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Biocides Market in Food and beverage applications to reach US$ 2.2Bn by 2024 | Key players are Solvay, Buckman, Clariant, The Dow Chemical Company, LANXESS, Kemira, DuPont, The Lubrizol Corporation, Nalco Water, An Ecolab Company, AkzoNobel, Albemarle Cor
Biocides Market
Personal care applications may exceed USD 1.8 billion by 2024. Biocides are used as preservative in personal care and cosmetics industry as they inhibit the microbiological growth in easily perishable products resulting into enhanced product shelf life and consumer safety.
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Biocides Market, By Application
• Food & Beverage
• Wood Preservation
• Personal Care
• HVAC
• Water Treatment
• Paints & Coatings
• Fuels
• Oil & Gas
• Boilers
Biocides market from oil & gas applications may surpass USD 1 billion by 2024. Oil & gas wells and storage zones have certain microorganisms like bacteria that produce hydrogen sulfide which can be explosive and combustible. Strong indicators towards minimizing functional fluids deterioration, corrosion control and growth in oil & gas production rates will boost product demand.
Biocides market size from water treatment application will exceed USD 3.2 billion during forecast period due to wide application demand for treated water in livestock farming and agribased business. They also act as anti-fouling agents to prevent mollusks accumulation in industrial water pipelines. These products are used in industrial water treatment to prevent contamination from microbial attack.
U.S. biocides market share is estimated to witness gains at over 4% during forecast period due to positive application outlook in food industry. Their usage in food industry is regulated and used as preservative for higher shelf life and preventing quality degradation.
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Europe, led by UK, France, Poland, Italy and Germany biocides market may register growth at over 4.5% by the end of foreseeable timeframe. Growth in pharmaceutical, healthcare and food processing industries along with increase in construction spending in residential sector owing to massive movement of migrants to western countries such as the Netherlands and Germany may stimulate regional industry growth.
Global biocides market share is consolidated with participants including Dow Chemicals, Troy Corporation, BASF SE, Solvay, Albemarle and Thor Group. Industry participants concentrate on partnership, mergers and acquisition to expand their production capabilities and regional presence.
Browse key industry insights spread across 185 pages with 96 market data tables & 40 figures & charts from the report, “Biocides Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biocides-market
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