Biocides Market Offers Promising Opportunities for Biocides Manufacturers, Owing To Growth in the Construction, Pharmaceutical, and Agriculture Industries

The Biocides Market is expected to grow at a CAGR of 6.3% over the forecast period from 2022 to 2022, reaching $ 9,912 million by 2022. The metal compound sector accounted for almost two-fifths of the total market share in 2015.

Biocides are chemicals that fight insects or microorganisms such as fungi, bacteria, algae, insects and rodents. Biocides include a variety of products such as disinfectants, wood preservatives, rodenticides, antifouling (on boats), and preservatives used in homes, hospitals, and industries. Biocide preservation applications, including preservation of water-based paints, adhesives, polymer dispersions and metalworking fluids (included in metal forming), are in high demand for the market, which accounts for the highest consumption of weapons of mass destruction and weapons of mass destruction.

Despite the regulatory pressure to reduce the number of biocides according to the concentration of the final product, a mixture of carefully selected biocidal active substances and the optimum ratio is combined with new developments to provide improved preservation solutions without the need for careful labeling I will.

The global insecticide market is now seeing vivid opportunities as the interest of clean water in various economies is increasing. Biocides also find a wide range of applications in a wide range of products such as antimicrobial coatings and the food and pulp industries. It also controls sulfate-reducing bacteria and slime-forming bacteria in well drilling, oil field treatment and gas storage equipment. Thus, new applications of biocidal agents are another key element that is expected to drive growth in the global biocide market during the forecast period. In addition, there is another important aspect that leads to growth in the global biocide market as the demand for high quality pest control crops increases due to increased demand for pesticides.

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The major companies profiled in the report include
The Dow Chemical Company
• Troy Corporation
• BASF SE
• Thor Group
• AkzoNobel N.V.
• Clariant Corporation
• Lanxess AG
• Solvay SA
• Kemira OYJ
• Lonza Chemicals.

Biocides are used in a wide variety of materials to protect against biological infestation and growth. Biocidal metallic compounds such as copper and tin have found effective usage in preservation of metalworking fluids or hydraulic fluids to deter bacterial growth. Metallic compounds have proved to be effective in removal of various corrosion levels in boilers. Furthermore, increase in export and import of biocides across countries owing to their major applications in agricultural pesticides & insecticides and water treatment setups are some of the key factors that are projected to fuel the demand for biocides in the coming years.

Metallic compounds segment accounted for around one-fourth share, in terms of volume, in 2015. In response to the perennial modifications in the wood preservation industry as well as agricultural industry, efficient biocides are currently in high demand across the globe. Thus, increase in demand for copper and zinc-based biocides especially for protection of crops is one of the major aspects that fuel the demand for biocides globally.

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KEY FINDINGS OF BIOCIDES MARKET:
• In terms of volume, the water treatment segment is projected to show highest growth rate during the analysis period.
• Asia-Pacific is projected to maintain its lead position throughout 2022, and is projected to grow at a CAGR of 6.0%, in terms of volume.
• Agriculture application segment occupied for approximately one-fourth of the total market in 2015.
• China occupied for around one-third of the total Asia-Pacific biocides market in 2015.
• In terms of value, Korea is expected to grow at a high CAGR of 7.6% in Asia-Pacific market from 2016 to 2022.
In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the total biocides market, and are expected to continue this trend due to increase in investments in the modernization of agricultural techniques and rising infrastructural development, specifically in China, India, Brazil, and other developing economies. Moreover, rise in urban population demanding efficient water treatment facilities is the major reason that drives the growth of biocides market.

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