Biocides Market worth 10.6 Billion USD by 2020

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Biocides Market by Type by Application - Global
Trends and Forecasts to 2020
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Biocides Market worth 10.6 Billion USD by 2020
The report Biocides Market by Type (Halogen
compounds, Metallic compounds, Organosulfurs,
Organic acids, Phenolics, and Others) and by
Application (Water treatment, Personal care, Wood
preservation, Food beverage, Paints coatings,
and Others) - Global Trends and Forecasts to
2020 defines and segments the biocides market
with an analysis and forecast for types and
applications by volume as well as value. The
biocides market size by value is projected to
reach USD 10.6 Billion by 2020, with a CAGR of
4.8 between 2015 and 2020.
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Biocides Market worth 10.6 Billion USD by 2020
Browse gtgt 88 data tables
59 figures
149 pages and in-depth TOC on Biocides Market
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at US 5650 for single user. The biocides market
size by value is projected to reach USD 10.6
Billion by 2020, with a CAGR of 4.8 between 2015
and 2020. Report Price - Single User License
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Biocides Market worth 10.6 Billion USD by 2020
North America is the key market for
biocides North America dominated the biocides
market in 2014. The U.S. is the key market for
biocides in the region. The growing demand for
biocides in water treatment and food beverage
segments is driving the market for biocides in
the region. Furthermore, the reviving
construction industry in North America drives the
market for biocides in paints coatings and wood
preservation segments. Paints coatings segment
is expected to witness growth during the
projected period.
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Biocides Market worth 10.6 Billion USD by 2020
Asia-Pacific is the fastest-growing market for
biocides during the projected period. The ensuing
increase in investments and rise in the number of
new manufacturing establishments is anticipated
to witness Asia-Pacific emerge into a prime
driver of growth for the biocides market.
Furthermore, the food beverage segment is
expected to witness decent growth during the
forecast period. This is due to the rising
concern for safe packaged food in the region.
Moreover, the rising construction activities
drive the market for biocides in paints
coatings and wood preservation applications.
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Biocides Market worth 10.6 Billion USD by 2020
Water treatment application to dominate the
global biocides market Water treatment segment
dominated the biocides market with 25.6 the
global market share in 2014, in terms of volume.
The increasing demand for treated municipal and
industrial water from the end-use industries is
driving the market for biocides. The increased
emphasis on clean water by the government of both
the developed and developing nations paves a way
for the growth of biocides. Biocides provide
unparalled benefits in the water treatment and
other segments.
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Biocides Market worth 10.6 Billion USD by 2020
Food beverage is the other key application
area of biocides. The stringent food safety norms
in the developed nations of Europe and North
America drive the market for biocides. Moreover,
the growing food beverage industry in the
Asia-Pacific region drives the market for
biocides, where they are used as
preservatives. Halogen Compounds projected to
have the highest growth Halogen compounds had
the largest market share in 2014 and are
projected to dominate the global market by 2020.
They are very effective microbial growth control
agents, less costly, efficient, have wide
spectrum of applications, and relatively low
occurrence of resistance. All these factors act
as a driver for the halogen compounds.
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Biocides Market worth 10.6 Billion USD by 2020
Metallic compounds are used in wood
preservation, food beverage, and paint
coating applications as biocides. Silver-based
biocides are widely used as an antibacterial
agent in consumer products because of their
properties such as high thermal stability and
health and environmental safety. The organosulfur
biocides are used to control microbial activity
in the oil refineries industry.
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Biocides Market worth 10.6 Billion USD by 2020
Organic acids such as formic or acetic acids are
used as biocides on account of their less
reactive nature as compared with strong mineral
acids such as hydrochloric acid (HCl), mixtures
of HCl and hydrofluoric acid (HF). Despite of
these properties, these compounds do not hold
larger market share than halogen compounds.
Halogen compounds are more cost-efficient which
is why they are used in a variety of
applications. Purchase a Copy of this Report
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