduce toxicity, is driving their adoption across industries.
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Water treatment segment is expected to lead the trail by 2033
Based on the end-use industry, the water treatment segment held the highest market share in 2023, accounting for one-fifth of the global biocides market revenue and is estimated to dominate during the forecast period. The growing need for clean water, wastewater management, and the treatment of industrial effluents plays a crucial role in the demand for biocides in this segment. In addition, the rise in waterborne diseases and increasing awareness about sanitation further fuel the market for water treatment biocides, driving growth in this segment.
Asia-Pacific is expected to grow faster throughout the forecast period
Based on region, Asia-Pacific is the fastest growing region in terms of revenue in 2023 representing 4.8% of the CAGR. The Asia-Pacific region is witnessing a significant rise in the demand for biocides, driven by a combination of economic growth, urbanization, and industrial expansion. As countries in the region face challenges related to water scarcity, pollution, and the rising population, there is a growing reliance on biocides to ensure the safety and quality of water. Moreover, governments and industries are investing in advanced water treatment infrastructure, where biocides play a critical role in eliminating harmful microorganisms and maintaining system efficiency.
Leading Market Players: –
- Clariant
- Solvay S.A.
- THOR Group Limited
- Stepan Company
- Arkema S.A.
- Evonik Industries AG
The report provides a detailed analysis of these key players in the global biocides market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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