Middle East and Africa Biocides Market is expected to show a value of USD 440.79 million by 2029
Middle East and Africa Biocides Market, By Type (Halogen Compounds, Organic Acids, Nitrogen Based Biocides/Quaternary Ammonium Compounds, Metallic Compounds, Organosulfur Compounds, Phenolic Biocides, Others), Product Type (Preservatives, Pest Control, Others), Application (Water Treatment, Food and Beverage, Boilers and Industrial Cooling Towers, Personal Care, Wood Preservation, Paints and Coating, HVAC, Boilers, Oil and Gas, Fuels, Metal Working Fluids, Marine Industry, Plastics, Leather, Others) – Industry Trends and Forecast to 2029
The World Health Organization (WHO) estimates that 2.1 billion people worldwide lack access to safedrinking water intheir homes. Watertreatment is in highdemanddueto alackofsafedrinking water, which is boosting the biocides market across the region, since it is used as anti-fouling agents and disinfectants. Biocides are employed in a variety of industries, including healthcare, waste-water treatment, agriculture, food and drinks, paints, coatings, pulp, paper, plastics, and construction, due to their antimicrobial properties and widespread use as disinfectants, preservatives, and insecticides.
Middle East and Africa Biocides Market was valued at USD 611.03 million in 2021 and is expected to reach USD 440.79 million by 2029, registering a CAGR of 4.00% during the forecast periodof2022-2029. The market report curatedbytheDataBridgeMarket Researchteamincludes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Biocides are products or chemicals that are used to kill pests or microbes. Mold, bacteria, algae, insects, and rodents are commonly utilized to manage and kill hazardous and undesired species. Disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and other biocides are used in households and public locations such as hospitals and industries.
Recent Development
In January 2021, LANXESS has purchased Intace SAS, a French company, as part of their expansion to maintain their position as one of the leading biocide manufacturers. Intace SAS is a French firm that specialises in the formulation and application of fungicides and biocide for the packaging sector. On January 14, 2021, LANXESS and the seller signed an agreement to that effect. The parties have agreed to keep the purchase price a secret. The transaction is expected to close in the first quarter of 2021, according to LANXESS.
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Competitive Landscape and Biocides Market Share Analysis
The biocides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biocides market.
Some of the major players operating in the biocides market are
Lubrizol Corporation (U.S.)
BASF SE (Germany)
Clariant (Switzerland)
Cortec Corporation (U.S.)
Dow (U.S.)
Akzo Nobel N.V. (Netherlands)
Kemira (Finland)
Thor (U.S.)
BWA WATER ADDITIVES (U.S.)
LANXESS (Germany)
Albemarle Corporation (U.S.)
Lonza (Switzerland)
Baker Hughes (U.S.)
General Electric Company (U.S.)
Buckman (U.S.)
Valtris Specialty Chemicals (U.S.)
Ecolab (U.S.)
Merck KgaA (Germany)Ques Industries, Inc. (U.S.)
Biocides Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
High Usage of Antimicrobial Protection in End Use Industries
Biocides have become increasingly popular in a variety of industries. Because cooling water systems provide a favorable environment for the growth of microorganisms, cooling towers are one of the most common application areas for biocides in power plants, mining, and chemical facilities is further anticipated to propel the growth of the biocides market.
Increase in the Product Demand in Medical Industry
The medical business is expanding as a result of increased consumer awareness of health and hygiene. As a result, this factor is largely encouraging manufacturers to use new technologies in developing medical solutions, thus further contributing to the market growth.
Growing Demand from Paints and Coatings Industry
The market is being driven by the growth of the paints and coatings market. The product is used to protect the painted surface against microbial contamination such as fungal or bacterial growth caused by air pollution and exposure to the outside environment in this sector.
Furthermore, the growing population has increased demand for agricultural products and created a global infrastructure need, as both the agriculture and construction sectors are heavy users of biocides in diverse commodities such as pesticides, plastics, and paints and coatings, which will further propel the growth rate of biocides market.
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Opportunities
Product Developments and Research and Development Activities
Furthermore, various product developments bythe market players further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing researchand development activities will further expand the future growth of the biocides market.