USD 17.24 billion
Report ID:
SQMIG15E2119 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
67
|Figures:
75
Global Microbial Control Chemical Market size was valued at USD 17.24 billion in 2021 and is poised to grow from USD 18.19 billion in 2022 to USD 26.28 billion by 2030, growing at a CAGR of 5.13% in the forecast period (2023-2030).
Microbial control chemicals are commonly used in various industries, including agriculture, healthcare, food and beverage processing, and water treatment. The main objective of microbial control chemicals is to prevent the proliferation of harmful microorganisms that can cause diseases or contamination. They are applied through various methods, including spraying, fumigation, and immersion, and they can be used in various forms, such as liquids, gases, and solids. The global microbial control chemical market is driven by increasing demand for food safety and quality, rising concerns about the spread of infectious diseases, and growing awareness about the benefits of using these chemicals in various industries. The market is highly competitive, with numerous players offering a wide range of products for different applications.
Global Market Size
USD 17.24 billion
Largest Segment
Phenolic
Fastest Growth
Heavy metals
Growth Rate
5.13% CAGR
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Global Microbial Control Chemical Market is segmented based on the type, application, and region. Based on type, global market is segmented into phenolic, halogens, alcohol, heavy metals and others. Based on application, the global market is segmented into water treatment, paint & coatings, wood preservation, personal care, food & beverages, oil & gas and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
Based on type, Global Microbial Control Chemical Market is segmented into phenolic, halogens, alcohol, heavy metals and others. The phenolic segment dominated the global market. Phenolic, also widely recognized as carbolic acid, was among the earliest disinfectant compounds used in hospitals and laboratories. Since its invention in 1889, varied phenolic compounds such as cresols and o-phenylphenol have been used to control microbial growth and as active ingredients in various formulations of Lysol. Phenolics have the largest market share due to their extensive range of uses in agriculture, laboratories, and hospitals, among other places.
Analysis by Application
Based on application, the Global Microbial Control Chemical Market is segmented into water treatment, paint & coatings, wood preservation, personal care, food & beverages, oil & gas and others. Water treatment generates the most demand for microbial control chemicals and accounts for the largest global market share. Most countries are focusing on water treatment facilities to ensure customers have access to clean water. Increasing water treatment facilities are expected to significantly impact the global market for microbial control chemicals.
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North America dominated the global microbial control chemical market share, accompanied by other regions like Europe and Asia Pacific (APAC). The large share is primarily due to the presence of an extensive number of industries that process food and food-borne diseases, stringent safety FDA regulations to maintain hygiene, infrastructure developments, and the rising number of private and government investments in the manufacturing sector. Furthermore, the expansion of end-use industries including food and beverages, water treatment, and health and hygiene in this region, is contributing to the development of the North America market. However, Asia Pacific will be the fastest-growing region during the forecast period due to rising awareness, increased industrialization, and a greater emphasis on hygiene and health. Furthermore, governments in this region have broadly acknowledged technology in order to provide better services to their common people and raise living standards.
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Driver
The demand for microbial control chemicals is increasing in various industries such as food and beverages, healthcare, and water treatment. These chemicals are used to prevent the growth of microorganisms that can cause diseases and contamination, thereby ensuring the safety of products and environments. The increasing demand for these chemicals from these industries is expected to drive the growth of the microbial control chemical market.
People are growing aware of the importance of maintaining hygiene and cleanliness in various settings such as homes, hospitals, and public places. This has led to an increase in the use of microbial control chemicals for disinfection and sanitization purposes, thereby driving the growth of the market.
The increasing concern regarding food safety has led to the use of microbial control chemicals in the food and beverage industry. These chemicals are used to control the growth of microorganisms in food products and prevent the spread of foodborne illnesses, thereby ensuring the safety of food products. This is expected to drive the growth of the microbial control chemical market
Restraint
Some several regulations and guidelines govern the use of microbial control chemicals due to their potential harmful effects on human health and the environment. These regulations can make it difficult for manufacturers to develop and market these chemicals, thereby restraining the growth of the market.
The overuse of microbial control chemicals can lead to the development of microbial resistance, which can make these chemicals ineffective in controlling the growth of microorganisms. This can limit the effectiveness of these chemicals and create a barrier to the growth of the market.
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Global Microbial Control Chemical Market is highly competitive and somewhat fragmented. The major industry participants continually implement various growth strategies to maintain a competitive edge. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Player's Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Microbial Control Chemical Market analysis, increasing awareness and demand in established parts of North America are expected to increase demand for microbial control chemicals in the coming years. The increasing implementation of microbial control chemicals in multiple industries and the increasing demand for efficacy against communicable diseases such as H1N1, SARS, bird flu, and MRSA will drive the growth of this market over the forecasting years. However, the adverse effects of the chemicals impede the expansion of this market to some extent.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 17.24 billion |
Market size value in 2031 | USD 26.28 billion |
Growth Rate | 5.13% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Microbial Control Chemical Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microbial Control Chemical Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microbial Control Chemical Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microbial Control Chemical Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2119
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