Biocides MarketSize and Trends

The global biocides market is estimated to be valued at US$10,654 million in 2021 and is expected to exhibit a CAGR of 4.1 % over the forecast period (2021-2028).

Market Trends

Increasing strategic mergers and acquisitions for expanding production capacity of the biocides will favor the market growth in the near future. For instance, in August 2019, Vink Chemicals acquired ISP Biochema Schwaben in Memmingen (Bavaria). This acquisition is expected to broaden the production capacity next to the already existing production site in northern Germany. Vink Chemicals generates around 95 % of its sales from the production and sale of biocides products.

Increasing investment in biocides production by key manufacturers is one of the emerging trends in the industry. For instance, in September 2020, Airedale Chemical, the industrial chemical specialist based in the UK, has invested more than $46,000 into its facilities following an agreement with a chemical supplier to the water treatment industry. In this partnership Airedale Chemical is going to manufacture a new disinfectant product for Chemiteq and distribute it directly to its customers.

Biocides Market Report Snapshots