Biocides Market Projected To Reach 9,912 Million By 2022 Growing At A CAGR Of 6.3%

The Effects Of Biocides Are Based On Its Chemical Properties, Size & Characteristics Of The Organism, Biocide Concentration, Treatment/Application Process, Contact Time, And Water Quality. Biocides Are Substances Or Mixtures Consisting One Or More Active Substances To Inhibit Microbial Activities And Exert A Controlling Effect On Harmful & Undesired Organisms. They Cover A Wide Range Of Products Such As Disinfectants, Wood Preservatives, Rodenticides, Antifouling Agents, And Preservatives, Which Are Applicable In Hospitals, Homes, Industries To Destroy And Control Viruses, Bacteria, Algae, Molds, Insects, And Mice. The Use Of Biocides For Water Treatment In Various Sectors Such As Household, Industrial, And Commercial Has Led To The Growth In Demand For Biocides. North America Is Expected To Emerge As The Market Leader For Biocides Owing To Stringent Regulations Toward The Supply & Usage Of Toxic & Untreated Drinking Water And Rise In Demand From End-Use Sectors Such As Plastics, Food Processing, Paper & Pulp, And Personal Care.

The Market For Biocides Has Considerably Grown In The Recent Past Due To Rapid Growth Of Waste Water Treatment Applications Among Industrial And Residential Sectors. The Global Biocides Market Was Valued At $6,479 Million In 2015, And Is Projected To Reach $9,912 Million By 2022, Growing At A Cagr Of 6.3% From 2016 To 2022. This Is Attributed To Rapid Growth Of End User Industries, Increase In Demand For Biocides From Construction Industry, Rapid Growth Of The Agriculture Industry, And Rise In Investments Waste Water Treatment Industry.

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The list of Companies

Troy Corporation
Basf Se
Thor Group
Akzonobel N.V.
Clariant Corporation
Lanxess Ag
Solvay Sa
Kemira Oyj
Lonza Chemicals

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Developing Countries Have Witnessed High Demand For Biocides, Owing To Rapid Industrialization And Increase In Demand From Oil & Gas Sectors Such As Oilfield, Pipeline, And Refinery. Additive Applications Such As Use Of Hydraulic Fracturing Techniques (Tight Oil And Shale Gas Formations), Which Require Biocides To Prevent Corrosion And Production Issues That May Be Caused By Bacterial Contamination Is Further Expected To Fuel Demand For Biocides. Rise In Demand From Pulp & Paper Manufacturing And Plastics Production, And Increase In Awareness For Protection Against Growth Of Bacteria And Pathogens In Food & Beverage Industry Are Anticipated To Drive The Market Growth In Forecast Period. Moreover, It Has Become A Regulatory Trend To Replace Conventional Chemicals Such As Chlorine In Industrial Water Treatment Applications With Low-Cost Commodities To Be Further Used In Municipal Water Treatment. Market Players Focus On Catering To The High Demand For Specialty Biocides And Its Products And Their Variability. However, Environmental Concerns About The Disposal And Impact Of Halogen-Based Compounds Is Projected To Reduce Market Penetration For These Products By 2020. This Has Resulted In Reduced Use Of Halogen-Based Biocides, Thus Hampering The Growth Of The Market.

The Global Biocides Market Is Segmented On The Basis Of Type, End Use Industry, And Geography. Based On Type, The Market Is Classified Into Metallic Compounds, Halogen-Based Derivatives, Organic Acids, Sulfones, Phenol Based, And Others. The Metallic Compounds Segment Dominated The Global Market In 2014, And Is Anticipated To Maintain Its Dominance Throughout The Forecast Period. The Halogen-Based Segment Is Estimated To Grow At A Significant Cagr Of 5.2% During The Forecast Period. By End Use Industry, The Market Is Categorized Into Food & Beverages, Construction, Agriculture, Pharmaceuticals, Personal Care, Water Treatment, Paints & Coatings, And Others. Geographically, The Market Is Analyzed Across North America, Europe, Asia-Pacific, And Lamea.

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Posted by on Monday May 20 2019, 4:45 AM EDT. All trademarks acknowledged. Filed under Advanced Materials, Business & Financial Services, Chemicals, Chemicals & Materials, Featured Press Release, Metallurgical, Metals & Minerals, Plastics, Pulp & Paper, Technology Hardware & Equipment, Textiles. Comments and Trackbacks closed. Follow responses: RSS 2.0

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