Middle East and Africa Biocides Market is expected to show a value of USD 440.79 million by 2029

 

Middle East and Africa Biocides Market, By Type (Halogen Compounds, Organic Acids, Nitrogen Based Biocides/Quaternary Ammonium Compounds, Metallic Compounds, Organosulfur Compounds, Phenolic Biocides, Others), Product Type (Preservatives, Pest Control, Others), Application (Water Treatment, Food and Beverage, Boilers and Industrial Cooling Towers, Personal Care, Wood Preservation, Paints and Coating, HVAC, Boilers, Oil and Gas, Fuels, Metal Working Fluids, Marine Industry, Plastics, Leather, Others) – Industry Trends and Forecast to 2029

The World Health Organization (WHO) estimates that 2.1 billion people worldwide lack access to safe drinking water in their homes. Water treatment is in high demand due to a lack of safe drinking water, which is boosting the biocides market across the region, since it is used as anti-fouling agents and disinfectants. Biocides are employed in a variety of industries, including healthcare, waste-water treatment, agriculture, food and drinks, paints, coatings, pulp, paper, plastics, and construction, due to their antimicrobial properties and widespread use as disinfectants, preservatives, and insecticides.

Middle East and Africa Biocides Market was valued at USD 611.03 million in 2021 and is expected to reach USD 440.79 million by 2029, registering a CAGR of 4.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Biocides are products or chemicals that are used to kill pests or microbes. Mold, bacteria, algae, insects, and rodents are commonly utilized to manage and kill hazardous and undesired species. Disinfectants, wood preservatives, rodenticides, antifouling agents (on boats), in-can preservatives, and other biocides are used in households and public locations such as hospitals and industries.

Recent Development

In January 2021, LANXESS has purchased Intace SAS, a French company, as part of their expansion to maintain their position as one of the leading biocide manufacturers. Intace SAS is a French firm that specialises in the formulation and application of fungicides and biocide for the packaging sector. On January 14, 2021, LANXESS and the seller signed an agreement to that effect. The parties have agreed to keep the purchase price a secret. The transaction is expected to close in the first quarter of 2021, according to LANXESS.

For Better Understanding, Get PDF Broucher Research Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=middle-east-and-africa-biocides-market

Competitive Landscape and Biocides Market Share Analysis

The biocides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biocides market.

Some of the major players operating in the biocides market are

Lubrizol Corporation (U.S.)

BASF SE (Germany)

Clariant (Switzerland)

Cortec Corporation (U.S.)

Dow (U.S.)

Akzo Nobel N.V. (Netherlands)

Kemira (Finland)

Thor (U.S.)

BWA WATER ADDITIVES (U.S.)

LANXESS (Germany)

Albemarle Corporation (U.S.)

Lonza (Switzerland)

Baker Hughes (U.S.)

General Electric Company (U.S.)

Buckman (U.S.)

Valtris Specialty Chemicals (U.S.)

Ecolab (U.S.)

Merck KgaA (Germany)

Ques Industries, Inc. (U.S.)

Biocides Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

High Usage of Antimicrobial Protection in End Use Industries

Biocides have become increasingly popular in a variety of industries. Because cooling water systems provide a favorable environment for the growth of microorganisms, cooling towers are one of the most common application areas for biocides in power plants, mining, and chemical facilities is further anticipated to propel the growth of the biocides market.

Increase in the Product Demand in Medical Industry

The medical business is expanding as a result of increased consumer awareness of health and hygiene. As a result, this factor is largely encouraging manufacturers to use new technologies in developing medical solutions, thus further contributing to the market growth.

Growing Demand from Paints and Coatings Industry

The market is being driven by the growth of the paints and coatings market. The product is used to protect the painted surface against microbial contamination such as fungal or bacterial growth caused by air pollution and exposure to the outside environment in this sector.

Furthermore, the growing population has increased demand for agricultural products and created a global infrastructure need, as both the agriculture and construction sectors are heavy users of biocides in diverse commodities such as pesticides, plastics, and paints and coatings, which will further propel the growth rate of biocides market.

Access Full  Report https://www.databridgemarketresearch.com/reports/middle-east-and-africa-biocides-market

Opportunities

Product Developments and Research and Development Activities

Furthermore, various product developments by the market players further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing research and development activities will further expand the future growth of the biocides market.

Restraints/Challenges

Time-taking and Costly Registration Process

The biocidal product have to be approved before the before the market has put it on sale. Furthermore, before a biocidal product may be put on the market, the active ingredients in it must be approved. The cost of registering each biocides product under the new regulations, according to industry experts, is enormous. Furthermore, for the registration of all types of biocides, BPR necessitates massive amounts of toxicology and environmental effects testing. The registration process for biocidal products is slow and costly, posing a barrier to market expansion.

Regulations and Raw Material Variations

On the other hand, the environmental regulations on the toxic biocides is further projected to impede the growth of the biocides market in the targeted period. However, the variations in the raw material prices might further challenge the growth of the biocides market in the near future. Therefore, these factors will further challenge the biocides market growth rate.

This biocides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biocides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

About Data Bridge Market Research:                                  

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com