According to the recent research report titled ‘Europe Biocides Market Forecast 2027 By Application By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Europe biocides market is expected to reach USD 3.5 billion by 2027.

The major factor driving Europe biocides market growth are increasing demand for organic acids used in packaged goods to kill bacteria to preserve their quality & shelf life, unhealthy eating habits due to hectic schedule, and escalating demand for phenolic biocides.

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For those unaware, biocides are antimicrobial chemicals that are used in paints and coatings to protect them from bacterial and fungal deterioration.

Antimicrobial additive usage is predicted to rise on account of rising industrial and infrastructural expansions, as well as the introduction of numerous restoration projects across Europe, resulting in increasing demand for paints and coatings.

Moreover, biocides are widely employed in forest management, agriculture, paints and coatings, anti-fouling agents and disinfectants, and medicine, in addition to packaged food applications. Antifungals, herbicides, algicides, pesticides, antibiotics, germicides, and other antimicrobial compounds are all commonly used in these industries.

Europe’s biocides industry is segmented based on application type, product catalog, and regional landscape.

In terms of application type, the market is segregated into water treatment, food & beverage, personal care, HAVC, wood preservation, boilers, oil & gas, paintings & coatings, and others. The wood preservation application segment is predicted to reach USD 295 million by 2027 due to the soaring use of wooden furniture in proliferating residential & commercial sectors to give a more aesthetic look to the structures. Moreover, the surging use of wood is raising the demand for antimicrobial acids to keep it from decaying is enhancing the product uptake.

Moving forward the product segment of this business space is divided into nitrogen, halogen compounds, phenolic biocides, organic acids, organosulfur, and others. Of these, the phenolic segment amassed USD 350 million in revenues in 2020 and is slated to expand at 5.5% CAGR during the forecast period owing to rising awareness about personal hygiene & physical health, which is promoting the usage of disinfectants, and antiseptics.

The regional landscape of Europe biocides marketplace spans across U.K, Germany, France, Italy, Spain, Russia, and Denmark.

The competitive landscape of the industry is formulated by companies such as DuPont de Nemours, Inc., Clariant AG, Kemira Oyj, Buckman Laboratories International, Inc., Thor Group Ltd., Lanxess, Solvay S.A, SUEZ, Italmatch Chemicals S.p.A., BASF SE, Baker Hughes Company, Lonza Group,The Lubrizol Corporation, Albemarle Corporation, Valtris Specialty Chemicals, and Nouryon.