Growing purified water supply demand in residential, commercial and industrial process applications to sustain optimum efficiency and to maintain wellness is expected to have a positive impact on the biocides market. Rapid construction growth coupled with industrialization in emerging markets is expected to drive the market. Biocides have very less or almost zero content of volatile organic compounds (VOC) and are preferred over other chemicals with high content VOC possessing relatively hazardous properties. They are used as additives in the paints and coating industry to prevent paints from getting contaminated.
Growing health awareness and change in lifestyle is expected to have a positive influence on the personal and healthcare industry where usage of biocides is at the peak. However, government regulations and environmental norms may hinder the growth rate of the market owing to the fact that biocides cause harm to living organisms. Lengthy registration process and high processing fee to pass through the regulatory norms is expected to be a key challenge for the market over the forecasted years.
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Halogen compounds emerged as the leading biocides product and accounted for over 20% of the global consumption. Growing need for treated water supply in industrial, pulp and paper industry is expected to drive the halogen compound market. Other biocides products include metallic compounds, organic acids, organosulfur, nitrogen, gluateraldehyde, sodium hydroxide and phenolic. Stringent regulatory norms and governmental regulations may hinder the growth rate over the forecasted period. Use of triclosan, phenol compound, is in demand for personal care and health care industry, where it is used in liquid soaps as antimicrobial supplements.
Water treatment was the largest biocides application segment and accounted for over 20% of the total market in 2012 owing to the increase in demand for water treatment in industrial, commercial and residential applications. Food and beverage industry uses biocides owing to the growing population and changing lifestyles in emerging countries including China and India. Other applications include paints and coatings, wood preservation and personal care industry. Governing bodies such as EPA help in spreading awareness and is expected to be a key driving force for the global market.
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North America emerged as the largest biocide regional market and accounted for more than 35% of the total market value in 2012 owing to the growth in paper and pulp, food processing and personal care industry. Stringent environmental norms against hazardous content of biocides may affect the growth rate in the market. Asia Pacific is expected to be the fastest growing regional market over the forecast years. Growing health awareness among the population regarding bacterial growth and pathogens is expected to increase the demand for purified and clean water used in industrial, commercial and residential sector and eventually increase biocides demand over the next six years.
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