Press release
Global Biocides market 2024: Troy Corporation, The Dow Chemical Company, Ashland, BASF, Akzo Nobel, Lanxess and Albemarle Corporation
Global Biocides market
There is a large amount of wastewater accumulated as a result of commercial and industrial wastes. The demand for wastewater treatment for domestic and industrial use is favorably impacting biocides market growth. Regions like Latin America and Asia Pacific where scarcity of clean water is a major issue, will present huge growth opportunities for biocides market players. Moreover, the replacement of traditional disinfectants such as chlorine by biocides owing to the rising health & environmental concerns is another vital growth factor contributing towards the industry share.
However, strict regulations pertaining to the use of halogen based biocides may hamper the industry growth over the forecast timeframe.
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The industry is segmented in terms of products, applications, and regions.
Biocides application segment includes Food & beverage, Wood Preservation, Water treatment, Personal care, Paints & Coatings, HVAC, Boilers, Fuels, and Oil & Gas. Biocides application in personal care industry is anticipated to register a CAGR of around 5.5% over 2018-2024. The segment growth is attributed to the wide usage of biocides in cosmetics to prevent bacterial growth and to improve shelf life of the products. Wood preservation application segment is predicted to record a CAGR of around 4.5% over the forecast timeline.
Biocides product market comprises Metallic Compounds, Organic acids, Halogen Compounds, Organosulfurs, Phenolic, and Nitrogen. Halogen compounds biocides market is expected to grow at a CAGR of around 4.5% over 2018-2024. This segment will dominate the product landscape, owing to its huge demand in the treatment of municipal and industrial waste water.
Metallic compounds accounted for over 19% of the overall market share in 2017, and is estimated to grow noticeably over the coming years owing to its use in waste water treatment and its preference over halogen compounds which are regarded as a cause of environmental hazards.
The regional segment covers North America, Asia Pacific, Europe, Latin America, and MEA. Biocides industry is concentrated with top players accounting for over 58% of the overall market share. Key industry participants are are Troy, Dow, Thor Specialities, Ashland, Arch Chemicals, BASF, Akzo Nobel, Champion Technology Services, Inc., Lanxess, and Albemarle Corporation.
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Segments We Cover:
Biocides Market, By Product
Metallic Compounds
Halogen Compounds
Organic Acids
Nitrogen
Organosulfurs
Phenolic
Others
Biocides Market, By Application
Food & Beverage
Wood Preservation
Personal Care
HVAC
Water Treatment
Paints & Coatings
Fuels
Oil & Gas
Boilers
Others
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The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Asia Pacific
China
India
Japan
South Korea
Latin America
Brazil
MEA
Saudi Arabia
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