Biocides Market Growth, Trends, Revenue, Size, Future Plans and Forecast 2031

Allied Market Research recently released a comprehensive report titled "Biocides Market," offering insights into the industry. In 2019, the global biocides market was valued at $12.7 billion, with projections indicating it could reach $20.7 billion by 2027, exhibiting a promising CAGR of 6.8% during 2020-2027.

Key Market Drivers:

The market is driven by the growing demand for clean water in both domestic and industrial sectors. However, environmental regulations regarding toxic biocides and fluctuations in raw material prices pose challenges to market growth. Conversely, the emergence of silver-based biocides and the development of total organic biocide systems present new opportunities in the foreseeable future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/1870

Key Highlights from the Report:

The study encompasses 20 countries, offering a comprehensive segment analysis in terms of both value and volume for the period 2020-2027.
It integrates high-quality data, professional opinions, and critical independent perspectives to provide a balanced view of global markets, aiding stakeholders in making informed decisions.
The research methodology involved the review of over 3,700 product literatures, annual reports, industry statements, and other relevant materials from major industry players to gain a deep understanding of the market landscape.
The biocides market is highly fragmented, with key players including Berkshire Hathaway, BASF SE, DuPont, and others. The report tracks key strategies such as acquisitions, product launches, and mergers undertaken by these players.

Halogen-Based Derivatives Segment Leads:

The halogen-based derivatives segment held a significant share of over two-fifths of the market in 2019 and is projected to maintain its dominance. This is primarily due to the increasing demand for clean water globally and the usage of halogen-based biocides in industries such as oil & gas, chemical, and pulp & paper. Conversely, the organic acid segment is expected to witness the highest CAGR of 7.2% from 2020 to 2027 due to increased demand in various applications including preservatives, home care, and textile processing.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/1870

Agriculture Segment Dominates End Users:

In terms of end users, the agriculture segment held over one-fifth of the total market share in 2019 and is anticipated to maintain its dominance. This is attributed to the rising demand for crop protection and advancements in biocide products in agriculture. However, the personal care, home care, and pharmaceutical segments are expected to exhibit the highest CAGR of 7.4% from 2020 to 2027 due to increased demand in applications such as hair care, skin care, and toiletries.

Regional Insights:

Asia-Pacific, followed by North America, dominated the market in 2019, contributing to around two-fifths of the total market share. The region is expected to maintain its dominance, with Asia-Pacific exhibiting the fastest CAGR of 7.4% from 2020 to 2027. This growth is fueled by the presence of key players and manufacturing facilities in the region, along with increased usage of biocides in food & beverage applications.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/biocides-market/purchase-options

Leading Market Players:

Key players in the biocides market include Berkshire Hathaway, BASF SE, DuPont, and others, who are actively involved in strategic initiatives such as acquisitions and product launches to strengthen their market presence.

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