The medical business is expanding as a results of increased consumer awareness of health and cleanliness, which is creating market possibilities. This, along with economic growth, is encouraging businesses to use new technology in developing medical solutions.
Furthermore, the merchandise is used in the food and beverage industry and the leather industry. Thus, growing demand for these products will enable the speedy expansion of the market.
Production in various sectors has been terminated thanks to the economic outage. This has resulted during a drop in sales volume and supply chain disruptions and a halt in paint & coatings shipments, considerably restricting this market.
The global biocides market size is expected to reach USD 9,914.2 million by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028.
The growing adoption of innovative solutions within the medical industry will contribute positively to the market growth during the forecast period, states Fortune Business Insights, during a report, titled “Biocides Market, 2021-2028” The market size stood at USD 7,195.1 million in 2020.
Acquisition of INTACE by LANXESS to Foster Growth
LANXESS, a specialty chemicals firm, purchased INTACE SAS, a French firm, to expand its market share together of the world’s top producers of biocides and antimicrobials.
The biocide firm, situated in Paris, makes specialist fungicides for the packaging sector. On January 14, 2021, LANXESS and therefore the seller signed a memorandum of understanding to that effect. The parties have agreed to stay the acquisition price a secret.
The acquisition is predicted to close in the first quarter of 2021, consistent with LANXESS. the acquisition will increase the biocides market share as INTACE anticipated revenue in half paid higher range by 2020. Paper, paperboard, soap packaging, labels, and banknotes are just some of the applications for its goods.
This business unit’s products are utilized during a wide range of applications all around the world. The business unit delivers customer-specific solutions for diverse branches with its big variety of active antibacterial agents and preservatives.
Thor Group Limited to Account for a High Share
Thor Group Limited manufactures products for a good range of industrial and consumer uses. to realize a competitive edge in the biocides market, leading manufacturers are employing techniques like boosting brand recognition, growing regional presence, and launching new product offers. Companies also are investing in technology advancements in order to broaden their product offerings.
The Report Lists the Key Companies during this Market:
Vink Chemicals GmbH & Co. KG (Germany) Clariant (Switzerland) Kemira Oyj (Finland) Troy Corporation (U.S.) Thor Group Limited (UK) Lanxess AG (Germany) Solvay SA (Belgium) Neogen Corporation (UK) Finoric LLC (U.S.) Shanghai Zhongxin Yuxiang Chemical Co., Ltd (China) Shandong IRO Biocide Chemicals Co., Ltd. (China) Albemarle Corporation (U.S.) Lonza Group Ltd (Switzerland) Wuxi Honor Shine Chemical Co. Ltd. (China)
Acquisition of INTACE by LANXESS to Foster Growth
LANXESS, a specialty chemicals firm, purchased INTACE SAS, a French firm, to expand its market share together of the world’s top producers of biocides and antimicrobials.
The biocide firm, situated in Paris, makes specialist fungicides for the packaging sector. On January 14, 2021, LANXESS and therefore the seller signed a memorandum of understanding to that effect. The parties have agreed to stay the acquisition price a secret.
The acquisition is predicted to close in the first quarter of 2021, consistent with LANXESS. the acquisition will increase the biocides market share as INTACE anticipated revenue in half paid higher range by 2020. Paper, paperboard, soap packaging, labels, and banknotes are just some of the applications for its goods.
This business unit’s products are utilized during a wide range of applications all around the world. The business unit delivers customer-specific solutions for diverse branches with its big variety of active antibacterial agents and preservatives.
