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Key Drivers for Biocides Market to Ensure Healthy Growth

Growing population coupled with growing concerns for industrial waste water treatment is expected to drive biocide demand over the next six years. In addition, positive outlook on key application markets such as textiles, paints and coatings, primarily in Asia Pacific, Latin America and Eastern Europe, is also expected to boost the demand for biocides over the forecast period.

The Global Biocides Market is expected to reach USD 10,745.7 million by 2020, according to a new study by Grand View Research, Inc.

Halogen compounds dominated the biocide product space, accounting for over 27% of global market revenue in 2013. However, environmental concerns, regarding the disposal and impact of halogen-based compounds are expected to reduce market penetration for these products by 2020. Phenolic biocides are expected to be the fastest growing product segment, at an estimated CAGR of 6.9% from 2014 to 2020.  

To Know More About Biocides Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/biocides-industry

Top Players of Biocides Market:

The global market for biocides is moderately concentrated with top four participants, including Arch Chemical, ISP, Dow Microbial Control and Troy Corporation, accounting for over 55% of the total demand in 2013. Some of the other significant market participants for biocides include Thor Specialties, DuPont, Lanxess, Akzo Nobel and BASF.

Market Segmentation of Biocides Market:

The Global Biocide Market Segmented on the basis of Product and Application.

By Product:
  •     Halogen Compound
  •     Metallic Compounds
  •     Organosulfurs
  •     Organic acids
  •     Phenolic
  •     Nitrogen
  •     Others

By Application:
  •     Water Treatment
  •     Food and Beverage
  •     Personal Care
  •     Wood Preservation
  •     Paints and Coatings
  •     Others

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