Biocides Market size is expected to reach USD 12.01 billion by 2022: Global Market Insights, Inc.

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Biocides Market Size, Share and Forecast
2016-2022
Biocides Market size is expected to reach USD
12.01 billion by 2022
Key companies include Dow, Ashland, Arch
Chemicals, Thor Specialities and Troy, AkzoNobel,
BASF, Lanxess, Champion Technologies and Albemarle
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Global Market Scenario of Biocides
Industry

• Biocides Market size is expected to reach USD
  12.01 billion by 2022 according to a new
  research report by Global Market Insights, Inc.
• Increasing waste water treatment system coupled
  with stringent environmental regulations will
  drive global biocides market size growth.
  Increased health awareness related to bacterial
  growth and pathogens particularly in Asia Pacific
  and Latin America will stimulate product growth.
• North America, led by Mexico, Canada and U.S
  biocides market size, dominated demand, with U.S.
  set to surpass USD 3.7 billion by 2023. may
  boost product demand paints coatings
  applications. U.S government has invested
  significant amount of revenue to infrastructural
  development factor which may drive paints
  coatings demand.
• VoC emission norms have led to paint
  manufacturers focusing on low emission
  formaldehyde free products. However, low emission
  paints are more susceptible to microbial activity
  which may promote biocides market size growth in
  paints to curb their activity.

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Continue.....

• Halogen compound based biocides market size
  dominates the product landscape, with growth set
  at 4.7 by 2022. Increasing application scope in
  municipal and industrial waste-water treatment
  with cooling systems has led to slower market
  growth owing to stringent regulations regarding
  halogen emissions. Halogen compounds are deployed
  as biocides in light of easy availability and low
  cost.
• Oil gas applications are likely to witness
  strong gains, with strong OG exploration
  production indicators providing significant
  growth opportunities. Primary uses include
  optimizing production rates, curb corrosion, and
  keep away functional fluids from getting spoiled.
  Storage areas and wells have certain bacteria
  that produce hydrogen sulfide which can be
  flammable and explosive.
• Stringent regulation regarding product
  authorization before placing an order along with
  active substances such as carcinogens, mutagens
  and reprotoxic substances may hinder demand and
  affect biocides market price trend. In the U.S.,
  biocides are regulated under the Federal
  Insecticide, Fungicide, and Rodenticide Act
  (FIFRA). This act aims at providing federal
  control over distribution, sale and use of all
  pesticides.

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360 Analysis
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Application Analysis- Water treatment biocides
market size was estimated at over USD 1.8 billion
in 2014. Industrial water treatment is done to
address problem areas that include scaling,
microbial activity, corrosion and disposal of
waste water. Food beverages application was
the second largest by accounting for over 16 of
the revenue share in 2014 and is likely to
witness sluggish gains over the forecast
period. Personal care application is likely to
grow at above average rate at over 5.2 up to
2022. Increasing application scope in cosmetic
such as shower gel, liquid soap, shampoo and
moisturizing cream in order to inhibit growth of
bacteria fungus and to improve product shelf
life is likely to fuel biocides
demand. Increasing application scope in paints
coating owing to antimicrobial, antifungal and
antibacterial properties coupled with
construction industry growth is likely to drive
biocides demand. Global coatings market size
registered over USD 114 million in 2014 and is
likely to be worth more than USD 142 million by
2022.

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Regional Analysis-
North America, driven by the U.S. biocides market
share, dominated demand with valuation exceeding
USD 3.2 billion in 2014. The U.S. accounted for
over 75 of the revenue share in North America.
The U.S government has allotted significant
amount of funds to infrastructural development in
recent past which is likely to increase paints
coatings demand in the region and thereby
promoting biocides growth.   APAC, dominated by
China biocides market share, accounted for over
28 of the revenue share and is likely to grow at
higher rates up to 2022. Growth of end-use
industries such as construction, healthcare,
pharmaceuticals and food beverages is likely to
drive demand over the forecast period.   MEA,
mainly driven by Saudi Arabia, occupies a small
portion of the total revenue share and is likely
to grow at above average growth rates up to 2022.
This region is likely to grow owing to increasing
paints coatings demand due to increasing
construction spending by regional governments of
Saudi Arabia, Bahrain, UAE and Qatar.
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