The global market for biocides 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.
For full research report on Biocides Market
visit here:
https://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.
Get free request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/biocides-industry/request/rs1
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
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.
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