The Latest Biocides Industry Statistics Explained
The global biocides market size was valued at USD 7.7 billion in 2015.
The statistic “The global biocides market size was valued at USD 7.7 billion in 2015” indicates the total monetary value of the market for biocides, which are substances used to control or kill harmful organisms such as bacteria, viruses, or fungi. This figure represents the amount of money spent worldwide on biocides in the year 2015. The market size suggests the significant economic importance of biocides and reflects the demand for products that can combat harmful organisms in various industries such as healthcare, agriculture, and water treatment. This information can be useful for policymakers, industry stakeholders, and investors in understanding the scale and dynamics of the global biocides market.
The global biocides market is projected to register a CAGR of over 5% during the forecast period (2021-2026).
This statistic indicates that the global biocides market is expected to experience a Compound Annual Growth Rate (CAGR) of over 5% over the forecast period from 2021 to 2026. This projection suggests a steady and consistent growth trend for the biocides market, which are chemical substances used to control or eliminate harmful organisms such as bacteria, viruses, fungi, algae, and insects. The CAGR metric provides a measure of the average annual growth rate of the market during the specified time frame, reflecting the overall growth potential and attractiveness of the biocides industry for investors and stakeholders.
In the global sector, water treatment held the largest share, accounting for more than 25% of the total volume in 2015.
In the global sector, water treatment held the largest share, with a significance of more than 25% of the total volume in 2015. This statistic indicates the substantial impact and importance of water treatment within the sector, reflecting the growing awareness and emphasis on ensuring clean and safe water sources worldwide. The high percentage suggests that water treatment is a critical component of various industries and sectors, including manufacturing, healthcare, and environmental conservation. The data highlights the essential role of water treatment processes in addressing challenges related to pollution, scarcity, and public health, emphasizing the need for continued investment and innovation in this area to meet the increasing demand for clean water resources globally.
The biocides market in North America was valued at $1.6 billion in 2019.
The statistic indicates that the biocides market in North America, which refers to the market for chemical substances used to control or eliminate harmful organisms such as bacteria, viruses, and fungi, had a total value of $1.6 billion in the year 2019. This suggests that there is a significant demand for biocides in North America for various applications such as water treatment, personal care products, and agricultural use. The market size signifies the economic importance and scale of the biocides industry in the region and highlights the potential opportunities and challenges within this sector for businesses and stakeholders in terms of sales, investments, regulations, and innovations.
The U.S. accounts for the major share of the North American biocides market.
This statistic indicates that the United States dominates the North American biocides market in terms of market share compared to other countries in the region. Biocides are substances that are used to control or destroy harmful microorganisms in various consumer and industrial products, such as disinfectants, preservatives, and pesticides. The fact that the U.S. accounts for the major share of this market suggests that it is a significant player in the production and consumption of biocides within North America, likely due to factors such as a strong manufacturing industry, regulatory environment, and overall demand for biocidal products in the country.
The European biocides market is projected to register a CAGR of over 5.5% during 2021-2026.
This statistic indicates that the European biocides market is expected to experience a Compound Annual Growth Rate (CAGR) of more than 5.5% over the period from 2021 to 2026. CAGR is a useful metric that represents the average annual growth rate of a market over a specified period of time, offering insights into the market’s overall trajectory. A CAGR of over 5.5% suggests that the European biocides market is likely to expand steadily and at a relatively strong pace in the coming years, which may be driven by factors such as increasing awareness about hygiene and disinfection, stricter regulations on biocide usage, and growth in end-user industries such as healthcare, water treatment, and agriculture.
The demand for biocides in food & beverages was USD 1,157.78 Million in 2015.
The statistic that the demand for biocides in the food and beverages industry was USD 1,157.78 million in 2015 indicates the total monetary value spent on biocides, which are substances used to kill or inhibit the growth of harmful organisms such as bacteria, viruses, and fungi in food and beverage products. This figure highlights the significance of biocides in maintaining food safety and quality standards, as well as ensuring consumer protection by mitigating health risks associated with microbial contamination. The substantial financial investment in biocides in 2015 underscores the industry’s commitment to meeting regulatory requirements, enhancing product shelf-life, and safeguarding public health in the food and beverage sector.
The total market value of biocides in paints & coatings is expected to reach $1.70 billion by 2025.
This statistic indicates the projected total market value of biocides specifically within the paints and coatings industry, forecast to reach $1.70 billion by the year 2025. Biocides are chemical substances used to control or inhibit the growth of microorganisms such as bacteria, fungi, and algae in various products, including paints and coatings. The expected growth in market value suggests an increasing demand for biocides in the paints and coatings sector, likely driven by factors such as the need for enhanced product durability, protection against microbial degradation, and regulatory requirements related to hygiene and safety. This forecast provides insight into the potential market size and opportunities for biocide manufacturers and suppliers within the paints and coatings industry over the next few years.
Halogens accounted for 28.8% of the total biocides market volume in 2015.
This statistic indicates that halogens, a group of chemical elements that includes chlorine, fluorine, bromine, iodine, and astatine, represented 28.8% of the overall volume of biocides in the market in the year 2015. Biocides are substances that are used to control, prevent, or destroy harmful organisms such as bacteria, viruses, fungi, or algae. The fact that halogens accounted for almost one-third of the total biocides market volume suggests that they play a significant role in the industry, likely due to their effectiveness in controlling various types of microorganisms. This data provides insights into the market share and importance of halogens in the biocides sector in 2015.
The global agricultural biocides market was valued at USD 9.10 billion in 2016.
The statistic states that the global agricultural biocides market had a total value of USD 9.10 billion in the year 2016. Agricultural biocides are chemical substances used in agriculture to control pests, weeds, and diseases that can damage crops. The market value indicates the total worth of these products sold worldwide in that particular year and suggests a significant demand for agricultural biocides to protect crops and ensure food security. This statistic highlights the economic importance and scale of the agricultural biocides industry, showcasing the investment and reliance placed on these products by the agricultural sector for safeguarding crop yields and quality.
The global biocides market was expected to witness growth at an estimated CAGR of 4.6% from 2016 to 2024.
This statistic indicates that the global biocides market was projected to experience a compound annual growth rate (CAGR) of 4.6% between the years 2016 and 2024. A CAGR is a smoothed annual growth rate that provides a more consistent measure of growth compared to a simple annual growth rate. The forecast suggests that the market for biocides, which are chemical substances used to control or eliminate harmful organisms in a wide range of industries such as healthcare, agriculture, and water treatment, is expected to expand steadily over the specified period. This growth rate suggests an increasing demand for biocides and potential opportunities for manufacturers and suppliers in the industry.
The market for metal biocides is expected to register a CAGR more than 5.5% during 2021-2026.
The statistic indicates that the market for metal biocides, which are substances used to control the growth of microorganisms on various metal surfaces, is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 5.5% between the years 2021 and 2026. This growth rate signifies the expected annual expansion of the market over this five-year period. A CAGR of more than 5.5% suggests a healthy and steady pace of growth in the demand for metal biocides, driven by factors such as increasing awareness about the importance of maintaining hygiene and preventing microbial contamination in industrial and consumer products. This statistic serves as a valuable indicator for companies operating in the metal biocides industry, helping them to understand the market trends and potential opportunities for business expansion.
In 2018, the worldwide biocides market size stood at USD 7.91 billion.
The statistic “In 2018, the worldwide biocides market size stood at USD 7.91 billion” indicates that in the year 2018, the total value of biocides sold globally amounted to $7.91 billion. Biocides are chemical substances designed to control or destroy harmful organisms such as bacteria, viruses, fungi, algae, and insects. This market size figure reflects the combined revenues generated by the sale of biocides across various industries and applications worldwide. The value represents the economic significance of the biocides industry and highlights the growing demand for these products in sectors such as agriculture, healthcare, water treatment, and consumer goods.
The Asia-Pacific region is expected to be the fastest-growing biocides market during the forecast period of 2021-2026.
The statistic indicates that the biocides market in the Asia-Pacific region is projected to experience the highest growth rate compared to other regions from 2021 to 2026. This anticipated growth suggests an increasing demand for biocides in industries such as agriculture, water treatment, healthcare, and personal care within the region. Factors contributing to this growth could include population growth, urbanization, rising awareness of hygiene and health, and stringent regulations regarding biocides usage. The expansion of key industries and increasing disposable incomes in emerging economies within the Asia-Pacific region may also drive the growth of the biocides market. Overall, this statistic highlights the potential opportunities for business expansion and investment in the biocides sector in the Asia-Pacific region.
Silver-based biocides are anticipated to become an area of interest in the market, and it is expected to register a CAGR of 4.8% in the forecast period 2021-2026.
The statistic indicates that there is significant anticipated growth in the market for silver-based biocides over the forecast period of 2021-2026. A Compound Annual Growth Rate (CAGR) of 4.8% suggests a steady increase in demand for silver-based biocides, likely driven by factors such as rising awareness about antimicrobial properties of silver and its effectiveness in preventing the growth of microorganisms. This growth trend signifies that silver-based biocides are expected to gain traction among consumers and industries looking for effective and sustainable solutions for controlling pathogens and preserving products. Overall, the statistic suggests that the market for silver-based biocides is poised for substantial growth in the coming years.
Metal biocides, which are widely used in marine paints and coatings, held a market value of over $200 million in 2016.
The statistic indicates that in 2016, metal biocides, commonly utilized in marine paints and coatings for their antimicrobial properties to inhibit the growth of biofouling organisms such as algae and barnacles, were valued at more than $200 million in the market. This suggests that the demand for metal biocides in the marine industry was substantial, reflecting the importance of maintaining the cleanliness and performance of marine structures and vessels. The significant market value also signifies the economic significance of metal biocides in this sector, highlighting the investment and reliance placed on these chemicals to protect marine assets and enhance their longevity.
The growing food industry in Asia Pacific contributes to around 25% of the total biocides market share.
The statistic highlighting that the growing food industry in Asia Pacific contributes to approximately 25% of the total biocides market share indicates the significant importance of this industry sector in the region. Biocides are substances or chemicals used to control harmful organisms, such as bacteria, viruses, or fungi, that can cause damage to food crops or food storage. The fact that a quarter of the biocides market share is attributed to the food industry in Asia Pacific underscores the reliance on such products for food safety and security, as well as the region’s role in global food production and consumption. This statistic suggests a strong demand for biocides in the food sector, reflecting the region’s growing agricultural activities, food processing, and export market.
It’s estimated that China’s biocides (disinfectants) market is estimated to grow at a CAGR of 6% from 2020 to 2025.
This statistic indicates that the market for biocides, specifically disinfectants, in China is projected to experience a Compound Annual Growth Rate (CAGR) of 6% from the year 2020 to 2025. This implies that the demand for biocides is expected to increase steadily at a consistent rate over this period. Factors such as increasing concerns about hygiene and sanitation, particularly in response to public health crises like the COVID-19 pandemic, as well as growth in industries requiring disinfection practices such as healthcare, food and beverage, and industrial sectors, are likely driving this growth in the biocides market in China. This estimation provides valuable insight for businesses and policymakers in understanding the evolving landscape of disinfectant product demand and market trends in the region.
The global antimicrobial additives market, a sub-group of biocides, is projected to reach $5.5 billion by 2026.
The statistic indicates that the global market for antimicrobial additives, which are a type of biocides used to prevent the growth of bacteria, fungi, and other microorganisms, is forecasted to grow to a value of $5.5 billion by the year 2026. This significant projected increase suggests a growing demand for antimicrobial additives in various industries such as healthcare, food and beverage, and construction, where the prevention of microbial contamination is crucial. The rising awareness of the importance of maintaining hygienic environments and reducing the spread of infections is likely to be a key driver for the expansion of the antimicrobial additives market over the next few years.
Conclusion
The biocides industry statistics showcased a promising growth trajectory, indicating a robust market with increasing demand for biocidal products. As the industry continues to evolve, it is essential for businesses to stay informed about the latest trends and developments to capitalize on emerging opportunities and navigate potential challenges effectively. Overall, the data presented highlights the dynamic nature of the biocides sector and underscores the importance of data-driven decision-making for stakeholders in this thriving industry.
References
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