Biocides Market for Water Treatment, Food and Beverage, Personal Care, Wood Preservation, Paints and Coatings and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 10/08/2014 -- The global Biocides Market recorded overall revenue of $6.99 billion in 2011. It is predicted to reach $9.62 billion in 2018, after growing at a CAGR of 4.7% between 2012 and 2018.
A biocide is either a microorganism culture or a chemical substance that inhibits the growth of, deter, control, or eliminate any harmful organisms through biological or chemical means. Most biocides are also used as disinfectants or even anti-fouling agents in situations that require it. Biocides are generally synthetic, while some are naturally occurring that are produced through plants and bacteria. By definition, a biocide can be a pesticide or an antimicrobial. The global biocides market was affected by the economic crisis and therefore maintained a sluggish pace till 2010, after which it recovered and started showing a promising growth rate.
Browse Full Report With ToC:
Segmentation of the Biocides Market:
The biocides market can be classified according to the products made and their applications. By product segment, the market is categorized into:
- Metal compounds
- Halogen compounds
- Organic compounds
By application analysis, the biocides market is categorized into:
- Food and beverage
- Water treatment
- Wood preservation
- Personal care
- Paints and coatings
A rising population and consequent rise in concern over the formation of waste water, the demand for biocides has been increasing in both domestic as well as industrial sectors. End-user industries such as paints and coatings as well as personal care are predicted to drive the global biocide market.
One of the largest application-based markets for biocides remains the water treatment sector, which held more than 22% of the global share in 2011. It also holds the fastest CAGR among application segments with 5.9% over the forecast period. The biggest reason for this fast growth is an increasing demand of clean and treated water within the industrial sectors as well as commercial areas and households.
Get Sample Report Copy in PDF Format from here:
Halogen-based biocides previously led the market with a demand of almost 25% in the global market share in 2011. They are expected to lose market share in the coming years, due to the growing environmental concerns regarding the use of halogen biocides. Moderate growth is expected in the segments of organic compounds, organosulfurs, and organic acids. The phenolic-based biocides are expected to have the fastest CAGR of 6.8% over the forecast period. A rising demand for homecare and healthcare products is expected to provide growth for the phenolic-based biocides segment. Another segment that is expected to manifest substantial growth in market share over the next six years is the nitrogen-based biocide market.
Regional and Global Importance:
The key companies in the global biocides market include: The Dow Chemical Company, Troy Corporation, Albemarle, AkzoNobel, BASF SE, Ashland Inc., Arch Chemicals, Lubrizol, Champion Technologies, Lanxess, and Clariant AG.
Geographically speaking, North America holds the majority of biocide usage, recording 43% of the biocides market’s share in 2011. A large contributor towards this demand has been stringent regulations in North America that lead to most consumers stopping the use of synthetic chemical agents. Most reports however, indicate towards North America losing market share in the near future, the reason for this being cited as the formation of a saturated market. Asia Pacific is currently showing the highest growth rate amongst all regions, with a CAGR of 5.8% from 2012 to 2018. Paints and coatings along with other end-use industries that are currently experiencing growth are becoming the driving factors for the biocides market in the Asia-Pacific region. In comparison, Europe is expected to show a slow and steady growth over the next few years.
In conclusion, the global biocides market continues to grow at a positive rate in developing countries, thereby boosting the industries related to it. Developed countries are expected to show a much slower growth rate due to market saturation, which could prompt them to consider exporting their products.
Transparency Market Research
90 State Street,
NY – 12207
USA – Canada Toll Free 866-552-3453
Browse The Market Research Blog: http://researchandreports.wordpress.com/