Tuesday, 02 January 2024 12:17 GMT

Biocides Market Challenges Linked To Stringent Regulatory Frameworks High Compliance Costs And Ingredient Price Fluctuations


(MENAFN- iCrowdNewsWire)

The Global Biocides Market Size is valued at USD 9.50 billion in 2024 and is predicted to reach USD 15.25 billion by the year 2034 at a 5.0% CAGR during the forecast period for 2025-2034.

Get Free Access to Demo Report, Excel Pivot, and ToC:

Latest Drivers, Restraint, and Opportunities Market Snapshot:

Key factors influencing the global Biocides market are:

  • Growing consumer interest in the nourishment sector
  • Increasing need for sustainable biocides
  • Technological Development

The following are the primary obstacles to the Biocides market's expansion:

  • Rigorous legal framework
  • Lack of awareness
  • Fluctuations in the cost of ingredients

Future expansion opportunities for the global Biocides market include:

  • Raising healthcare consciousness
  • Increased focus on efficient sewage treatment
  • Growing research and development

Key Industry Insights & Findings from the report:

  • Large corporations in the biocide sector are implementing an innovative cooperation approach to create novel and inventive goods and broaden their market.
  • The need for biocides is fueled by the growing need for sanitary water throughout the world and the increased focus on efficient sanitation.
  • North America dominated the market and accounted for a revenue share of global revenue in 2023.
  • Volatility in prices for essential supplies may impede the industry's expansion for biocides.

Market Analysis:

Biocides, employed to control or eliminate harmful microorganisms-including bacteria, fungi, viruses, and invasive plant species-constitute a vital segment of the global chemical industry. Their utilization has expanded across multiple sectors, driven primarily by the increasing application of biocides in cooling systems within utilities, extraction industries, and petrochemical operations. These environments are particularly susceptible to microbial proliferation, making biocide treatment essential for maintaining operational efficiency and protecting the longevity, reliability, and structural integrity of equipment.

Expert Knowledge, Just a Click Away:

List of Prominent Players in the Biocides Market:

  • Lanxess AG
  • Veolia Group
  • Araxda AG
  • Ecolab Inc.
  • Nouryon
  • General Electric Company
  • Evonik Industries AG
  • Solvay S.A.
  • Clariant AG
  • Italmatch Chemicals S.P.A.
  • Solenis & Sigura Water
  • Kemira Oyj
  • Stepan Company
  • Danaher Corporation
  • Albemarle corporation
  • M.C. Corporation
  • C.L. Group
  • Chevron Corporation
  • E.S. Energy Solution CORP
  • Arkema SA
  • The Lubrizol Corporation
  • Thor Group Limited
  • Chemicrea Inc
  • Merck KGAA
  • Accepta Water Treatment

Recent Developments:

  • In March 2024, Evonik's latest catalyst product, Octamax, was introduced. It is an extremely sustainable and effective way to remove sulfur from fuel used in refineries. The selected NiMo and CoMo catalysts used in hydrodesulfurization (HDS) units for cracked gasoline undergo renewal and improvement in an optimal environment.
  • In January 2024, Merck, a leading pharmaceutical, biotechnology, and healthcare company, announced a licensing arrangement including the first-in-class oral inhibitor of the creatine transport channel SLC6A8, Ompenaclid (RGX-202), and subsequent medicines that target SLC6A8. The headquarters of Inspirna, Inc. are located in the Big Apple.
  • In January 2024, Chevron Corporation (NYSE: CVX) disclosed that it is providing $3 million in aid to towns in Kazakhstan that are impacted by the severe rainfall that has occurred throughout the nation via its affiliated company Chevron Munaigas Inc. (Chevron).

Market Dynamics:

Drivers: Growing Demand for Environmentally Sustainable Biocides

The biocides market is witnessing notable growth, driven by an increasing focus on environmental sustainability. Industries are progressively prioritizing the adoption of biocide solutions that minimize ecological impact while maintaining effective microbial control. Biocides derived from natural or biological sources are gaining preference due to their biodegradability, minimal hazardous residues, and compatibility with environmentally conscious manufacturing practices. These sustainable solutions are increasingly valued by organizations committed to regulatory compliance and green operational initiatives.

Challenges: Complex and Stringent Regulatory Landscape

The biocides sector operates within a highly regulated framework, marked by rigorous safety, efficacy, and compliance standards that vary across regions. Adhering to these regulations demands substantial investment in testing, documentation, and certification, particularly for small and medium-sized enterprises. The complexity of approval processes and the associated operational costs can delay product commercialization, posing a significant barrier to market expansion.

Unlock Your GTM Strategy:

North America Is Expected to Grow with The Highest CAGR During the Forecast Period

The North American biocides market is anticipated to secure a significant share of global revenue and achieve a robust compound annual growth rate (CAGR) during the forecast period. This growth is primarily supported by ongoing urbanization, expanding industrial activities, and infrastructure development across the region. Additionally, North America's emphasis on technological innovation, product reliability, and stringent hygiene standards reinforces its leading position in the global biocides industry.

Key application segments-including surface coatings, water treatment, industrial maintenance, and residential sanitation-are expected to experience substantial benefits from the strategic deployment of advanced, environmentally sustainable biocidal solutions.

Segmentation of Biocides Market-

By Type-

  • Non-oxidizing Biocide
  • Oxidizing Biocide

By Application-

  • Water Treatment
  • Household
  • Industrial & Institutional Cleaning and Home Care
  • Paints & Coatings
  • Wood Preservatives

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Tags: Biocides Market See Campaign:
Contact Information:

Contact us: InsightAce Analytic Pvt. Ltd. Visit: Tel : +1 607 400-7072 Asia: +91 79 72967118 ...

Tags:
CE , Go Media , Go Media2 , iCN Internal Distribution , Reportedtimes , Research Newswire , English

MENAFN30092025003318003403ID1110133043

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search