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Global outlook For Biocides Market Share, By Product, by application, 2017-2022

Europe Biocides Market size, by application, 2012-2022 (USD Million)

Europe Biocides Market size, by application, 2012-2022 (USD Million)

U.S. biocides market will grow at a rate of 6% over 2015-2022, pertaining to a strict regulatory framework and the rising number of wastewater plants.

This application makes use of halogen products extensively, on account of their effective microbial control. Halogen compound based biocides market was worth more than USD 2.2 billion in 2015 and will grow at fairly modest CAGR of 4.5% over the coming timeframe. This growth can be attributed to the huge demand from industrial wastewater treatment systems and their rising popularity owing to their cost-effectiveness and efficiency.

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Biocides market will sketch a lucrative growth path over the forthcoming years, primarily pertaining to the growing water pollution levels that have led to the deployment of waste water treatment methods across the residential, industrial, and commercial sectors. The rising prevalence of bacteria and pathogens in water bodies has led to severe environmental hazards.

In order to eliminate the same, biocides are used extensively in waste water treatment in place of disinfectants such as chlorine. In addition, government bodies have been implementing stringent norms regarding waste water treatment, which will impel Biocides Market size, slated to cross USD 12 billion by 2022, with a CAGR projection of 5% over 2015-2022.

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Biocides are extensively used in the paints & coatings sector on account of their excellent properties. Global coatings market was valued at USD 114 million in 2014 and may surpass USD 142 million by 2022, which will most certainly provide a positive impetus to the overall biocides industry. Since dry & liquid coatings encourage the growth of microbes, biocides are added to paints & varnishes to control the unwanted growth of bacteria. Mexico biocides market is expected to record a CAGR of more than 6% over 2015-2022, primarily due to increased product consumption across the paints & coatings sector.

Sample Table of Content for Biocides Market:
Biocides Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012 - 2022
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Growing water demand
3.4.1.2 Growth of paints & coatings industry
3.4.1.3 Boom in oil & gas industry
3.4.1.4 Rising demand for food & beverages
3.4.2 Industry pitfalls & challenges
3.4.2.1 Stringent regulatory framework
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Biocides company market share analysis, 2014
3.8 PESTEL analysis

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Phenolic acids provide cost effective anti-microbial protection for a huge range of sectors such as paints & adhesives, paper & pulp, construction, and metal working fluids. On these grounds, phenolic based biocides market will expand at a rate of 7% over 2015-2022.

Biocides market is fairly concentrated with the top four companies holding more than 50% of the overall sales in 2015. Asia Pacific boasts of a combination of local and international players who contribute toward the development of biocides industry in the region. Key participants operating in this market include BASF, the Dow Chemical Company, Troy Corp., Ashland Inc., Akzo Nobel N.V, LANXESS, Thor Specialities, Nalco Champion, Albemarle, and Arch Chemicals.

About Global Market Insights, Inc.
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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