Blog

Jan 23, 2024

Specialty biocides market size to grow by USD 3,441.91 million from 2022 to 2027: Importance of wastewater recycling and water reuse to boost growth

NEW YORK, April 21, 2023 /PRNewswire/ -- The global specialty biocides market

NEW YORK, April 21, 2023 /PRNewswire/ -- The global specialty biocides market size is estimated to increase by USD 3,441.91 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 8.14%. The importance of wastewater recycling and water reuse is driving market growth. Water consumption and wastewater generation have been increasing rapidly worldwide due to improvements in living standards. As a result, the demand for specialty biocides has increased. Some of the water purification techniques include adsorption, bioreactors, ultraviolet (UV) disinfection, vacuum evaporation, and electrodialysis. Specialty biocides are preferred for water treatment, as they have high resistance to contaminants and high antimicrobial activity. Hence, they are used for water and wastewater treatment applications in the food and beverage, pharmaceutical, chemical, and petrochemical industries. These factors will fuel the growth of the global specialty biocides market during the forecast period. Discover some insights on market size, historic period (2017-2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Specialty biocides market – Vendor analysisVendor landscape –

The global specialty biocides market is fragmented, with the presence of well-diversified international, regional, and local vendors. A few prominent vendors that offer specialty biocides in the market are Albemarle Corp., Baker Hughes Co., BASF SE, Buckman Laboratories lnternational Inc., Clariant AG, DuPont de Nemours Inc., Ecolab Inc., HIKAL Ltd., Kemira Oyj, Kimberlite Chemicals India Pvt. Ltd., Lanxess AG, Lonza Group Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Solvay SA, Syntec Corp., The Lubrizol Corp., Thor Group Ltd., Valtris Specialty Chemicals, and Vink Chemicals GmbH and Co. KG and others.

Regional vendors offer specialty biocides at comparatively lower prices than international vendors, which intensifies the competition in the market. New vendors are emerging in the market, and they find it challenging to compete with international vendors in terms of quality, functionality, and innovation. The competitive environment is expected to intensify, with the increasing product extensions, technological innovations, and M&A activities. International players are expected to grow inorganically by acquiring regional or local players.

Vendor offerings -

Albemarle Corp. - The company offers specialty biocides that are used as agricultural fertilizers and battery electrolytes, as well as pigments, fillers, and processing aids for paper manufacturing.

Baker Hughes Co. - The company offers specialty biocides that minimize the risks of souring and plugging in reservoir and production systems.

BASF SE - The company offers specialty biocides that function primarily by altering the permeability of the cell walls of microorganisms and interfering with biological processes.

Buckman Laboratories International Inc. - The company offers specialty biocides that protect the mill and also stop microbes that can harm productivity.

For details on vendors and their offerings – Request a sample report

Specialty biocides market - Segmentation assessmentSegment overviewTechnavio has segmented the market based on application (water treatment, wood preservation, hygiene and disinfectants, paints and coatings, and others), product (halogen compounds, nitrogen-based, inorganics, organosulfur, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The water treatment segment will account for a significant share of market growth during the forecast period. Water treatment is a key application of specialty biocides in countries such as the US, Germany, Japan, and China. Specialty biocides are used in cooling water systems, swimming pools, and spas, among other applications. They are primarily used to purify and disinfect water, as they have oxidizing and disinfecting properties. Hence, specialty biocides are widely used for water treatment.

Geography overviewThe report provides actionable insights and estimates the contribution of all regions to the growth of the global specialty biocides market.

North America is estimated to account for 35% of the growth of the global market during the forecast period. The regional market growth is attributed to factors such as the rising demand for specialty biocides for various applications, such as water treatment, wood preservatives, paints and coatings, oil and gas, agriculture, and antifouling. The expansion of the paints and coatings and marine industries is also driving the growth of the specialty biocides market in North America. Several regulations, such as the Canadian Environmental Protection Act (CEPA), the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), the Federal Food, Drug, and Cosmetic Act (FFDCA), promote the use of specialty biocides by the paints and coatings, oil and gas, agricultural, and marine industries.

The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market - Download a sample report

Specialty biocides market – Market dynamicsKey trends - The increasing use of silver-based biocides is a key trend in the market. Silver is a key metal compound and is a popular antimicrobial agent owing to its high biocompatibility. It is a naturally occurring element with low toxicity and is effective in controlling the growth of many types of microorganisms. Silver prevents issues such as discoloration, physical damage, corrosion, and foul odor. It is also used in medical and healthcare fields owing to its antimicrobial properties. The increasing adoption of silver-based specialty biocides for various applications, such as healthcare, plastic, paints, and coatings, is expected to support the growth of the market during the forecast period.

Major challenges - The health and environmental hazards associated with the use of specialty biocides are challenging market growth. Specialty biocides can be highly toxic to the environment as well as human and animal health. These compounds are highly corrosive and can cause serious eye and skin infections. Therefore, their disposal should be controlled after proper processing. Specialty biocides can also have a negative impact on the environment, wildlife, fish, and other aquaculture. Moreover, untreated disposal of specialty biocide waste can lead to contamination of soil and water systems such as ponds, lakes, streams, and public water. These factors will hinder the growth of the global specialty biocides market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this specialty biocides market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the specialty biocides market between 2023 and 2027

Precise estimation of the size of the specialty biocides market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the specialty biocides market across North America, APAC, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of specialty biocides market vendors

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The size of the specialty chemicals market in the US is expected to increase by USD 40.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.00%. Furthermore, this report extensively covers segmentation by type (adhesives, electronic chemicals, water treatment chemicals, specialty mining chemicals, and others) and function (specialty coatings, catalysts, specialty pigments, antioxidants, and others).

The specialty fertilizers market size is expected to rise by USD 11.35 billion from 2021 to 2026 at a CAGR of 6.15%. Furthermore, this report extensively covers market segmentation by application (fruits and vegetables, cereals and grains, oilseeds and pulses, and others) and geography (APAC, Europe, North America, South America, and MEA).

Specialty Biocides Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.14%

Market growth 2023-2027

USD 3,441.91 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.03

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Albemarle Corp., Baker Hughes Co., BASF SE, Buckman Laboratories lnternational Inc., Clariant AG, DuPont de Nemours Inc., Ecolab Inc., HIKAL Ltd., Kemira Oyj, Kimberlite Chemicals India Pvt. Ltd., Lanxess AG, Lonza Group Ltd., Merck KGaA, Nouryon Chemicals Holding BV, Solvay SA, Syntec Corp., The Lubrizol Corp., Thor Group Ltd., Valtris Specialty Chemicals, and Vink Chemicals GmbH and Co. KG

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio Materials market reports

Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global specialty biocides market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Product Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 Water treatment - Market size and forecast 2022-2027

6.4 Wood preservation - Market size and forecast 2022-2027

6.5 Hygiene and disinfectants - Market size and forecast 2022-2027

6.6 Paints and coatings - Market size and forecast 2022-2027

6.7 Others - Market size and forecast 2022-2027

6.8 Market opportunity by Application

7 Market Segmentation by Product

7.1 Market segments

7.2 Comparison by Product

7.3 Halogen compounds - Market size and forecast 2022-2027

7.4 Nitrogen-based - Market size and forecast 2022-2027

7.5 Inorganics - Market size and forecast 2022-2027

7.6 Organosulfur - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 APAC - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 Japan - Market size and forecast 2022-2027

9.12 France - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Albemarle Corp.

12.4 Baker Hughes Co.

12.5 BASF SE

12.6 Buckman Laboratories lnternational Inc.

12.7 Clariant AG

12.8 DuPont de Nemours Inc.

12.9 HIKAL Ltd.

12.10 Lanxess AG

12.11 Lonza Group Ltd.

12.12 Merck KGaA

12.13 Nouryon Chemicals Holding BV

12.14 Solvay SA

12.15 Syntec Corp.

12.16 The Lubrizol Corp.

12.17 Thor Group Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/specialty-biocides-market-size-to-grow-by-usd-3-441-91-million-from-2022-to-2027-importance-of-wastewater-recycling-and-water-reuse-to-boost-growth---technavio-301803497.html

SOURCE Technavio