Among the various types of biocides, the halogen segment held the largest share in the global biocides market in 2015, and it is anticipated to retain its dominance during the forecast period. The major factors driving the growth of the halogen biocides market are the easy availability of raw materials, such as iodine, chlorine and bromine and their low cost. Metallic compounds were the second largest biocides consumed across the globe in 2015.

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The growing biocides applications in plastics and increasing demand for biocides in the emerging economies of Asia-Pacific such as India and China, and the development of multi-functionality excipients are creating ample revenue generation opportunities for the major biocides manufacturers. The key trend witnessed in the global market is the shift of interest from halogen biocides to others types of biocides in the developed economies of North America and Europe. However, the stringent regulatory requirement for biocides is expected to hinder the growth of the global biocides market to some extent.

The demand for metallic compound biocides is expected to increase in the coming years, due to their increasing usage as disinfectant in water treatment application and stringent regulations regarding the usage of halogens as biocides in developed economies. Another major type of biocides is organosulfur biocide, having antibacterial and antifungal properties.

Biocides are the active chemical molecules or compounds used to control or inhibit harmful organisms. According to the Directive 98/8/EC of the European Parliament and Council of the 16 February 1998, biocidal products are defined as active substances and preparations containing one or more active substances, put up in the form in which they are supplied to the user, intended to destroy, render harmless, prevent the action of, or otherwise exert a controlling effect on any harmful organism by chemical or biological means.

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Geographically, North America held the largest share in the global biocides market in 2015, owing to the high demand for paints and coatings in residential and commercial applications, and increasing demand for preservatives in food and beverages industry. The U.S. dominated the North American biocides market in 2015, and it is anticipated to retain its dominance during 2016 – 2022. Asia-Pacific is the second largest market for biocides. The increasing investment for infrastructure development, increasing demand for biocides in water treatment application, and growing biocides demand in paints and coatings industry are the key factors driving the growth of the Asia-Pacific biocides market. 

Some of the key players operating in the global biocides market include BASF SE, The Dow Chemical Company, The Lubrizol Corporation, Clariant, AkzoNobel N.V., Kemira, Troy Corporation, Thor Group Limited, LANXESS, and Solvay.

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