Biocides Market Worth $9.6 Billion by 2018
DALLAS, November 14, 2013 /PRNewswire/ --
The report, "Biocides Market by Type (Halogen Compounds, Metallic Compounds, Organosulfurs, Organic Acid, Phenolics), Application (Personal Care, Water Treatment, Wood Preservation, Food & Beverages, Paints & Coatings) - Global Trends & Forecasts to 2018", defines and segments the global Biocides Market with an analysis and forecasting of the global consumption value.
Browse more than 143 Market Data Tables with 51 Figures spread through 351 Pages and in-depth TOC on "Biocides Market".
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The global Biocides Market is currently dominated by North America. Halogen-based compounds and metallic biocides have large demand from applications such as water treatment, wood preservatives, and paints & coatings. In the coming years, demand from emerging countries is likely to increase on the account of rising environmental awareness and stringent regulations for biocidal products.
Biocides usage in water treatment and food & beverages has been dominating the applications at global level. The halogen-based compounds and organic acids, which are largely used in these applications, have witnessed high growth during recent years. Increasing global awareness and improving standard of living are fueling the use of biocides globally. Stringent regulatory frameworks globally along with recent and upcoming reforms are pushing the global biocides demand in both developed and developing countries.
Halogen compounds have dominated the Biocides Market covering more than one-third of the global Biocides Market in both terms; value and volume. Organic acids followed halogen compounds in volume terms whereas the high prices of metallic biocides resulted in the second-largest market share for metallic biocides in value terms in 2012.
North America has emerged as the most dominant region, both in terms of volume and value, far ahead of Asia-Pacific, followed by Europe and Rest of World. U.S. is likely to remain a major market for biocides, while developing economies such as China, India, South Korea, Brazil, Malaysia, Indonesia, etc. will fuel the future growth. The major players of biocides include Lonza (Arch Chemical) (Switzerland), ISP (U.S.), The Dow Microbial Control (U.S.), Troy Corporation (U.S.), and Thor Specialities (U.S.).
The global Biocides Market is estimated to reach $9.6 billion by 2018, growing at a CAGR of 4.6% from 2013. The high demand of biocides from water treatment, paints & coatings, and personal care will boost future growth.
The biocides demand, in terms of value and volume, depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies. In addition to this, 25 key players in the market have also been profiled.
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