Biocides Market Poised for Robust 3.8% CAGR Growth Over 2024-2031 Period

1. Biocides Market Poised for Robust 3.8% CAGR Growth Over 2024–2031 Period The Biocides Market, valued at 11,672.24 million USD in 2022, is anticipated to witness robust growth, with a projected Compound Annual Growth Rate (CAGR) of 3.8% over the forecast period. This surge is propelled by the growing demand for biocides across diverse industries such as healthcare and pharmaceuticals, construction, food & beverages, water treatment, agriculture and crop protection, and construction and wood preservation. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.sanglobalresearch.com/request- sample/3065

2. Biocides play a critical role in healthcare settings, extensively utilized for disinfecting surfaces, medical equipment, and instruments to prevent healthcare-associated infections (HAIs) and ensure patient safety. The escalating consumer awareness regarding health and safety issues has led to an increased demand for products and services prioritizing cleanliness and hygiene, thereby driving the adoption of biocides by businesses to provide safe and clean environments for their customers. Moreover, the rise in waterborne diseases has further fueled the growth of the biocides market. Biocides are instrumental in water treatment processes aimed at eliminating harmful microorganisms and ensuring safe and clean drinking water. Regulatory agencies impose stringent standards and requirements for the use of biocides in various applications, including healthcare, food production, and water treatment, underscoring the importance of compliance to avoid legal and financial repercussions. Type Outlook Segmentation based on type categorizes the biocides market into Oxidizing biocides and non-Oxidizing biocides, with the former accounting for the largest share in 2022. Oxidizing biocides, characterized by broad-spectrum antimicrobial activity, are driving the growth of the market due to their ability to target and eliminate a wide range of microorganisms, including bacteria, viruses, fungi, and algae. This versatility makes them suitable for various applications such as pool and spa maintenance, food and beverage processing, and cooling water systems. Furthermore, in water treatment, oxidizing biocides are utilized to prevent the growth of harmful bacteria and algae in cooling towers, boilers, and other water systems, thereby maintaining water quality and preventing corrosion

3. and fouling. The growing demand for oxidizing biocides in water treatment applications is bolstering the growth of this segment. For instance, in June 2018, DuPont launched Specialty Products within its AQUCAR Water Treatment Microbiocides portfolio to treat microbes under - 40° F. Regional Outlook Asia-Pacific has emerged as the leading market for biocides in 2022, driven by several key factors. The rapid industrialization of many Asia-Pacific countries has led to a proliferation of manufacturing facilities, factories, and industrial complexes with high cleaning and maintenance requirements to ensure operational efficiency and safety. Additionally, the expansion of the healthcare sector in the Asia-Pacific region, marked by the construction of new hospitals and clinics, necessitates stringent cleaning and sanitation practices to prevent infections, thereby driving the demand for cleaning services and products. Key Companies Profiled: Ecolab, Lonza Group, BASF SE, DOW, Clariant AG, The Lubrizol Corporation, Solvay S.A., Troy Corporation, Buckman Laboratories International, Inc., Kemira

4. Global Biocides Market, Report Segmentation Biocides Market, By Type Oxidizing Biocides Non-Oxidizing Biocides Biocides Market, By End-Use Paints & Coatings Water Treatment, HVAC Other Biocides Market, Regional Outlook North America U.S. Canada Mexico Europe Germany UK Spain Russia France Italy Asia Pacific China Japan India South Korea Australia CSA Brazil Argentina

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