Press release
What are factors will drive the Biocides Market growth? Key players are Solvay, Buckman, Clariant, The Dow Chemical Company, LANXESS, Kemira, DuPont, The Lubrizol Corporation, Nalco Water, An Ecolab Company, AkzoNobel, Albemarle Corporation, Lonza, BASF,
Biocides Market
Growth drivers
• Growth in water demand in Asia Pacific
• Growth of paints & coating industry in Asia Pacific
• Blooming oil & gas industry in Middle East & Africa
• Rising demand for food & beverage industry in U.S.
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LUX Assure, the UK based leading specialist in providing chemical monitoring solutions to the oil and gas industry, has taken a giant leap in biocides market. The company has recently launched the world’s first biocide mapping technology, TraxBioTM, which maps biocidal surfactants in oil and gas systems utilizing the chemical’s propensity to form micelles. These micelles are produced due to nanoscale clusters of biocides which are detected with LUX Assure’s latest technology. Furthermore, TraxBio would aid in making better decisions regarding the biocide dosage, which shall, in turn, result in cost savings for end-users of biocide chemicals. Apparently, this breakthrough innovation comes on the heels of the company’s plans to tap the burgeoning biocides market size across the globe, which commanded a total valuation in excess of USD 8.5 Billion in 2016.
Global biocides market is perceived to be greatly influenced by the increasing demand for an uninterrupted supply of safe and fresh water by developing economies owing to their rising population and swift economic growth. As per estimates, the Asia Pacific region is slated to lead the biocides industry growth chart, as the region encompasses a large number of developing economies and is claimed to account for over 35% of the global water supply demand. Add to it, the growing health concerns owing to pathogens and bacterial growth would fuel the biocides market expansion in the immediate future.
Meanwhile, the fast-expanding end-use domains is argued to be directly proportional to the profitability quotient of the entire biocides industry space. Pertaining to the broad application spectrum of biocides chemicals across food and beverage, wood preservation, HVAC, personal care, paints and coatings, boilers, and oil and gas, the global demand for safe biocides has had a substantial effect on the revenue curve of biocides industry.
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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
Simultaneously, over the recent years, the aforementioned sectors have been increasingly demanding environmentally-viable disinfecting solutions in order to comply with the mandatory guidelines and compliance standards prescribed by various governments pertaining to environmental safety. This has compelled the biocides market players to come up with innovative and advanced solutions amidst the highly competitive industry landscape.
Speaking of the global biocides market hierarchy, the industry could be termed as highly combative owing to the presence of established companies such as Dow Chemical, BASF SE, Troy Corporation, Lanxess Aktiengesellschaft, Solvay, Albemarle, Akzo Nobel N.V., and Thor Group. The leading biocides market giants are increasingly focusing on mergers and acquisitions to strengthen their production capability and fortify regional presence. Akzo Nobel N.V., for instance, has recently announced to purchase the business of V.Powdertech Co. Ltd., the leading manufacturer of powder coatings, to complement its existing technology portfolio. The acquisition is set to positively influence one of the vital applications of biocides, that is paint and automotive coatings, which is forecast to exceed USD 15 Billion by the rising demand from automotive, marine, aviation, and construction sectors. Further mergers and acquisitions, partnerships and collaborations are strongly anticipated in the ensuing years. In terms of commercialization potential, the biocides market is forecast to hit a revenue USD 13 Billion by 2024, according to the recently published research report by Global Market Insights, Inc.
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
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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