Biocides Market Size, Share & Trends Report

Biocides Market Size, Share & Trends Analysis Report By Product (QAC, Halogen Compounds, Phenolic), By End-use (Paints & Coatings, Water Treatment, HVAC), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-014-9
  • Number of Pages: 125
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the biocides market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for biocides market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of biocides market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Biocides Market Categorization:

The biocides market was categorized into three segments, namely product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compounds, Phenolic, Nitrogen, Glutaraldehyde), end-use (Water Treatment, Food and Beverage, Personal care, Wood Preservation, Paints and Coatings, Plastics, HVAC, Boilers, Oil and Gas, Fuels, Pulp and Paper, Cleaning Products), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The biocides market was segmented into product, end-use, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The biocides market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S., Canada, Mexico, Germany, the UK, France, Spain, Italy, China, India, Japan, South Korea, Brazil, Argentina, South Africa, Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Biocides market companies & financials:

The biocides market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Albemarle Corporation -Albemarle Corporation is a chemical company involved in the manufacturing and distribution of specialty chemicals. The company is a prominent producer of performance chemicals and provider of catalyst solutions. Products manufactured in the company are used as intermediates or additives to a broad range of products manufactured by cleaning products manufacturers, pharmaceutical companies, agricultural companies, water treatment companies, refineries, and electronics goods, among others.

  • The Lubrizol Corporation -The Lubrizol Corporation is a global manufacturer of specialty chemicals for industrial, transportation, and consumer markets. The company’s key product offerings include additives for diesel fuels and gasoline, additives for industrial lubricants, and additives for engine-oil among other transportation related fluids. It operates as a fully owned subsidiary of Berkshire Hathaway. The company’s business segments include Lubrizol advanced materials and Lubrizol additives.

  • BASF SE - BASF SE is a chemical production company operating through its subsidiaries and joint ventures in over 80 countries with more than 390 production sites spread across the globe. It also has 13 operating divisions and around 84 sub-business units worldwide. The company operates through six business segments including chemicals, industrial solutions, materials, surface technologies, nutrition & care, and agricultural solutions. Product portfolio of chemical segment includes intermediates, monomers, petrochemicals, and catalysts.

  • Solvay SA - Solvay SA is a global manufacturer of specialty chemicals and advanced materials. Advanced materials, advanced formulations, and performance chemicals are its key product categories. The company serves its products to end-use markets such as oil & gas, automotive, consumer goods, healthcare, food & feed, and electrical & electronics. It offers a diversified portfolio of products and formulations of amines, antioxidants, composites, flavors and fragrances, fluorine derivatives, mining chemicals, and specialty chemicals through its chemical segment.

  • Thor - Thor is a multinational company engaged in manufacturing and distributing biocides, flame-retardants, personal care ingredients, and other specialty chemicals. It caters products to end-use industries such as textile, construction, water treatment, personal care, paints, and paper & pulp. Thor Group has its primary manufacturing and technical facility located in Speyer, Germany. The company has operational facilities located in over 13 countries.

  • Dow - Dow is a global manufacturer of products for agriculture, feed, animal care, automotive and transportation, beauty and personal care, building, construction and infrastructure, chemical manufacturing and industrial, consumer goods and appliances, electronics, food and beverage, and textiles, and leather and nonwovens markets. The company provides biocide products through its business unit called Dow Microbial Control that markets a series of biocide blends under the trade name ROCIMA biocide and BIOBAN antimicrobial. Applications served by these products include lacquers, plasters and paint, coatings, and varnishes preservatives. Its operations are integrated with participation in biocide manufacturing, formulation and distribution.

  • LANXESS - LANXESS is a specialty chemicals company, formed as a spinoff from Bayer A.G.’s chemical operations and polymer activities. The company is involved in manufacturing and distribution of additives, chemical intermediates, plastics, and specialty chemicals. It currently operates through three major business segments, namely, performance polymers segment, advanced intermediates segment, and performance chemicals segment. It caters through several business units such as High-Performance Materials, Advanced Industrial Intermediates, Leather, Inorganic Pigments, Material Protection Products, Liquid Purification Technologies, Saltigo, Rhein Chemie, and Urethane Systems.

  • Melzer Chemicals Pvt. Ltd.- Melzer Chemicals Pvt. Ltd., popularly known as MELZER, is a manufacturer of biocides, treatment polymers, and specialty chemicals for industries such as textile, sugar, leather, paper, oil & gas, and wastewater treatment. One of its major business operations is involved in the production of biocides and preservatives for industrial as well as household applications. It operates via multiple locations in India and across the globe including parts of Europe, Korea, Australia, South America, North America, Africa, South East Asia, and the Middle East via web network.

  • Akcros Chemicals Inc.- Akcros Chemicals Inc. is a global manufacturer of specialty chemicals with specialization in the manufacturing of additives. The company’s businesses include production and supply of coating additives, rubber, PU, PVC, and biocides for PVC. Its biocide products are sold under the trade name INTERCIDE that are composed of isothiazolinoes and other active ingredients. The company operates as a fully owned subsidiary of Valtris Specialty Chemicals. It has manufacturing units in China, India, the U.S., and the European countries along with prominent sales in the Western Europe and North America.

  • Lonza - Lonza is a global manufacturer and service provider of biological research, pharmaceuticals & biotechnology, consumer health, agricultural ingredients, and coatings & composites. It provides biocides besides corrosion inhibitors and hydrogen sulfide scavengers as oil & gas performance ingredients for applications, including unconventional oil & gas recovery, stimulation, production, and drilling, through its business segment of coatings & composites. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Biocides Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Biocides Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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