REDDING, Calif., July 18, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Microbial Control Chemical
Market Size, Share, Forecast, & Trends Analysis by
Method (Sterilization, Disinfection, Antisepsis), Type (Phenolics,
Halogens, Aldehyde, Alcohol), End-use Industry (Water Treatment,
Healthcare) - Global Forecast to 2031,' published
by Meticulous Research®, the microbial control
chemical market is projected to reach $8.34
billion by 2031, at a CAGR of 6.1% from 2024 to 2031.
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The growth of this market is driven by the growth in the food
processing industry, rising concerns regarding food safety, the
growing need for water treatment, and stringent regulations
regarding hygiene & product safety in various industries.
However, the regulatory complexities regarding the use of microbial
control chemicals and the emergence of microbial resistance to
these chemicals restrain the growth of this market.
Moreover, growing awareness about the importance of hygiene
& cleanliness and the technological advancements in microbial
control chemicals are expected to create market growth
opportunities. However, the environmental concerns associated with
the use of these chemicals pose a major challenge for the players
operating in this market.
Key Players:
The report includes an extensive assessment of the key growth
strategies adopted by leading market players over the past few
years (2021–2024). The microbial control chemical market has
witnessed several product launches, partnerships, agreements, and
collaborations in recent years. The key players operating in the
microbial control chemical market are Lonza Group Ltd.
(Switzerland), Solvay S.A.
(Belgium), LANXESS AG (Germany), Clariant AG (Switzerland), The Dow Chemical Company (U.S.),
Ecolab Inc. (U.S.), Thor GmbH (Germany), BASF SE (Germany), Stepan Company (U.S.), and Albemarle
Corporation (U.S.).
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The Microbial Control Chemical market is segmented by method
(sterilization, disinfection, and antisepsis), type (phenolics,
halogens, oxidizing agents, aldehyde, alcohol, heavy metal, and
other microbial control chemicals), end-use industry (water
treatment, healthcare, personal care, food & beverages, wood
preservation, oil & gas, and other end-use industries), and
geography (North America,
Europe, Asia-Pacific, Latin
America, Middle East &
Africa). The study also evaluates
industry competitors and analyzes the market at the regional and
country levels.
Key Findings in the Microbial Control Chemical Market
Study:
Among the methods covered in this report, the disinfection
segment is projected to register the highest CAGR during the
forecast period of 2024–2031. This segment's growth is driven by
the expanding applications of various microbial control chemicals,
such as aldehydes, oxidizing agents, halogens, alcohols, and
phenolics. These chemicals find extensive use in key industries,
including healthcare, water treatment, and food & beverage.
Effective disinfection plays a critical role in preventing the
transmission of infectious diseases and ensuring hygienic
environments. Moreover, rising awareness about hygiene,
advancements in disinfection technologies, and the introduction of
eco-friendly disinfection solutions are anticipated to drive the
growth of this segment during the forecast period.
Among the types covered in this report, in 2024, the phenolics
segment is expected to account for the largest share of
36.0% of the microbial control chemical market. This
segment's large market share can be attributed to concerns over
microbial contamination, increasing demand for effective
disinfection solutions, and the effectiveness of phenolics in
eliminating a broad range of microorganisms, coupled with their
prolonged residual efficacy. Furthermore, the increasing
utilization of phenolics in the healthcare and food processing
sectors contributes to the significant market share of this
segment.
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Among the end-use industries covered in this report, in 2024,
the water treatment segment is expected to account for the largest
share of the microbial control chemical market. This segment's
large market share can be attributed to rapid population growth
& urbanization, stringent water treatment & environmental
regulations, declining freshwater resources, and rising incidence
of waterborne diseases.
Based on geography, the microbial control chemical market is
segmented into North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. The
market in Asia-Pacific is
projected to register the highest CAGR of around 7% during
the forecast period of 2024–2031. The growth of this regional
market is driven by rapid industrialization, stringent regulatory
standards across industries like healthcare & food processing,
rising concerns over emerging infectious diseases, and ongoing
technological advancements aimed at improving the efficacy and
sustainability of these chemicals.
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Scope of the Report:
Microbial Control Chemical Market Assessment—by
Method
- Sterilization
- Disinfection
- Antisepsis
Microbial Control Chemical Market Assessment—by
Type
- Phenolics
- Halogens
- Oxidizing Agents
- Aldehyde
- Alcohol
- Heavy Metal
- Other Microbial Control Chemicals
Microbial Control Chemical Market Assessment—by
End-use Industry
- Water Treatment
- Healthcare
- Personal Care
- Food & Beverages
- Wood Preservation
- Oil & Gas
- Other End-use Industries
Microbial Control Chemical Market Assessment—by
Geography
- North America
- Europe
- Germany
- Spain
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
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