Global Biocides Market
Global Biocides Market was valued at US$ 7.139 Bn in 2017 and is estimated to reach US$ 10.532 Bn by 2026 growing at a CAGR of 4.98 % during the forecast.
Upsurge in the usage of biocides in water treatment and agriculture industry as pesticides and insecticides and awareness regarding consumption of clean water are the key factors driving the growth of the global biocides market. However, environmental issues related with the emission of halogenated biocides, such as endocrine disruptions and carcinogenic properties, have caused making of stringent norms, regulations, and protocols, especially on the use of chlorine and bromine in water treatment industry.
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Halogen-based segment is leading the biocides market followed by metallic biocides. Halogen-based segment is projected to grow at a CAGR of 5.5% during the forecast period. Halogen-based biocides are very effective for microbial growth and is active control agents. Halogen-based segment growth is driven due to its less cost and high efficiency. Halogen-based biocides is utilized in wide spectrum of applications, and relatively low occurrence of resistance. Metallic biocides market witnesses a significant growth owing to its widespread application scope in disinfecting industrial water systems. Metallic biocides is highly active in preventing algae formation inside ballast water treatment plants.
Increased necessity for water treatment in numerous sectors such as household, industrial, and commercial has led to the growth in demand for biocides. The construction industry is the segment the maximum market potential in the global biocides market, owing to rapid urbanization and favorable macroeconomic factors. Additionally, use of biocides in agriculture and water treatment industries is increasing altogether thereby accelerating the growth.
Progress in demand for biocides as preservatives in food & beverage industry and rise in demand from stimulating construction industry in North America, followed by Asia-Pacific drive the biocides market growth. Furthermore, India and China have witnessed major development in the construction industry, owing to constant growth in economy and rise in living standards. Moreover, disposable incomes in developing countries such as China, India, and Indonesia has directed to rise in the use of biocides, thereby leading to demand for biocides globally.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding biocides market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in biocides market.
The scope of the Global Biocides Market
Global Biocides Market, by Product:
• Metallic Compounds
• Halogen-Based Derivatives
• Organic Acid
Global Biocides Market, by End-Use Industry:
• Food & Beverages
• Personal Care
• Water Treatment
• Paints & Coatings
Global Biocides Market, by Region:
• North America
• South America
• Asia Pacific
• Middle East & Africa
Key Player analyzed in the Report:
• The Dow Chemical Company
• Troy Corporation
• BASF SE
• Thor Group
• Clariant Corporation
• Lonza Chemicals
• Arch Chemicals
• Champion Technologies
• ISP Chemicals
• Baker Hughes
• Melzer Chemicals
• Kemira Oyj
• Nalco Champion
• Bio Chemical
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