Specialty Biocides Market: Introduction

A specialty biocide is a chemical compound or microorganism utilized to deter, destroy, and control any harmful organism by chemical or biological means.  Specialty biocides consist of the biocidal active substance and the biocidal product. The biocidal active substances are primarily chemical compounds or microorganisms. Most of biocidal active substances have high toxicity. Example of active substances with high toxicity such as CO2, which exhibit their biocidal activity only under certain specific conditions like in closed systems.

Biocidal products contain one or more biocidal active substances and is likely to contain other non-active elements that ensure effectiveness and desired characteristics such as pH, viscosity, color, and odor to the final product. Example of biocidal products such as clothes and wristbands saturated with insecticides, socks saturated with antibacterial substances etc. 

Specialty Biocides Market: Segmentation

The global specialty biocides market can be segmented based on type, application, and region. In terms of type, the specialty biocides market can be classified into halogen compounds, metallic compounds, organ-sulfurs, and organic acids. Halogen compounds are used as effective microbial growth control agents. Halogen compounds have relatively low occurrence of resistance. Low cost and highly stable are key factor for halogen compounds, this drive the specialty biocides market during the forecast period. Metallic compounds are used in food & beverage, wood preservation, and paint & coating applications as biocides. Organ-sulfur biocides are used to control microbial activity in the oil & gas industry. These inhibit micro-organisms such as algae and bacteria in re-circulating water systems. Organic acids such as formic or acetic acids are used as biocides, as they are less reactive in nature as compared to strong mineral acids such as hydrochloric acid and hydrofluoric acid. Lactic acid-based products are extensively used as an antimicrobial agent in the poultry & meat industry.

Based on application, the specialty biocides market can be divided into water treatment, personal care, wood preservation, food & beverage, paints & coatings, and others. Rising demand for biocides in waste water treatment plants for municipal and industrial purpose is a key factor driving the demand for specialty biocides during the forecast period. After water treatment, food & beverage is expected to be major application for specialty biocides during the forecast period. Biocides increase the shelf life of food and prevent degradation of quality. Silver-based biocides are used as antibacterial agents in wood preservation due to their high thermal stability properties. 

Specialty Biocides Market: Regional

In terms of region, the specialty biocides market can be segregated into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Europe is expected to remain a leading region for the global food processing & water treatment market during the forecast period. Growth in the organic food industry in countries such as Germany and the U.K. is a key factor driving the demand for specialty biocides market during the forecast period.

Asia Pacific is the reviving building & construction industry, presence of this will drives the market for biocides in paints & coatings. The paints & coatings segment is the key factor driving the demand for specialty biocides market in the projected period. 

Specialty Biocides Market: Key Player

The global specialty biocides market is fragmented. Large numbers of companies operate at the global and regional level. Companies operating in the specialty biocides market include Dow Chemicals, Troy Corporation, BASF SE, Solvay, Albemarle, and Thor Group.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

1. Customer Experience Map

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Specialty Biocides Market

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