Growing population
coupled with growing concerns for industrial waste water treatment is expected
to drive biocide demand over the next six years. In addition, positive outlook
on key application markets such as textiles, paints and coatings, primarily in
Asia Pacific, Latin America and Eastern Europe, is also expected to boost the
demand for biocides over the forecast period.
Halogen compounds
dominated the biocide product space, accounting for over 27% of global market
revenue in 2013. However, environmental concerns, regarding the disposal and
impact of halogen-based compounds are expected to reduce market penetration for
these products by 2020. Phenolic biocides are expected to be the fastest
growing product segment, at an estimated CAGR of 6.9% from 2014 to 2020.
The global biocides market size was
estimated at USD 7.99 billion in 2014. Rising demand from industrial
applications, particularly in paints & coatings, water treatment and
personal care coupled with the dynamic expansion of these end-use industries is
expected to drive biocides market in the near future.
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of Biocides Market@ http://www.grandviewresearch.com/industry-analysis/biocides-industry
Further Key findings from the study suggest:
· The global market for biocides was
estimated to be USD 7,308.0 million in 2012, and is expected to grow at a CAGR
of 5% from 2014 to 2020.
· North America is expected to continue its
dominance in the global market and is expected to account for over 40% of the
total market by the end of 2020. Asia Pacific is expected to be the fastest
growing regional market, with market revenue expected to reach USD 3,454.7
million by 2020, at a CAGR of 6.2% from 2014 to 2020.
· Water treatment applications are expected
to continue to dominate biocide demand, and are estimated to account for over
24% of global revenue by 2020. Regulatory framework for enforcing industrial
water treatment standards is expected to have a positive impact on the market.
Water treatment is also expected to be the fastest growing application market
for biocides at an estimated CAGR of 6.2% from 2014 to 2020.
· The global market for biocides is
moderately concentrated with top four participants, including Arch Chemical,
ISP, Dow Microbial Control and Troy Corporation, accounting for over 55% of the
total demand in 2013. Some of the other significant market participants for
biocides include Thor Specialties, DuPont, Lanxess, Akzo Nobel and BASF.
Grand View Research has
segmented the global biocide market on the basis of product, application and
region:
Biocides Product Outlook (Revenue, USD Million, 2012 -
2020)
·
Halogen Compound
·
Metallic Compounds
·
Organosulfurs
·
Organic acids
·
Phenolic
·
Nitrogen
·
Others
Biocides Application Outlook (Revenue, USD Million, 2012
- 2020)
·
Water Treatment
·
Food and Beverage
·
Personal Care
·
Wood Preservation
·
Paints and Coatings
·
Others
Biocides Regional Outlook (Revenue, USD Million, 2012 -
2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
