Growth Opportunities in the Biocides Market, Organic acid biocides market size should witness significant gains during forecast period owing to positive outlook in food preservation and oil & gas well treatment applications.
Sellbyville, DE -- (SBWIRE) -- 05/06/2019 -- Biocides Market may surpass USD 13 billion by 2024; according to a new research report. Halogen compounds based biocides industry may exceed USD 3.3 billion by 2024. They comprise of fluorine, chlorine, iodine, bromine and astatine. They are effective microbial development control agents and pose less occurrence of resistance. Positive indicators towards drinking water, cooling water systems and surfaces disinfection owing to cost-effective properties over its counterparts will drive biocides market growth.
LANXESS's Preventol DP 1021 may debut in biocides market in Q4 2017, having already generated waves of anticipation prior to its launch. Elaborating further, specialty chemicals firm, LANXESS, plans to introduce a brand-new product to its portfolio of biocidal formulations for microbial control in water systems at the International Water Conference 2017, to be held in Florida. Reportedly, LANXESS's brainchild, Preventol DP 1021, is a broad-spectrum biocide that has been specifically developed to be used across industrial water systems to control the formation of biofilm. Having created quite a stir in biocides market already, this product encompasses a synergistic blend of a strong biocidal active and a surface activating biocide, both of which combinedly deliver increased microbial protection in water treatment systems
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/150
Increasing waste water treatment systems accompanied with demand for continuous supply for fresh & safe water should drive biocides market demand. Germicides such as chlorine in waste water treatment are being replaced by biocides as they lead to lower environmental hazards. Increasing health concerns due to prevalence of bacterial and pathogens growth will fuel market demand.
Positive outlook for growth in paints & coatings industry owing to antifungal, antimicrobial and antibacterial properties may drive product demand. Biocides demand from paint & coatings applications may surpass USD 1.4 billion by the end of forecast period. They inhibit microbial growth on painted or coated surface as it leads to aesthetic & physical degradation. It is added to varnishes & paints to control growth of undesirable bacteria's, which shows harmful effects on paint.
Phenolic based biocides market may witness growth of over 7% by the end of projected period. They are used to preserve aqueous based metalworking fluids in metalworking industry as they have a broad spectrum of activity against both fungi and bacteria. Increase in demand from food packaging, healthcare industries will propel market demand.
Food and beverage applications may surpass USD 2.2 billion by 2024. Biocides control the growth and proliferation of microorganisms to enhance hygiene and safety in food & beverage industries. Growth in food processing industries along with favorable regulations regarding the usage of product in order to limit the spread of diseases through food industry will stimulate industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/150
Personal care applications may exceed USD 1.8 billion by 2024. Biocides are used as preservative in personal care and cosmetics industry as they inhibit the microbiological growth in easily perishable products resulting into enhanced product shelf life and consumer safety.
Biocides market from oil & gas applications may surpass USD 1 billion by 2024. Oil & gas wells and storage zones have certain microorganisms like bacteria that produce hydrogen sulfide which can be explosive and combustible. Strong indicators towards minimizing functional fluids deterioration, corrosion control and growth in oil & gas production rates will boost product demand.
Preventol DP 1021, as per analysts, is forecast to gain substantial popularity among biocides industry firms, given its effectiveness with regards to microbial control. Speaking of which, protecting water against aerobic and anaerobic bacteria has become the need of the hour as on today, given the mammoth proportion of pollutants and contaminants in water, that has led to massive environmental degradation. Some of the statistics pertaining to water contamination are enlisted below:
Every year, around 1.2 trillion gallons of untreated sewage and industrial wastes are dumped into the water sources of the United States.
Approximately 70% of untreated industrial wastes are dumped into usable water resources in the developing countries.
Over 80% of untreated sewage is discharged into water bodies in the developing nations, severely polluting drinking water supply and coastal areas.
Europe, led by UK, France, Poland, Italy and Germany biocides market may register growth at over 4.5% by the end of foreseeable timeframe. Growth in pharmaceutical, healthcare and food processing industries along with increase in construction spending in residential sector owing to massive movement of migrants to western countries such as the Netherlands and Germany may stimulate regional industry growth.
Asia Pacific, driven by India and China biocides market is poised to exceed USD 4 billion by 2024. Increase in meat and poultry products consumption along with growing industrial and commercial waste water treatment systems may drive product demand.
Global biocides market share is concentrated with prominent players including Ashland, Dow Chemicals, BASF, Arch Chemicals, Thor Specialties, LANXESS, Troy Corporation, Albemarle, Akzo Nobel, and Nalco Champion.
Browse Full Report @ https://www.gminsights.com/industry-analysis/biocides-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.