Biocides inhibit microbial activities, and their effectiveness varies with the concentration and duration of exposure. They are produced in powder and liquid forms, as well as concentrates and, are applicable in distinct end-use industries such as agriculture, wastewater treatment, pharmaceutical, and personal care.
Furthermore, Biocides are used in oil & gas, metal & mining, pulp & paper, and various other industries for treating the water. Moreover, the rising demand for preservatives in food is driving the market for biocides in the food & beverage segment.
Growing Demand from Various Industries Is Anticipated to Drive the Demand for Global Biocides Market. An increase in the use of biocides in water treatment and agriculture industry as pesticides and insecticides and a rise in awareness about clean water are the key factors that accelerate the growth of the global biocides market. In addition, the rapid adoption of halogen-based biocides in industrial preservation applications such as wood preservation, water treatment industry, and metalworking fluids is driving the demand for biocides. Furthermore, growth in demand for biocides as preservatives in the food & beverage industry and rise in demand from reviving the construction industry in North America, followed by Asia-Pacific drive the biocides market growth.
“Global Biocides Market was Valued at US$ 9.1 Bn in 2018 And it is Expected to Reach More than US$ 14.8 Bn by 2027, Likely to Grow with the CAGR of 5.6% During the Forecast Period.”
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-Halogen Compound segment held a significant share in Global Biocides Market in 2018. Halogen Compounds has emerged as the key market for biocides. The Halogen Compound segment constituted a major share of the market in 2018 and it is projected to grow at a significant CAGR of above 5.0 % during the forecast period. Halogen compounds have a wide spectrum of applications owing to very effective microbial growth control agents and relatively low occurrence of resistance. The prime driver of biocides is the increasing demand from end-use applications due to its low cost. The rising demand for biocides that comply with the environmental norms is rising from the developed nations. Therefore, the demand for organic acids has increased in the European and North American regions.
Biocides Market in North America is anticipated to be the largest market owing to the increasing demand from the water treatment segment coupled with the rising demand from the reviving construction industry. In addition the presence of a large number of companies in the region specializing in nearly every industry including water purification, food and beverages, and painting and coating, all of which are the largest consumers of biocides.
The top companies in the global Biocides market include BASF SE, Akzonobel N.V., Clariant AG, and The Dow Chemical Company. While Some of the other key players in the market are
Valtris Specialty Chemicals, Albemarle Corporation, Nalco Champion, The Lubrizol Corporation, Baker Hughes Incorporated,Business Segment, BWA Water Additives, GE Water and Process Technologies, Solvay SA, Sigma-Aldrich Corporation, Thor Group Limited, Buckman Laboratories International Inc., Cortec Corporation, , Troy Corporation, Lanxess AG, Kemira OYJ and DuPont
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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