Canada Biocides Market Size & Outlook, 2022-2030
Canada biocides market, 2018-2030 (US$M)
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Canada biocides market highlights
- The Canada biocides market generated a revenue of USD 251.0 million in 2022 and is expected to reach USD 343.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, halogen compounds was the largest revenue generating product in 2022.
- Quaternary Ammonium Compounds is the most lucrative product segment registering the fastest growth during the forecast period.
Biocides market data book summary
| Market revenue in 2022 | USD 251.0 million |
| Market revenue in 2030 | USD 343.1 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Halogen compounds |
| Fastest growing segment | Quaternary Ammonium Compounds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Halogen Compounds, Metallic Compounds, Organosulfurs, Organic acids, Quaternary Ammonium Compounds, Phenolic, Nitrogen, Glutaraldehyde |
| Key market players worldwide | Neogen Corp, Albemarle Corp, The Lubrizol Corp, Basf SE, Solvay SA, Lanxess AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global biocides market in 2022.
- Country-wise, France is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. biocides market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 362.1 million by 2030.
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Biocides Market Scope
Biocides Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada biocides market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biocides market will help companies and investors design strategic landscapes.
Halogen compounds was the largest segment with a revenue share of 27.65% in 2022. Horizon Databook has segmented the Canada biocides market based on halogen compounds, metallic compounds, organosulfurs, organic acids, quaternary ammonium compounds, phenolic, nitrogen, glutaraldehyde covering the revenue growth of each sub-segment from 2018 to 2030.
Prominently used biocides/formulations in Canada include zinc naphthenate, copper naphthenate, pentachlorophenol, creosote, borates, micronized copper azole (MCA), copper azole (CA), alkaline copper quaternary (ACQ), and chromated copper arsenate (CCA) among others.
Biocides for wood preservation in Canada are regulated by Pest Control Products Act and are required to be registered by the Pest Management Regulatory Agency (PMRA) of Health Canada.
Economic crisis with a GDP decline of 38.7% annual rate in 2020 in Canada (Statistics Canada) as an outcome of the COVID-19 pandemic led lockdown in the country during the month of April, is likely to hit the market growth negatively.
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Our clientele includes a mix of biocides market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biocides market , including forecasts for subscribers. This country databook contains high-level insights into Canada biocides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biocides market size, by product, 2018-2030 (US$M)
Canada Biocides Market Outlook Share, 2022 & 2030 (US$M)
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