Press release
Asia Pacific Biocides Market Size Set To Exceed 4 Billion By 2024 | Solvay, Clariant, LANXESS, Buckman
Biocides Market
Increasing waste water treatment systems accompanied with demand for continuous supply for fresh & safe water should drive biocides market demand. Germicides such as chlorine in waste water treatment are being replaced by biocides as they lead to lower environmental hazards. Increasing health concerns due to prevalence of bacterial and pathogens growth will fuel market demand.
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Positive outlook for growth in paints & coatings industry owing to antifungal, antimicrobial and antibacterial properties may drive product demand. Biocides demand from paint & coatings applications may surpass USD 1.4 billion by the end of forecast period. They inhibit microbial growth on painted or coated surface as it leads to aesthetic & physical degradation. It is added to varnishes & paints to control growth of undesirable bacteria's, which shows harmful effects on paint.
Halogen compounds based biocides market may exceed USD 3.3 billion by 2024. They comprise of fluorine, chlorine, iodine, bromine and astatine. They are effective microbial development control agents and pose less occurrence of resistance. Positive indicators towards drinking water, cooling water systems and surfaces disinfection owing to cost-effective properties over its counterparts will drive biocides market growth.
Industry impact forces
1 Growth drivers
1.1 Growth in water demand in Asia Pacific
1.2 Growth of paints & coating industry in Asia Pacific
1.3 Blooming oil & gas industry in Middle East & Africa
1.4 Rising demand for food & beverage industry in U.S.
2 Industry pitfalls & challenges
2.1 Strict regulatory framework
Phenolic based biocides market may witness growth of over 7% by the end of projected period. They are used to preserve aqueous based metalworking fluids in metalworking industry as they have a broad spectrum of activity against both fungi and bacteria. Increase in demand from food packaging, healthcare industries will propel market demand.
Food and beverage applications may surpass USD 2.2 billion by 2024. Biocides control the growth and proliferation of microorganisms to enhance hygiene and safety in food & beverage industries. Growth in food processing industries along with favorable regulations regarding the usage of product in order to limit the spread of diseases through food industry will stimulate industry growth.
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 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Valtris Specialty Chemicals
3. Albemarle Corporation
4. Lonza
5. Nalco Water, An Ecolab Company
6. The Lubrizol Corporation
7. Baker Hughes, a GE company
8. BASF
9. BWA Water Additives
10. GE Water & Process Technologies
11. Solvay
12. Sigma-Aldrich
13. Thor Group Limited
14. Buckman
15. Cortec Corporation
16. Clariant
17. Troy Corporation
18. The Dow Chemical Company
19. LANXESS
20. Kemira
21. DuPont
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 concentrated with prominent players including Ashland, Dow Chemicals, BASF, Arch Chemicals, Thor Specialties, LANXESS, Troy Corporation, Albemarle, Akzo Nobel, and Nalco Champion.
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