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
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.