Biocides Market Outlook 2024-2031: Trends and Opportunities/ Akzo Nobel N.V., Albemarle Corp., Baker Hughes Co.

Biocides market is anticipated to grow at a CAGR of 5.2% during the forecast period. Biocides are widely used in the production of antimicrobial disinfectants, sterilizers, and sanitizers that aids in stopping or eliminating the spread of disease and infections. Biocides are also widely used as a disinfectant of the machine equipment in the industries. In addition to this, biocides are also being used in the treatment of drinking water, which reduces the risk of many diseases such as typhoid fever, cholera, and various other waterborne diseases. The aforementioned reasons are anticipated to positively impact the growth of the biocides market during the forecast period.

Moreover, the use of biocides also aids in extending the shelf lives of the products and promotes sustainability by reducing waste. Hence, the antimicrobial biocides are utilized widely to preserve woods from decay caused by pests, mold, and mildew which in turn is expected to drive the biocides market shares. However, the use of biocides raises several environmental issues that are anticipated to hamper the growth of the biocides market during the forecast period.

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Biocides Market Segmentation

By Type

· Halogen compounds

· Metallic compounds

· Organosulfurs

· Organic acids

· Phenolics

· Others

By Application

· Water treatment

· Personal care

· Wood preservation

· Food & beverage

· Others

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Akzo Nobel N.V.

· Albemarle Corp.

· Baker Hughes Co.

· BASF SE

· Clariant International Ltd.

· Cortec Corp.

· EcolabInc.

· IRO GROUP INC.

· Italmatch Chemicals S.p.A

· Kemira Oyj

· LanxessAG

· Melzer Chemicals Pvt. Ltd.

· Solvay SA

· Suez Water Technologies & Solutions

· DuPont de Nemours, Inc

· The Lubrizol Corp.

· Thor Group Ltd.

· Troy Corp.

· Valtris Specialty Chemicals Ltd.

· Veolia Water Solutions & Technologies

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