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North American Biocides Market revenue to cross $6 Bn by 2026
Published Date: 2021-02-19
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North American Biocides Market size is anticipated to reach USD 6 billion by 2026, according to a latest forecast report by Graphical Research.
Rise in the use of water treatment chemicals in industrial and commercial plants has also for controlling the microorganisms in water and processing equipment will accelerate the market expansion. Further, use of biocides in food and personal care products owing to its antimicrobial properties should trigger the biocides market growth in North America.
The phenolic segment is estimated to observe a growth rate of 6% between 2020 to 2026. Phenolic mainly refers to Phenol. Phenols are used in various household products and as intermediate in industrial applications. In low concentration, it is used as a cleaner and antiseptic.
Phenolic biocides are used in products like antiseptics, disinfectants, surgical scrubs, and cosmetics. Phenolic derivative chemicals are effective against bacteria and fungi in acidic form. Utilization on antiseptics and disinfectants in medical and healthcare industry has increased, owing to increase in the number of preventive measures for controlling infections from bacterial and fungi. Further, expansion of healthcare facilities in North America has driven the demand for disinfectants and antiseptics in healthcare sector.
Browse detailed statistical insights from the report, “North American Biocides Market Size By Product (Metallic Compounds, Halogen Compounds, Organic acids, Organosulfur, Nitrogen, Phenolic), By Application (Boilers & beverage, Water treatment, Wood Preservation, Paints & Coatings, Personal Care, Boilers, HVAC, Fuels, Oil & Gas), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
The paints and coatings segment in the application category is predicted to grow at 5% CAGR through 2026. Paint and coating manufactures use a variety of antimicrobial additives for preventing bacteria and fungi to grow on paints. Growth of fungi can lead to cracking of paint, loss of paint adhesion, and decay paint. Moreover, growth of bacteria and fungi may lead to illness and damage to materials. Biocides are used in paints and coatings applications due to antimicrobial efficacy and long-term protection offered by biocides. The demand for antimicrobial paint has increased in North America, pertaining to rising demand for paints and increasing number of preventive measures taken by individual against bacteria and fungi. Such rise in the consumption of antimicrobial paints has proliferated the demand for biocides in paints and coatings industry.
The personal care segment, in terms of application, accounted for a North American biocides market share of 15% in 2019. Biocides are used in personal care products as these are effective against a wide range of microorganisms. Biocides help in adding antimicrobial properties to the cosmetics and personal care products, which is a key advantage of biocides.
The demand for products with antimicrobial properties has increased, owing to growing consumer awareness. Moreover, growing consumer spending on cosmetics and personal care products and changing lifestyle has also propelled the demand for products that offer protection against microorganisms such as bacteria and fungi. This rise has bolstered the consumption of biocides in personal care products, which has stimulated the market growth.
Use of products with antimicrobial properties in applications like water treatment, food and beverage, personal care, and oil and gas has been a key growth stimulating factor for the biocides industry. Increase number of the water treatment facilities in U.S. and Canada should trigger the use of disinfectants, phenolics, and halogen compounds. Moreover, growth in the food and beverage industry has also fueled the use of antibiotics, antibacterials, and germicides.
Major players in the market include DuPont, Cortec Corporation, Valtris Speciality Chemicals, Dow Chemical Company, GE Water and Process Technologies, Clariant AG, Buckam Laboratories International, Sigma – Aldrich Corporation, Lonza, and AkzoNobel.
The North America biocides market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of revenue (USD) from 2015 to 2026, for the following segments:
North America Market, By Application
- Food & beverage
- Water treatment
- Wood preservation
- Paints & coatings
- Personal Care
- Oil & Gas
North America Market, By Product
- Metallic Compounds
- Halogen Compounds
- Organic Acid
The above information has been provided for the following countries:
- North America