Biocide Market 2018 by Global Trends and Key Companies 2025 - AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals, Nalco Champion, Arch Chemicals and others

Adroit Market Research has announced the addition of the “Global Biocide Market Size Status and Forecast 2025”, The report classifies the global Biocide in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Biocide Speaker market, analyzes and researches the Biocide Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This report focuses on the top players in global market, like AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals, Nalco Champion, Arch Chemicals

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The global biocide market size was valued USD 9.16 billion in 2017, owing to its application in paint & coatings manufacturing industries, as well as in disinfectants for the household and healthcare sector. The effectiveness of biocide in restricting microbial & fungal growth and preventing the spread of infections has resulted in a surge in its demand in the global market.

Biocide is a compound which is used to kill or control any life form. These are a diverse group of poisonous substances including insecticides, disinfectants, preservatives and pesticides used for the control of organisms that are harmful to human or animal health or that cause damage to natural or manufactured products. However, the growing concern over the exposure to toxic chemicals is expected to hamper the global biocide market growth in the coming years. The European Union regulatory framework and the Federal Pesticide Law (FIFRA) regulates the use of biocides in Europe and the US respectively. For instance, the FDA recently banned Triclosan, an antibacterial agent from use in over-the-counter antiseptic products

Halogen compounds segment had a valuation of USD 2.48 million in 2017 in the global biocide market. The low cost and availability of raw materials such as bromine, chlorine, and iodine are the factors contributing towards the escalated use of biocides. Another factor driving the growth of this segment is the application in disinfection of drinking water and cooling systems and surfaces. The increasing need for clean water is expected to further propel the demand for halogen biocides. However, growing environmental and health concerns with regard to the use of chlorine and bromine are expected to hamper the growth in the coming years. Continuous exposure to chlorine in the air can affect the immune system and thus poses threat to organisms in water and soil. This has necessitated the need for regulations that mandate the release of such chemicals.

Water treatment application emerged as the largest application contributing to more than 23% of the revenues in 2017 and is projected to witness the fastest gains in the future. Rising need for clean water for domestic and industrial use in developing regions is the key driving factor behind the growth of wastewater treatment plants. The growth in potable water requirement owing to the increasing population in Asia Pacific is expected to propel the global biocide market demand. Furthermore, increased health awareness is also expected to act as a catalyst and contribute to the growth of the global biocide industry.

ey segments of the global biocide market

Type Overview, 2015-2025 (USD Million)
Phenol
Organosulfurs
Nitrogen
Organic Acids
Halogen Compounds
Metallic Compounds
Others

Application Overview, 2015-2025 (USD Million)
Oil & Gas
Water Treatment
Paints & coatings
Food & Beverages
HVAC
Personal Care
Fuels
Boilers
Others

North America accounted for 40.5 % of the total revenue share in 2017. The U.S. dominated the regional biocide market and this trend is anticipated to continue over the forecast period. The infrastructural development in the region has escalated the demand for paints & coatings which has consequently driven the demand for biocide. The growing demand for food & beverage and personal care products owing to the rising disposable income has further led to the growth of the biocide market across the region. An increasing number of water treatment projects coupled with rising demand from the construction industry are the factors that are positively impacting the biocide market growth in the region. Middle East is expected to offer lucrative opportunities during the forecast period as a result of increased urbanization, rise in per capita income and demand from oil & gas application which will act as a driver for oilfield biocide market.

Reasons for the study

The purpose of the study is to give an exhaustive outlook of the global biocide market
While studying the market, we observed that phenolic compounds is projected to grow at the fastest rate owing to the requirement of microbial protection for a wide number of applications across the globe.
The global biocide market has been mainly driven by the increased demand for water treatment across the globe.
The water treatment application is projected to witness fastest growth in the coming years owing to rising need for clean water for domestic and industrial purposes.

What does the report include?

The study on the Global biocide market includes qualitative factors such as drivers, trends, and opportunities
Additionally, the market has been evaluated using the value chain analysis and Porter’s Five Forces’ analysis.
The study covers qualitative and quantitative analysis of the market segmented on the basis of type and application.
The report provides a deep-dive data analysis for all the applications.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the market with a significant global and/or country presence

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