Biocides Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
The global biocides market is anticipated to increase at an impressive rate through 2028. Biocides are substances or products that may be in powder or liquid form, utilized to safeguard the product against unwanted plants, microorganisms, and animals. Biocidal products are applied to shield people and animals from pests like insects or rodents and control viruses and preserve goods, bacteria, and fungi through a chemical or biological action to preserve goods, such as wood preservatives, disinfectants, and insect repellents. This in turn is expected to positively influence the market growth of biocides in the coming years.
Increasing water treatment and demand from healthcare industry are some of the primary factors driving the biocide market. Apart from this, growing demand for triacetin, undecylenic, resorcinol, and other food and personal care products for producing their final goods like toothpaste, mouthwashes, deodorants, shaving gels, among others is further expected to drive the growth of global biocides market.
Rising Demand for Biocides in Water Treatment
Rising cases of waterborne diseases among the population has led to an increase in demand for treated water. Notably, many wastewater treatment facilities in coastal regions include a final sterilization stage with chlorine. Moreover, the toxic by-products effects on marine life and the removal of non-pathogenic bacterial indications of faucal pollution made this method be questioned more frequently. Viruses and protozoa with more excellent resistance persist; they could still spread outbreaks to anyone who swims or consumes seafood, thereby increasing the requirement for water treatment. The role of biocides as a potential water treatment option is expected to create lucrative opportunities for the market growth in the coming years.
Increasing demand from various End User Industries
The antibacterial characteristics of biocides has increased their applications in various end user industries such as food & personal care products, water treatment, cleaning products, paint &painting, clothing & textile, furniture & furnishings, leather & suede, among others. In the clothing & textile sector, antibacterial substances like Triclosan, dichlorophen, Kathon893, Hexa-chlorophenol, triclocarban, and Kathon CG are applied to apparel products to prevent unpleasant odours caused by sweat breakdown. Same as in food & personal care products, Triclosan is used to produce different products such as toothpaste and deodorant as a disinfectant. Apart from these, biocides are used in feed preservation to provide them protection against the corrosion caused by microorganisms.
The global biocides market is witnessing a lot of developments in the form of mergers & acquisitions, collaborations & partnership, new product launches, exploring new application areas, among others. This in turn is expected to create new opportunities for the growth of global biocides market in the coming years. Some of the recent developments include:
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