Biocide is the compound used for controlling or killing the life form. There are a varied group of poisonous substances involving pesticides, preservatives, disinfectants and insecticides used for controlling the organisms that are dangerous to animal health or human for causing damage to manufactured or natural products. On the other hand, a rise in the concern on the exposure to dangerous chemicals is anticipated to affect the biocide market in the forecast period.
Global Biocide Market report covers the analysis based on drivers, restraints and future opportunities that are expected to influence the revenue during the forecast period. Additional tools such as the Porter’s five forces analysis, PESTEL analysis, and value chain analysis are included to give a holistic market view. The market revenue forecast is provided up to 2025, with 2015 to 2017 representing the real-time historical sales with an annual forecast period between 2018 and 2025.
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Biocide Market: Key Players
AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals Inc., Nalco Champion and Arch Chemicals Inc. among others.
Biocides hinder the microbial activities and the efficiency differs with the duration and concentration of exposure. Biocides are manufactured in powder & liquid forms and concentrates and appropriate in the end-use industries like personal care, pharmaceutical, wastewater treatment and agriculture. There are various applications in wastewater treatment, drinking water treatment, ship ballast water treatment, antifouling agents and disinfectants in hospitals preventing mollusks from accumulating the industrial pipes.
Growth in the usage of biocides in the agriculture industry and the wastewater treatment as insecticides and pesticides and an increase in the awareness for clean water are the factors that escalate the global biocides market growth. Additionally, halogen-based biocides are projected to experience the quick adoption in the applications of industrial preservations like water treatment industry, metalworking fluids and wood preservation. Though, environmental issues related to the emission of halogenated biocides like carcinogenic properties and endocrine disruptions resulted in the preparation of regulations, strict guidelines, protocols on using bromine and chlorine in the water treatment industry.
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The rising need for safe packaged food serves as a driving factor for the food and beverage industry, thereby, driving the Global Biocide Market growth. Increasing government investments for waste water treatment across the region has further aggravated the demand of biocides. For instance, India’s wastewater infrastructure capital expenditure is projected to increase by 83% over the next five years. This is to present immense lucrative opportunities for biocide manufacturers.
Biocide Market: Segmentation
Type Overview, 2015-2025 (USD Million)
• Organic Acids
• Halogen Compounds
• Metallic Compounds
Application Overview, 2015-2025 (USD Million)
• Oil & Gas
• Water Treatment
• Paints & coatings
• Food & Beverages
• Personal Care
Regional Overview, 2015-2025 (USD Million)
• North America
• Asia Pacific
• Rest of the World
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