Global Microbial Control Chemical Market

Microbial Control Chemical Market Size, Share, Growth Analysis, By Type(Phenolic, halogens, alcohol, heavy metals and others), By Application (Water treatment, paint & coatings, wood preservation, personal care), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2119 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Microbial Control Chemical Market Regional Insights

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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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 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. 'BASF SE', 'The Dow Chemical Company', 'Lonza Group AG', 'AkzoNobel N.V.', 'Evonik Industries AG', 'Clariant AG', 'Solvay SA', 'Nouryon', 'Troy Corporation', 'Thor Group Limited', 'LANXESS AG', 'Merck KGaA', 'DuPont de Nemours, Inc.', 'Stepan Company', 'Kemira Oyj', 'GE Water & Process Technologies (Suez SA)', 'Lubrizol Corporation', 'FMC Corporation', 'Eastman Chemical Company', 'Huntsman Corporation'

Increasing demand from various end-use industries

One key microbial control chemical market trend is the increasing demand for environmentally friendly and sustainable solutions. This trend is driven by growing awareness of the negative impacts of traditional chemical-based microbial control agents on human health and the environment. As a result, many companies are investing in the research and development of natural and non-toxic microbial control agents, such as biological control agents, plant extracts, and essential oils. Additionally, the implementation of stringent regulations and guidelines by governments and regulatory bodies contributes to adopting sustainable microbial control solutions.

North America dominated the 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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Global Microbial Control Chemical Market

Report ID: SQMIG15E2119

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