Latin America Biocides Market Size & Outlook, 2022-2030
Latin America biocides market, 2018-2030 (US$M)
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Latin America biocides market highlights
- The Latin America biocides market generated a revenue of USD 446.8 million in 2022.
- The market is expected to grow at a CAGR of 3.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 446.8 million |
| Market revenue in 2030 | USD 603.4 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Halogen compounds |
| Fastest growing segment | Quaternary Ammonium Compounds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 5.2% of the global biocides market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,725.9 million by 2030.
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Biocides Market Scope
Biocides Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 28.11% in 2022. Horizon Databook has segmented the Latin America 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.
In similar terms with the North America, water treatment and wood preservation are likely to be the strongest market growth drivers in South America. Growing adoption of water-based paints & coatings as they are more environment friendly, is likely to drive the product consumption from the paints & coatings application.
The ultra-low sulfur demand from the marine transportation industry is expected to drive the market growth in fuels application. Slowed economy due to the COVID-19 is expected to project a sluggish growth from the wood preservation, and oil & gas, fuels, HVAC, markets.
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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 continent-level data and insights on the Latin America biocides market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biocides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biocides market size, by country, 2018-2030 (US$M)
Latin America Biocides Market Outlook Share, 2022 & 2030 (US$M)
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