Market Size of North America Biocides Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.53 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Biocides Market Analysis
The North America Biocides Market is estimated to reach 3.78 million tons by the end of this year and is projected to reach 4.72 million tons in the next five years, registering a CAGR of 4.53% during the forecast period.
The COVID-19 pandemic has affected several industries negatively. The lockdown in the North American countries caused disruptions in production, industrial activities, and freight transportation restrictions, disturbing the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- Over the short term, rising demand from the wood protection segment and increasing pharmaceutical consumption are major factors driving the market's growth.
- However, stringent regulatory policies are likely to restrain the growth of the studied market.
- Nevertheless, the development of novel biocidal paints and coatings will likely create lucrative growth opportunities for the global market.
- The United States represents the largest market over the forecast period due to the increasing consumption across sectors like construction, water treatment, and pharmaceuticals.
North America Biocides Industry Segmentation
Biocides are chemicals used for protection against unwanted plants, animals, or microorganisms. Biocides are produced in liquid and powder forms, in ready-to-use formulations, or as concentrates. Biocides and biocidal substances are commonly used as anti-fouling agents or disinfectants across industries such as agriculture, water treatment, and pharmaceuticals, to name a few.
The North America biocides market is segmented by application and geography. By application, the market is segmented into water treatment, pharmaceutical and personal care, wood preservation, food and beverages, paints and coatings, and other applications (healthcare, animal husbandry, agriculture, and paper industry). The report also covers the market size and forecasts for the biocides market in 3 countries across the North American region. For each segment, the market sizing and forecasts have been done in terms of volume (tons).
Application | |
Water Treatment | |
Pharmaceutical and Personal Care | |
Wood Preservation | |
Food and Beverage | |
Paints and Coatings | |
Other Applications (Healthcare, Animal husbandry, Agriculture, and Paper Industry) |
Geography | |
United States | |
Canada | |
Mexico |
North America Biocides Market Size Summary
The North America Biocides Market is experiencing a steady growth trajectory, driven by increasing demand from sectors such as wood protection and pharmaceuticals. The market, which faced disruptions due to the COVID-19 pandemic, has shown resilience and is on a path to recovery. The United States stands out as the largest consumer of biocides in the region, fueled by its robust construction, water treatment, and pharmaceutical industries. The wood preservation sector, in particular, is a significant consumer of biocides, as these chemicals are essential for protecting timber from insect and fungal attacks. The development of innovative biocidal paints and coatings presents further growth opportunities, despite the challenges posed by stringent regulatory policies.
The construction industry in North America, especially in the United States, is a major driver of biocide demand, with significant investments in residential and commercial building projects. The pharmaceutical sector's strong presence and the increasing focus on water infrastructure improvements also contribute to the rising consumption of biocides. The market is characterized by a partial fragmentation, with key players like LANXESS, BASF SE, The Lubrizol Corporation, Solvay, and Ecolab actively participating. Recent strategic moves, such as LANXESS's acquisition of the microbial control business unit from International Flavors & Fragrances Inc., highlight the dynamic nature of the market and the ongoing efforts to expand production capabilities in response to growing demand.
North America Biocides Market Market Size - Table of Contents
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1. MARKET DYNAMICS
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Water Treatment
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2.1.2 Pharmaceutical and Personal Care
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2.1.3 Wood Preservation
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2.1.4 Food and Beverage
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2.1.5 Paints and Coatings
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2.1.6 Other Applications (Healthcare, Animal husbandry, Agriculture, and Paper Industry)
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2.2 Geography
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2.2.1 United States
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2.2.2 Canada
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2.2.3 Mexico
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North America Biocides Market Market Size FAQs
What is the current North America Biocides Market size?
The North America Biocides Market is projected to register a CAGR of 4.53% during the forecast period (2024-2029)
Who are the key players in North America Biocides Market ?
Ecolab, BASF SE, The Lubrizol Corporation, LANXESS and Solvay are the major companies operating in the North America Biocides Market .