San Francisco, 24 September
2018 ,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. 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.
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.
Full Research
Report On biocides Market Analysis:www.grandviewresearch.com/industry-analysis/biocides-industry
Further Key findings from the study suggest:
·
The global market for biocides
was estimated to be USD 7,308.0 million in 2012, and is expected to grow at a
CAGR of 5% from 2014 to 2020.
·
North America is expected to
continue its dominance in the global market and is expected to account for over
40% of the total market by the end of 2020. Asia Pacific is expected to be the
fastest growing regional market, with market revenue expected to reach USD
3,454.7 million by 2020, at a CAGR of 6.2% from 2014 to 2020.
·
Water treatment applications
are expected to continue to dominate biocide demand, and are estimated to
account for over 24% of global revenue by 2020. Regulatory framework for
enforcing industrial water treatment standards is expected to have a positive
impact on the market. Water treatment is also expected to be the fastest
growing application market for biocides at an estimated CAGR of 6.2% from 2014
to 2020.
·
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.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/disinfectants-and-preservatives
Grand View Research has segmented the
global biocide market on the basis of product, application and region:
Biocides Product Outlook
(Revenue, USD Million, 2012 - 2020)
·
Halogen Compound
·
Metallic Compounds
·
Organosulfurs
·
Organic acids
·
Phenolic
·
Nitrogen
·
Others
Biocides Application Outlook
(Revenue, USD Million, 2012 - 2020)
·
Water Treatment
·
Food and Beverage
·
Personal Care
·
Wood Preservation
·
Paints and Coatings
·
Others
Biocides Regional Outlook
(Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Full
Press Release of this Report:
www.grandviewresearch.com/press-release/global-biocides-market
www.grandviewresearch.com/press-release/global-biocides-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
