Chandigarh Herald

Biocides Market Projected Worth of $13.6 Billion by 2027, at a CAGR of 4.3%

 Breaking News
  • No posts were found

Biocides Market Projected Worth of $13.6 Billion by 2027, at a CAGR of 4.3%

August 02
23:20 2023
Biocides Market Projected Worth of $13.6 Billion by 2027, at a CAGR of 4.3%
Browse 332 market data Tables and 52 Figures spread through 304 Pages and in-depth TOC on “Biocides Market”
The Biocides Market is experiencing robust growth due to increasing demand in various industries for effective antimicrobial agents to control harmful microorganisms, ensuring product longevity and hygiene. Advancements in technology and growing awareness regarding hygiene and disease prevention are driving market expansion.

The global biocides market will grow to USD 13.6 billion by 2027, at a CAGR of 4.3% from USD 11.0 billion in 2022 Biocides are substances used to kill or inhibit all harmful life forms when introduced in sufficient concentration and duration. They are primarily used to kill harmful organisms and control bacterial or fungal growth. 

Download PDF Brochure:  

The key market players profiled in the report include LANXESS AG (Germany), Veolia Group (France), Arxada AG (Switzerland), Ecolab Inc. (US), Nouryon (Netherlands), General Electric Company (US), Evonik Industries AG (Germany), Solvay SA (Belgium), and Clariant AG (Switzerland) and others.

LANXESS AG is a leading specialty chemical company with the primary expertise in producing, developing, and marketing chemical intermediates, additives, specialty chemicals, and plastics. The company operates its business into five segments, namely advanced intermediates, specialty additives, engineering materials, consumer protection and reconciliation. The company offer biocides through consumer protection segment. The company has 65 production sites and 32 Health, Safety, & Environment (HSE) checks at production facilities in 19 countries in the regions of Europe, Middle East & Africa, North America, Asia Pacific, and South America.

  • In July 2022, LANXESS AG has acquired the microbial control business unit of a US based group named International Flavors & Fragrances Inc. (IFF Inc.). This acquisition will help LANXESS AG to strengthen their biocidal active substances portfolio and microbial control business.

Request Sample Pages: 

Arxada AG is a rebranded company of the former company named Lonza Specialty Ingredients (LSI). The company offers biocides through the microbial control solutions division and its acquired company Troy Corporation. The company provides a wide portfolio of differentiated products targeted at a range of end markets. The company has 3,800 employees working in 26 manufacturing sites and 17 research and development centers globally in the regions of Europe, Middle East & Africa, North America, South America, and Asia Pacific.

  • In March 2021, Arxada AG signed a distribution agreement for the distribution of healthcare disinfectants with LifeClean International. This agreement covers the commercialization of healthcare disinfectants in Europe.

During the forecast period, North America is expected to witness the highest growth rate in the biocides market. The region’s rapid expansion can be attributed to rising demand for antimicrobial solutions across various industries, driven by advancements in technology and growing awareness regarding hygiene and disease prevention.

Inquiry Before Buying:  

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

Related Articles