CHICAGO, Aug. 9, 2024 /PRNewswire/ -- The
report "Biocides Market by Type
(Non-oxidizing Biocides, Oxidizing Biocides), Application (Water
Treatment, Industrial & Institutional Cleaning and Home Care,
Paints & Coatings, Wood Preservatives), and Region - Global
Forecast to 2029", size was USD 9.7
billion in 2024 to USD 12.3
billion by 2029, at a CAGR of 4.9% from 2024 to 2029.
Biocides are chemicals or natural substances used to control
harmful microorganisms like bacteria, fungi, algae, and viruses.
They play a crucial role in various industries to keep products and
environments safe and clean. In water treatment, biocides help
maintain clean water by preventing the growth of bacteria and algae
in cooling towers, drinking water systems, and industrial water
processes. For wood preservation, they protect wood from decay and
insect damage, ensuring longer-lasting structures. In the paints
and coatings industry, biocides prevent mold and mildew, keeping
surfaces clean and preventing damage. In industrial &
institutional cleaning and home care products, biocides are
essential for disinfecting and sanitizing, ensuring that surfaces
and environments are free from harmful germs.
Browse in-depth TOC on "Biocides Market"
323 – Tables
53 – Figures
302 –
Pages
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"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.
"Wood preservatives segment is estimated to be the second
fastest-growing application for biocides market during the forecast
period 2024 to 2029."
Wood preservatives are projected to be the second
fastest-growing application in the biocides market from 2024 to
2029 because of the increasing demand for durable and long-lasting
wood products in construction and furniture. As urbanization and
infrastructure projects expand, there's a greater need for wood
materials that can withstand harsh environmental conditions, such
as moisture, insects, and fungal decay. Biocides in wood
preservatives protect against these threats, extending the life and
maintaining the quality of wood products. Moreover, as consumers
and builders become more environmentally conscious, there's a
growing preference for wood as a sustainable building material.
This trend drives the demand for effective wood preservatives to
ensure these materials remain safe and sturdy over time,
contributing to the rapid growth of this market segment.
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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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Market Players
The key players identified in the biocides market report
are LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), Nouryon
(Netherlands), General Electric
Company (US), Evonik Industries AG (Germany), Solvay SA (Belgium), Clariant AG (Switzerland) and others.
Browse Adjacent Market: Specialty Chemicals Market
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