BIOCIDES MARKET ANALYSIS

Biocides Market, By Product Type (Halogen compounds, Metallic compounds, Organosulfur, Phenolic, Nitrogen, and Others), By Application (Water treatment, Food and beverage, Personal care, Wood preservation, Paints and coatings, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In January 2021, Lanxess, a specialty chemicals company, finalized an agreement to acquire Intace SAS, a biocide manufacturer based in Paris. This acquisition aims to enhance Lanxess's biocide technology platform specifically for packaging and labeling applications within the consumer goods sector.
In November 2020, AlzChem Group AG announced plans to increase its nitrile production capacity by 50% to meet the rising demand for medications and biocides. The company has committed approximately USD 14 billion to this expansion, which is expected to be completed by the second quarter of 2021.